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Brexit

FIA is closely monitoring the U.K. withdrawal from the European Union in the area of financial services. We continue to work with regulators in the U.K. and the E.U. and with our members to provide for a smooth transition when it comes to derivatives clearing.

  • FIA responds to FCA consultation on ancillary activities exemption

    FIA supports replacing the market share test with an annual threshold test, but raises concerns about the suggested inclusion of trading venue activity. Doing so would add complexity, increase compliance costs, and reduce UK competitiveness relative to the EU and the US, where only non-venue derivatives are counted.

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  • Viewpoint – A hard reset: A return to recognition

    A recent policy document details the return of the UK’s recognition approach for regulating cross-border business that the UK helped develop nearly forty years ago. This nuanced change would unlock tremendous capacity for our industry to grow and return our markets to a more outcomes-based approach that could kick-start productivity in our global markets.

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  • ISDA, SIFMA and FIA comments on enhanced supplementary leverage ratio reforms

    FIA, ISDA and SIFMA strongly support the proposed recalibration of the Enhanced Supplementary Leverage Ratio and urge the Federal Reserve, FDIC, and OCC to finalize the proposal as soon as possible, with an effective date no later than 1 January 2026.

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  • FIA data shows shift in hedging practices from futures to options 

    Increases in margin requirements in the oil, agriculture and metals markets over the past five years have resulted in a significant shift in hedging practices from futures to options. 

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Access a full archive of older FIA work related to Brexit