Publications & Filings
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FIA wrote in support of the US Federal Reserve's Expansion of Fedwire Funds Service and National Settlement Service Operating Hours proposal
FIA suggests the Fed should extend operating hours of the Fedwire Securities Service to align with the expanded hours of the Fedwire Funds Service and National Settlement Service. It also discussed the importance of a reasonable implementation period given the potential for extensive changes to rules and practices needed at federal market regulators, self-regulatory organisations and market operators, and the importance of all affected parties meeting in an open forum to discuss the potentially significant cascading effects of moving the Fedwire Funds Service and National Settlement Service to 22 hours a day, 7 days a week, 365 days a year.
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FIA responds to OCC proposed margin add-on charge
FIA acknowledges the need for stronger risk management but expresses concerns over the design and potential consequences of Options Clearing Corporation’s proposal. FIA believes that the current backward-looking, monthly-calibrated margin add-on falls short of providing adequate risk mitigation and should only serve as a temporary measure while a more precise and transparent system is developed.
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FIA outlines how successful derivatives markets will attract investor interest and support the enhancement of the CMU
FIA has published a paper outlining its views on how to support the progress of the European Union’s Capital Markets Union. The paper – Capital Markets Union at a Critical Juncture – sets out the role that derivatives play in effective capital markets. Specifically, FIA believes that centrally cleared derivatives are a key ingredient to building a strong CMU.
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FIA responds to EBA-ESMA review of prudential framework
FIA responded to the EBA-ESMA discussion paper on the European Commission call for advice on the investment firms' prudential framework, noting the importance of ensuring EU IFR/D is fit for purpose and that the application of prudential rules to commodity firms would be inappropriate, unduly complex, disproportionate and limit market entry for many small-size market participants.
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FIA responds to SEBI consultation on strengthening the index derivatives market
FIA supports the underlying intent of SEBI's measures and offers several suggestions to enhance the proposals.
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FIA urges US Treasury Department to remain technology-neutral on AI
FIA's letter suggested Treasury focus on the applications of artificial intelligence within the context of a particular use case as opposed to the technology as a whole.
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FIA responds to FICC rules implementing the US Treasury clearing mandate
FIA responded to the Fixed Income Clearing Corporation’s (FICC) proposal to implement the SEC’s new clearing mandate for US Treasurys. FIA’s letter urges FICC to provide flexibility for market participants to clear US Treasurys at multiple clearinghouses, as they may arise in the future.
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FIA responds to ASX proposals on position reporting framework and operating rules
FIA has submitted a response to ASX’s consultation paper on proposed changes to the position reporting framework and a review and update of operating rules for ASX 24 and ASX Clear (Futures).
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FIA calls for DORA supervisory guidance ahead of January 2025 application deadline
FIA, together with five other trade associations, has co-signed a joint statement that draws the European Supervisory Authorities’ attention to the challenges that industry participants, including financial entities as well as ICT third-party service providers, are facing regarding the implementation of DORA by the 17 January 2025 deadline.
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FIA CEO testifies at House Agriculture Committee hearing
Walt Lukken, President and CEO of FIA, testified today at a US House Agriculture Committee subcommittee hearing on reauthorizing the Commodities Futures Trading Commission (CFTC).
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