Advocacy

Continuous trading is no longer a theoretical concept in global markets. As digital assets, tokenisation and evolving
customer expectations reshape financial markets, exchanges and intermediaries are increasingly examining how trading hours may expand beyond traditional schedules.

FIA supports expanding eligible CCP collateral for non-financial counterparties under EMIR 3.0, calling for substance-over-form recognition of letters of credit and mandatory clearing member protections.

FIA offers a series of recommendations in formulating clear, workable rules and enhancing existing regulatory practices, all rooted in the Commodity Exchange Act's core objectives of promoting responsible innovation and preserving sound risk management.

FIA has submitted a response to Osaka Exchange's consultation on proposed revisions to the method of setting the contract months of Nikkei 225 Mini Options. FIA welcomes OSE’s proposal to introduce additional weekly expiries, noting that a broader range of short‑dated options can support more flexible and precise risk management for market participants.

FIA has published a position paper welcoming the European Commission’s Market Integration and Supervision Package and setting out targeted recommendations to strengthen the framework.

FIA's response outlines proposals for a better rulemaking process in the EU and lists examples where an unlevel playing field between EU banks and global competitors has been identified. It also suggests a different regime for the determination of QCCP status for capital purposes, advocates for a change in the GSIB treatment of the principal model for cleared OTC derivatives, and calls for a permanent central bank reserves exemption from the leverage ratio.