On January 7, 2022, ISDA submitted a response to the Financial Conduct Authority’s (FCA) discussion paper on sustainability disclosure requirements and investment labels, which sets out criteria that could underpin a UK environmental, social and governance labelling system, as well as a minimum criteria for responsible or sustainable funds. In the response, ISDA highlights the role of derivatives in sustainable investing and their key role in achieving the goals outlined by the UK government in its green finance strategy. ISDA encourages the FCA to consider a principles-based approach to setting sustainability disclosure requirements and investment labels and advocates for the exclusion of derivatives traded on recognized investment exchanges from the proposed labelling regime.
Documents (1) for ISDA Responds to FCA on Sustainability Disclosure Discussion Paper
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Response on Proposed Changes to Transaction Rules
On May 22, ISDA and the Global Foreign Exchange Division (GFXD) of the Global Financial Markets Association submitted a joint response to the Australian Securities and Investments Commission's (ASIC) consultation on proposed changes to the ASIC Derivative Transaction Rules (Reporting)...
EBA FRTB-ASA Benchmarking Support for Newly In-scope Banks
A new regulatory requirement is expected to bring additional EU banks into scope for submitting Fundamental Review of the Trading Book (FRTB) Alternative Standardized Approach (ASA) capital as part of the European Banking Authority’s (EBA) benchmarking exercise. ISDA Capital Models...
Joint Letter on Sunset of Swaps TR Rules
On May 20, ISDA, FIA and the Securities Industry and Financial Markets Association (SIFMA) submitted a joint letter to US Commodity Futures Trading Commission (CFTC) to request the CFTC to sunset large trader reporting rules (LTR) rules for physical commodity...
ISDA, SIFMA Letter on SEC-CFTC Harmonization
On May 19, ISDA and the Securities Industry and Financial Markets Association (SIFMA) submitted a joint letter to the US Securities and Exchange Commission (SEC) and the US Commodity Futures Trading Commission (CFTC) on SEC and CFTC harmonization, as part...