Response to FCA Quarterly Consultation 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 UK EMIR Trade Repository reporting requirements’, which includes the addition of the field ‘Execution Agent’ to table 3 of the EMIR message template, and to correct a typo in Article 8(5) of the EMIR technical standards. In the response, ISDA supports these proposed changes, although with some minor modifications to be made to the new validation rules.

Subject to consultation feedback, the FCA intend to implement the changes proposed in chapter 5 of CP25/16 on December 1, 2025.

Documents (1) for Response to FCA Quarterly Consultation on UK EMIR Reporting

SwapsInfo Full Year 2025 and Q4 2025

Trading activity in interest rate derivatives (IRD) and credit derivatives increased in 2025, reflecting shifting monetary policy expectations and broader market conditions. IRD traded notional rose by about 46% year-on-year, led by an increase in overnight index swaps (OIS). Index...

Maintaining Focus on Basel III Endgame Recalibration

In its original form, the US Basel III endgame proposal would have resulted in disproportionate increases in capital for trading book activities, forcing banks to make difficult choices about their participation in certain businesses. After two-and-a-half years, a revised proposal...

IRRBB Management in EMDEs

Interest rate risk in the banking book (IRRBB) has become a growing priority for banks and regulators in emerging market and developing economies (EMDEs). As many of these countries face monetary tightening cycles and ongoing macroeconomic volatility, bank balance sheets...