The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

ISDA Hosts Regional Regulators Workshop

The International Swaps and Derivatives Association, (ISDA) hosted an Asia Pacific Regulators Workshop in Hong Kong today with supervisors and policymakers from 19 regulatory bodies across the Asia Pacific region. The one-day session, which was a follow-up to the ISDA Asia Pacific Regulators Summit held in May, addressed specific challenges related to the implementation of over-the-counter (OTC) derivatives regulatory reform in the region.

Topics discussed included the current status of central clearing and trade repository developments in Asia Pacific, implications of market-by-market regulatory and infrastructure solutions, and the impact of Financial Stability Board and G20 standards.

ISDA recognizes the importance of central clearing (assuming it is prudently structured and managed) and trade reporting to regulators in improving the safety and transparency of the marketplace. ISDA urges regional regulators to take a coordinated and cooperative approach to ensure that initiatives in these areas are harmonized so that they decrease rather than increase risk.

“ISDA believes that harmonization of market structure initiatives is critical to reducing systemic risk and maximizing market efficiency. We are committed to working closely with regulators around the world and in the region to implement solutions that help the market operate safely and efficiently,” said Robert Pickel, Executive Vice Chairman, ISDA.

Related content

WEBINAR

Recorded Webinar: Best practice for Regulatory Change in 2021 and beyond

How to get regulatory change management right and avoid the risks of getting it wrong The burden of regulatory change on financial firms has never been greater, leaving compliance teams under increasing pressure to ensure that changes are reviewed and acted upon in a timely manner. Technology enhancements in this space can help, allowing firms...

BLOG

Addressing Trade Fails Can Lead to SDR Success

By Matt Johnson, Director, ITP Product Management, DTCC. It is just under ten months to go before the implementation of the Central Securities Depositories Regulation’s (CSDR) Settlement Discipline Regime (SDR), which will require firms to put in place measures to mitigate settlement delays, endorsing straight through processing (STP) to support high settlement rates. For trades...

EVENT

RegTech Summit APAC Virtual

RegTech Summit APAC will explore the current regulatory environment in Asia Pacific, the impact of COVID on the RegTech industry and the extent to which the pandemic has acted a catalyst for RegTech adoption in financial markets.

GUIDE

Entity Data Management Handbook – Seventh Edition

Sourcing entity data and ensuring efficient and effective entity data management is a challenge for many financial institutions as volumes of data rise, more regulations require entity data in reporting, and the fight again financial crime is escalated by bad actors using increasingly sophisticated techniques to attack processes and systems. That said, based on best...