Scott O’Malia, ISDA’s chief executive officer, provides insights into how improving consistency within reporting will allow greater transparency for derivatives trading.
Trade association highlights close-out netting as the most critical legal issue that needs addressing, while also pinpointing risk governance and management as areas to improve.
The Futures and Derivatives Law creates potential for a huge new market – but means transactions with Chinese entities are likely to lose their UMR exemption, less than a month ahead of the final deadline.
Scott O’Malia, ISDA CEO, provides additional insight into the firm’s position on proposed changes to post-trade deferrals regime.
Trade bodies say the current settlement discipline provisions under CSDR have not been drafted with derivatives transactions in mind and call for a revision.
The crypto-native liquidity provider becomes the first principal-at-risk crypto trading firm to become a primary member.
Swaps and derivatives association welcomed the CFTC’s earlier offered relief but said changes including the implementation of ISO 20022 could result in further overhauls.
ISDA and the IIGCC have suggested the regulator reconsider labels used for sustainable products, including fewer binary distinctions, and taking a principles-based approach.
Lobbyists highlight concerns around the market impact of simultaneous close-out of positions at UK CCPs, market fragmentation and lack of liquidity at EU CCPs, and increased costs.
AFME, ISDA and ISLA among trade bodies to deliver the concise message of delay the settlement discipline regime.