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.
The New York State Department of Financial Services issued guidance on sound custody and disclosure practices for crypto assets in order to protect customers in the event of a bank insolvency.
CFTC Commissioner Christy Goldsmith Romero offered recommendations to the crypto industry on ways to rebuild public trust following the collapse of several crypto exchanges.
FIA urged the SEC to exclude futures commission merchants from its proposed requirement to centrally clear transactions in Treasury securities.
Based on an ISDA survey of an SEC proposal to require Fixed Income Clearing Corporation members to centrally clear repo transactions in Treasury securities, ISDA said market participants generally supported voluntary clearing, but few supported broad clearing mandates.