The Financial Management Committee (FMC) fosters education and understanding of practices and regulations, and advocates for clarity and rule changes that protect and enhance the integrity of the industry.
The scope of topics covered by the FMC includes financial, collateral, and margin management practices and regulations relevant to CFTC, NFA, DCMs and DCOs impacting regulated firms that are FIA members.
The FMC is chaired by Committee members chosen annually. The co-chairpersons, in consultation with the FMC Steering Committee/broader FMC, identify topics of interest for the FMC to address, typically through the formation of Working Groups. FIA staff support the FMC by sharing and coordinating information across FIA Divisions and committees such as the FIA Law & Compliance Division.
Membership consists of individuals employed by FCMs, settlement and custodial banks, and clearinghouses involved in the CFTC-regulated futures and cleared swaps industry who are from FIA member firms.
Contact forums@fia.org to learn more about joining this committee.
The mandate of the Futures Industry Association Clearing & Trade Management Committee is to provide FCMs, industry professionals, US exchanges and US clearinghouses a forum to discuss current events, industry changes and all other relevant topics impacting the US marketplace.
The committee’s goal is to improve communication and expedite information flow across the industry clearing community.
The committee offers a collaborative environment for FCMs, FIA Members & exchanges to raise issues for open discussion.
Contact forums@fia.org to learn more about joining this committee.
The purpose of the Delivery Committee is to provide a forum for discussing new product rollouts and upcoming industry initiatives affecting physical delivery and option expiration. The committee strives to reduce risk through education and automation with its clearinghouse counterparties.
The goal of the Delivery Committee is to:
The Delivery Committee chairs are chosen annually. The committee chairs identify topics of interest through the direction from the FIA Operations Americas board, the FCM community and participating CCPs.
Membership is open to any industry professional employed by a member FCM or vendor. All CCPs are expected to assign a representative familiar with its related delivery and option processes and actively participate. Our target audience is personnel involved in the trade life cycle processes ending in delivery or option expiration.
Contact forums@fia.org to learn more about joining this committee.
The purpose of the Events and Education Committee (EEC) is to educate FIA members on current market events, topics, and industry fundamentals. The committee also raises funds through annual events for charitable giving, as well as provides opportunities to build relationships and network with like-minded individuals.
The EEC’s Goals and Objectives are to organize and execute educational events that focus on key industry issues challenging Division Members. The Committee also raises funds and manages an annual charity donation. The Committee works with FIA’s internal marketing team to manage communication regarding New Member enrollment as well as Division event planning.
The EEC aims to organize and execute events/fundraisers including Washington Outlook, the Chicago Golf Outing, New York events, and the Chicago Summer Outing.
Current members are from FCMs, exchanges, broker dealers, and settlement/custodial banks.
Contact forums@fia.org to learn more about joining this committee.
FIA has joined several industry associations in welcoming a recent UK report on moving to T+1 settlement.
CONTINUE READINGFIA has submitted a response to the CFTC’s proposed rule requiring an operational resilience framework for futures commission merchants.
CONTINUE READINGFIA supports the UK authorities’ proposed approach, allowing regulators to build on and complement operational resilience frameworks for firms and financial market infrastructures. FIA members also support the proposal for oversight of critical third parties to be as interoperable as reasonably practicable with similar existing and future regimes. Furthermore, FIA members support the proposals to promote regulatory and supervisory interoperability.
CONTINUE READINGThe 14-page report, Derivatives Market Structure 2024: Focusing on Capital and Workflow Efficiency, provides a unique perspective into the key drivers for the global clearing business. The report is based on findings from research of market participants conducted jointly by FIA and Coalition Greenwich, a provider of strategic benchmarking, analytics and insights to the financial services industry.
CONTINUE READING
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