Search

CCP Risk

Central counterparties are a crucial element of resilient derivatives markets. As such, one of FIA's top priorities is protecting CCPs through assessing potential risks and ensuring our markets can function in an orderly and transparent fashion even in times of stress.

repository square

Explore FIA's Exchange Risk Controls Repository

FIA is building and maintaining a central repository of exchange-provided risk controls and practices in global cleared derivatives markets for the exclusive use of FIA members. In consultation with member firms, we developed a survey that helps provide greater transparency and facilitates risk-control benchmarking for global brokers, clearing firms, trading firms and commercial and institutional traders. This convenient centralized source of information about exchange risk controls makes it easier for firms to expand the range of markets that they use around the world.

EXPLORE THE REPOSITORY

  • FIA and ISDA respond to MAS CP on recovery and resolution planning for market infrastructures

    FIA and ISDA respond to the Monetary Authority of Singapore’s consultation on recovery and resolution planning and enhancement of resolution powers for capital market infrastructures. The response supports the proposed framework for recovery and orderly wind-down planning for capital market infrastructures, while recommending greater clarity and safeguards on certain aspects of the framework.
  • FIA responds to ESMA consultation on CCP guarantees and investment policy

    FIA supports expanding eligible CCP collateral for non-financial counterparties under EMIR 3.0, calling for substance-over-form recognition of letters of credit and mandatory clearing member protections.
  • FIA responds to OCC's clearing fund allocation proposal

    FIA supports OCC’s stress‑aligned clearing fund allocation, noting improved fairness and risk sensitivity, while encouraging smoothing measures to avoid volatility and monitoring potential metric overlaps.
  • FIA responds to CFTC retail DCO request with suggestion for simplified regulatory approach

    FIA invites the CFTC to consider a modified regime for fully collateralized and pre-funded clearing models, including those catering to retail traders.
  • FIA and ISDA respond to CPMI-IOSCO consultation on general business losses

    FIA and ISDA backed CPMI-IOSCO proposals, urging clearer prescriptive treatment of FMI general business losses, stronger resources, consistent scenarios, transparency, and rejecting margin gains haircutting.
  • FIA responds to CCIL consultation on capped member liability

    FIA submitted comments to the Clearing Corporation of India Limited's consultation on revising the capped member liability framework for Default Fund replenishment. FIA welcomed CCIL’s aim to improve transparency and predictability of members’ potential unfunded Default Fund exposure.