ISDA urges PRA flexibility on Basel 3.1 as Treasury clearing looms

30th September, 2026

Zak Jakubowski
Scott O'Malia

The International Swaps and Derivatives Association (ISDA) has called on the UK Prudential Regulation Authority (PRA) to retain flexibility over the January 2028 implementation of new market risk internal models rules, while warning capital treatment could undermine efficiencies from expanded US Treasury clearing.

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ABN AMRO
Bank of America
CBOE
Citi
Goldman Sachs
DRW Holdings
HSBC
J.P Morgan
Marex
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SGX
SocGen
Susquehanna
MUFG Investor Services
TP ICAP
ABN AMRO
Bank of America
CBOE
Citi
Goldman Sachs
DRW Holdings
HSBC
J.P Morgan
Marex
Morgan Stanley
SGX
SocGen
Susquehanna
MUFG Investor Services
TP ICAP
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