ISDA Response to FCA Discussion Paper on UK MIFID Transaction Reporting

On February 14, ISDA submitted a response to the UK Financial Conduct Authority’s (FCA) discussion paper 24/2 on improving the UK transaction reporting regime under the UK Markets in Financial Instruments Directive (MIFID) framework. The FCA indicated it is making changes with the intention of simplifying and streamlining reporting requirements, while still maintaining or improving the quality of data received. In the response, ISDA highlights its support for many of the proposed changes, although several areas have been identified that could be improved with additional measures. These areas include alignment with global standards, avoidance of duplicative reporting, the potential for a form of single-sided reporting, an improved identifier for OTC derivatives and using technology to enhance efficiency and accuracy.

 

Documents (1) for ISDA Response to FCA Discussion Paper on UK MIFID Transaction Reporting

Assessing Tokenized MMFs as Eligible Collateral

Distributed ledger technology and digital assets have matured from their early stages to solutions capable of addressing longstanding inefficiencies in collateral management. Tokenized money market funds (TMMFs) represent a particularly promising area for the application of this technology, combining the...

Response to EC on Carbon Accounting

On October 5, ISDA responded to the Joint Research Centre (JRC) of the European Commission (EC) survey, drawing on input from five member firms across the banking, exchange and market-data sectors. The response highlighted broad support for internationally recognized carbon...