The ISDA Future of Derivatives Survey considers the issues facing the industry, in order to gauge how the derivatives market will develop and evolve. While the survey shows that participants are largely optimistic about the future of the derivatives market, several key challenges are likely to focus industry attention and resources, including ongoing regulatory compliance, the rollout of regulatory initial margin requirements, Brexit and benchmark reform.
The survey was conducted in February and March 2018, and attracted more than 900 responses in total. Approximately a third of the responses came from dealers, and 43% comprised buy-side firms (including bank end users, pension funds, energy companies, asset managers, insurance firms, non-financial corporates and governmental/supranational entities). The remainder of responses came from infrastructure providers, fintech companies and law firms.
The European Securities and Markets Authority (ESMA) has been informed that an individual operating under the name “Edward Stewart” has used ESMA’s identity and logo. This individual is presenting himself as an employee of ESMA conducting investigations in order to steal personal data and convince the potential victims to transfer money.
The individual presents himself as an investigator:
EXAMPLE: “My name is Edward Stewart, the one you spoke to yesterday over the phone. This is about the in depth investigation that we are conducting. Our investigation started off 2 Years and 3 Months ago…”