Central counterparties are a crucial element of resilient derivatives markets. As such, one of FIA's top priorities is protecting CCPs through assessing potential risks and ensuring our markets can function in an orderly and transparent fashion even in times of stress.
Explore FIA's Exchange Risk Controls Repository
FIA is building and maintaining a central repository of exchange-provided risk controls and practices in global cleared derivatives markets for the exclusive use of FIA members. In consultation with member firms, we developed a survey that helps provide greater transparency and facilitates risk-control benchmarking for global brokers, clearing firms, trading firms and commercial and institutional traders. This convenient centralized source of information about exchange risk controls makes it easier for firms to expand the range of markets that they use around the world.
FIA responds to Bank of England approach to discretionary payments by CCPs
FIA and ISDA have responded to the Bank of England's proposed statement of policy on discretionary payments by CCPs. The associations support the proposal but note they would welcome further guidance on how the BoE intends to consider the maintenance of public confidence in the UK financial system when using other supervisory and resolution powers.CONTINUE READING
FIA and ISDA support CCP access to Fed accounts
FIA and ISDA have jointly issued a letter of support to US Rep. Emmanuel Cleaver (D-Mo.) for his legislative efforts to expand access to deposit accounts offered by the Federal Reserve for clearinghouses regulated by the US Commodity Futures Trading Commission.CONTINUE READING
FIA and ISDA respond to SEC consultation on clearing agency recovery and wind-down plans
The Futures Industry Association (FIA) along with the International Swaps and Derivatives Association (ISDA) has submitted comments on the Security Exchange Commission's (SEC) proposed rulemaking regarding Clearing Agency Resilience and Recovery and Wind-Down Plans.CONTINUE READING
CFTC committee discusses market risk issues
The US Commodity Futures Trading Commission held a meeting of its Market Risk Advisory Committee (MRAC) on 10 July, discussing wide-ranging issues including CCP risk and governance, interest rate benchmark reform, market structure issues, and climate-related market issues.CONTINUE READING