The Interest Rates Steering Committee (IRSC) is one of ISDA’s Product Steering Groups comprised of both dealers and buy-side firms with representation from senior business leads at each institution. The IRSC is the governing body which meets to discuss issues affecting the business and practice of interest rate derivatives trading. This group is responsible for providing business leadership on the evolution of the asset class and ensuring appropriate levels of product standardisation are achieved; working with operational groups to coordinate the collective industry infrastructure initiatives to meet regulatory and business requirements and providing asset class expertise for ISDA’s advocacy agenda.