While climate change and crypto assets are clearly top of mind, the policy agenda around them remains cloudy. Our markets can play a significant role in both.
The 2021 announcement that CME will close most of its trading pits caught some by surprise, but it shouldn’t have. We all knew this day was coming, but it doesn’t take the sting out of it
On 29 April, the National People's Congress, China's top legislature, published the text of a futures law for public consultation. This draft law has also been introduced to the NPC Standing Committee for review.
FIA strongly believes that the development of competitive, efficient and resilient markets is best achieved by market-driven solutions and client demand over the long term. Mandating where participants trade and clear would eliminate customer choice and harm the growth of financial market infrastructure by creating unintended costs and risks.
FIA is a strong believer in the power of markets, and the importance of making them accessible. However, if the recent retail revolution is indeed here to stay, then our industry needs to make some changes.
Climate change is a global problem that requires a global response. Cleared derivatives markets are sure to play a prominent role in this area, and continue developing the necessary tools to manage transition risks.
My former boss and mentor, Senator Richard Lugar of Indiana, was extremely proud of his grove of black walnut trees on his 604-acre farm southwest of Indianapolis. You might say he was obsessed with them.