ISDA Responds to UK Government on Green Finance Strategy

On June 22, ISDA responded to the UK government’s call for evidence on its green finance strategy. In its response, ISDA focused on three main areas: clarifying the role of derivatives in sustainable investing; highlighting the importance of legal certainty in the treatment of carbon credits under English law; and recommending that taxonomy-aligned key performance indicators applied to credit institutions such as the green asset ratio, as foreseen under the EU’s taxonomy framework, should not be considered in the context of the UK’s green finance strategy as they would negatively impact derivatives dealers.

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Eyeing the Basel III Finish Line

An effective regulatory capital framework relies on multiple ingredients, from appropriate drafting to rigorous testing and consultation. Even minor calibration distortions can inflate capital requirements, which could negatively affect the capacity of banks to support deep and liquid markets, with...

Joint Comment Letter on Basel III Endgame Proposal

The Institute of International Finance (IIF), the International Swaps and Derivatives Association, Inc. (ISDA) and the Securities Industry and Financial Markets Association (SIFMA) today submitted a joint comment letter to the Board of Governors of the Federal Reserve System, the...