ISDA, along with the Association for Financial Markets in Europe, the European Federation of Energy Traders, the Association of European Energy Exchanges and the Futures Industry Association, sent a joint letter to the European Commission’s Executive Vice-President Valdis Dombrovskis and the European Securities and Markets Authority’s (ESMA) Chairman Steven Maijoor to express their concerns in relation to the requirement for benchmark administrators to comply with additional obligations set out in the Low Carbon Benchmarks Regulation.
The letter requests ESMA to consider publishing guidance to national competent authorities, setting out its expectation that they will not prioritize their supervisory actions in relation to implementation of the obligations under the Low Carbon Benchmarks Regulation until the level 2 measures have been finalized and administrators have had the opportunity to implement the level 2 measures.
Documents (1) for Joint Associations Letter to ESMA on Climate Benchmarks
Latest
Revised Sub-Annex A to the Commodity Definitions
On April 28, 2025, ISDA published a new version of Sub-Annex A to the 2005 ISDA Commodity Definitions (Sub-Annex A). Sub-Annex A contains a list of Commodity Reference Prices (CRPs) and related terms that parties can reference in over-the-counter derivatives...
Response to FASB on KPIs for Business Entities
On April 30, ISDA submitted a response to the Financial Accounting Standards Board’s (FASB) proposal on financial key performance indicators (KPIs) for business entities. In the response, ISDA addressed the implications of KPI standardization, its potential impact on financial reporting...
Updated OTC Derivatives Compliance Calendar
ISDA has updated its global calendar of compliance deadlines and regulatory dates for the over-the-counter (OTC) derivatives space.
Response on Commodity Derivatives Markets
On April 22, ISDA and FIA submitted a joint response to the European Commission’s (EC) consultation on the functioning of commodity derivatives markets and certain aspects relating to spot energy markets. In addition to questions on position management, reporting and...