International Swaps and Derivatives Association (Isda)
New double-counting methodology responsible for greater-than-expected rise in credit derivatives
The International Swaps and Derivatives Association’s mid-year survey of the over-the-counter derivatives market showed a substantial increase in credit derivatives notional volumes, growing from $918.9 billion at the end of 2001 to $1.6 trillion at mid…
Insurers enter the credit derivatives restructuring debate
A group of insurance companies active in the credit derivatives market has submitted a letter to the International Swaps and Derivatives Association suggesting language changes to the trade association’s restructuring definitions.
Top regulators denounce attempt to resurrect OTC energy bill
The four most senior financial regulators in the United States have joined forces to express concern at legislative proposals to expand regulation of over-the-counter energy derivatives.
Isda sees Basel II cross-border operation as major concern
LONDON - The biggest concern arising from the complex Basel II bank capital accord is about how it will operate for banks across national borders, Tanya Castell, London-based head of investment bank UBS Warburg’s risk policy group, said today.
Isda worried about OTC regulation threats
The International Swaps and Derivatives Association is still voicing concern about attempts by US Californian Democrat senator Dianne Feinstein to regulate the energy and commodity derivatives market.
Insurers enter the credit derivatives restructuring debate
A group of insurance companies active in the credit derivatives market has submitted a letter to the International Swaps and Derivatives Association suggesting language changes to the trade association’s restructuring definitions. The insurers are…
Marconi restructuring sparks credit derivatives confusion
Plans unveiled today by troubled UK telecoms company, Marconi, to restructure and reduce its debt to under a billion have caused confusion in the credit derivatives community. Traders said they were unsure whether the language used in the Marconi…
Isda changes Japan credit derivatives documentation
Japan’s credit derivatives dealers have opted to drop ‘obligation acceleration’ and ‘repudiation/moratorium’ from the list of credit events for standard credit default swap transactions, bringing Japan in line with the European and US credit derivatives…
Isda requires CDS reference obligation specification at trade date
The International Swaps and Derivatives Association has decided that confirmations should specify reference obligations as of the trade date for credit default swap (CDS) transactions.
FOA slams single European market plans for commodity derivatives
The London-based Futures and Options Association (FOA) today said it was concerned that plans to include commodity derivatives within the European Commission’s new Investment Services Directive (ISD) and related Capital Adequacy Directive (CAD) could…
FOA slams single European market plans for commodity derivatives
The London-based Futures and Options Association (FOA) today said it was concerned that plans to include commodity derivatives within the European Commission’s new Investment Services Directive (ISD) and related Capital Adequacy Directive (CAD) could…
Isda OTC derivatives operations benchmarking survey shows mixed results
The International Swaps and Derivatives Association’s latest over-the-counter derivatives operations benchmarking survey showed an increase in processing speed and automation for standardised products such as vanilla forward rate agreements (FRAs) and…
Isda welcomes “positive” Basel II statement
The progress statement on the Basel II bank accord issued today by global regulators was mostly positive, said officials at the International Swaps and Derivatives Association (Isda), the trade body for the world’s financial risk management industry.
Isda to testify before Senate committee
The International Swaps and Derivatives Association will today testify that there is no need for further over-the-counter energy derivatives regulation. Representatives of the trade association, due to speak before the US Senate Committee on Agriculture,…
Isda adds HK$ swap fix rate to its list
The International Swaps and Derivatives Association (Isda) said today it has added a Hong Kong dollar IsdaFix rate to its schedule of swap rates published daily on Reuters.
Increased regulation for OTC commodities is unnecessary, claims Isda
Increased regulation for the over-the-counter (OTC) commodity derivatives market designed to protect investors is unnecessary, according to the International Swaps and Derivatives Association (Isda). The European Commission is proposing regulation of…
Isda issues guidelines on counterparty transfers
The International Swaps and Derivatives Association (Isda) has published guidelines to deal with cases where two parties have entered into one or more transactions and where one of the parties transfers its rights and obligations to a new counterparty.
Isda seeks development help on FpML for exotic equities
The International Swaps and Derivatives Association has appealed for help from the industry in its attempt to extend the Financial products Markup Language (FpML) to exotic equity derivatives.
Isda AGM: FpML2.0 ready for widespread deployment
The latest version of Financial products Market Language (FpML) – the e-commerce standard supporting OTC trading for financial derivatives – which could potentially save the industry $1 billion per year in processing costs, has received ‘trial…
Isda AGM: UBS Warburg Energy to expand online product offering
UBS Warburg Energy may add interest rate swaps along with metals and currency derivatives to the online energy-trading platform it bought from bankrupt energy trader Enron in January this year.
Banks support European credit master agreement changes
Investment banks have signalled their support for the International Swaps and Derivatives Association's April 5 decision to drop ‘obligation acceleration’ and ‘repudiation/moratorium’ as credit events for standard default swap transactions in Europe.
Will the latest delay sink Basle II?
Reactions to the latest delay in the Basle II banking accord timetable were mixed, with some bankers and regulators fearing the pact could unravel, while others were optimistic that the roadblocks to agreement would be cleared away.
Enron-related regulatory issues hit derivatives industry
Enron's collapse has sparked calls for more derivatives regulation and stricter accounting standards in the US. What proposals should the derivatives industry be concerned about?
Isda publishes second new master agreement draft
The International Swaps and Derivatives Association (Isda) has published a second draft of its proposed new master agreement. This is in response to feedback and suggestions from industry participants to a first draft sent out at the end of November.