Search Results for: International Swaps and Derivatives Association
Royal Bank of Scotland to Pay $85 Million Penalty
February 6th, 2017
CFTC Orders The Royal Bank of Scotland to Pay $85 Million Penalty for Attempted Manipulation of U.S. Dollar ISDAFIX Benchmark Swap Rates In Total, the CFTC Has Imposed $570 Million in Penalties for Attempted Manipulation of ISDAFIX Benchmark The ...
FIA joined four industry trade associations in a proposed guidance on central counterparty risk
October 24th, 2016
FIA joined four industry trade associations in a response to proposed guidance from the Committee on Payments and Market Infrastructures (CPMI), the International Organization of Securities Commissions (IOSCO) on resilience and recovery of central counterparties (CCPs). FIA, along with the Global Financial Markets ...
ISDA and IIFM publish Islamic Cross Currency Swap Standard
November 27th, 2015
The International Swaps and Derivatives Association, Inc. (ISDA) and the International Islamic Financial Market (IIFM) today announced publication of a new Islamic hedging product standard, the ISDA/IIFM Himaayah Min Taqallub As‘aar Assarf (Islamic Cross Currency Swap) for use in Islamic hedging ...
Banks Finalize $1.86 Billion Credit-Swaps Settlement
October 2nd, 2015
Suit claimed banks conspired to prevent competition Wall Street’s biggest banks have agreed to pay $1.86 billion to settle accusations that they conspired to prevent competition in the credit-derivatives markets, according to plaintiff lawyers in the private lawsuit. Twelve ...
Big Banks Agree to Settle Swaps Lawsuit
September 14th, 2015
Dozen banks, Markit and International Swaps and Derivatives Association to pay combined $1.87 billion Wall Street’s biggest banks have agreed to a tentative settlement over allegations that they conspired to rig the market for credit derivatives. Twelve banks and ...
The Aftermath of LIBOR and Penny-Shaving Attacks
August 12th, 2015
Anyone remember the LIBOR scandal from back in spring 2008? A trader for UBS Group and Citigroup named Tom Hayes was just sentenced by a British court to 14 years imprisonment for his role as a ringleader of the scandal. Darrell Duffie and Jeremy C. ...
Winners and losers emerge from fragmented FX swap rules
June 30th, 2015
The International Swaps and Derivatives Association (ISDA) has frequently warned that market fragmentation will continue and market transparency will be damaged as US and European regulators fail to reconcile their FX rule sets. Disharmony is most evident in relation ...
ISDA and Markit Launch New EMIR Clearing Classification Tool on ISDA Amend
May 11th, 2015
The International Swaps and Derivatives Association, Inc. (ISDA) and Markit today announced the launch of the EMIR Clearing Classification Tool on ISDA Amend. ISDA Amend is an online service from ISDA and Markit that facilitates compliance with certain European ...
ISDA Outlines Path Forward for Centralized Execution of Swaps
April 2nd, 2015
The International Swaps and Derivatives Association, Inc. (ISDA) today published a set of principles aimed at promoting regulatory consistency in the development and application of centralized trading rules for derivatives. The execution of standardized derivatives on an exchange or ...
Basel Committee and IOSCO revised implementation date for non-cleared derivatives margin rules
March 23rd, 2015
The International Swaps and Derivatives Association, Inc. (ISDA) published the following statement: The Basel Committee on Banking Supervision and the International Organization of Securities Commissions (IOSCO) released revisions to the framework for margin requirements for non-centrally cleared derivatives. [The ...
