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FIA clearing members oppose public entity exemptions from margin requirements

28 July 2018

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FIA submitted a letter to the European Commission and European Securities and Markets Authority on July 27 expressing opposition to the idea of allowing public entities to be exempt from obligations to provide derivatives clearinghouses with default fund contributions and initial margin. These requirements apply to all other clearing members and if granted the exemptions, such public entities would get the benefits of clearing at the expense of other clearing members, FIA said.