On 1 March 2010, the International Swaps and Derivatives Association (ISDA) announced that it had jointly submitted a letter with market participants and industry associations to global supervisors. The letter was the sixth in a series that publicly details how the industry will work to further strengthen the robustness of the over-the-counter (OTC) derivatives market infrastructure, improve transparency and build a more resilient risk management framework.

In the letter the industry highlighted further commitments regarding central clearing, transparency, standardization, operational efficiency targets and collateral. The letter also provided the global supervisory community with an update on the progress that had been made since the last letter in June 2009.

View ISDA announces further industry commitments to increase robustness of OTC derivatives markets, 1 March 2010