Archive:February 25, 2025

Middle East: New Saudi Netting Regulation Creating a Buzz

Feb 25 2025

There was a buzz during the joint association conference in Riyadh, Saudi Arabia on the 19 February. A collaboration by ISDA, ISLA and ICMA, the industry associations representing parties that enter into transactions such as derivatives, securities lending and repurchase transactions, is indeed unusual.

Australia: Compensation Scheme of Last Resort (CSLR)

Feb 25 2025

By: Jim Bulling and Ben Kneebush

Underfunded From Inception

The operator of CSLR has released the latest actuarial report commissioned on the scheme and the initial estimates of projected levies for 2025 / 26 (3^rd levy period), triggering widespread concern across the financial services industry and immediately prompting the Treasury to announce a comprehensive review of the scheme.