ISDA warned of the “destabilizing impact” of an SEC proposal to expand requirements for investment advisers regarding the custody of funds and securities for derivatives markets.
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The American Bankers Association with several other trade associations urged the White House's Office of Information and Regulatory Affairs to reject the CFPB's request for approval of its "Junk Fees Timing Study" information collection.
The Managed Funds Association said an SEC proposal to prohibit a "securitization participant" from engaging in any transaction that would involve or result in a material conflict of interest, "could harm the securitization markets and, as a consequence, undermine the credit markets that depend upon securitization."
Trade associations representing a variety of constituencies urged the SEC not to adopt a proposal that would expand requirements under the Custody Rule.
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.