ISDA Support for the Bank Recovery and Resolution Directive (BRRD)

The International Swaps and Derivatives Association (ISDA) – committed to promoting development of sound risk management practices on international financial
markets closely relying on adequate legal and regulatory treatment of over-the-counter (OTC) derivatives transactions – is dedicated to offer all possible assistance to
Romanian market participants with regard to improving the current legal framework for derivatives in Romania. This initiative is in line with ISDA’s mission to facilitate
statutory support for OTC derivatives, the legal enforceability of standard market documentation such as the ISDA Master Agreement and Credit Support Documents, and thereby foster greater harmonization of international and European standards in order to cope with difficult market conditions.

Documents (2) for ISDA Support for the Bank Recovery and Resolution Directive (BRRD)

Response to BoE on Systemic Stablecoins

On February 10, ISDA responded to the Bank of England’s (BoE) consultation on a proposed regulatory regime for sterling-denominated systemic stablecoins. In the response, ISDA highlights that any regulatory framework should be assessed through the lens of prudent risk management...

SwapsInfo Full Year 2025 and Q4 2025

Trading activity in interest rate derivatives (IRD) and credit derivatives increased in 2025, reflecting shifting monetary policy expectations and broader market conditions. IRD traded notional rose by about 46% year-on-year, led by an increase in overnight index swaps (OIS). Index...

Maintaining Focus on Basel III Endgame Recalibration

In its original form, the US Basel III endgame proposal would have resulted in disproportionate increases in capital for trading book activities, forcing banks to make difficult choices about their participation in certain businesses. After two-and-a-half years, a revised proposal...