International Swaps and Derivatives Association April 14, 2011 ISDA today released a white paper on the representation of standardized derivative products and a proposal to link unique identifiers to these products. The paper calls for the establishment of a new central Derivative Product Registry (DPR) infrastructure, leveraging the FpML standard for data representation.

International Swaps and Derivatives Association April 14, 2011 ISDA today released preliminary results from its 2011 ISDA Margin Survey. The Survey reveals that, among large dealers, 80 percent of all transactions are now executed with the support of a collateral agreement. The process of reconciling collateralized portfolios shows steady advances in adoption. One hundred percent of large dealers and 73 percent of all survey respondents indicated that they pro-actively perform portfolio reconciliations.

International Swaps and Derivatives Association April 14, 2011 ISDA released highlights from its 2011 Operations Benchmarking Survey today. The Survey shows the results of industry investment in infrastructure over the past several years. The confirmation process, for example, has been completely automated and 100 percent of eligible credit default swaps are confirmed electronically, compared with 99 percent last year. Similarly, 83 percent of eligible interest rate derivatives are confirmed electronically compared with 77 percent last year.

Financial Markets Law Committee April 12, 2011 The Financial Markets Law Committee (FMLC) have submitted a further submission to HM Treasury on the implementation of the EU Directive 2009/44/EC on settlement finality and financial collateral arrangements. The letter further explores issues of whether floating charges which are "collateral security charges" within the meaning of the 1999 Regulations should be brought within the 2003 Regulations.

CFTC Speeches April 13, 2011 Speech of Commissioner Scott D. O'Malia talks about "where the Commission is" with respect to implementation of Dodd-Frank. He notes that the CFTXC has proposed more than 50 rules that if lined up by the Fed. Reg. pages would stretch over 921 feet and will likely reach the Empire State Building's 86th floor observation deck. "The fact I find most amazing, is tht if we allowed the comment period for each rule to run consecutively, its total running time would last over seven-and-a-half years. Yet, you have less than one year to meaningfully respond to all of the