International Swaps and Derivatives Association (Isda)
Newsome urges caution on revising derivatives rules
James Newsome, chairman of the US Commodity Futures Trading Commission, has urged policy-makers not to rush to impose new regulations on the over-the-counter derivatives industry in reaction to the collapse of Enron.
Isda publishes FpML 3.0 specs
The International Swaps and Derivatives Association has released the working draft of FpML 3.0, which aims to increase the coverage of the standardised, electronic language to cover foreign exchange over-the-counter contracts such as forex forwards and…
Weary recognition of gross income as Basel II op risk measure
LONDON - There was "weary recognition" among bankers that the use of gross income as a measure of operational risk was the least bad approach, said Richard Metcalfe, co-head of the European office of the International Swaps and Derivatives Association …
Isda and FpML complete integration
The International Swaps and Derivatives Organisation (Isda) has completed the integration of Financial products Markup Language (FpML) into its organisational structure.
Hungarian netting legislation welcomed by Isda
The International Swaps and Derivatives Association (Isda) today said it welcomed the implementation of Act CXX of 2001 on the Capital Markets (CMA), which provides legal certainty to the enforceability of close-out netting in Hungary. The CMA, passed by…
More derivatives deals use collateral, says Isda survey
Derivatives dealers are increasingly relying on collateral to mitigate credit risk, according to the International Swaps and Derivatives Association (Isda). The amount of collateral in circulation in the derivatives markets now exceeds $250 billion, an…
Isda's Euro Protocol draws 242 signatories
The International Swaps and Derivatives Association (Isda) said this week that 242 dealers and end-users signed its 2001 Euro Protocol by the November 30 deadline. Isda issued the Euro Protocol in September in response to documentation concerns voiced by…
Isda frowns on IRS proposal
The International Swaps and Derivatives Association (Isda) has criticised proposed changes by the IRS to the accounting regulations for notional principal contacts (NPCs).
Isda moves to clarify credit derivatives language
The International Swaps and Derivatives Association has moved to further clarify the definition of what constitutes a credit event in the credit derivatives business, in a new paper, 'Supplement relating to successor and credit events', published as a…
Isda appoints head of research
The International Swaps and Derivatives Association, has made David Mengle its new head of research, a newly created position. Mengle will be responsible for providing research and analytical support for various Isda derivatives committees and…
Isda introduces online information resource
The International Swaps and Derivatives Association (Isda) has introduced a new online information resource for its members called netalytics, which covers the validity and enforceability of the close-out netting provisions of the Isda master agreements…
Double-counting fears ease as w -factor is removed from Basel II capital charge
BASEL - The so-called w -factor that bankers feared could result in double-counting of op risk under the Basel II bank capital accord will be removed from the capital charge provisions of the accord, global banking regulators said in September.
Isda moves to stabilise derivatives markets
The International Swaps and Derivatives Association has issued guidelines to help traders close outstanding equity derivatives positions following the major disruptions to financial markets caused by last week’s terrorist attack on the World Trade Center.
Isda says more work needed on accounting standard
The International Swaps and Derivatives Association (Isda) has filed comments on the draft standard “Financial Instruments and Similar Items”, proposed by the Joint Working Group of Standard Setters (JWG).
Credit, collateral, capital
Christine Stanschus and Michael Clarke examine the potential impact on collateralisation of the proposed new Basel Capital Accord, and outline the top five things that collateral managers should do to gain maximum regulatory capital benefits.
The new Accord delayed
Implementation of Basel II has been delayed to 2005, and regulators are revising key elements of their proposals for a new Accord on bank capital.
Bankers worried EU may not meet 2004 deadline
European bankers fear it will be touch-and-go whether the European Union will meet its 2004 deadline for introducing new capital adequacy rules for EU banks and investment firms.
The FSA’s hardliner
Oliver Page, of the UK’s FSA and the Basel Committee on Banking Supervision, says regulators should stay tough on credit and operational risk.
Basel: the new Accord
The Basel Committee’s second consultative paper on reform of the 1988 Accord on capital holds some surprises. Some believe regulatory capital will now have to rise. Dwight Cass reviews the changes, while market experts offer their reaction.
Documentation dilemmas
Concerns over credit event definitions and the Basel Committee’s ‘ w ’ capital charge on credit mitigation instruments will not be easily resolved.
Basel part two: the jury's verdict
Twelve risk experts and regulators assess the impact of the Basel Committee's proposals.
BoE Director Speaks On Need For Stronger Regulatory Co-Operation
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