The Swap

As regulators look to tackle perceived risks posed by non-bank financial intermediation, Bruce Tuckman from the Stern School of Business gives his views on what’s driving these concerns and how they might be resolved.

With just weeks to go until the US election, ISDA talks to Rhod Shaw from government affairs consulting firm Alpine Group about the key policy issues and the implications for the financial sector.

Clearing of derivatives has been a key regulatory objective since the 2008 financial crisis, but proposed changes to US capital rules would make clearing much more expensive. Scott O’Malia discusses the implications with LSEG’s Daniel Maguire.

A new paper from ISDA Future Leaders in Derivatives explores the potential for generative artificial intelligence in the derivatives market. Scott O’Malia talks to IFLD participants Tom Reynolds and Katherine Arden about the paper’s findings and recommendations.

Regulators have looked for ways to make the US Treasury market more efficient, competitive and resilient. What’s been achieved and what else is needed? ISDA talks to Michelle Neal at the Federal Reserve Bank of New York.

Sustainable and green finance will play a critical part in the transition to net zero. SGX’s Michael Syn talks about how the exchange is approaching this issue.

Darrell Duffie, professor at the Stanford Graduate School of Business, has highlighted shrinking bank balance sheet capacity as a key reason for bouts of illiquidity in the US Treasury market. What’s the answer?

From the final farewell of LIBOR to release of the long-awaited US capital proposals, several key issues have dominated derivatives markets in 2023. ISDA’s Scott O’Malia and Eric Litvack look back on the year.