Topic: ISDA

EU plans to exclude banks from emission trading based on “unsubstantiated” claims, industry groups say

A group of industry bodies have raised the alarm over recent proposals in the European Parliament for reforms that would limit participation in the EU’s carbon emissions trading market, saying they would harm companies risk management, market liquidity, and increase capital needs.

22 September 2022

China enacts “historic” futures and derivatives law

China has enacted its first “fundamental” futures and derivatives statute, making it a clean netting jurisdiction for the first time – but there are fears its new status could run its firms up against a rapidly-approaching global deadline.

03 August 2022

“Use your ingenuity to solve regulatory problems”, IOSCO official tells crypto platforms at ISDA event

A senior official at the global securities regulators’ association has said that crypto asset firms rejecting traditional methods of financial regulation should “use their ingenuity” and present regulators with tailored proposals that maintain a similar standard.

16 May 2022

Libor: the final countdown

With the end of most Libor tenors now only weeks away, the International Swaps and Derivatives Association, US Securities and Exchange Committee, the International Islamic Financial Market and Financial Accounting Standards Board are all announcing new measures to address the transition.

16 December 2021

Bank inhousers back voluntary carbon market at ISDA event

In-housers at Citi and Deutsche Bank have urged rapid regulation of the voluntary carbon market in the run-up to COP26 at an ISDA event in London, saying that it’s the only way to avoid greenwashing’s “kiss of death” – but they don’t want that regulation to come from government.

27 October 2021

Tighten up ESG-linked derivatives to avoid greenwashing, ISDA urges

Trade organisation ISDA has called for reform in the ESG-friendly investment sector, calling on market participants to adopt quantitative key performance indicators to verify that sustainability-linked derivatives meet their stated goals.

15 September 2021

ISDA consults on Libor swap rate fallbacks, SEC chair Gensler warns against Bloomberg alternative

The International Swaps and Derivatives Association has asked market participants to provide feedback on fallback frameworks for US dollar and sterling Libor swap rates, while SEC chair Gary Gensler warned firms against switching to Bloomberg’s BSBY rate as a replacement due to “a heck of an economic incentive to manipulate it”.

14 June 2021

FCA extends crypto registration deadline amid money laundering concerns

The UK’s Financial Conduct Authority has extended the temporary registration deadline for cryptoasset businesses, after the majority of applicants failed to meet anti-money laundering standards.

04 June 2021

Euroyen Tibor administrator proposes 2024 end-date

The administrator of Japanese benchmark Tibor has proposed halting publication of the benchmark for offshore yen deposits in 2024, while UK regulators have instructed local firms to stop including Libor in new derivatives contracts.

30 March 2021

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