The International Securities and Derivatives Association has come out in favor of self-regulation of the swaps market. In a letter to the U.S. Commodity Futures Trading Commission comment on proposals for requiring registration for swap participants, ISDA noted the benefits of self-regulation, including the “benefit of experience of industry participants and the desire of the industry to maintain the highest ethical standards and promote investor confidence.” ISDA went on to state that self-regulation would also reduce costs to the government and the taxpayer.
