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
The ISDA Notices Hub: One Year On
In times of war, armed forces are often required to mobilize over large distances at short notice. The most dreaded response to the question of how they are to be transported is ‘by LPC’, meaning ‘leather personnel carrier’ – the...
ISDA Response to OSC Call for Feedback
On June 26, ISDA responded to the Ontario Securities Commission’s (OSC) consultation on facilitating access to its regulatory framework and reducing the burden for capital markets participants by publishing a machine-readable dataset of regulatory instruments. ISDA's comments are supportive of...
ISDA Comments on EP's MISP Draft Reports
On July 15, ISDA shared comments with policymakers in the European Union on the European Parliament’s (EP) draft reports by Member of the European Parliament (MEP) Markus Ferber and MEP Eero Heinäluoma on the Market Integration and Supervision Package (MISP)....
Building Markets, Creating Opportunity
Deep and liquid derivatives markets are fundamental to the development of well-functioning financial markets and healthy economies. They support lending, investment and financial stability, creating the certainty needed for economic growth. But strong derivatives markets do not emerge by chance....