The International Swaps and Derivatives Association (ISDA) has published a paper on the impact of Brexit on the derivatives trading obligation and the characterisation of over-the-counter (OTC) derivatives in the EU and the UK. The paper recommends that the EU and the UK recognise the equivalence of each other’s derivatives trading venues in order to mitigate the impact of the UK’s withdrawal from the EU.

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Nigel Farr Tim West Nish Dissanayake Stephen Newby