Europe News
The latest industry and regulatory news affecting Europe and the U.K.
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FIA EPTA response to the ESMA consultation on the review of certain aspects of the Short Selling Regulation
FIA EPTA appreciates the opportunity to provide feedback to the European Securities and Markets Authority (ESMA) on the consultation on the review of certain aspects of the Short Selling Regulation. FIA EPTA is of the view that short-selling bans are harmful to the orderly functioning of markets. We note the unnecessary operational risks that were a consequence of short selling bans implemented inconsistently and with limited lead-time last year.
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CEPS discussion - More time needed to build up clearing capacity in the EU
Getting the balance right on euro clearing could take a few years as the European Union works to improve the attractiveness of clearing and encourage infrastructure development in the bloc, a top European Commission official said.
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Press release: Turning The Tables On Liquidity Provision – Download The Report
Europe’s trading landscape is being fundamentally reshaped as asset managers transform from ‘liquidity takers’ to ‘liquidity makers’. Our new report Turning the Tables on Liquidity Provision lays bare the changes taking place in the UK and EU’s capital markets as the after-effects of the pandemic continue to be felt. In particular, equity and fixed-income markets are at the point of a radical shake-up as the buyside settles into the liquidity driving seat. And the impact has prompted calls for the current regulatory rulebook to be overhauled to keep pace with the changes, or risk falling behind.
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Derivatives industry cautiously optimistic on UK clearing proposals
Bank of England says it will not "politicise" how it supervises non-UK CCPs
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FIA Statement on Commissioner Mairead McGuinness comments on central clearing
A today issued the following statement on Commissioner Mairead McGuinness announcement on the proposed way forward for central clearing:
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EU's Fit for 55: What it means for derivatives markets
Ahead of the United Nations' COP26 climate conference, FIA's MarketVoice looks at the EU's "Fit for 55" climate package and its implications for the global derivatives markets.
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FIA responds to ESMA on EMIR trade reporting
FIA 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.
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#WeAreMarketMakers Campaign Launched To Promote Better Understanding Of Market Making Firms In Europe
A new campaign to promote better understanding of modern market making, what it does and its benefits for wider society, has been launched today. #WeAreMarketMakers is a campaign by FIA EPTA, the European industry body for independent market making companies, as part of its 10th Anniversary activities. The project is not only supported by FIA EPTA’s 30 member firms, but also by others in the markets community that work directly with and alongside the industry.
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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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