Search

EPTA News

  • FIA EPTA response to the FCA’s CP22/12 on Improving Equity Secondary Markets

    FIA EPTA is appreciative to the FCA for taking the lead in designing an improved post-trade transparency regime which should benefit the efficiency and competitiveness of UK capital markets. FIA EPTA members found broad support for the FCA’s proposals and found them to be mostly welcome enhancements to the current approach to post-trade transparency.

    CONTINUE READING
  • FIA EPTA Response to IOSCOs Decentralised Finance (DeFi) paper

    In the paper, IOSCO lays out a general overview of the DeFi space, and some of the challenges and risks regulators see. FIA EPTA and its members are becoming part of the DeFi space and are pleased to see the growing interest from policymakers and regulators. One of the key challenges that the IOSCO paper tried to tackle is defining what DeFi is, this is also an issue faced by market participants as there is no general view on DeFi yet.

    CONTINUE READING
  • FIA EPTA response to the EBA Discussion Paper on the role of Environmental Risks in the Prudential Framework

    FIA EPTA welcomes the opportunity to respond to the European Banking Authority (EBA) Discussion Paper on the role of Environmental Risks in the Prudential Framework. In 2019 FIA EPTA established a Sustainable Finance Committee for its member firms to explore how liquidity providers can contribute to the green transition. It is FIA EPTA’s view that sustainable finance offers a great promise in unlocking investment capital that is essential for fighting climate change and mitigating its impact for citizens.

    CONTINUE READING
  • FIA EPTA response to IOSCO Consultation Report CR04/22: Exchange Traded Funds – Good Practices for Consideration

    FIA EPTA appreciates the opportunity to comment on IOSCO’s proposed good practices, which we generally welcome. FIA EPTA supports open, fair, transparent and competitive markets. These principles have informed our responses. For example, we believe it is critical to ensure funds’ AP selection processes remain fair and open to new entrants, as this ultimately benefits end-investors and market resilience.

    CONTINUE READING
  • FIA EPTA response to the UK Government Call for Evidence to support its update of the Green Finance Strategy

    FIA EPTA welcomes the opportunity to respond to the United Kingdom (UK) Government Call for Evidence to support its update of the Green Finance Strategy.  FIA EPTA members believe that the UK Government is at the forefront of the global fight against climate change and mitigating its impact on citizens. The UK Government showed its leadership during COP26 in Glasgow and with the review of many legislative initiatives as also this Call for Evidence shows.

    CONTINUE READING
  • FIA EPTA members elect new Executive Committee

    FIA EPTA’s members have elected a new Executive Committee (ExCo) as the governing body of the industry organization. Niels Lemmers (Flow Traders B.V.) and Mark Spanbroek (Independent) were re-elected for a two-year term and Emma Lokko (Susquehanna International Group Limited) and Alistair McGrath (Tower Research Capital Europe Limited) were newly elected. Mark Spanbroek was re-elected for his final term as Chairman and Niels Lemmers was elected as Vice Chair, both unanimously by the ExCo members of FIA EPTA.  

    CONTINUE READING
  • FIA EPTA response to the European Commission consultation on the functioning of the ESG ratings market in the European Union and on the consideration of ESG factors in credit ratings

    FIA EPTA welcomes the opportunity to respond to the European Commission consultation on the functioning of the ESG ratings market in the European Union and on the consideration of ESG factors in credit ratings FIA EPTA members believe regulation is needed to build credible and meaningful ESG ratings. Investors need the ESG ratings for their investment decisions, as ESG investments are growing, the demand for ESG ratings will only grow.

    CONTINUE READING
  • FIA EPTA response to the ESMA Consultation Paper on ESMA’s Opinion on the trading venue perimeter

    FIA EPTA appreciates the opportunity to provide feedback to the European Securities and Markets Authority (ESMA) on the consultation on ESMA’s Opinion on the trading venue perimeter. FIA EPTA considers that ESMA’s approach to defining multilateral systems is overly broad and risks creating further confusion and inconsistencies in the application of MiFID II across the Union.

    CONTINUE READING
  • FIA EPTA response on the BaFin Consultation on a planned General Administrative Act regarding Futures with additional payment obligations

    FIA EPTA members would like to emphasise that we value and support the objective by BaFin to prioritise investor protection. We agree that it is of the utmost importance to ensure that financial markets are transparent and safe for retail investors. However, as said, we do not consider that banning listed futures trading for retail investors, as now proposed by BaFin, will contribute to this objective, and in our view rather the opposite.

    CONTINUE READING
  • FIA EPTA response consultation on the review of the central clearing framework in the EU

    FIA EPTA members believe that the Commission should firstly focus on opportunities to incentivise clearing of new transactions on EU CCPs as moving legacy positions to another CCP will create issues around higher cost and increased risk of closing and re-opening the cleared position on the market. FIA EPTA members believe that harmonisation of the different EU legal frameworks for cross-border activity would be helpful as EU CCPs require complex legal structures to ensure the enforceability of their rules in a default situation.

    CONTINUE READING