On October 13, 2023, ISDA and the Association for Financial Markets in Europe (AFME) submitted a joint letter responding to the European Banking Authority (EBA) on its report on the standardized approach for counterparty credit risk (SA-CCR).
The letter states the associations’ concerns about the significant impact on capital requirements from the current SA-CCR calibration and provides feedback on some of the points raised by the EBA in its report on May 30, 2023. In particular, the letter identifies the impact of a reduced alpha factor for the output floor calculation and how the assessment conducted by the EBA unduly impacts banks that have permission to use the internal model method. Due to the issues in the methodology chosen by the EBA, the letter expresses concerns about the conclusions of the report and urges policymakers to reconsider the SA-CCR calibration.
Documents (1) for Letter to the EBA on SA-CCR
Latest
Bulk Adherence Upload Page
Please download the attached Excel worksheet and fill out a separate row for each adherence. Then select and upload your completed file using the buttons below. If any errors are found, please correct and re-upload. Note that, if the only...
ISDA In Review – May 2025
A compendium of links to new documents, research papers, press releases and comment letters published by ISDA in May 2025.
ISDA Response to HMT SI on Digital Assets
On May 23, ISDA sent a comment letter in response to a draft statutory instrument (SI) from His Majesty’s Treasury (HMT) that establishes a new regulatory framework for digital assets. In the letter, ISDA recommends a review of the proposed...
FX Emerging Markets Documentation
ISDA now hosts the Template Terms published by EMTA, Inc. (the Emerging Markets Traders Association). More information about ISDA’s and EMTA’s respective roles in documentation for emerging markets is available at the following link. The documents can be found in...