Clearing
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Industry urges EU to extend relief for cross-border intragroup transactions
FIA joined ISDA and four other trade bodies and wrote to the European Commission and European Supervisory Authorities to request they extend the current temporary derogations from clearing and margining requirements for intragroup transactions where at least one group entity is in a non-EU jurisdiction.
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FIA contributes comments to UK HM Treasury’s Wholesale Markets Review
FIA commented on the HM Treasury’s (HMT) Wholesale Markets review as part of the UK government’s efforts to establish how UK markets should adapt following the UK’s departure from the EU.
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CCP recovery and resolution comparative review between FSB, EU and UK frameworks
FIA and ISDA have initiated a comparative review produced by Allen & Overy between the EU, UK and FSB CCP recovery and resolution frameworks. The UK framework includes HMT’s proposals for an expanded resolution regime (February 2021).
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FIA and ISDA respond to ESMA’s consultations on CCP recovery & resolution
On 20 September, FIA and ISDA jointly responded to ESMA’s seven consultations on recovery-related topics in the CCP R&R regulation (CCPRRR).
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Joint trade association letter to EC on equivalence and recognition of UK CCPs
Nine industry associations (AFME, AIMA, EAPB, EBF, EFAMA, FIA, ICI, ISDA, SIFMA AMG) – representing the broadest group of market participants – have written to European Commissioner Mairead McGuinness, respectfully requesting that the European Commission (EC) extend the EC equivalence decision for UK CCPs.
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FIA submits comments to the OSE and TOCOM consultation on the introduction of derivatives holiday trading
On 15 June, 2021, FIA responded to proposals on the “Introduction of Derivatives Holiday Trading” issued by Osaka Exchange, Inc. (OSE) and Tokyo Commodity Exchange, Inc. (TOCOM) (together, the “Exchange”).
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Enhancing the clearing ecosystem: post trade processing and clearing
FIA Operations presents a panel on Post Trade Processing and Clearing. In this webinar, our panelists guide us through a discussion exploring the lifecycle of a trade, including the operational nuances of Give-up, Average Pricing, and Allocation processes, as we look to enhance our clearing ecosystem for 2021 and beyond.
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FIA and ISDA respond to HM Treasury’s CCP resolution consultation
Members of FIA and ISDA welcome HM Treasury’s proposals for an expanded resolution regime for UK central counterparties, which, due to the UK’s active participation and contributions, are mostly in line with international guidelines and are closely aligned with the EU’s CCP recovery and resolution framework.
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CCP12, EACH, FIA and ISDA publish a paper to address CPMI/IOSCO category 1 topics
In the report “Central counterparty default management auctions – Issues for consideration", the Committee on Payments and Market Infrastructures (CPMI) and the Board of the International Organization of Securities Commissions (IOSCO) described issues for further industry work to consider the design and conduct of default management auctions. This paper, developed by CCP12, EACH, FIA, and ISDA, addresses several terminology and operational issues where there is broad industry consensus to support further development.
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FIA comments on the implementation of Basel standards
On 30 April 2021, FIA submitted a response to the UK Prudential Regulation Authority (PRA) consultation on the implementation of Basel standards (CP5/21).
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