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

A-Team Insight Blogs

ISDA’s CDS Big Bang Protocol Goes into Effect for US Market

Following months of preparation by the banking and vendor communities, the US market has today seen the go live date for the overhaul of the International Swaps and Derivatives Association (ISDA) credit default swap (CDS) standard protocols. The changes are aimed at reducing systemic risk by introducing a standardised pricing system for CDSs and making clear what procedures must be adopted should a default occur for a CDS contract.

According to Robert Pickel, head of ISDA, the big bang protocol will provide a framework for the industry by which it can standardise the traditionally opaque credit derivatives. It is hoped that the changes will also assist in the move towards central clearing for CDSs with the advent of central counterparties (CCPs) such as IntercontinentalExchange’s ICE Trust.

Related content

WEBINAR

Recorded Webinar: Entity identification and client lifecycle management – How financial institutions can drive $4 billion in cost savings

A new model in Legal Entity Identifier (LEI) issuance has created significant opportunities for financial institutions to capitalise on their KYC and AML due diligence. By becoming Validation Agents and obtaining LEIs on behalf of their clients, financial institutions can enhance their client onboarding experience, streamline their internal operations, and open the door to new,...

BLOG

DSB Managing Director Emma Kalliomaki Outlines Issues in Progressing the UPI

As the Derivatives Service Bureau’s (DSB’s) first round of industry consultation on fee principles for the Unique Product Identifier (UPI) plays out, we talked to Emma Kalliomaki, managing director of ANNA and the DSB, about some of the issues involved in getting the UPI up, running and ready for its Q3 2022 release. Early conversations...

EVENT

Data Management Summit London

The Data Management Summit Virtual explores how financial institutions are shifting from defensive to offensive data management strategies, to improve operational efficiency and revenue enhancing opportunities. We’ll be putting the business lens on data and deep diving into the data management capabilities needed to deliver on business outcomes.

GUIDE

Regulatory Data Handbook – Second Edition

Need to know all the essentials about the regulations impacting data management? A-Team’s Regulatory Data Handbook is a great way to see at-a-glance: All the regulations that are impacting data management today A description of each regulation The impact each will have from a data and data management perspective Messages from sponsors with products related to...