This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager. Dismiss

ISDA calls for derivatives extension to avoid no-deal Brexit cliff edge

( November 26, 2019, 16:33 GMT | Official Statement) -- MLex Summary: Derivatives traders and others should be given an extension to regulatory standards that provide relief for derivatives contracts in the event of a no-deal Brexit, the International Swaps and Derivatives Association has urged. ISDA, which represents global financial institutions, has written to the European Commission and the EU’s markets watchdog to request an extension to the arrangement, due to expire on Dec. 31 this year. For a 12-month period, these standards allow counterparties to transfer contracts from the UK to an EU counterparty in the event of a no-deal Brexit without triggering clearing or collateral requirements under the EU's market infrastructure legislation. ISDA’s letter, sent on Monday and published today, argues that the standards need extending due to the UK’s Brexit date changing to end-January 2020.Letter attached...

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.


Know what others in the room don’t, with features including:

  • Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
  • Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
  • Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
  • Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login

Documents

Related Sections