Risk Management

ISDA’s Risk Management Team works with members, regulators and policy makers to develop rules which ensure that appropriate, prudent and risk sensitive capital charges are applied uniformly to the various financial risks faced by the industry. The group continually seeks to define best practice in each area and assist all stakeholders in achieving this.

Click here for additional and archived risk management materials.


DateTitle / DescriptionDocuments
March 21, 2017
ISDA Letter to the BCBS on the Standardized Approach for Measuring Counterparty Credit Risk Exposures
Following the suggestion by the Basel Committee on Banking Supervision (BCBS) to ISDA to share industry views and inputs on the standardized approach for measuring counterparty credit risk exposures (SA-CCR), ISDA responded in a letter on March 20 highlighting its SA-CCR quantitative impact study findings and setting out suggestions for improved coherence and calibration of the SA-CCR framework.
ISDA Letter to the BCBS on SA-CCR - March 2017.pdf
March 17, 2017
ISDA/FIA/GFMA/IIF response to the FSB Consultative Document: Guidance on Central Counterparty Resolution and Resolution Planning
On March 13, ISDA responded jointly with the Futures Industry Association (FIA), the Global Financial Markets Association (GFMA) and the Institute of International Finance (IIF) on the FSB’s Consultative Document regarding Guidance on Central Counterparty Resolution and Resolution.
FSB Consultative Document - CCP Resolution - Final FIA-GFMA-IIF-ISDA Response.pdf
October 24, 2016
ISDA/FIA/GFMA/IIF/TCH response to the FSB Discussion Note on Essential Aspects of CCP Resolution Planning
On October 21, ISDA responded jointly with the Futures Industry Association (FIA), the Global Financial Markets Association (GFMA), the Institute of International Finance (IIF) and The Clearing House (TCH) on the FSB Discussion Note on Essential Aspects of CCP Resolution Planning.
FIA-GFMA-IIF-ISDA-TCH-Response-to-FSB-Discussion-Note-CCP-Resolution.pdf
October 19, 2016
ISDA/FIA/GFMA/IIF/TCH response to the CPMI-IOSCO consultative report on Resilience and Recovery of Central Counterparties: Further Guidance on the PFMI
On October 18, ISDA responded jointly with the Futures Industry Association (FIA), the Global Financial Markets Association (GFMA), the Institute of International Finance (IIF) and The Clearing House (TCH) on the Resilience and Recovery of Central Counterparties (CCPs): Further Guidance on the PFMI consultative report recently published by CPMI-IOSCO.
FIA-GFMA-IIF-ISDA-TCH Response to CPMI-IOSCO Consultative Report (Resilience and Recovery of CCPs).pdf
September 13, 2016
ISDA response to US Agencies’ NSFR proposal
On August 5, ISDA responded to the US agencies proposed rule that would implement a stable funding requirement, the net stable funding ratio (NSFR), for large and internationally active banking organizations.
ISDA US NPR NSFR Response FINAL [050816].pdf
July 7, 2016
ISDA/GFMA/IIF/JFMC/TCH submit joint response on leverage ratio
On July 6, 2016, ISDA, the Global Financial Markets Association (GFMA), the Institute of International Finance (IIF), Japan Financial Markets Council (JFMC) and The Clearing House (TCH) submitted a joint response to the Basel Committee on Banking Supervision on its consultation on revisions to the Basel III leverage ratio framework.
FINAL Joint trade response BCBS LR2016.pdf
July 7, 2016
ISDA/AFME responds to the EBA consultation on the draft RTS on proxy spread for CVA risk
On July 6, ISDA, along with the Association for Financial Markets in Europe (AFME), responded to the European Banking Authority’s consultation on draft regulatory technical standards for determining proxy spread for credit valuation adjustment under Article 383(7) of Regulation (EU) No 575/2013 (the Capital Requirements Regulation).
EBA-CP-2016-04 on CVA RTS - ISDA-AFME Response Letter - Final.pdf
June 30, 2016
ISDA/AFME response to the EC consultation on market risk
On June 24, ISDA, along with the Association for Financial Markets in Europe (AFME), responded to the European Commission’s consultation on proportionality in the future market risk capital requirements and the review of the original exposure method.
ISDA AFME EC Market Risk CP Response 240616.pdf
June 30, 2016
ISDA/AFME/IIF response to the EC consultation on the NSFR
On June 24, ISDA, along with the Association for Financial Markets in Europe (AFME) and the Institute of International Finance (IIF), responded to the European Commission’s consultation on further considerations for the implementation of the net stable funding ratio (NSFR) in Europe.
AFME-ISDA-IIF EC NSFR Response.pdf
June 22, 2016
ISDA, GFMA, IACPM and JFMC respond to the Basel consultation on internal risk models
ISDA, along with the Global Financial Markets Association (GFMA), the International Association of Credit Portfolio Managers (IACPM) and the Japan Financial Markets Council (JFMC), have responded to the Basel Committee on Banking Supervision’s consultation on reducing variation in credit risk-weighted assets – constraints on the use of internal model approaches.
Joint Trades_ (GFMA_ISDA_IACPM_JFMC) Reponse to BCBC IRB Constraints.pdf