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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 and ISDA support CFTC and SEC's review of portfolio and cross-margining programs

    FIA and ISDA have submitted a joint response to a request for comment on the CFTC and SEC's administration of portfolio margining and cross-margining programs, welcoming the agencies' efforts to expand appropriately tailored risk-based margin frameworks across securities and derivatives markets.
  • FIA and ISDA respond to FICC's proposal to establish a Guaranty Fund at its Government Securities Division

    FIA and ISDA welcome the FICC's proposed GSD Guaranty Fund but urge the SEC and FICC not to mutualise non-default losses and to preserve the ten-day cooling-off period.
  • FIA responds to CFTC consultation on 24/7 and perpetuals in energy

    FIA encouraged the agency to assess 24/7 and perpetual products through two different lenses: readiness and appropriateness.
  • FIA commends CFTC for prediction markets rule, urges further action

    FIA’s latest response notes that prediction markets can serve important functions, including aggregating information and enabling market participants to manage exposure to a broad range of events. FIA commits to working with the CFTC to develop an effective and durable regulatory framework for prediction markets.
  • FIA responds to CPMI-IOSCO consultation on updated CCP resilience guidance and PQDs

    FIA responds to CPMI-IOSCO's consultation on CCP resilience and PQDs, calling for stronger margin transparency, broader client access to simulation tools and a Level 3 post-implementation review.
  • 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.