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'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.
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.
Since the original calibration of the EMIR clearing threshold over a decade ago, structural shifts, including inflation, sustained increases in commodity prices and heightened market volatility, have significantly changed market dynamics. Despite these shifts, the clearing threshold framework has not been updated to reflect the new realities. Therefore, raising the clearing threshold is an important and urgent corrective measure.
FIA and a broad coalition of trade associations representing the entire energy value chain have signed a letter to European Commission President Ursula von der Leyen and European Council President António Costa setting out shared concerns regarding considerations to introduce a natural gas price cap in response to current geopolitical tensions.
FIA supports OCC’s stress‑aligned clearing fund allocation, noting improved fairness and risk sensitivity, while encouraging smoothing measures to avoid volatility and monitoring potential metric overlaps.
Opening remarks of Walt Lukken, President and CEO of FIA, at the 2026 FIA Global Cleared Markets Conference in Boca Raton, Florida. As prepared for delivery.
Following the US the federal bank regulatory agencies jointly issuing answers to frequently asked questions to clarify the capital treatment of tokenized securities, FIA and other financial trade associations welcomed the news and sought further action.
The paper highlights the need for 24/7 clearing and risk management to accompany 24/7 trading, ensuring sufficient liquidity in the markets, considering operational risk and utilising existing market principles and regulations to provide a roadmap.
FIA invites the CFTC to consider a modified regime for fully collateralized and pre-funded clearing models, including those catering to retail traders.
