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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 recommend changes to Singapore’s capital framework for clearinghouses

    On January 22, FIA and ISDA jointly responded to a consultation from the Monetary Authority of Singapore on proposed amendments to the capital framework for approved exchanges and approved clearinghouses.

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  • Navigating a New Era in Derivatives Clearing

    In recent years, the landscape of global central counterparty margin models has witnessed a significant transformation in risk management. Central to this shift is the migration from the long-established Standard Portfolio Analysis of Risk (SPAN) model to various Value-at-Risk (VaR) based models for the purpose of calculating margin for exchange-traded derivatives.

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  • CFTC wrestles with new clearinghouse models

    The Commodity Futures Trading Commission is attempting to update its regulatory framework for derivatives clearinghouses to address the rise of new business structures that integrate certain functions that previously were separated. The agency’s five commissioners disagree on the way forward, however, with some calling for moving forward one step at a time and others urging a slower, more comprehensive approach. Two pending proposals have brought these differences to light.

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  • CFTC Market Risk Advisory Committee discusses clearing firm consolidation, operational resilience, and CCP risk

    The US Commodity Futures Trading Commission held a meeting of the Market Risk Advisory Committee on 11 December to discuss several current policy issues affecting the derivatives industry.

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