Regulatory Alerts2026-04-13
FXJSC Combined Operations and Legal Sub-Committee Meeting
The Bank of England, chairing the FXJSC Combined Operations and Legal Sub-Committees, issued meeting minutes detailing critical updates to ISDA FX Definitions and market infrastructure standards. The revised definitions will go live in November 2027 alongside Swift, introducing digitized formats, integrated EMTA terms, and streamlined matrices that remove the need for master confirmations. Concurrent regulatory and operational updates address record FX turnover, AI integration, T+1 settlement implications, a newly formalized resilience communications framework, and proposed FCA transaction reporting reforms.
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