- ISDA future-proofs arrangements against uncertainties posed by Brexit
- Why did ISDA publish credit support documents governed by Irish and French law?
- Concerns deriving from Article 55 of the EU Bank Recovery and Resolution Directive 2014/59/EU
- Concerns deriving from Article 46(6) of Regulation (EU) No 600/2014
- How are they similar to, and different from, the English law credit support annex?
- Do these credit support documents assist with facilitating compliance of regulatory initial margin regimes?
- What will be ISDA’s next step?
- What has the market’s reaction been to this publication?
Banking & Finance analysis: Judith Lawless, partner at McCann FitzGerald in Dublin, explains how the International Swaps and Derivatives Association’s (ISDA) publication of Irish and French law governed credit support documents is part of a broader ISDA initiative responding to member demand for documentation governed by the laws of an EU Member State.
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