Europe


DateTitle / DescriptionDocuments
November 22, 2012
ISDA/AFME letter to EC re. Capital Requirements Regulation
Letter to Sebastijan Hrovatin, European Commission regarding the European Commission compromise draft on capital requirements for bank exposures to CCPs in the Capital Requirements Regulation (EU).
Letter to EC re CRR 22 11 12.pdf
November 14, 2012
Bank separation rules will stifle banks’ ability to support Europe’s economic recovery, says new AFME/ISDA submission
Press release on November 13 AFME/ISDA joint submission re. proposed new requirements for European banks to ring-fence their significant market-making activities.
AFME_ISDA_LiikanenRelease.pdf
November 13, 2012
ISDA and AFME response to EC consultation on the recommendations of the High-Level Expert Group on reforming the structure of the EU banking sector
Response submission from AFME and ISDA to Mario Nava, Acting Director, DG Internal Market and Services, European Commission
AFME_ISDA_EC_HLEG_Consultation_Response.pdf
November 9, 2012
Mutual Recognition / Paper for IOSCO: Follow-up to EU US Coalition Report (June 2012)
A Paper by the Transatlantic Coalition on Financial Regulation
IOSCO paper - FINAL 091112.pdf EU_US_Coalition_Report_18th_June_2012.pdf
November 7, 2012
ISDA and AFME response to the EC re. compromise draft on capital requirements for bank exposures to central counterparties
ISDA and AFME wrote to the European Commission (EC) regarding the EC compromise draft on capital requirements for bank exposures to central counterparties (CCPs) in the Capital Requirements Regulation (Draft CRR Text) observing a number of differences between the Draft CRR Text and the Basel international standards set out in the interim framework for determining capital requirements for bank exposures to CCPs, viz. BCBS 227 of July 2012.
Letter to EC re CRR final 7 11 12.pdf
October 11, 2012
ISDA Commentary on MiFID: Large-in-scale derivatives transactions
This paper explains the importance of accommodating large-in-scale derivatives transactions under MiFID2/MiFIR
The role of OTC under MiFID - Oct 2012.pdf
October 5, 2012
ISDA/AFME Response re. EU Regulation on CDS and Short Selling (ESMA Consultation on market-making exemption)
Provides recommendations for an optimal exemption that would ensure the appropriate functioning, liquidity and accessibility of capital markets, as well as responsible and prudent risk management.
AFME_ISDA_response_letter_to_ESMA_short_selling_market_making_activity_5_October_2012.pdf
September 14, 2012
MAR and MAD
Response from ISDA to the ECON public consultation on “Market Manipulation: Lessons and reform Post Libor/Euribor
ECON CONSULTATION.MARKETMANIPULATION.FINAL 140912.pdf
September 12, 2012
Regulation of OTC derivatives markets: A comparison of EU and US initiatives
Prepared by Clifford Chance in September 2012. This paper is not intended to be comprehensive or to provide legal advice.
CliffCh-ISDA regulatory comparison of EU and US initiatives (Sept 2012).pdf
September 11, 2012
ISDA Commentary on 31 August Presidency Compromise Texts on MiFID2/MiFIR
This paper has been produced by ISDA in order to help inform on-going European Council discussions on MiFID2/MiFIR.
Comment on 1st CY compromise texts - Sep 2012.pdf