ISDA News

Central Clearing Rollout Reshaped Derivatives 18 Years Post-Crisis

ISDA's April 2026 IQ newsletter reviews the transformative impact of post-2008 financial crisis reforms on derivatives markets, 18 years after central clearing, margin requirements, and Basel III capital standards were introduced. The publication notes ongoing recalibration efforts: US regulators published a Basel III proposal on March 19 with improvements to risk-sensitive capital frameworks, while the UK's Basel 3.1 framework finalised in January faces a one-year delay to the internal models approach for market risk. The newsletter also covers EU and UK consultations aimed at simplifying trade reporting burdens and highlights ISDA's Digital Regulatory Reporting initiative for reducing compliance costs.

Natixis CIB Adopts ISDA Digital Regulatory Reporting Solution

Natixis CIB has adopted ISDA's Digital Regulatory Reporting (DRR) solution, which uses the Common Domain Model (CDM) to convert regulatory reporting rules into machine-executable code. The adoption enables more accurate and consistent data reporting to regulators while reducing compliance time, resources and costs. The solution has been applied to eight sets of reporting rules worldwide, with ISDA committed to supporting 14 core regulatory reporting regimes across nine jurisdictions.

India Derivatives Markets Forum: Scott O'Malia Opening Remarks

ISDA held its third annual India Derivatives Markets Forum on April 16, 2026, with CEO Scott O'Malia delivering opening remarks framing derivatives as critical infrastructure for India's economic ambitions. India, now the world's fourth-largest economy, ranks only 17th globally for FX derivatives and 20th for interest rate derivatives despite recent growth, creating a gap between market size and hedging depth. The speech reviews progress including close-out netting legislation (2020), the ESMA-RBI CCP cooperation agreement, and phased margin requirements for non-cleared derivatives, while advocating for expanded participant access and instrument variety to deepen India's derivatives markets.