Trade body issued a paper on Thursday criticising the lack of industry standards
Trade body the International Swaps and
Derivatives Association has pledged to work with regulators and
its members to standardise tasks that are common across the
industry following the publication of a paper that criticises
the lack of standards in the derivatives market.
The Association said in a statement on
Thursday: "Isda will draw up a development plan for the
creation of common domain models and will work with regulators
and the industry to identify and prioritise use cases."
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