International Swaps and Derivatives Association sets 2025 OTC derivatives priorities including DRR expansion and ISDA Notices Hub launch

The International Swaps and Derivatives Association (ISDA) published a derivatiViews commentary by Chief Executive Officer Scott O’Malia setting out its 2025 agenda for over-the-counter derivatives, centred on further digitisation and automation of market processes and continued engagement on major US prudential and market structure initiatives. ISDA highlighted the growth of its digital documentation offering, with more than 160 documents and versions available via ISDA MyLibrary, and said it will prioritise helping firms capture the operational and compliance benefits of digitised documentation. Two mutualised solutions were singled out for accelerated delivery in 2025: expansion of ISDA’s Digital Regulatory Reporting initiative to support new reporting rule sets expected in jurisdictions including Canada and Hong Kong, and the rollout of the ISDA Notices Hub to support instantaneous delivery and receipt of termination notices and maintain a “golden source” of office addresses, with planned availability via S&P Global Market Intelligence’s Counterparty Manager platform. On policy, ISDA pointed to uncertainty over the direction of the Basel III “endgame” package in the US and reiterated its push for calibration changes it says are needed to improve risk sensitivity, while indicating it will seek a revised implementation timetable for the US Securities and Exchange Commission’s Treasury clearing rules, currently due to phase in from end-2025.