The International Swaps and Derivatives Association (ISDA) has launched a request for quote (RFQ) to develop a traceability tool for its Digital Regulatory Reporting (DRR) solution, aimed at improving transparency over DRR coding decisions and their linkage to underlying regulatory requirements. The proposed tool is intended to provide a full audit trail of the coding process by pinpointing why and when coding decisions were made and enabling further validation of what firms report. ISDA specifies that the tool should use artificial intelligence to extract information from ISDA working group meeting minutes to map each DRR coding decision and explain the rationale, allowing firms to trace the lineage from reported outputs back to the final rules. The initiative sits alongside ISDA’s DRR approach, which uses the Common Domain Model to translate an industry-agreed interpretation of reporting rules into machine-readable code, with ISDA having pledged to support 12 reporting rule sets in nine major jurisdictions and to maintain the code as requirements evolve. Proposals are due by 5.00pm EST on November 28, 2025, with a decision expected no later than January 30, 2026; interested parties can request the detailed RFQ requirements document from ISDA.
ISDA 2025-10-30
International Swaps and Derivatives Association launches RFQ for AI-enabled traceability tool for Digital Regulatory Reporting
The International Swaps and Derivatives Association (ISDA) has issued a request for quote to develop a traceability tool for its Digital Regulatory Reporting solution, enhancing transparency in coding decisions linked to regulatory requirements. The tool will use artificial intelligence to map coding decisions from ISDA working group minutes, with proposals due by November 28, 2025, and a decision expected by January 30, 2026.