Isda forced to rework year-old standard CSA

car crash

The International Swaps and Derivatives Association is reworking a new collateral contract it unveiled just over a year ago, after three different regulatory changes made it too capital intensive for banks to use. The amended contract will remove a form of foreign exchange exposure that is penalised by the new regulations, but will add settlement risk back in – an outcome that shows regulators have their priorities wrong, according to some of those involved in the project.

"The medicine is worse

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here