The International Swaps and Derivatives Association (ISDA) has published opening remarks delivered by its general counsel, Katherine Tew Darras, at the ISDA Annual Legal Forum in London, marking ISDA's 40th anniversary. She has announced the integration of artificial intelligence (AI) into its ISDA Create documentation platform, developed in partnership with Linklaters. This enhancement introduces two key features: CiQ Extract, which enables the seamless re-upload and mapping of offline negotiated agreements onto the digital platform, and an AI-powered summarisation tool for comment chains during document negotiations. These innovations aim to bridge the gap between traditional offline negotiations and digital continuity, whilst improving efficiency in the documentation process.

The International Swaps and Derivatives Association (ISDA) has published a paper on tokenised money market funds (TMMFs), which it believes could be a ‘particularly promising’ area for the use of distributed ledger technology (DLT), combining the liquidity, stability and regulatory familiarity of traditional money market funds with the programmability and operational efficiency of digital assets. ISDA welcomes feedback from market participants on the issues discussed in the paper.

The International Swaps and Derivatives Association (ISDA) has published a paper examining digital assets in derivatives markets and associated distributed ledger technologies (DLT) through the lens of settlement design, prudential capital treatment and collateral management. Its central finding is that the institutional viability of digital assets depends on how exposures are structured, margined, settled and recognised within existing prudential frameworks.

The International Swaps and Derivatives Association (ISDA) has published a paper which notes that as the implementation of the Fundamental Review of the Trading Book (FRTB) standards for market risk capital progresses in jurisdictions around the world, many banks appear to be reducing their use of the internal models approach (IMA).

The International Swaps and Derivatives Association (ISDA) has proceeded with the development of an industry-wide notices hub, which follows global support from buy and sell-side institutions. The new online platform will allow prompt delivery and receipt of critical termination-related notices and help to ensure address details for physical delivery are up to date, reducing the risk of uncertainty and potential losses for senders and recipients.

The International Swaps and Derivatives Association (ISDA) has published an April 2025 Benchmark Module for the purposes of the ISDA 2021 Fallbacks Protocol.

The International Swaps and Derivatives Association (ISDA) has published its CEO, Scott O'Malia's informal comments on important over-the-counter derivatives issues, concerning generative artificial intelligence (AI), reflecting ISDA's long-term commitment to establish a more efficient and safer market. O'Malia commented that providing fresh perspectives on generative AI will improve key functions in derivatives markets, including research, collateral, risk management and document review.

The International Swaps and Derivatives Association (ISDA) has published its monthly 'In Review' newsletter, which includes a compilation of new documents, research papers, press releases, and comment letters published in December 2023. This edition includes the independent review of the Credit Derivatives Determinations Committees launch, ISDA CEO, Scott O'Malia's article on common problems and mutualised solutions in the derivatives market and a milestone update for the common domain model.

The International Swaps and Derivatives Association (ISDA) has made available its EU BRRD Article 55 Bail-In Amendment Agreements (Agency and Principal Versions), which enable financial institutions in EEA jurisdictions which have implemented Article 55 of the EU Bank Recovery and Resolution Directive 2014/59/EU (EU BRRD) to amend their existing non-EEA law-governed master agreements to include contractual recognition of bail-in language.

The International Swaps and Derivatives Association (ISDA) has published a comprehensive FAQ document detailing a new selection process for Standard Reference Obligations (SROs). The document offers in-depth information on the changes to the SRO selection methodology, which impact credit default swaps (CDS), credit derivatives and credit event procedures. It is designed to assist market participants in understanding the technical implications of the new process and how it supports the proper functioning of credit derivatives markets, particularly in determining credit events that trigger settlement obligations.

The International Swaps and Derivatives Association (ISDA) has published a paper proposing reforms to the Basel III Fundamental Review of the Trading Book (FRTB). Proposals in the paper, ‘Modernising the FRTB – A Global Blueprint for Market Risk Reform’, aim to strengthen consistency, risk sensitivity and operational practicality across jurisdictions implementing the market risk capital framework.

The International Swaps and Derivatives Association (ISDA) has published a whitepaper: 'GenAI in the Derivatives Market: a Future Perspective', from ISDA Future Leaders in Derivatives (IFLD), which examines the potential use of generative artificial intelligence (genAI) in the over-the-counter derivatives market, particularly in document creation, market insight and risk profiling. The paper explores regulatory issues in key jurisdictions and addresses the challenges and risks associated with the use of genAI. In the paper, IFLD made several recommendations including: (i) investing in talent development, (ii) fostering collaboration and knowledge sharing with technology providers, (iii) prioritising ethical AI principles, and (iv) engaging with policymakers to promote an appropriate regulatory framework.