A new master reporting agreement, to do the job under both SFTR and EMIR, is the goal for the International Securities Lending Association (ISLA) as it teams up with three other industry organisations.

Seeking to establish a standard agreement template for both mandatory and delegated reporting of securities financing and derivatives transactions, four organisations are now uniting forces, Global Custodian notes.

Two birds with one stone

The four bodies in question are the International Securities Lending Association (ISLA), the Futures Industry Association, the International Capital Market Association (ICMA) and the International Swaps and Derivatives Association.


The agreement is meant to be utilized by banks and market participants to comply with both the Securities Financing Transactions Regulation (SFTR) and derivatives reporting under the European Market Infrastructure Regulation (EMIR).