ISDA Response to PRA Consultation Paper CP8/16

The International Swaps and Derivatives Association, Inc. (ISDA) is grateful for the opportunity to provide feedback on the Prudential Regulation Authority (the PRA) consultation paper on the contractual recognition of bail-in: amendments to Prudential Regulation Authority rules published in March 2016 (the Consultation). ISDA’s response is primarily focused on the impact on derivatives markets.

Documents (1) for ISDA Response to PRA Consultation Paper CP8/16

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...

IRRBB Management in EMDEs

Interest rate risk in the banking book (IRRBB) has become a growing priority for banks and regulators in emerging market and developing economies (EMDEs). As many of these countries face monetary tightening cycles and ongoing macroeconomic volatility, bank balance sheets...

Response to CPMI-IOSCO on Consultation

On February 5, ISDA and FIA responded to the Committee on Payments and Market Infrastructures (CPMI) and International Organization of Securities Commissions (IOSCO) consultation on the management of general business risks and general business losses by financial market infrastructures (FMIs)....