ISDA published ISDA SIMM version 2.7+2412 on May 22 – the first recalibration under the new semiannual cycle.
The release triggered a new requirement for EU counterparties to apply for regulatory authorization to use the model – a submission that must be complete before the revised version of the ISDA SIMM comes into effect on July 12.
In this short video, Tara Kruse, ISDA’s global head of derivative products and infrastructure, explains what firms need to do to comply.
ISDA has also published guidance for EU model applications, plus a generic template for the initial application, which are available here: https://www.isda.org/2025/05/29/guidance-for-eu-im-model-application-for-isda-simm/
Latest
Industry Report under Project Guardian
ISDA and Ant International led the Project Guardian FX industry group to develop a new report for implementing tokenised bank liabilities and shared ledger in cross-border payments and foreign exchange (FX) settlement. The joint report is produced under the Monetary...
ISDA Letter to FASB on Agenda Consultation
On June 30, ISDA submitted a comment letter to the Financial Accounting Standards Board (FASB) in response to the proposal File Reference No. 2025-ITC100, Agenda Consultation. In the letter, ISDA believes the highest priority should be given to expanding the hedge...
Joint Paper on UK EMIR Reform
On July 1, ISDA and UK Finance published a paper, which recommended a set of reforms for the UK European Market Infrastructure Regulation (UK EMIR), carefully considering each EU EMIR 3.0 reform and asking whether we would wish to adopt...
Response to FCA on UK EMIR Reporting
On June 30, ISDA submitted a response to chapter 5 of the UK Financial Conduct Authority’s (FCA) quarterly consultation CP25/16 on trade repository reporting requirements under the UK European Market Infrastructure Regulation (UK EMIR). Chapter 5 proposes ‘Amendments to the...