ISDA published new standard definitions for documentation of digital asset derivatives trading.
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In a white paper, ISDA examined credit risk and legal issues related to (i) netting of derivatives transactions involving digital assets and (ii) using digital assets as collateral.
ISDA CEO Scott O'Malia described ISDA's ongoing effort to develop common contractual standards to support the digital asset derivatives market.
In its 2021 Annual Report, the Financial Stability Oversight Council assessed the state of the financial system and provided recommendations concerning climate-related financial risk, digital asset risk, the orderly transition away from LIBOR, and cybersecurity.
ISDA identified key issues regarding the current derivatives contractual framework in the hopes of developing a global standard for the quickly growing digital asset market.