ISDA Derivatives Trading and Treasury Forum: Scott O’Malia Opening Remarks

What happened: ISDA Chief Executive Scott O'Malia opened the ISDA Derivatives Trading and Treasury Forum in London on September 30, 2026, marking ten years since the launch of the ISDA Standard Initial Margin Model (ISDA SIMM). Key numbers: ISDA SIMM is permitted in more than 40 countries, used by more than 440 groups of entities, supported by 70 Why it matters: O'Malia said ISDA seeks flexibility on Basel 3.1 timing to avoid fragmentation, and warned that without recognition of risk offsets, cross-margining efficiencies could force banks to hold more capital and curb clearing services.

ISDA Chief Executive Scott O'Malia opened the ISDA Derivatives Trading and Treasury Forum in London on September 30, 2026, marking ten years since the launch of the ISDA Standard Initial Margin Model (ISDA SIMM).

O'Malia said ISDA seeks flexibility on Basel 3.1 timing to avoid fragmentation, and warned that without recognition of risk offsets, cross-margining efficiencies could force banks to hold more capital and curb clearing services.