On May 22, ISDA, the Global Financial Markets Association (GFMA) and the Institute of International Finance (IIF) submitted a letter to the Trading Book Group (TBG) of the Basel Committee on Banking Supervision (BCBS) to express industry concerns regarding the proposed timeline for running an industry-wide quantitative impact study (QIS) on firms’ actual portfolios, in support of the Fundamental Review of the Trading Book (FRTB). ISDA, GFMA and IIF propose an implementation framework and additional steps before the launch of a firm-wide QIS.
Documents (1) for ISDA/GFMA/IIF letter to the BCBS’s TBG on the timeline for a firm-wide QIS in support of the FRTB
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ISDA, GFXD Response to FCA on SI Regime
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On September 12, ISDA and the Institute of International Finance (IIF) submitted a joint response to the Prudential Regulation Authority’s (PRA) consultation on adjustments to the market risk capital framework (CP 17/25). ISDA and the IIF strongly believe the market...
ISDA Response on Clearing Costs
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ISDA Response on Margin Transparency
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