About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

ISDA Unveils New Mission Statement

Subscribe to our newsletter

The International Swaps and Derivatives Association, Inc. (ISDA) announced today that its board of directors has updated its mission statement to reflect the Association’s evolving mandate in the rapidly changing global derivatives markets.

The new mission statement is:

ISDA fosters safe and efficient derivatives markets to facilitate effective risk management for all users of derivative products.

At the core of ISDA’s new mission statement is the Association’s commitment to and progress in making the derivatives markets safe and efficient. Through its on-going efforts in central clearing, portfolio compression and the establishment of trade repositories, ISDA continues to strengthen, reduce risk and increase transparency in the derivatives markets.

The new mission statement also affirms ISDA’s work on behalf of all users of derivative products around the world. In recent years, ISDA has added several buy-side representatives to its Board.  The ISDA Industry Governance Committee is today co-chaired by buy-side and sell-side executives. In addition, ISDA’s Credit Derivatives Determinations Committees are composed of five buy-side representatives whose support is required for decision-making.

“ISDA has a tremendous history of working to make its markets safer and more efficient,” said Conrad Voldstad, ISDA’s Chief Executive Officer.  “I know of no other trade association that has contributed so much to its industry.  Our new mission statement underscores the great progress and leadership position ISDA has achieved.”

“Derivatives are important risk management tools for thousands of companies, asset managers, governments and financial institutions around the world,” said Robert Pickel, ISDA Executive Vice Chair.  “In this global market, ISDA plays an important role. Our new mission statement reflects the Board’s continuing evaluation of how the Association can and should add value to members and better serve our markets.”

As part of the Board’s strategic review, ISDA also updated its strategy statement that articulates how the Association works to achieve its mission. ISDA’s strategy statement outlines commitments in four key areas that serve as the Association’s core competencies: documentation and netting, market infrastructure, risk management and clearing, and public policy and education.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: How to simplify and modernize data architecture to unleash data value and innovation

The data needs of financial institutions are growing at pace as new formats and greater volumes of information are integrated into their systems. With this has come greater complexity in managing and governing that data, amplifying pain points along data pipelines. In response, innovative new streamlined and flexible architectures have emerged that can absorb and...

BLOG

SmartStream Chief Jaffer Sees Rapid Change in Year at Helm

Just over a year into his tenure as chief executive of financial data automation provider SmartStream, Akber Jaffer finds himself surveying a data industry that’s changed enormously over his short time at the UK-based company. Chat GPT was a year old when he took on his new role and the artificial intelligence (AI) technology’s revolutionary...

EVENT

TradingTech Briefing New York

Our TradingTech Briefing in New York is aimed at senior-level decision makers in trading technology, electronic execution, trading architecture and offers a day packed with insight from practitioners and from innovative suppliers happy to share their experiences in dealing with the enterprise challenges facing our marketplace.

GUIDE

Alternative Trading Systems Directory 2010

The year since we launched our first edition of the A-Team Alternative Trading Directory has passed by in a flash (no pun intended). And while the rate of expansion of the alternative trading system sector may have slowed – even consolidated somewhat – in the more established centres, their onward march continues both in terms of credibility, and of uptake...