

The Swap
International Swaps and Derivatives Association, Inc.
Take a walk into the world of derivatives, as ISDA explores developments in financial markets, risk management, regulation and technology. Featuring interviews with top experts in trading, policy, risk and economics, The Swap asks why the issues that matter actually matter. Hosted on Acast. See acast.com/privacy for more information.
Episodes
Mentioned books

Feb 23, 2026 • 47min
Tokenization in Derivatives Markets
Joe Spiro, DTCC digital assets product director focused on tokenization infrastructure and interoperability. Sandy Kaul, Franklin Templeton innovation lead working on tokenized funds and on-chain collateral pilots. They discuss tokenization fundamentals, barriers like wallets and regulation, tokenized collateral and repo use cases, standards and multi-chain interoperability, and a realistic multi-year adoption timeline.

Jan 28, 2026 • 27min
A Modernization Agenda
Amy Hong, head of strategy for global banking and markets at Goldman Sachs and chair of ISDA, drives modernization of derivatives markets. She discusses tokenization for faster collateral flows and legal clarity, AI for contract parsing and operations, and efforts to harmonize regulatory reporting and Basel III capital rules. Short-term tech pilots and standards top the agenda.

Jan 12, 2026 • 45min
The IOSCO Agenda
Global policymakers are focused on a wide-ranging set of issues, including NBFI and the rapid development of advanced technologies. IOSCO secretary general Rodrigo Buenaventura unpacks the regulatory agenda. Hosted on Acast. See acast.com/privacy for more information.

Oct 13, 2025 • 36min
Innovative Thinking
The pace of change in derivatives markets shows no sign of letting up, with rapid evolution across trading, regulation and technology. Industry veteran Don Wilson, founder of trading firm DRW, talks to The Swap about some of the biggest trends. Hosted on Acast. See acast.com/privacy for more information.

Sep 2, 2025 • 36min
Trading Places
Markets have been volatile so far this year, but what has this meant for market liquidity? The Swap talks to Chris Edmonds from Intercontinental Exchange on trading activity and the market, economic and geopolitical outlook. Hosted on Acast. See acast.com/privacy for more information.

Apr 23, 2025 • 32min
The Value of Derivatives
A new report from ISDA shows that companies all over the world use derivatives to alleviate uncertainty, transfer risk and enhance profitability. ISDA discusses the findings with BCG’s Roy Choudhury. Hosted on Acast. See acast.com/privacy for more information.

Mar 18, 2025 • 21min
Meet the ISDA Chair
The start of ISDA’s 40th anniversary coincided with the appointment of a new ISDA chair, Jeroen Krens. In this episode, we hear about his plans for the association and main strategic priorities. Hosted on Acast. See acast.com/privacy for more information.

Jan 31, 2025 • 34min
ISDA at 40
To mark ISDA’s 40th anniversary, The Swap meets two pioneers of the derivatives market, Tom Jasper and Jeffrey Golden, to discuss the emergence of derivatives and the importance of standards Hosted on Acast. See acast.com/privacy for more information.

Dec 17, 2024 • 35min
Basel, Treasury Clearing and NBFI
In this review of the year, ISDA CEO Scott O’Malia and Chairman Eric Litvack look back at the derivatives market and regulatory issues dominating 2024, including Basel III, Treasury clearing and non-bank financial intermediation. Hosted on Acast. See acast.com/privacy for more information.

Dec 11, 2024 • 30min
Building a Voluntary Carbon Market
Voluntary carbon markets could play an important role in the shift to net zero but what’s needed to build liquidity and ensure transparency in this market? ISDA CEO Scott O’Malia talks to Rubicon Carbon’s Tom Montag. Hosted on Acast. See acast.com/privacy for more information.


