Trade associations commented on central counterparty default management issues raised by the Committee on Payments and Market Infrastructures and IOSCO.
Several major trade associations called on U.S. prudential regulators and the CFTC to expand the types of money market funds eligible for derivatives initial margin.
Trade associations urged U.S. regulators to provide guidance on implementing BCBS-IOSCO recommended exemptions from swaps margin requirements where the amounts to be transferred are below relevant thresholds.
ISDA, SIFMA, SIFMA AMG and the Association of the Luxembourg Fund Industry called on regulators to make changes to uncleared derivatives margin requirements under the European Market Infrastructure Regulation.
SIFMA recommended a new approach to strengthen cross-border cooperation among regulators to "enhance the coherence of their respective regulations" and "enshrine[] cooperation within legally binding trade agreements."
ISDA and SIFMA urged the SEC to address any disparities between SEC proposed rules on "risk mitigation techniques" for security-based swaps and the existing swap rules of the CFTC.
ISDA, SIFMA, the American Bankers Association, the Bank Policy Institute and the FIA commented on a proposal by U.S. banking regulators to implement the "standardized approach for counterparty credit risk" in U.S. capital rules.
