International Swaps and Derivatives Association (Isda)
Standard CSA: Industry's solution to novation bottleneck gets nearer
New CSA, new challenge
New standard CSA could be rolled out in Q2 2012
An implementation plan for the new standard CSA is set to be reviewed by the Isda board in September, with a first-phase roll-out expected as early as the second quarter of 2012
CFTC's Sommers: Blocking FIA-Isda document was "huge waste of resources"
A proposal prohibiting an Isda-FIA clearing document highlights rift within CFTC, with Republican appointees claiming they were kept in the dark
The push to a new CSA standard
Disputes over the valuation of trades backed by multi-currency credit support annex (CSA) agreements – in other words, those that allow counterparties to post collateral in multiple currencies and assets – has pushed the industry to develop a new…
Wave of new regulation brings inconsistencies and loopholes
Divergent paths
Risk head leaves Isda
David Murphy leaves Isda, to be replaced on an interim basis by Peter Sime, the association's recently appointed head of research
CME, Ice to launch repositories rivalling the DTCC
Banks have picked the DTCC to build a series of new derivatives repositories, but overlooked rivals CME and Ice vow to fight on
Basel III charge could spur interest in CCDS
Development of CCDS could be pushed ahead by Basel III CVA charge, suggest market participants
Foreign banks get temporary respite from China’s new ‘Volcker rule’
Foreign banks in China, particularly thinly capitalised branches that are not locally incorporated in the country, greeted a decision by China’s banking regulator to postpone rules aimed at limiting non-hedging business onshore with relief this month…
New Isda equity definitions to 'stand the test of time', lawyers claim
Participants say long, difficult talks will set stage for standardisation and central clearing
Collateral transformation needs to be carefully planned by clearing members, says Isda’s O’Connor
In an exclusive video interview, Isda chairman Stephen O’Connor says there is a finite capacity for clearing members to provide collateral transformation services to their clients
Boon to US leverage ratios as FASB ditches netting proposals
Derivatives accounting proposals abandoned to relief of dealers - but move deals a blow to hopes of convergence between US standards and IASB
JAC reaffirms retail structured products principles with bigger committee
JAC reaffirms retail structured products principles with bigger committee
Half of interest rate swaps now being cleared, says Isda
$601 trillion notional OTC figure reduced to $0.9 trillion gross value after netting, collateral
Isda chairman: US banks could be hamstrung by Dodd-Frank
Isda chairman warns House Committee on Agriculture that extraterritorial application of swaps proposals could make US banks less competitive
Worry about Greek CDS misguided, dealers suggest
Dealers believe fears about Greek sovereign CDS trigger event are overplayed
Isda elects new chairman
Isda elects new chairman
Isda's Pickel addresses friction between rules and commitments
Speaking in a video interview, Isda executive vice-chairman Robert Pickel said regulators are aware that inconsistencies could emerge between legislative requirements and Fed letter commitments
Banks will pass on regulatory costs of derivatives transactions to clients, says Shirvani
Outgoing Isda chairman Eraj Shirvani spoke to Risk's deputy editor Duncan Wood about how derivatives operations, and end-users, will have to adapt to the impact of new rules
Video: Industry executives consider future of derivatives market
Isda's Conrad Voldstad, along with Credit Suisse's Eraj Shirvani and Stephen O'Connor of Morgan Stanley discuss the near future for the derivatives industry
Stephen O'Connor elected new chair of Isda
Morgan Stanley's global head of OTC client clearing takes the helm
Isda AGM: industry fears post-trade transparency effects
Panellists discussed the blow-back the proposed 15-minute block-trade rule could have for end-users, as well as real-time trade transparency regulatory co-ordination