Interview: ISDA SIMM EU Regulatory Approval Requirements

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/

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