Commodities archive
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FIA asks FERC to limit scope of communications rule
FIA has offered comments to the US Federal Regulatory Commission (FERC) regarding a proposed rulemaking that would substantially expand the scope of communications that are subject to FERC’s enforcement authority.
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FIA makes recommendations on circuit breakers
The current energy crisis has been driving prices of natural gas to record levels, impacting households and businesses. The European Commission has reacted by tasking the European Securities and Market Authorities to review different areas of the market, including the use of circuit breakers by energy trading venues. In a letter to ESMA and the European Commission, FIA makes recommendations and emphasizes controls should not be used to cap prices.
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FIA responds to CFTC Request for Information on climate-related financial risk
FIA has responded to the US Commodity Futures Trading Commission (CFTC) Request for Information (RFI), which sought public comment on climate-related financial risk to better inform its understanding and oversight of climate-related financial risk as pertinent to the derivatives markets and underlying commodities markets.
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Trade associations sign letter on safeguarding the EU ETS
FIA and seven other trade associations representing financial institutions and corporates have sent a letter to the Czech Presidency of the Council of the European Union, the European Commission and the European Parliament, calling for the proper functioning of the EU Emissions Trading System to be safeguarded. The joint letter follows harmful proposals to limit financial institutions' participation in the EU’s carbon market, which would significantly impair the efficient functioning of the EU ETS, jeopardising Europe’s decarbonisation efforts.
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A Futures Industry Perspective - How EU Policymakers Should Respond to the Energy Crisis
With Europe facing an extraordinary shortage of energy triggered by Russia’s invasion of Ukraine, prices for natural gas and electricity have reached record highs. FIA provides a high-level overview of the liquidity issues emerging in the futures markets and our perspective on some of the measures now under consideration to ease the impact on utilities and other firms facing extraordinarily large margin calls.
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FIA responds to FCA Quarterly Consultation No 35
FIA submitted a response to proposals by the U.K.'s Financial Conduct Authority regarding the UK MiFID II ancillary activities exemption calculation.
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FIA responds to proposed updated IOSCO commodities principles
FIA has filed a response to a consultation report on principles for the regulation of commodity derivatives from the Board of International Organization of Securities Commissions (IOSCO). The report, published in November 2021, aimed to reflect changes and developments in commodities derivatives markets since the publication of the existing IOSCO Principles for the Regulation and Supervision of Commodity Derivatives in 2011.
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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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Enhancing the clearing ecosystem: Physical deliveries
The FIA Operations Americas division presents a panel on physical deliveries processing and settlements. In this webinar, our panelists discuss the challenges and opportunities of processing physical deliveries, managing the differences across products, deadlines and exchanges as well as the settlement process.
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FIA submits response to ESMA consultation on technical standards for commodity derivatives
On 23 July, FIA and ISDA submitted a joint response to ESMA's consultation on technical standards (draft RTS 21 and ITS 4) for commodity derivatives following announced changes to the position limits regime as part of the MiFID II 'quick fix', which will apply from 28 February 2022.
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