International Swaps and Derivatives Association (Isda)
Isda seeks development help on FpML for exotic equities
The International Swaps and Derivatives Association has appealed for help from the industry in its attempt to extend the Financial products Markup Language (FpML) to exotic equity derivatives.
Isda AGM: FpML2.0 ready for widespread deployment
The latest version of Financial products Market Language (FpML) – the e-commerce standard supporting OTC trading for financial derivatives – which could potentially save the industry $1 billion per year in processing costs, has received ‘trial…
Isda AGM: UBS Warburg Energy to expand online product offering
UBS Warburg Energy may add interest rate swaps along with metals and currency derivatives to the online energy-trading platform it bought from bankrupt energy trader Enron in January this year.
Banks support European credit master agreement changes
Investment banks have signalled their support for the International Swaps and Derivatives Association's April 5 decision to drop ‘obligation acceleration’ and ‘repudiation/moratorium’ as credit events for standard default swap transactions in Europe.
Will the latest delay sink Basle II?
Reactions to the latest delay in the Basle II banking accord timetable were mixed, with some bankers and regulators fearing the pact could unravel, while others were optimistic that the roadblocks to agreement would be cleared away.
Enron-related regulatory issues hit derivatives industry
Enron's collapse has sparked calls for more derivatives regulation and stricter accounting standards in the US. What proposals should the derivatives industry be concerned about?
Isda publishes second new master agreement draft
The International Swaps and Derivatives Association (Isda) has published a second draft of its proposed new master agreement. This is in response to feedback and suggestions from industry participants to a first draft sent out at the end of November.
Newsome urges caution on revising derivatives rules
James Newsome, chairman of the US Commodity Futures Trading Commission, has urged policy-makers not to rush to impose new regulations on the over-the-counter derivatives industry in reaction to the collapse of Enron.
Isda publishes FpML 3.0 specs
The International Swaps and Derivatives Association has released the working draft of FpML 3.0, which aims to increase the coverage of the standardised, electronic language to cover foreign exchange over-the-counter contracts such as forex forwards and…
Weary recognition of gross income as Basel II op risk measure
LONDON - There was "weary recognition" among bankers that the use of gross income as a measure of operational risk was the least bad approach, said Richard Metcalfe, co-head of the European office of the International Swaps and Derivatives Association …
Isda and FpML complete integration
The International Swaps and Derivatives Organisation (Isda) has completed the integration of Financial products Markup Language (FpML) into its organisational structure.
Hungarian netting legislation welcomed by Isda
The International Swaps and Derivatives Association (Isda) today said it welcomed the implementation of Act CXX of 2001 on the Capital Markets (CMA), which provides legal certainty to the enforceability of close-out netting in Hungary. The CMA, passed by…
More derivatives deals use collateral, says Isda survey
Derivatives dealers are increasingly relying on collateral to mitigate credit risk, according to the International Swaps and Derivatives Association (Isda). The amount of collateral in circulation in the derivatives markets now exceeds $250 billion, an…
Isda's Euro Protocol draws 242 signatories
The International Swaps and Derivatives Association (Isda) said this week that 242 dealers and end-users signed its 2001 Euro Protocol by the November 30 deadline. Isda issued the Euro Protocol in September in response to documentation concerns voiced by…
Isda frowns on IRS proposal
The International Swaps and Derivatives Association (Isda) has criticised proposed changes by the IRS to the accounting regulations for notional principal contacts (NPCs).
Isda moves to clarify credit derivatives language
The International Swaps and Derivatives Association has moved to further clarify the definition of what constitutes a credit event in the credit derivatives business, in a new paper, 'Supplement relating to successor and credit events', published as a…
Isda appoints head of research
The International Swaps and Derivatives Association, has made David Mengle its new head of research, a newly created position. Mengle will be responsible for providing research and analytical support for various Isda derivatives committees and…
Isda introduces online information resource
The International Swaps and Derivatives Association (Isda) has introduced a new online information resource for its members called netalytics, which covers the validity and enforceability of the close-out netting provisions of the Isda master agreements…
Double-counting fears ease as w -factor is removed from Basel II capital charge
BASEL - The so-called w -factor that bankers feared could result in double-counting of op risk under the Basel II bank capital accord will be removed from the capital charge provisions of the accord, global banking regulators said in September.
Isda moves to stabilise derivatives markets
The International Swaps and Derivatives Association has issued guidelines to help traders close outstanding equity derivatives positions following the major disruptions to financial markets caused by last week’s terrorist attack on the World Trade Center.
Isda says more work needed on accounting standard
The International Swaps and Derivatives Association (Isda) has filed comments on the draft standard “Financial Instruments and Similar Items”, proposed by the Joint Working Group of Standard Setters (JWG).
Credit, collateral, capital
Christine Stanschus and Michael Clarke examine the potential impact on collateralisation of the proposed new Basel Capital Accord, and outline the top five things that collateral managers should do to gain maximum regulatory capital benefits.
The new Accord delayed
Implementation of Basel II has been delayed to 2005, and regulators are revising key elements of their proposals for a new Accord on bank capital.
Bankers worried EU may not meet 2004 deadline
European bankers fear it will be touch-and-go whether the European Union will meet its 2004 deadline for introducing new capital adequacy rules for EU banks and investment firms.