ISDA recently published the ISDA 2018 US Resolution Stay Protocol to help market participants comply with stay regulations issued in the US by the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency. The regulations require global systemically important banks to include contractual stays on early termination rights in qualified financial contracts.
Today, ISDA published a webinar in Japanese explaining the US Resolution Stay Protocol and related regulations. The webinar is intended to educate market participants who may need to adhere to the protocol in order to comply with the regulations.
Adherence to the US Resolution Stay Protocol is open to ISDA members and non-members. Please visit the Protocols section of the ISDA website to view the protocol, the current list of adhering firms, frequently-asked-questions and other background materials.
For asset managers and other agents that need to provide information about underlying principals using an electronic platform, the US Resolution Stay Protocol will be available on ISDA Amend, a joint offering developed by ISDA and IHS Markit, later in 2018. Further information on ISDA Amend, including presentations, documentation and audio playback, is available on the ISDA Amend website.
Watch: ISDA 2018 US Resolution Stay Protocol: An Introductory Webinar in Japanese
Latest
Response to BoE on Clearing Exemption for PTRR
On March 11, ISDA submitted a response to the Bank of England’s consultation on a proposed approach to exempting post-trade risk reduction (PTRR) transactions from the derivatives clearing obligation under Article 4 of the European Market Infrastructure Regulation (EMIR). ISDA...
IQ Interview with David Bailey
The Bank of England’s Prudential Regulation Authority recently finalized its Basel 3.1 framework for implementation at the start of 2027. David Bailey, executive director for prudential policy, talks to IQ about the importance of global consistency and the need to...
LSEG's TradeAgent Integrates ISDA DRR
ISDA has announced that LSEG has integrated ISDA’s Digital Regulatory Reporting (DRR) solution into its Post Trade Solutions business, TradeAgent, representing a significant milestone in the industry deployment of the ISDA DRR. The ISDA DRR converts an industry-agreed interpretation of...
Global FX Derivatives Market Overview
Global FX derivatives average daily turnover reached $6.6 trillion in April 2025, roughly double its level in April 2013. While FX swaps remain the largest segment in absolute terms, recent growth has been driven by outright forwards and FX options,...