ISDA DCs should be more transparent, says IOSCO survey
An association of global regulators on Tuesday revealed the results of a survey on the workings of the International Swaps and Derivatives Association (ISDA) determinations committees (DCs), in which market participants demanded more transparency and buy-side participation.
The survey, commissioned by the International Organisation of Securities Commissions (IOSCO), surveyed buy and sell-side participants in “various regions”, as well as ISDA and auction administrators IHS Markit and Creditex, about the DC process.
In addition to more transparency, some participants asked for a “panel of independent representatives”
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