On March 26, ISDA and the Association for Financial Markets in Europe submitted a joint response to the European Banking Authority’s (EBA) consultation on implementing technical standards for the 2025 internal models benchmarking exercise. The industry is cognizant of significantly reduced participation in internal models approach benchmarking after implementation of the Fundamental Review of the Trading Book, based on expectations for model applications. The number of firms taking part overall, as well as the number of firms submitting data for specific portfolios, could be lower than the number required to support a meaningful benchmarking exercise. In the response, several issues are identified with the specification of instruments, and it is recommended these specifications are amended to provide greater clarity in the booking of these instruments.
Documents (1) for ISDA Response to EBA on Internal Models Benchmarking
Latest
Updated OTC Derivatives Compliance Calendar
ISDA has updated its global calendar of compliance deadlines and regulatory dates for the over-the-counter (OTC) derivatives space.
Episode 60: Modelling Margin
The ISDA Standard Initial Margin Model has proved to be one of the most consequential industry models ever developed. The Swap talks with two industry veterans involved in its development. Please view this page via Chrome to access the recording.
ISDA Wins Digital Solution of the Year Award
ISDA has won Digital Solution of the Year at the GlobalCapital Global Derivatives Awards 2026 for the ISDA Digital Regulatory Reporting (DRR) initiative and the ISDA Notices Hub. The award recognizes ISDA’s continued work to develop mutualized digital solutions that...
ISDA Launches Digital Emissions Definitions
ISDA has launched a natively digital version of its documentation for emissions allowance transactions, enabling the framework to be updated more efficiently as emissions trading systems (ETSs) evolve. The 2026 ISDA Emissions Transactions Definitions provide standardized documentation for physically settled...