We assessed the situation and carried out a detailed analysis. In our view, continuing applying the DTO after the end of the transition period does not represent a financial stability risk, says Fabrizio Planta @ESMAComms
ISDA Wed 02 Dec 2020 13:21

Brexit will impact the functioning of markets and will inevitably result in fragmentation. While unfortunate, this is an unavoidable consequence of the UK's decision to leave the EU, says Fabrizio Planta @ESMAComms @ISDAConferences
ISDA Wed 02 Dec 2020 13:21

ISDA welcomes Fabrizio Planta, head of markets and data reporting department @ESMAComms, to deliver a keynote address @ISDAConferences
ISDA Wed 02 Dec 2020 13:11

In the longer term, ISDA will work to ensure market participants have the necessary tools, solutions and documentation to continue to operate efficiently in the post-Brexit world, says @ScottOMalia @ISDAConferences
ISDA Wed 02 Dec 2020 13:11

It is also critical that complying with IBOR reforms and the EU requirement to incorporate fallbacks across all derivatives asset classes does not mean pre-EMIR contracts become subject to EMIR clearing and margining requirements, says @ScottOMalia
ISDA Wed 02 Dec 2020 13:11

Allowing the current transition period for third-country benchmarks to expire at the end of 2021 without wholesale reform would adversely affect the ability of European companies to compete in the global market. The recent proposal to extend to end-2023 is welcome @ScottOMalia
ISDA Wed 02 Dec 2020 13:11

However, the third-country benchmarks regime remains a source of concern as equivalence covers only a handful of benchmarks. The other two qualification routes (endorsement and recognition) are difficult, costly and unattractive, says @ScottOMalia @ISDAConferences
ISDA Wed 02 Dec 2020 13:11

ISDA strongly supports the wholesale review of the EU Benchmarks Regulation as a means of achieving a more robust, proportionate and effective regulatory regime for benchmarks used in the EU
ISDA Wed 02 Dec 2020 13:11

Despite progress on clearing, concerns remain about the lack of equivalence for trading venues. With no agreement in place, UK and EU firms will be unable to use trading venues in the other jurisdiction for contracts within scope of their DTOs, says @ScottOMalia @ISDAConferences
ISDA Wed 02 Dec 2020 13:06

By far the best way of ensuring continuity of cross-border trading is through equivalence determinations, enabling mutual recognition of the regulatory regimes in two jurisdictions, says @ScottOMalia @ISDAConferences
ISDA Wed 02 Dec 2020 13:06

The road to #Brexit has been long and complex, but ISDA has consistently made the case for continuity of cross-border #derivatives trading and it will remain our objective in the final phase of the UK’s withdrawal, says @ScottOMalia @ISDAConferences
ISDA Wed 02 Dec 2020 13:06

Registered for ISDA’s European Public Policy virtual conference today? Time to log in as we’ll be starting soon with opening remarks from ISDA CEO @ScottOMalia @ISDAConferences
ISDA Wed 02 Dec 2020 13:01

In November, ISDA launched its new #podcast The Swap. Want to listen to the first 4 episodes? Want to find out what new documents, research papers, press releases & comment letters ISDA published last month? Click here for the November ISDA In Review Link https://t.co/Dpkaib77wL
ISDA Tue 01 Dec 2020 19:50

The end of 2020 is fast approaching! Find out what #compliance deadlines and #regulatory dates for the over-the-counter (OTC) #derivatives space you should be aware of for December and throughout 2021 in ISDA's updated #global calendar: Link https://t.co/nXI8jBVzdP
ISDA Tue 01 Dec 2020 14:25

RT @ESMAComms: #ESMA welcomes @ISDA's launch of the 2020 IBOR Fallbacks Protocol and Supplement and encourages market participants to adher…
ISDA Fri 27 Nov 2020 13:16

ISDA and its initial margin (IM) dispute processing working group has published suggested operating practice that can be used by firms subject to phases 5 & 6 of the #margin requirements for non-cleared #derivatives to establish an #IM dispute program
ISDA Tue 24 Nov 2020 17:28

RT @EFAMANews: #EFAMA with 12 trade associations support request to extend the #EUBenchmarksRegulation third country benchmarks regime tran…
ISDA Sat 21 Nov 2020 11:15

RT @FinRegPhilip: When Covid triggered volatility in March, it drove bank trading book capital requirements through the roof, potentially f…
ISDA Sat 21 Nov 2020 11:15

RT @FinStbBoard: FSB publishes progress report on implementation of reforms to major interest rate benchmarks. Market participants need to…
ISDA Fri 20 Nov 2020 13:14

That’s all for today, thank you to all of our speakers and attendees at this Trading Book Capital virtual event, and thanks to our sponsor @EYnews @ISDAConferences
ISDA Thu 19 Nov 2020 16:58

It’s a big change and there’s a big IT build for banks that has to occur, that’s clear. It’s a fundamental review of the trading book and there are fundamental changes that have to occur, says David Lynch @federalreserve @ISDAConferences
ISDA Thu 19 Nov 2020 16:48

We are committed to implementing the Basel deadline as stated and shooting for January 2023. Some disruption could occur that could make it necessary to push that back but we have no plans for that at this time - we just have to remain flexible, says David Lynch @federalreserve
ISDA Thu 19 Nov 2020 16:48

We have to be prepared for uncertainty and act in time of need, but for the time being, the consensus is that there is no need for further relief measures, says Frédéric Hervo from France's @ACPR_actu @ISDAConferences
ISDA Thu 19 Nov 2020 16:33

If we had had FRTB fully in place during March then the capacity for banks to continue market making would been damaged much more substantially, says Veronique Ormezzano @bnpparibas @ISDAConferences
ISDA Thu 19 Nov 2020 16:28

There is a wide variety of abilities to adjust policies across different regulators. Some regulators had the flexibility to act very simply and others felt fairly constrained where they couldn’t take the actions they needed to during the crisis, says David Lynch @federalreserve
ISDA Thu 19 Nov 2020 16:18