Features

Cross-border Challenges

The introduction of margining requirements for non-cleared derivatives is the last of the major G-20 derivatives reforms to be introduced, but cross-border issues are proving challenging Regulators haven’t had the greatest track record in recent times when it comes to cooperation, especially ...

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Reforming Reporting

Dual-sided reporting regimes adopted in some jurisdictions have proven costly and over-complex. Regulators should adopt a single entity-approach to improve access to data and allow for global harmonisation of reporting standards, ISDA and other industry associations argue Regulators now have more derivatives

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Liquidity Split Persists

Nearly three years on from the introduction of US SEF rules, the euro interest rate swaps market continues to be overwhelmingly traded between European counterparties in Europe, with little participation by US dealers When the Group-of-20 nations agreed their ...

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Pushing for Harmonisation

A lack of harmonised data reporting rules has hampered the ability of regulators to aggregate trade data to monitor and assess systemic risk. IQ: ISDA Quarterly outlines the problems, and proposes some solutions It’s now more than six years since the Group-of-20 (G-20) nations gathered in Pittsburgh and agreed on

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The Shape of the IRD Market

Clearing and compression are playing an increasingly important role in derivatives markets, with more than two thirds of interest rate derivatives notional outstanding cleared and compression reducing IRD notional by approximately 62%.

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Cross-border Fragmentation Persists

More than two years on from the start of the US swap execution facility regime, liquidity in the euro interest rate swaps market remains fragmented

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Clear Solution for Single-name CDS

Liquidity in the single-name CDS market has been in continuous decline since the financial crisis. But participants hope a voluntary move to central clearing might reverse the market’s fortunes

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A Call for Harmonisation

What are the major challenges facing regulatory reporting? Can data reporting requirements be reconciled across jurisdictions? IQ: ISDA Quarterly asked four leading ...

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The Drive for Compression

Compression activity has increased significantly over the past year, helping to drive interest rate derivatives notional outstanding levels lower. What’s behind this change?

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