ISDA Response to FCA and PRA on Margining Requirements

On June 20, ISDA responded to a joint Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) consultation, welcoming their proposal to indefinitely exempt single stock equity options and index options from the UK bilateral margining requirements. ISDA also welcomed two other proposals by the regulators to reduce the burden of the bilateral margining regime in the UK.

Documents (1) for ISDA Response to FCA and PRA on Margining Requirements

A Path to Greater CFTC-SEC Alignment

Earlier this week, the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) held a roundtable on regulatory harmonization – an initiative we wholeheartedly support. The US regulatory framework has evolved over time to facilitate financial markets...

Working Towards Tokenized Collateral

One of the lessons learned from recent market shocks – including the 2020 dash for cash and the UK gilt market crisis in 2022 – is that when volatility strikes and market participants must suddenly generate large amounts of cash...

IQ Interview Yazeed Alnafjan

ISDA published new legal opinions in June that recognise the enforceability of close-out netting in Saudi Arabia under regulations published by the Saudi Central Bank earlier this year. In this interview with IQ, Yazeed Alnafjan, the central bank’s deputy governor...