There has been progress in reaching cross-border equivalence and substituted compliance determinations – most recently, with trading venues in the EU and US – but much more remains to be done. With the final Basel capital measures set to be transposed into local regulations, the issue is likely to come to the fore once again. How can regulators and the industry solve the cross-border puzzle once and for all?
- Moderator: Scott O’Malia, Chief Executive Officer, ISDA
- Michael Davie, Global Head of Rates, LCH
- Michael Gill, Chief of Staff, Commissioner Giancarlo at U.S. Commodity Futures Trading Commission
- Kazunari Mochizuki, Director for International Financial Markets (Settlements), Japan Financial Services Agency
- Dr. Kay Swinburne MEP, Vice Chair of the Economics and Monetary Affairs Committee, European Parliament
- Petr Wagner, Finance Counselor, Delegation of the European Union to the United States
- Clare Woodman, Global Chief Operating Officer for Institutional Securities, Morgan Stanley
Latest
Raising Clients’ Awareness on Portability
Clients accessing a central counterparty (CCP) via a client clearing service provider (CCSP) for over-the-counter (OTC) and exchange-traded derivatives should consider what may happen to their positions and collateral in a scenario in which the CCSP defaults. While regulatory regimes...
Response to FCA on Ancillary Activities Test
On August 28, ISDA and FIA submitted a joint response to the Financial Conduct Authority’s (FCA) consultation paper CP25/19 on the ancillary activities test to determine if commercial users or producers of commodities that trade in commodity derivatives, emission allowances...
Stress Scenarios for CCP IM Simulators
ISDA has published a paper that explains why stress scenarios that central counterparties (CCPs) use for default fund sizing cannot be used for forward-looking initial margin (IM) simulators. Typically, stress scenarios used by CCPs consist of a single step, transitioning...
Paper on EMIR 3 Active Account Representativeness
On September 4, ISDA, the European Fund and Asset Management Association (EFAMA) and FIA shared a paper with EU policymakers requesting clarification on the implementation of the active account requirement under the third European Market Infrastructure Regulation in relation to...