ISDA and the Association for Financial Markets in Europe (AFME) have responded to the European Commission’s (EC) consultation on the draft legal text of the upcoming market risk delegated act.
The associations welcome the ongoing efforts to address the implementation of the market risk standard and the commitment to ensure a level playing field and consistency in the content of the rules.
In the EU, the delegated act process has been the main tool to address implementation issues with the Fundamental Review of the Trading Book (FRTB) and ISDA welcomes the dual approach to introduce temporary and targeted changes and the use of a multiplier for market risk capital requirements for firms negatively impacted by FRTB implementation.
However, there are elements that need to be further clarified ahead of implementation, including the boundary and the output floor treatment, which are included in the response.
Documents (1) for ISDA, AFME Respond to EC on Market Risk Delegated Act
Latest
ISDA Publishes ISDA SIMM® Methodology, Version 2.8+2512
Following the 2026 primary calibration exercise, ISDA is pleased to publish SIMM® version 2.8+2512. This version of the ISDA SIMM has updates that are based on the full recalibration of the model using historical data up to 31 December 2025....
ISDA Treasury Forum: Scott O'Malia Opening Remarks
ISDA Treasury Forum June 11, 2026 Opening Remarks Scott O’Malia, ISDA CEO Hello and welcome to the ISDA Treasury Forum. I’d like to start by thanking CME Group for working with us once again to make this event happen...
Launch of US Treasury Repo Market Indicators
ISDA has launched the ISDA-Actrix US Treasury Repo Market Clearing Indicators in collaboration with Actrix. The indicators illustrate central clearing adoption in the US Treasury repo market. Sponsored cleared repo volumes are used as a proxy to monitor client participation...
ISDA-Actrix US Treasury Clearing Indicators
This report provides indicators that illustrate central clearing adoption in the US Treasury repo market. Sponsored cleared repo volumes are used as a proxy to monitor client participation in central clearing, the key objective of the Securities and Exchange Commission's...