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
Sydney DTF: Scott O'Malia Opening Remarks
ISDA/AFMA Sydney Derivatives Trading Forum October 26, 2026 Opening Remarks Scott O’Malia ISDA Chief Executive Good morning, and welcome to the ISDA and AFMA Derivatives Trading Forum. Thanks for joining us today, and a big thank you to our...
ISDA Publishes FpML Version 5.14
ISDA has published a new version of its Financial products Markup Language (FpML), a widely used open-source standard for the electronic dealing and processing of derivatives transactions. The latest iteration – version 5.14 – incorporates several key modifications and updates...
Accounting for Tokenized Assets as Collateral
The use of tokenized assets as collateral for derivatives and securities financing transactions (SFTs) is emerging as a significant development in global capital markets. Financial institutions are increasingly evaluating tokenized representations of money market funds, government securities and other high-quality...
US Treasury Repo Clearing Indicator September 2026
The ISDA-Actrix US Treasury Repo Market Clearing Indicators 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, a key objective of the Securities...