Through a long comment process and years of work on the position limits rule, the CFTC was as responsive as they felt they could be to the comments and that’s positive. They got this to where it needed to be, says Ryne Miller @sullcrom @ISDAConferences
ISDA Thu 29 Oct 2020 15:53

Last panel of the day starts shortly with a look at the regulatory to-do list, including SEC security based swap dealers rule, CFTC position limits rule and prudential regulators capital and margin rules @ISDAConferences
ISDA Thu 29 Oct 2020 15:23

The next panel delves into cross-border trades, looking at the impact of the CFTC's new cross-border rules with @CreditSuisse @BankofAmerica @GoldmanSachs @CFTC @ISDA @ISDAConferences
ISDA Thu 29 Oct 2020 14:33

There are some key issues that will need to be addressed, irrespective of who wins the election: how to deal with digital assets, CCP recovery & resolution, and implementing all the regulations passed over the past 18 months, says @ChairmanHeath @ISDAConferences
ISDA Thu 29 Oct 2020 14:33

The CFTC agenda is not likely to change too much after the election, says @ChairmanHeath. Our five-year strategic plan runs until 2024 and the high-level goals are goals everyone can agree to – such as promoting the integrity, resilience and vibrancy of markets @ISDAConferences
ISDA Thu 29 Oct 2020 14:28

The CFTC has a choice - do we embrace new technology and increase our understanding, or do we fall back and say we won't allow this new tech because we can't keep up. The CFTC is embracing an innovation culture, says @ChairmanHeath @ISDAConferences
ISDA Thu 29 Oct 2020 14:23

Brexit has been top of mind, particularly in terms of systemic risk. If there is a financial stability event simply because people can’t agree on equivalence, or agree on it too late, that’s a lose-lose situation for all, says @ChairmanHeath @ISDAConferences
ISDA Thu 29 Oct 2020 14:13

We want to avoid having confusing, uncertain, overlapping and duplicative oversight of CCPs. If there are too many cooks in the kitchen, then something is going to get burned, and we can't have that for something as important as CCPs, says @ChairmanHeath @ISDAConferences
ISDA Thu 29 Oct 2020 14:13

Next up, ISDA CEO @ScottOMalia hosts a fireside chat with @ChairmanHeath of the CFTC, @ISDAConferences
ISDA Thu 29 Oct 2020 14:03

I don’t see or hear of any key legislative proposals coming directly out of something that did or didn’t happen during the COVID crisis, says Paul Thornell @MCRT_DC @ISDAConferences
ISDA Thu 29 Oct 2020 14:03

After 2008/09, the policy response was targeted at promoting financial stability of systemically imp. financial institutions. During the spring, the solvency of financial firms was not enough to ensure continued liquidity and dampen volatility, says EY's Marc Saidenberg
ISDA Thu 29 Oct 2020 13:58

There is still no consensus in the financial stability community on the lessons to be learned from the Fed intervention in March, says @nicolas_veron @ISDAConferences
ISDA Thu 29 Oct 2020 13:48

Our first panel looks at what the derivatives markets can expect from the different scenarios that might arise after the election, with Marc Saidenberg @EYnews, Paul Thornell @MCRT_DC and @nicolas_veron @ISDAConferences
ISDA Thu 29 Oct 2020 13:13

ISDA has always sought to build relationships with policy-makers at all levels. As the US faces a landmark election next week, this objective will continue whatever the outcome, says @ScottOMalia @ISDAConferences
ISDA Thu 29 Oct 2020 13:13

At the end of 2019, the 20 largest dealers held $1.1 trillion of margin for their non-cleared trades and, since 2011, internationally active banks have doubled their common equity tier-one capital to nearly €3.9 trillion, says @ScottOMalia @ISDAConferences
ISDA Thu 29 Oct 2020 13:08

The risk-based reforms of the past decade contributed to the resilience of derivatives markets during the pandemic. In the first nine months of 2020, cleared interest rate derivatives represented 91% of total traded notional in the US @ScottOMalia @ISDAConferences
ISDA Thu 29 Oct 2020 13:08

When the COVID-19 crisis escalated in March, financial markets went into tailspin, prompting monetary, fiscal and regulatory interventions, but the derivatives market continued to function and the market infrastructure remained largely unfazed, says @ScottOMalia @ISDAConferences
ISDA Thu 29 Oct 2020 13:08

Ten years on from the passage of the Dodd-Frank Act, there has been extraordinary progress in the derivatives market, and increases in capital, margin and clearing requirements have made the market more resilient, says @ScottOMalia @ISDAConferences
ISDA Thu 29 Oct 2020 13:08

ISDA’s priorities will remain consistent whatever the election outcome, says @ScottOMalia. From the implementation of margin and capital requirements to LIBOR transition, the focus will be on maintaining safe and efficient derivatives markets @ISDAConferences
ISDA Thu 29 Oct 2020 13:08

The next US administration will determine the direction of financial regulation, including capital rules, benchmark reform and sustainable finance – all important issues for the derivatives market, says @ScottOMalia @ISDAConferences
ISDA Thu 29 Oct 2020 13:08

ISDA’s US Public Policy Conference kicks off shortly with opening remarks from @ScottOMalia. Grab a coffee and log on to get the latest updates on US regulation and the impact of next week’s election on derivatives markets @ISDAConferences
ISDA Thu 29 Oct 2020 13:03

“The implementation of fallbacks for derivatives will go a long way to mitigating the systemic risk that could occur following the disappearance of #LIBOR or another key IBOR”, said ISDA CEO @ScottOMalia
ISDA Fri 23 Oct 2020 14:33

At launch, 257 #derivatives market participants had adhered to the #IBOR #Fallbacks Protocol during the two-week pre-launch ‘escrow period’
ISDA Fri 23 Oct 2020 14:33

The protocol will enable firms to incorporate the revisions into their legacy non-cleared derivatives trades with other counterparties that choose to adhere to the protocol, which is open from today and will become effective on the same date as the supplement
ISDA Fri 23 Oct 2020 14:33

“We strongly believe that new #technologies will bring substantial benefits to derivatives markets, but it is important the legal treatment of derivatives traded on DLT platforms is examined and understood as clearly as possible” says Katherine Tew Darras, General Counsel at ISDA
ISDA Wed 21 Oct 2020 13:46