FIA and ISDA have submitted a joint response to a request for comment on the CFTC and SEC's administration of portfolio margining and cross-margining programs, welcoming the agencies' efforts to expand appropriately tailored risk-based margin frameworks across securities and derivatives markets.
CONTINUE READINGFIA and ISDA welcome the FICC's proposed GSD Guaranty Fund but urge the SEC and FICC not to mutualise non-default losses and to preserve the ten-day cooling-off period.
CONTINUE READINGFIA encouraged the agency to assess 24/7 and perpetual products through two different lenses: readiness and appropriateness.
CONTINUE READINGFIA has submitted comments to the Hong Kong Special Administrative Region Government on its First Five-Year Plan for 2026–2030, recommending that the continued development of Hong Kong’s listed derivatives markets form an important part of the Plan.
CONTINUE READINGFIA supports the Bank of England’s initiative to extend RTGS/CHAPS settlement hours and recommends a phased approach, starting with 22x5 weekday operations to enhance liquidity management, cross-border payments, resilience, and market competitiveness while ensuring industry readiness.
CONTINUE READINGFIA recognises that consolidation could reduce the aggregate clearing fund requirement, simplify operations and enable more efficient funding management. At the same time, FIA emphasises the importance of preserving transparent and risk-sensitive loss allocation and avoiding material cross-product subsidisation between clearing qualifications with different participant and risk profiles.
CONTINUE READINGFIA’s latest response notes that prediction markets can serve important functions, including aggregating information and enabling market participants to manage exposure to a broad range of events. FIA commits to working with the CFTC to develop an effective and durable regulatory framework for prediction markets.
CONTINUE READINGFIA supports the FCA and Bank of England's vision that tokenisation can deliver material improvements in efficiency, resilience and functionality, particularly in post-trade processes.
CONTINUE READINGJoint industry statement calls to strengthen, through the MISP proposals, EU financial regulation by improving proportionality, reducing legal uncertainty, embedding competitiveness, and ensuring efficient, predictable supervision supporting global market attractiveness.
CONTINUE READINGFIA responds to CPMI-IOSCO's consultation on CCP resilience and PQDs, calling for stronger margin transparency, broader client access to simulation tools and a Level 3 post-implementation review.
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