ISDA CEO Scott O’Malia reported that ISDA continues to work with global policymakers to improve margining practices that can mitigate the impact of "extreme" volatility.

The Alternative Reference Rates Committee updated its recommendations on permissible usage of Term SOFR.

The Depository Trust and Clearing Corporation launched a "LIBOR Benchmark Replacement Index" resource to (i) provide users a means to view information on debt securities whose rate is currently based on LIBOR and (ii) establish a central resource depository for information about alternative indices.

ISDA published new standard definitions for documentation of digital asset derivatives trading.

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.