ISDA Response to European Commission Consultation on Integration of EU Capital Markets

On June 10, ISDA submitted a response to the European Commission’s (EC) consultation on the integration of EU capital markets. The consultation was launched as part of the EC’s Savings and Investment Union project. In the response, ISDA addressed themes such as:

  • Burden reduction in financial reporting and in sustainable finance disclosures.
  • Protection of the ability of EU firms to operate in global markets, under the Settlement Finality Directive, European Market Infrastructure Regulation (EMIR) and the Markets in Financial Instruments Regulation.
  • Preserving multilateral netting and collateral certainty for derivatives business where uncertainty is currently manifest in the EU framework.
  • ‘Wait and See’ as regards to more centralized EU supervision of EU central counterparties following the effectiveness of EMIR 3.
  • Less encumbered ‘no action’ powers for the European Securities and Markets Authority.

Documents (1) for ISDA Response to European Commission Consultation on Integration of EU Capital Markets

Efficiency is Vital to Delivering Resilience

With less than three months to go until implementation of US Treasury clearing begins at the end of this year, it’s critical that the mandate is safely implemented without compromising market efficiency. This represents a huge change in market structure,...

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...