ISDA Announces New Commitments to Global Supervisors to Help Make OTC Derivatives Markets Safe and Efficient

On 31 March 2011, ISDA submitted a letter with market participants and industry associations to global financial supervisors. The letter publicly outlines the industry's plans for making the over-the-counter (OTC) derivatives markets both safe and efficient. The letter also commits to improvements in four key areas: increasing standardization; expanding central clearing; enhancing bilateral risk management; and increasing transparency.