ISDA AGM Studio: Sebastian ‘Benny’ Crapanzano II and Jacques Vigner

Sebastian Crapanzano, ISDA board member, global co-head of financial resources and strategy and global head of market and counterparty risk, institutional securities group, at Morgan Stanley, and Jacques Vigner, ISDA board member and chief strategic oversight officer for global markets at BNP Paribas, speak with Mark Gheerbrant, ISDA’s global head of risk and capital, about the US Basel III endgame, the viability of internal models for market risk under the Fundamental Review of the Trading Book and what more needs to be done to support a consistent, risk-sensitive capital framework.

2026 FX Definitions: Act Now

On November 22, 2027, the 2026 FX Definitions will come into effect. From that point, these definitions will become the market standard for all cleared and new non-cleared FX derivatives, and the Swift messaging service will halt its support of...