ISDA Response to ESMA Consultation on MIFID Transaction Reporting

On January 17, ISDA responded to the European Securities and Markets Authority’s (ESMA) consultation on a review of transaction data reporting under the Markets in Financial Instruments Regulation (MIFIR). In the response, ISDA highlights its support for several changes proposed by ESMA to improve transaction data reporting requirements – in particular, greater harmonization with similar regimes and improved reporting efficiency. The response also highlights some areas of concern, including the introduction of a transaction identification code (TIC), non-European Economic Area trading venue TICs and challenges with new identifiers, such as the digital token identifier and chain ID. It also raises questions about the potential move in messaging format from the extensible markup language (XML) to JSON.

Documents (1) for ISDA Response to ESMA Consultation on MIFID Transaction Reporting

ISDA AGM Studio: Jacques Vigner, BNP Paribas

Jacques Vigner, ISDA board member and chief strategic oversight officer for global markets at BNP Paribas, speaks with Mark Gheerbrant, global head of risk and capital at ISDA, on the key obstacles to a consistent, risk-appropriate capital framework and how to...

ISDA AGM Studio: Future Leaders in Derivatives

Following publication of the latest whitepaper from the ISDA Future Leaders in Derivatives (IFLD) program, Collateral and Liquidity Efficiency in the Derivatives Market: Navigating Risk in a Fragile Ecosystem, Joel Clark talks to IFLD participants Koen Ottenheijm, senior treasury and...