Derivatives trading advocate the International Swaps and Derivatives Association (ISDA) has launched a symbology project intended to provide an industry-wide, open-source standard to help all derivatives facilities such as trading venues, clearinghouses, repositories and other infrastructures meet regulatory needs. The new industry data project is charged with developing an open-source standard derivatives product identification system… Read More >>
ISDA Updates FpML to Ease Regulatory Reporting
The International Swaps and Derivatives Association (ISDA) has published its recommendation for the XML-based programming language it manages, the Financial products Markup Language (FpML), and version 5.8 adds coverage for more instruments and aims to ease some regulatory reporting burdens. ISDA and derivatives industry participants oversee FpML’s development, and the new version took roughly a… Read More >>
ISDA Endorses Semiannual Single-Name Credit Default Swaps
Derivatives industry group the International Swaps and Derivatives Association (ISDA) is officially urging that the single-name (single company) credit default swap (CDS) roll protocol frequency be changed from a quarterly to a semiannual basis, officials say. In a prepared statement, ISDA officials say the change is in response to market feedback and is aimed at… Read More >>
ISDA Seeks Bidders for Crowdsourcing SIMM Utility
The International Swaps and Derivatives Association, Inc. (ISDA) reports that it has launched a tender process to select a third-party to build and operate a crowdsourcing utility for the ISDA standard initial margin model (SIMM). The utility is meant to “aggregate and compile risk data,” so that market participants can implement the ISDA SIMM “consistently,” ISDA… Read More >>
ISDA Service to Offer EMIR Clearing Tool
The International Swaps and Derivatives Association (ISDA) and Markit, a London-based provider of financial information services, report the launch of the European Market Infrastructure Regulation (EMIR) clearing classification tool on ISDA Amend, the ISDA and Markit online service that facilitates compliance with “certain EMIR and other regulatory requirements.” Specifically, the tool “enables derivatives users to… Read More >>
ISDA: Regulatory Mismatch Fragments Liquidity for Derivatives
Global derivatives markets are continuing to fragment into U.S. and non-U.S. pools of liquidity, according to a new report by the International Swaps and Derivatives Association, the latest effort in an ongoing campaign by ISDA to call attention to the issue. The report, “Cross-Broder Fragmentation of Global Derivatives: End-Year 2014 Update,” says the fragmentation of… Read More >>
ISDA Adds Two to Board of Directors
The International Swaps and Derivatives Association (ISDA) has added two new directors and re-elected 10 members to its board of directors, ISDA officials say. The two new directors are: Yasunobu Arima, general manager, Global Markets Planning Division, The Bank of Tokyo-Mitsubishi UFJ, Ltd (BTMU); And Sam Skerry, global head of structured products and IST commercial… Read More >>
ISDA Fills Out Determinations Committees
The International Swaps and Derivatives Association (ISDA) has announced the members of its five regional Determinations Committees (DCs), which comprise the global decision-making structure around events in the credit default swap (CDS) industry, according to ISDA. “The DC process was set up as part of a series of measures to make the credit derivatives market… Read More >>
Firms Stung by Costly Trade Reporting
Financial services firms and market participants affected by derivatives trade reporting requirements are finding it difficult – and increasingly costly – to cope with the regulations, according to a new white paper from business and technology services and solutions vendor Sapient Global Markets. In “The Rising Cost of Trade Reporting: Can Firms Afford to Stay… Read More >>
ISDA Confronts OTC Trade Reporting Mess
Market participants and regulators are still getting the hang of navigating and policing the newly-minted landscape for over-the-counter derivatives that’s come out of the sweeping post-crisis reforms. So, it makes sense that there are still quite a few wrinkles to iron out, even as new regulatory rules continue to come online. One particular area that’s… Read More >>
