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Industry association: Difference between revisions
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{{g}}Those self-appointed keepers of the flames in the hearths of the different cottages that make up our industry. Traditionally thought of as bland, sleepy places, they are [[from time to time]] cast into the terrible glare of publicity, which generally doesn’t play out too well for them. | {{g}}Those self-appointed keepers of the flames in the hearths of the different cottages that make up our industry. Traditionally thought of as bland, sleepy places, they are [[from time to time]] cast into the terrible glare of publicity, which generally doesn’t play out too well for them. | ||
*'''[[ISDA]]''': | *'''[[ISDA]]''': Publisher of the {{isdama}} and loads of [[tedious]] [[The ISDA Protocol|protocol]]s, ISDA is, these days, the daddy of the [[industry association]]s. It has an admirable regulatory affairs department — it must do, since it copped basically no flack for [[CDO]]s or [[credit derivatives]] notwithstanding their out-sized contribution to the [[global financial crisis]], to the great chagrin of those [[BBA]] executives who were eviscerated for [[LIBOR]]. Currently eyeing up [[ISLA]]’s [[The convergence song|bread and butter]]. | ||
*'''[[FIA]]''': The [[Futures Industry Association]], an American association of [[Exchange-traded derivatives|exchange-traded derivatives]] fans, who recently gobbled up their British counterparts, the [[Futures and Options Association]]. | *'''[[FIA]]''': The [[Futures Industry Association]], an American association of [[Exchange-traded derivatives|exchange-traded derivatives]] fans, who recently gobbled up their British counterparts, the [[Futures and Options Association]]. | ||
*'''[[ISLA]]''': [[International Securities Lending Association]]. Publisher of the {{gmsla}}, {{pgmsla}} and the American {{msla}} | *'''[[ISLA]]''': [[International Securities Lending Association]]. Publisher of the {{gmsla}}, {{pgmsla}} and the American {{msla}} — but for how much longer after ISDA’s recent land-grab or should I say ''[[the convergence song|white-paper proposing closer collaboration and standardisation between derivatives and SFT markets]]''? | ||
*'''[[ICMA]]''': [[International Capital Markets Association]]. [[Repo]]s are their main bag. They publish the [[GMRA]] and [[MRA]]. Once were called the [[Bond Market Association]] | *'''[[ICMA]]''': [[International Capital Markets Association]]. [[Repo]]s are their main bag. They publish the [[GMRA]] and [[MRA]]. Once were called the [[Bond Market Association]] | ||
*'''[[UK Finance]]''': The artist formerly known as the [[British Bankers’ Association]]. Their main contribution to the world of finance was, ah, [[LIBOR]]. Oh dear. Oh, dear, oh dear. Now they don’t touch interbank rates with a barge-pole — no-one would let them even if they wanted to — so they restrict their activities to “enhanc[ing] competitiveness, support[ing] customers and facilitating] innovation”. So that’s nice. | *'''[[UK Finance]]''': The artist formerly known as the [[British Bankers’ Association]]. Their main contribution to the world of finance was, ah, [[LIBOR]]. Oh dear. Oh, dear, oh dear. Now they don’t touch interbank rates with a barge-pole — no-one would let them even if they wanted to — so they restrict their activities to “enhanc[ing] competitiveness, support[ing] customers and facilitating] innovation”. So that’s nice. | ||
*{{Bankenverband capsule}} | *{{Bankenverband capsule}} | ||
Fun fact: the [[collective noun]] for a group of [[industry association]]s — seldom used, because so rare and disconsolate are the circumstances in which they get together | |||
===The [[Joint Chiefs of Staff]]=== | |||
Fun fact: the [[collective noun]] for a group of [[industry association]]s — seldom used, because so rare and disconsolate are the circumstances in which they get together — is a “[[torpidity]]”. The most famous [[torpidity]] of all is the [[Joint Chiefs of Staff of the Industry Associations]], an august body comprising personnel from usually-sworn-enemy organisations like [[ISDA]], [[ICMA]], [[ISLA]] and [[FIA]], who convened for a beautiful moment of no-mans-land-Christmas-football in 2015 to formulate the [[Article 15 SFTR disclosure document]], a fifteen-page, 5,000 word exercise in stating the bleeding obvious.<ref>Namely, that [[title transfer]] arrangements are arrangements involving ''the [[Title transfer|transfer of title]]''.</ref> | |||
{{sa}} | {{sa}} | ||
*[[Collective noun]]s | *[[Collective noun]]s | ||
*[[Swap and stock loan convergence]] | |||
{{Ref}} | |||