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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.

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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 responds to ESMA consultation on margin transparency requirements

    FIA has responded to the European Securities and Markets Authority’s consultation on margin transparency requirements, urging the regulator not to mandate overly prescriptive requirements for clearing member firms, particularly those that do not apply their own margin models but simply pass through clearinghouses’ margin requirements to clients. 

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  • FIA submits request for clarification on EMIR 3.0 active account representativeness

    FIA, ISDA and the European Fund and Asset Management Association have shared a paper with EU policymakers, requesting clarification on the implementation of the active account requirement under the European Market Infrastructure Regulation (EMIR 3.0) in relation to representativeness. The associations request regulatory guidance, with a view to standardising compliance and avoiding fragmented implementation of requirements across EU member states.

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  • FIA and ISDA respond to Reserve Bank of Australia guidance for the clearing and settlement facility resolution regime

    FIA and ISDA urge greater clarity in the RBA’s draft guidance on clearing and settlement facility resolution to enhance transparency, communication and market stability during interventions.

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  • How clearing members managed market volatility

    Speaking at the 2025 IDX conference, clearing members discussed how investments in operations helped many manage the impact of recent volatility spikes.

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