Clearing
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FIA and ISDA publish paper on non-default losses at clearinghouses
FIA and ISDA published a primer on the issue of non-default losses (NDL) at clearinghouses.
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FIA, ISDA and IIF comment on FSB paper on clearinghouse resolution and equity
FIA, the International Swaps and Derivatives Association (ISDA), and the Institute of International Finance (IIF), (collectively the Associations), submitted a comment on the Financial Stability Board’s (FSB) consultation paper “Financial resources to support CCP resolution and the treatment of CCP equity in resolution.”
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FIA releases midyear 2020 advocacy report
FIA is proud to be your voice and tireless advocate during these challenging times. This has been an extraordinary year like no other we have seen. The COVID-19 pandemic has brought an unprecedented health and economic crisis to our global community. Yet these uncertain times require us to rise to the occasion and meet these problems head-on with creative solutions and innovative ideas. FIA is energized to be your partner through these difficult days ahead.
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Brexit and its Impact on the Cleared Derivatives Markets: A Primer
The UK left the EU on 31 January 2020 and is in a transitional period that ends on 31 December 2020. During this period, EU law continues to apply in and to the UK and UK financial services firms continue to benefit from all existing EU rights, as do EU firms operating in the UK.
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CFTC’s Market Risk Advisory Committee discusses margin volatility and LIBOR transition challenges
The US Commodity Futures Trading Commission held a meeting of its Market Risk Advisory Committee (MRAC) on July 21 via teleconference, covering a wide range of topics including the impact of the pandemic on derivatives markets, the current status of the transition away from the Libor benchmark, and an upcoming report on climate-related financial risks.
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FIA Supports legislative efforts to grant CCPs access to the Federal Reserve deposit accounts
FIA and ISDA sent a letter to U.S. Rep. Emmanuel Cleaver (D-Mo.) and other Congressional leaders in support of legislative efforts to grant derivatives clearinghouses access to deposit accounts offered by the U.S. Federal Reserve.
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CCP equivalence clarity needed by September to avoid cliff edge, say panellists
European Commission official says Brussels will not wait until last minute to make its intentions known, but markets should prepare for all possible outcomes
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Cross border clearing and market access: EMIR 2.2 and Brexit
In this webinar, speakers share their views on the upcoming equivalence approach, the potential impact of market fragmentation on global markets, and implications for the continued growth of derivatives clearing in Europe.
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FIA and ISDA position paper on the CSDR settlement discipline regime
The Futures Industry Association (FIA) and the International Swaps and Derivatives Association (ISDA) have published a position paper outlining their members’ concerns in relation to the settlement discipline regime under CSDR (effective February 2021), which has a number of unintended consequences for derivatives contracts, particularly regarding margin transfer and physically settled derivatives business.
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FIA and ISDA respond to the European Securities and Markets Authority’s (ESMA) “First report for consultation: central clearing solutions for pension scheme arrangements (PSA)”
FIA and ISDA respond to the European Securities and Markets Authority’s (ESMA) “First report for consultation: central clearing solutions for pension scheme arrangements (PSA)” focusing on topics that affect the clearing market.
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