In opening remarks at ISDA’s first Athens Derivatives Forum, ISDA Chief Executive Officer Scott O’Malia set out the role of derivatives in supporting investment and risk management and highlighted ISDA-led industry utilities aimed at improving efficiency in derivatives markets. He also announced that the ISDA Notices Hub, an online platform intended to enable instant delivery and receipt of critical termination notices, is scheduled to be rolled out in June. The speech linked Greece’s stronger economic and market conditions to growing demand for robust risk management tools, citing GDP growth of 2.1% in 2024 and European Commission forecasts of 2.3% in 2025 and 2.2% in 2026, alongside the restoration of investment-grade ratings by Fitch Ratings, Moody’s Ratings and S&P Global. It also referenced 2024 EU competitiveness reports by Enrico Letta and Mario Draghi, including Draghi’s call for annual investment of over EUR 700 billion, and pointed to ISDA’s 40th anniversary report finding that 87% of nearly 1,200 companies across seven major stock indices use derivatives. On market infrastructure, O’Malia highlighted the ISDA Master Agreement and more recent documentation such as the ISDA Global Financial Power Purchase Agreement Confirmation Template, as well as the ISDA Standard Initial Margin Model and the ISDA Digital Regulatory Reporting initiative built on the open-source Common Domain Model. Beyond the June rollout of the ISDA Notices Hub, the forum programme is framed around Greek corporate use of derivatives, developments in the power trading market and voluntary carbon trading, alongside an educational session on ISDA documentation and related best practices.

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