FIA responds to EMIR 3.0 proposal and prudential requirements
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.
FIA warns proposed SEC safeguarding rule may harm FCMs, advisers and customers
May 10, 2023 CONTINUE READINGFIA responds to CSRC consultation paper on draft rules on the supervision and administration of futures companies
April 22, 2023 CONTINUE READINGFIA files position paper on proposed MiFID II/MiFIR changes in relation to commodities
April 5, 2023 CONTINUE READING
Key Issues
Publications & Filings
ETD Volume - April 2023
Worldwide volume of exchange-traded derivatives reached 8 billion contracts in April. This was down 24.3% from March 2023 but up 37.5% from April 2022.
CONTINUE READINGEvent Contracts
Clifford Chance will discuss the evolving US regulatory framework for event contracts, recent CFTC developments and the current state of play, with a focus on sports and political event contracts.
CONTINUE READINGKeeping derivatives markets "open and safe for the real economy"
Opening remarks of Walt Lukken, President and CEO of FIA, at the FIA Forum in Brussels, on 23 May2023. As prepared for delivery.
CONTINUE READING
April 2023 SEF trading activity
Trading volume on swap execution facilities reached $857.2 billion in average notional value per day during April 2023. This was down 32.8% from the previous month and down 3.4% from the same month of the previous year.
CONTINUE READINGFIA defends importance of settlement and price discovery in Texas court filing
FIA has filed an amicus brief with the Supreme Court of Texas in the case of Public Utility Commission of Texas v. Luminant Energy Company, stressing the importance of finality of settlement and price discovery in Texas’ wholesale electricity and related derivatives markets.
CONTINUE READINGFIA responds to EC consultation on REMIT
FIA, jointly with FIA EPTA and ISDA, has responded to the European Commission’s “Have your Say” on Wholesale energy markets – improving EU protection against market manipulation. This review of REMIT is being discussed by co-legislators alongside a review of the EU’s Electricity Market Design. In the response, the associations voice their concerns regarding several of the draft amendments in the legislative proposal.
CONTINUE READING
