FIA supports many elements in the proposal, which will improve the competitiveness and attractiveness of EU CCPs. However, the EMIR 3.0 package also contains proposals that may ultimately negatively impact the competitiveness of EU firms, harm the efficiency and resiliency of the clearing ecosystem, and impact EU investors and pension funds.
CONTINUE READINGFIA has responded to a consultation published by the European Securities and Markets Authority (ESMA) seeking input on the current calibration of the antiprocyclicality tools, and whether proposed revisions to existing Regulatory Technical Standards (RTS) may be necessary.
CONTINUE READINGFIA recommends the European Commission takes into account international practices and continues the coordination of cross-border clearing and capital frameworks at an international level.
CONTINUE READINGFIA jointly with ISDA has submitted its response to the BoE’s proposed approach to tiering under UK EMIR 2.2.
CONTINUE READINGOn 19 January, FIA and ISDA jointly submitted its respond to ESMA's Discussion Paper on the review of the clearing thresholds under EMIR.
CONTINUE READINGFIA submitted a response to ESMA's consultation on September 30 on the draft Guidelines for derivatives reporting under EMIR that highlights key areas where additional clarity and guidance is required from ESMA to ensure consistent interpretation and implementation of reporting rules to enable improved data quality, accuracy and completeness of reported data under EMIR Refit.
CONTINUE READINGFIA and ISDA have responded to ESMA’s consultation on their “Draft Guidelines on common procedures and methodologies on supervisory review and evaluation process of CCPs under Article 21 of EMIR”.
CONTINUE READINGThe 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.
CONTINUE READINGFIA today responded to the European Commission consultations on EMIR 2.2 Delegated Acts for the criteria for tiering of classifying a third-country CCP as systemically important and comparable compliance for Tier 2 third-country CCPs. The response was submitted jointly with the International Swaps and Derivatives Association (ISDA).
CONTINUE READINGIn 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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