FIA CEO testifies at House Agriculture Committee hearing
Walt Lukken, President and CEO of FIA, testified today at a US House Agriculture Committee subcommittee hearing on reauthorizing the Commodities Futures Trading Commission (CFTC).
FIA releases best practices for automated trading risk controls and system safeguards
July 18, 2024 CONTINUE READINGFIA calls for DORA supervisory guidance ahead of January 2025 application deadline
July 26, 2024 CONTINUE READINGFIA and FIA PTG support legal challenge of US FTC rule banning noncompete agreements
June 25, 2024 CONTINUE READINGFIA and Acuiti release report on challenges and opportunities for the European listed derivatives markets
June 18, 2024 CONTINUE READING
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FIA wrote in support of the US Federal Reserve's Expansion of Fedwire Funds Service and National Settlement Service Operating Hours proposal
FIA suggests the Fed should extend operating hours of the Fedwire Securities Service to align with the expanded hours of the Fedwire Funds Service and National Settlement Service. It also discussed the importance of a reasonable implementation period given the potential for extensive changes to rules and practices needed at federal market regulators, self-regulatory organisations and market operators, and the importance of all affected parties meeting in an open forum to discuss the potentially significant cascading effects of moving the Fedwire Funds Service and National Settlement Service to 22 hours a day, 7 days a week, 365 days a year.
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FIA responds to OCC proposed margin add-on charge
FIA acknowledges the need for stronger risk management but expresses concerns over the design and potential consequences of Options Clearing Corporation’s proposal. FIA believes that the current backward-looking, monthly-calibrated margin add-on falls short of providing adequate risk mitigation and should only serve as a temporary measure while a more precise and transparent system is developed.
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FIA outlines how successful derivatives markets will attract investor interest and support the enhancement of the CMU
FIA has published a paper outlining its views on how to support the progress of the European Union’s Capital Markets Union. The paper – Capital Markets Union at a Critical Juncture – sets out the role that derivatives play in effective capital markets. Specifically, FIA believes that centrally cleared derivatives are a key ingredient to building a strong CMU.
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FIA responds to EBA-ESMA review of prudential framework
FIA responded to the EBA-ESMA discussion paper on the European Commission call for advice on the investment firms' prudential framework, noting the importance of ensuring EU IFR/D is fit for purpose and that the application of prudential rules to commodity firms would be inappropriate, unduly complex, disproportionate and limit market entry for many small-size market participants.
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