International Swaps and Derivatives Association (Isda)
Asia to follow US on clearing amid fears about hedging costs for exporters
Asian banks likely to opt for harmonised OTC clearing approach with the US and expect higher hedging costs for corporates
Rules and regulation take centre stage at Asia Risk Congress 2010
Rules and regulations
European Commission floats concept of investment bans in latest Mifid consultation
The European Commission has produced a consultation paper that suggests a basis for banning certain investments, with structured products making their usual appearance in the limelight
Exchanges urge US to keep forex swaps and forwards under Dodd-Frank
The World Federation of Exchanges has urged US Treasury secretary Tim Geithner to keep forex derivatives under Dodd-Frank to block banks from using the exception for interest rate derivatives transactions. But a senior Westpac banker and rival trade…
Major players show support for California carbon trading
First California Carbon Allowance forward underlines US interest in trading, contract standards to evolve as activity increases
Asia Risk Congress 2010: Asian banks prepare for national clearing houses
Several Asian nations could compel their banks to clear swaps in-country - others seek to join foreign CCPs on special terms
The future of the Fed letter commitments
Changing commitments
Isda guidelines seek to end OTC settlement breaks
Derivatives guidelines aim for pre-settlement confirmation, simplified compensation claim structure
Global OTC derivatives widely dispersed, Isda survey finds
Five largest US-based dealers hold 37% of total notional, trade association says
Pre-trade price transparency in IRS satisfactory – Isda survey
Current levels of pre-trade price transparency in interest rate swaps (IRS) are acceptable, according to an end-user survey conducted by the International Swaps and Derivatives Association.
City of London lobbies Treasury to defend UK's influence in OTC derivatives
Expert paper calls on HMT to ensure EU legislation on clearing and reporting doesn't damage London's dominance or inhibit market activity in particular asset classes.
Video: Special Asia report on energy risk management
Lianna Brinded sends us a special report from Hong Kong and Singapore, after speaking to several leaders from the energy and commodities market about risk management
Video: Isda Asia-Pacific chief says new regulations 'potentially dangerous'
Keith Noyes, Asia-Pacific regional director at the International Swaps and Derivatives Association (Isda), speaks to Lianna Brinded about regulatory changes and the impact they will have on the energy and commodities markets.
Isda Asia chief: Forcing energy and commodities into CCPs creates more risk
Forcing energy and commodities contracts into central counterparty (CCP) clearing is “potentially dangerous”, says Isda's Noyes
Let CCPs compete, Isda conference told
Competing for business will not fatally undermine derivatives clearing – as long as the system is well regulated, speakers claim
Isda members to qualify as swap dealers, says Gensler
All 209 Isda primary members could qualify as swap dealers under the Dodd-Frank Act, says CFTC chairman.
Updated Isda CDS novation process to boost efficiency while minimising risk
Revised rules replace laborious consent-then-confirm novation process
CVA and the equivalent bond
CVA and the equivalent bond
China beefing up derivatives master agreements; possible Isda friction?
Efforts by Nafmii to bolster the definitions of China’s over-the-counter derivatives master agreements should help market development. But there are concerns about potential copyright infringement related to Isda master agreements.
Bespoke solutions for an Islamic CSA
Islamic derivatives users are still getting to grips with a new sharia-compliant master agreement, but some argue the market will be stunted without an accompanying collateral document. Lawyers say that is some way off, so they’re cooking up bespoke…
Partially protected: Dodd-Frank Act spares structured products
Registered advantages
Liquidity critical to OTC clearing, argue dealers
Regulators should consider liquidity when deciding which over-the-counter derivatives should be cleared, say market participants