Market Structure archive
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EU capital markets reform takes centre stage at FIA Brussels Forum
Europe’s push to strengthen its capital markets took centre stage at an FIA forum in Brussels this month, with policymakers and market participants examining the European Commission’s Market Integration and Supervision Package and proposed reforms to ESMA’s supervisory powers.
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EU capital markets reform takes centre stage at FIA Brussels Forum
Europe’s push to strengthen its capital markets took centre stage at an FIA forum in Brussels this month, with policymakers and market participants examining the European Commission’s Market Integration and Supervision Package and proposed reforms to ESMA’s supervisory powers.
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FIA statement on the European Commission’s market integration package
FIA welcomes the European Commission's market integration package of measures, which aim to remove market barriers and enhance competitiveness in EU financial markets. FIA strongly supports these objectives and looks forward to reviewing and commenting on whether the goals of simplification and burden reduction will be achieved by the proposals.
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FIA announces new client clearing model in Europe
The FIA-sponsored European Agent Trustee Model (EATM) has gone live at LCH Ltd for its SwapClear service, marking an important milestone in a multi-year project between FIA, a consortium of bank clearing members, two European clearinghouses, and external counsel.
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FIA responds to BoE on enhancing the resilience of the gilt repo market
FIA advocates for market-led, voluntary clearing of gilt repo transactions in response to the Bank of England Discussion Paper on enhancing the resilience of the gilt repo market.
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Viewpoint – Let’s get serious about SEC-CFTC collaboration
The pace of change is undoubtedly quickening in our markets. We must have a regulatory structure that can keep up with the markets.
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FIA Forum Paris: Panellists urge EU-wide supervision, discuss EMIR 3.0 hurdles
Regulators and market leaders debated the merits of centralised supervision in the EU, challenges in implementing EMIR 3.0, and the UK’s approach to systemically important clearinghouses, among other topics, at FIA’s forum in Paris.
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FIA comments on ICE's US Treasury clearing proposal
FIA filed comments with the US Securities and Exchange Commission responding to ICE Clear Credit's proposed US Treasury clearing rules. The letter commends ICC for its efforts to expand its clearing services to the U.S. Treasury market and recommends refinements to certain aspects of the proposed rules to ensure predictability and clarity for clearing firms and market participants that will participate on ICC's platform, once approved.
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FIA responds to ECB consultation on extension of T2 operating hours
FIA appreciates the opportunity to provide feedback to the European Central Bank (ECB) Consultation Paper on the extension of T2 (formerly TARGET 2) operating hours. In the short term, FIA Members suggest moving to a 23 hours / 5 days a week T2 payment settlement model for use on a voluntary basis, with the T2 closing window being reduced to one hour.
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FIA submits request for clarification on EMIR 3.0 active account representativeness
FIA, ISDA and the European Fund and Asset Management Association have shared a paper with EU policymakers, requesting clarification on the implementation of the active account requirement under the European Market Infrastructure Regulation (EMIR 3.0) in relation to representativeness. The associations request regulatory guidance, with a view to standardising compliance and avoiding fragmented implementation of requirements across EU member states.
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