Capital archive
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Viewpoint - Disincentivizing clearing: It’s déjà vu all over again
In the wake of Silicon Valley Bank’s failure, U.S. regulators announced in July a proposal that raise the amount of capital required for the clearing of over-the-counter (OTC) derivatives. This is a dangerous move that disincentivizes hedging among businesses, runs counter to reforms aimed at preventing government bailouts, and increases costs for consumers and businesses.
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FIA joins other trade associations in industry response to second Basel consultation on cryptoassets
FIA also files a supplemental letter urging regulators not to penalise client clearing.
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FIA responds to proposed changes to EU Capital Requirements Regulation
FIA's response focuses on the uncertainty that the proposed new segregation condition brings for banks’ ability to offset initial margin for the purposes of calculating the exposure value under the leverage ratio framework for derivatives.
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FIA outlines clearing capital challenges and portability improvements in comments to CPMI & IOSCO
FIA has responded to a consultation by the Committee on Payments and Market Infrastructures (CPMI), and the International Organization of Securities Commissions (IOSCO) on client clearing access and portability of positions in the event of a default.
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FIA, other trades comment on Basel consultation on cryptoassets
FIA joined five trade associations in a response to the Basel Committee on Banking Supervision’s consultative document on the prudential treatment of cryptoassets. The associations support BCBS’s decision to engage in an iterative approach to the prudential treatment of cryptoassets. However, the associations emphasize the need to provide clarity for the banks as the client demand grows.
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FIA responds to second FCA consultation on UK regulation for MiFID investment firms
On 28 May 2021, FIA responded to the second FCA consultation on a new UK prudential regime for MiFID investment firms (CP21/7).
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FIA supports 12 month extension to QCPP transitional period
FIA has responded to the European Commission’s consultation on the Implementing Regulation to extend the qualifying central counterparty (QCCP) transitional period under the Capital Requirements Regulation II (CRR). FIA fully supports the extension, which will avoid disruption to international financial markets.
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FIA comments on the implementation of Basel standards
On 30 April 2021, FIA submitted a response to the UK Prudential Regulation Authority (PRA) consultation on the implementation of Basel standards (CP5/21).
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New EU and UK prudential regimes for investment firms
In this webinar, a panel of experts discuss the new EU and UK prudential regimes for investment firms (EU IFR/IFD and UK IFPR).
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FIA issues white paper on the impact of pandemic volatility on CCP margin requirements
FIA today released a white paper that examines the dramatic increase in margin requirements at derivatives clearinghouses during the first quarter of 2020 due to increased market volatility related to the pandemic.
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