Brexit archive
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FIA responds to FCA Quarterly Consultation No 35
FIA submitted a response to proposals by the U.K.'s Financial Conduct Authority regarding the UK MiFID II ancillary activities exemption calculation.
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FIA responds to HMT Financial Services Future Regulatory Framework Review: Bank of England regulation of CCPs and CSDs
FIA recently submitted its response to HM Treasury's central counterparties and central securities depositories reform proposals under the Financial Services Future Regulatory Framework Review.
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FIA and ISDA respond to the Bank of England’s approach to tiering incoming CCPs under UK EMIR 2.2
FIA jointly with ISDA has submitted its response to the BoE’s proposed approach to tiering under UK EMIR 2.2.
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FIA responds to HMT's Future Regulatory Framework Review reform proposals
FIA has responded to HM Treasury's Financial Services Future Regulatory Framework Review: Proposals for Reform.
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FIA and ISDA respond to BofE consultation on stress testing
FIA and the International Swaps and Derivatives Association (ISDA) welcomed a consultation by the Bank of England (the Bank) on supervisory stress testing. The Associations together agreed overall with the presented approach. However, given the huge effort to run supervisory stress tests, the Associations jointly proposed for global regulators to join forces and run joint SSTs.
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FIA Statement on Commissioner Mairead McGuinness comments on central clearing
A today issued the following statement on Commissioner Mairead McGuinness announcement on the proposed way forward for central clearing:
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FIA and ISDA respond to HM Treasury’s CCP resolution consultation
Members of FIA and ISDA welcome HM Treasury’s proposals for an expanded resolution regime for UK central counterparties, which, due to the UK’s active participation and contributions, are mostly in line with international guidelines and are closely aligned with the EU’s CCP recovery and resolution framework.
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UK/EU – Rebuilding a relationship
The Brexit divorce was a long-drawn-out process which laid bare tensions over how best to oversee derivatives markets and enable continued cross border market access. The MoU between the UK and the EU is now complete but mutual equivalence appears a long way off.
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FIA joins other trade organizations to publish the UK version of the SFTR Article 15 Information Statement
The Association for Financial Markets in Europe (AFME), the Futures Industry Association (FIA), the International Capital Market Association (ICMA), the International Swaps and Derivatives Association, Inc. (ISDA) and the International Securities Lending Association (ISLA) have jointly published an updated statement that can be used to help market participants comply with Article 15 of the Securities Financing Transactions Regulation as it forms part of ‘retained EU law’ as defined in the European Union (Withdrawal) Act 2018 (UK SFTR).
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FIA issues joint letters on importance of linking UK ETS with EU ETS ahead of COP26
FIA recently released a joint paper urging the UK Government to start the process of linking the new UK Emissions Trading System (UK ETS) with the EU’s Emissions Trading System (EU ETS) as soon as practicable.
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