In a joint letter to the Basel Committee on Banking Supervision, ISDA, the Institute of International Finance, and the Global Financial Markets Association, among others, requested reconsideration of the 2014 standardized approach for measuring counterparty credit risk exposures.
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FIA recommended changes to the Bank for International Settlements Basel Committee's proposed revisions to the bank regulatory credit valuation adjustment risk framework.
ISDA, the Global Financial Markets Association and the Institute of International Finance offered recommendations on the Bank for International Settlements Basel Committee's proposed revisions to the bank regulatory credit valuation adjustment risk framework.
ISDA CEO Scott O'Malia called for specific changes to the current credit valuation adjustment capital framework, criticizing the capital requirements for not being appropriate or risk-sensitive.
An ISDA-commissioned review of the "empirical academic literature" concluded that single-name credit default swaps ("CDS") have a "positive impact on the supply of credit to many reference entities underlying traded CDS."