On July 15, ISDA submitted a response to the European Commission’s (EC) consultation on its Renewed Sustainable Finance Strategy. ISDA provided responses either in standalone form and/or in coordination with the Association for Financial Markets in Europe (AFME) to Questions 3, 7, 15, 18, 29, 30, 33, 34 36, 39, 52, 53 and 88, which are of relevance from a derivatives perspective. In relation to prudential aspects of the consultation, ISDA endorsed AFME’s responses to Questions 84, 85, 88, 89, while refraining from commenting on the possible creation of a ‘brown taxonomy’. The answers provided to all other questions set out in the response are endorsing AFME’s respective positions. The EC plans to adopt the Renewed Sustainable Finance Strategy by the end of 2020.
Documents (1) for ISDA Publishes Response to European Commission Consultation on the Renewed Sustainable Finance Strategy
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Joint Response to EBA Consultation
On August 12, ISDA and the Association for Financial Markets in Europe (AFME) responded to the European Banking Authority’s discussion paper on certain taxonomy key performance indicators (KPIs) and other aspects of the Disclosures Delegated Act under Article 8 of...
Response to JSCC on Clearing Fund Consolidation
On August 12, ISDA responded to the Japan Securities Clearing Corporation’s (JSCC) consultation on its proposal to consolidate clearing fund consumption, calculation and deposit segmentation across six clearing qualifications under the Financial Instruments and Exchange Act. ISDA members broadly support...
Response on CSDD Guidelines
On August 6, ISDA responded to the European Commission’s (EC) consultation on due diligence guidelines under the Corporate Sustainability Due Diligence Directive (CSDDD). While ISDA acknowledges that model contractual clauses can be a helpful resource for in-scope companies, there are...
Response to BoE on Extension of Settlement Hours
On August 6, ISDA responded to the Bank of England’s (BoE) consultation paper on the extension of settlement hours for RTGS and CHAPS, the UK’s high-value payment system. ISDA supports the BoE’s plan to extend RTGS and CHAPS settlement hours...