Market Structure archive
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Top China official shares outlook for derivatives markets
FIA President and CEO Walt Lukken sat down with Vice Chairman Fang Xinghai of the China Securities Regulatory Commission for a discussion on the development and opening-up of China's futures markets as part of the FIA Asia-V conference on 1 December.
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Associations send letter to Commission on DTO equivalence
On December 9, FIA, ISDA and six other trades associations (the Association for Financial Markets in Europe, the Alternative Investment Management Association, the European Banking Federation, Electronic Debt Markets Association Europe, the European Venues and Intermediaries’ Association and the asset management group of the Securities Industry and Financial Markets Association) sent a letter requesting that the European Commission recognize the equivalence of UK trading venues for the purposes of the derivatives trading obligation before the end of the Brexit transition period.
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Covid-19, geopolitical issues under the spotlight at FIA Asia-V
Industry experts note markets are resilient, but regulatory fragmentation remains a challenge
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Experts credit technology, cross-border ties for booming Asia derivatives markets
Trades are coming into and out of Asia with increasing frequency as China continues to open up
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European Commission urged to issue equivalence determinations before end of transition period
On 30 November, FIA jointly with ISDA, AIMA, AFME, ICI Global, EBF and EFAMA submitted a letter recommending the European Commission to issue equivalence determinations under EMIR Art 2a before the end of the transition period, in order to ensure that EU firms can benefit from treatment similar to that available to firms established in the UK, avoiding unintended consequences that would have an impact on their risk management or investment activities.
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FIA submits response to FCA Consultation Paper on its approach to international firms (CP20-20)
On 27 November, FIA responded to the UK Financial Conduct Authority’s consultation on its approach to international firms.
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FIA supports ASX default management proposals
In recent comments to an ASX consultation on default management issues, FIA’s members are strongly in favour of consultations with a CCP’s wider membership on default management arrangements.
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FIA and GFMA comment on China’s draft Personal Information Protection Law
FIA and GFMA wrote in support of a draft law in China to establish reasonable and proportionate mechanisms to safeguard personal information.
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FIA Expo - Derivatives markets should prioritize same-day trade processing/give-up acceptance, industry experts say
Bouts of extreme volatility, record volume, and market stress hit the market in early 2020 in the wake of the COVID-19 pandemic. However, participants at an FIA Expo panel on 11 November noted that this real-world stress test of the clearing industry provided an important opportunity to identify core areas of the model that need enhancement and modernization.
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FIA paper on the necessity, path and related issues of opening the financial futures market
FIA greatly appreciates CFFEX’s interest in these critical topics that affect the global financial markets and the end-users who rely on derivatives products for price certainty and to hedge their risks. FIA strongly supports the regulatory recognition and deference model that has been the foundation of the futures industry for years. Identical rules, on a line-by-line basis, implemented globally across jurisdictions is impracticable.
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