The Traditional Role of ISDA ‘Co-Regulating’ OTC Derivatives Contracts

Abstract

The importance of tackling the role of ISDA in the regulatory process of OTC derivatives contracts lies on the self-regulatory trend marked during the latter 20th century within the derivatives market. Arguably, the influence of ISDA is undoubtedly a key factor in the public deregulation of the OTC derivatives trading

In this article it is proposed the category of Private Actors-Informal Regulators. It intends to explain the role of private stakeholders participating in the market but also influencing the process of OTC derivatives contracts regulation.

Keywords: OTC Derivatives, ISDA, Financial Regulation, Deregulation