IOSCO urged issuers of securities to make "timely and high quality" disclosures, that are entity-specific, about the impact of COVID-19 on an issuer's operating performance, financial position, liquidity, and future prospects.
ISDA reported that the vast majority of respondents to a supplemental consultation on LIBOR are in favor of including a pre-cessation fallback trigger in ISDA's amendments to the 2006 ISDA definitions and the related protocol.
In a new staff report on the nexus between central counterparties and clearing member banks, the Bank for International Settlements emphasized the need for central banks to evaluate the two entity types collectively.
The Basel Committee Group of Central Bank Governors and Heads of Supervision delayed the implementation dates for Basel III to allow banks to focus on "immediate financial stability priorities" during the COVID-19 pandemic.
FIA partnered with data analytics firm Greenwich Associates on a study of trends in the derivatives markets. Researchers surveyed market participants on derivative product usage, counterparty relationships and regulatory developments.
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 highlighted separate economic analyses on: (i) trends in the credit default swaps market, (ii) clearing networks and central counterparties stress testing, and (iii) the cost effects of clearing fragmentation.
The Financial Conduct Authority and ICE Benchmark Administration confirmed that the "reasonable period" during which LIBOR would continue to be published following an announcement that LIBOR is no longer representative would be minimal.