The EU T+1 Industry Committee has published a high-level road map for the transition to a T+1 settlement cycle for securities on 11 October 2027. The road map contains a set of recommendations developed collaboratively by association representatives and workstream leads from various industry segments.
CONTINUE READINGFIA has responded to ESMA’s consultation paper on draft technical standards, which provide further details for the new EMIR 3.0 clearing thresholds regime. FIA broadly agrees with the proposed uncleared thresholds but raises concerns about the reductions for IRDs and commodity derivatives, citing inflationary pressures and the importance of maintaining competitiveness with other jurisdictions.
CONTINUE READINGResponding to the European Commission’s consultation on capital markets integration, FIA calls for simplification and burden reduction, makes recommendations on post-trading issues, distributed ledger technology and asset tokenisation, and adds to the debate on supervision.
CONTINUE READINGFIA has filed comments with the US Securities and Exchange Commission in response to CME Securities Clearing's application and proposed rules to clear cash and repo treasury transactions.
CONTINUE READINGBanks, broker-dealers, asset managers and other participants in the US Treasury market are scrambling to comply with a regulatory mandate to step up their use of central clearing.
CONTINUE READINGAs the time-limited equivalence decision for UK CCPs expires on 30 June 2025, FIA and several other trade associations urge the European Commission to extend the equivalence decision for UK CCPs in a non-time-limited manner and well in advance of 31 March 2025.
CONTINUE READINGIn addition to discussing conflicts of interest, roundtable participants shared their views on the custody and delivery of digital assets, full collateralization, 24/7 trading and non-intermediated clearing with margin.
CONTINUE READINGThe European T+1 Industry Task Force, comprising 21 trade associations involved in European capital markets including FIA and FIA EPTA, has published a report titled "High-level Roadmap for Adoption of T+1 in EU Securities Markets."
CONTINUE READINGFIA COO Jackie Mesa moderated a discussion with Commodity Futures Trading Commission Chair Rostin Behnam at the 2024 Treasury Market Conference, an annual event co-hosted by the US Treasury Department, the Federal Reserve Board of Governors, the Federal Reserve Bank of New York, the Securities and Exchange Commission, and the CFTC. Behnam addressed FMX’s entrance into the US interest rate futures and the role of LCH as the clearinghouse for FMX.
CONTINUE READINGFIA, AIMA, EBF, EFAMA and ISDA have sent a letter urging the European Commission and European Supervisory Authorities to clarify that market participants are not required to implement the European Market Infrastructure Regulation (EMIR 3.0) Level 1 provisions prior to the date of application of the associated Level 2 regulatory technical standards (RTS).
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