Operational Resilience
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FIA joins trade associations and businesses to urge Trump Administration and Federal officials to keep markets open
"Keeping all U.S. financial markets open is essential to the well-being of the general economy and vital to maintaining and bolstering investor confidence, particularly once the economy recovers from the effects of this pandemic,” said the group.
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Update on FIA’s response to COVID-19 Coronavirus
With the health and well-being of our society in the forefront of our minds, FIA has implemented several measures to keep members informed of issues related to the Covid-19 Coronavirus and to continue normal operations.
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Business continuity and disaster resilience test findings published
The FIA Market Technology division completed its 15th annual continuity of business and disaster resilience test on Oct. 13, 2018. A full report on the test and its findings have been released.
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FIA comments on UK’s financial operational resilience discussion paper
FIA submitted comments on 5 October to the Bank of England, Prudential Regulation Authority and Financial Conduct Authority on their discussion paper about building the UK financial systems operational resilience.
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FIA comments on ECB draft cyber resilience oversight expectations
FIA offered comments to the European Central Bank on June 5 regarding the draft cyber resilience oversight expectations for financial market infrastructures.
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FIA Board Member, Ed Pla, speaks at CFTC’s MRAC meeting
Opening Statement of Ed Pla, Global Co-Head of Clearing and Execution for UBS, to the Market Risk Advisory Committee of the Commodity Futures Trading Commission
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FIA Market Technology Division simulates cyber-attack on clearinghouse
The FIA Market Technology Division has published a summary report on “Operation Blow Torch”, the inaugural annual cybersecurity scenario workshop.
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Special Report - CFTC's Giancarlo testifies at Congressional hearing
The House Agriculture Committee held a hearing on Oct. 11 to receive an update from Chris Giancarlo, the chairman of the Commodity Futures Trading Commission, on the CFTC’s agenda. Giancarlo's testimony covered a wide range of issues and initiatives at the CFTC, including cybersecurity, fintech, enforcement, Project KISS, swap trading and reporting rules, clearinghouse supervision, and cross-border issues.
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Special Report - CFTC reviews default management recommendations
At an April 25 meeting of the CFTC's Market Risk Advisory Committee, CFTC staff and industry representatives discussed ways to enhance the process used by clearinghouses for managing the default of a clearing member.
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Special Report - CME, Eurex and LCH to hold coordinated test of default management procedures
The Bank of England announced on Nov. 17 that three leading derivatives clearinghouses will hold a coordinated exercise in the first half of next year to test their procedures for managing a clearing member default.
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