Capital archive
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International regulators issue guidance on Financial Market Infrastructure recovery plans
International regulators have issued guidelines on recovery plans for financial market infrastructure, part of a broader effort to prevent a disorderly failure of key infrastructure entities such as derivatives clearinghouses. The guidelines encourage financial market infrastructure entities to consider how they would handle a default by a major market participant, how they would replenish their financial resources, and other scenarios that could prevent such entities from continuing to provide critical services to the markets.
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FIA issues statement on H.R. 4413, CFTC Reauthorization Bill
FIA today issued the following statement in response to the House Agriculture Committee’s voice vote on H.R. 4413, a bill which reauthorizes the Commodity Futures Trading Commission through September 2018.
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Letter to the EC - Written submissions as a follow-up to the Public Hearing of 10 March 2014 on the Leverage Ratio
In a letter to the European Commission, FIA Europe welcomes the opportunity to provide feedback on the Public Hearing on the Liquidity Coverage Requirement and the Leverage Ratio that the European Commission organised on 10 March 2014.
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Letter to the EC - Written submissions as a follow-up to the Public Hearing of 10 March 2014 on the Leverage Ratio
In a letter to the European Commission, FIA Europe welcomes the opportunity to provide feedback on the Public Hearing on the Liquidity Coverage Requirement and the Leverage Ratio that the European Commission organised on 10 March 2014.On 17 March 2014 a number of trade associations sent a letter to the Basel Committee on their revised Basel III Leverage Ratio framework and disclosure requirements that they had published in January 2014 (BCBS270 document). Having reviewed the EBA’s Report on impact of differences in leverage ratio definitions and following the public hearing, FIA Europe took this opportunity to reinforce some of the points raised in the attached letter sent to the Basel Committee and to highlight some of the areas of uncertainty of interpretation that remain outstanding, with a view to providing guidance of areas that would benefit from clarification in the European Commission’s draft Delegated Act that is to be published pursuant to CRR Article 456(1)(j).The key recommendations can be found in the full letter and attachments.
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Frequently asked questions in relation to BCBS 270 – Basel III leverage ratio framework and disclosure requirements
The Associations support the Committee’s efforts to impose a leverage ratio as a supplementary backstop measure to the risk-based measure and we appreciate this opportunity to provide feedback on the final leverage ratio framework in the form of frequently asked questions (FAQs).
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FIA Comments on Technical Aspects of Basel III Leverage Ratio
We recognize that the BCBS framework is intended to create a common standard for all global banking organizations, and accordingly, where there are gray areas regarding how the finalized language should be interpreted, technical guidance should be issued to ensure consistent international implementation.
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Rethinking the Cost of Clearing: Capital Standards Weigh on FCM Business Models
Banking regulators are putting in place a new set of international capital standards aimed at strengthening the banking system’s capital base. One consequence is that the cost of providing clearing services will rise dramatically over the next several years.
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FIA provides guidance on CCP bankruptcy remote status
FIA has published guidance regarding the standards that need to be satisfied in order for a clearing member to conclude that the margin it posts to a clearinghouse is "bankruptcy remote" for purposes of the Basel III capital requirements.
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FIA provides guidance on CCP bankruptcy remote status
FIA has published guidance regarding the standards that need to be satisfied in order for a clearing member to conclude that the margin it posts to a clearinghouse is "bankruptcy remote" for purposes of the Basel III capital requirements.
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FOA Letter to Basel regarding New Liquidity Requirement to Client Cleared Derivatives
FOA Letter to Basel regarding New Liquidity Requirement to Client Cleared Derivatives
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