FIA and FIA EPTA have submitted responses to three consultations issued by the European Supervisory Authorities on the second batch of policy products under the EU Digital Operational Resilience Act (DORA). The consultations cover regulatory technical standards on the subcontracting of information and communication technology (ICT) services, content, timelines and templates for incident reporting, and threat-led penetration testing.
In recent years, the landscape of global central counterparty margin models has witnessed a significant transformation in risk management. Central to this shift is the migration from the long-established Standard Portfolio Analysis of Risk (SPAN) model to various Value-at-Risk (VaR) based models for the purpose of calculating margin for exchange-traded derivatives.
The Commodity Futures Trading Commission has proposed a rule to require futures commission merchants, swap dealers and major swap participants to establish an “operational resilience framework.”
At FIA's Expo conference in Chicago on 2 October, a diverse panel of experts had a frank discussion about the future outlook for the technology and the path to widespread adoption of tokenized collateral. The general consensus was that the industry is a long way from a widespread embrace of the technology, but market participants are still making steady progress and strategic investments in the future of this technology.
FIA today released a report that contains lessons learned from a recent cyber incident and sets out six recommendations for improving the derivatives industry's ability to withstand future attacks.
FIA has released a comprehensive paper, "Best Practices for Exchange Volatility Control Mechanisms," which provides essential guidance for designing robust Volatility Control Mechanisms (VCMs) at derivatives exchanges.
FIA has responded to the European Supervisory Authorities’ consultations on the first batch of policy products under the Digital Operational Resilience Act (DORA). While FIA generally supports the ESAs’ proposed changes, the responses highlight remaining industry concerns and areas where more clarity is needed.
The US Commodity Futures Trading Commission held a meeting of its Technology Advisory Committee (TAC) on 18 July, touching on topics including the use of artificial intelligence, decentralized finance, and cyber resilience for financial markets.
Industry leaders at FIA's IDX conference acknowledged the continued resilience of global derivative markets amid recent disruptions, but noted several new areas of improvement and opportunity as the industry looks to the future with a focus on market liquidity.
