ISLA Reponses to Recent Consultations

Advocacy is an extremely important part of the Association’s work, and since the start of 2020, ISLA has responded to a number of key consultations on behalf of its member firms across the region.

If you missed them, here is a recap…

Bank Recovery and Resolution Directive (BRRD)

European Banking Authority public consultation on its draft RTS for contractual recognition of stay powers under the BRRD.
Response Details

HM Treasury consultation on the UK’s approach to the transposition of BRRD II.
Response Details

Capital Markets Union (CMU)

European Commission’s CMU Roadmap that followed the final report of the CMU High-Level Forum (HLF) published in June 2020.
Response Details

Central Securities Depository Regulation (CSDR)

ESMA survey to CSDs, competent authorities and relevant authorities, the European Banking Authority, as well as Trade Associations, regarding possible suggestions for amending CSDR.
Response Details

Sustainable Finance

Renewed Sustainable Finance Strategy consultation to collect the views and opinions of interested parties in order to inform the development of the European Commission’s strategy.
Response Details 

Middle East

The Saudi Stock Exchange (Tadawul) and The Securities Depository Center (Edaa) issued a joint consultation paper on updated regulations; Securities Borrowing and Lending & Short Selling.
Response Details


Bank of England published the ‘Future of Finance’ report, and as a direct response to the recommendations made in the paper, committed to a public review. The initial phase of the review came in the form of a discussion paper on transforming data collection from the UK financial sector.
Response Details

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