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)
Latest
ISDA In Review – June 2025
A compendium of links to new documents, research papers, press releases and comment letters published by ISDA in June 2025.
ISDA Presents Lock-Up Agreement Proposal
ISDA is pleased to present the proposed Lock-Up Agreements and CDS – Proposed Auction Solution. “Lock-Up Agreements” are market-wide arrangements, broadly standardized and predominantly integrated with court sanctioned restructuring or bankruptcy processes. Numerous end users will sign material Lock-Up Agreements...
Key Trends in OTC Derivatives Market H2 2024
The latest data from the Bank for International Settlements (BIS) over-the-counter (OTC) derivatives statistics shows a modest increase in notional outstanding during the second half of 2024 compared to the same period in 2023. Notional outstanding for interest rate, foreign...
Request to Extend Relief on No-Action Letter 22-18
On July 3, ISDA requested to extend the relief under the Commodity Futures Trading Commission's (CFTC) no-action letter No. 22-18. ISDA requests that the relief is extended until further action by the CFTC resolves the overlapping and contradictory reporting obligations...