Publications & Filings
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FIA's CEO Walt Lukken speaks on cyber resilience before CFTC
Remarks by FIA President and CEO Walt Lukken before the US Commodity Futures Trading Commission's Market Risk Advisory Committee on 8 March 2023 in Washington, D.C. As prepared for delivery.
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FIA responds to EMIR 3.0 proposal and prudential requirements
FIA supports many elements in the proposal, which will improve the competitiveness and attractiveness of EU CCPs. However, the EMIR 3.0 package also contains proposals that may ultimately negatively impact the competitiveness of EU firms, harm the efficiency and resiliency of the clearing ecosystem, and impact EU investors and pension funds.
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FIA responds to SEBI consultation paper on safeguarding clients’ funds placed with stock brokers/clearing members
FIA has expressed concern that the proposed requirements could have negative effects on the timing and operational complexity of returning funds to clients, hindering CMs' ability to dynamically meet the needs of their clients.
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FIA submits comments to FinCEN on Beneficial Ownership Information Access and Safeguards, and Use of FinCEN Identifiers for Entities.
FIA has submitted a letter to the Financial Crimes Enforcement Network (FinCEN) related to a proposed rule titled Beneficial Ownership Information Access and Safeguards, and Use of FinCEN Identifiers for Entities. In its comments to FinCEN, FIA noted its supports for a separate comment letter from the Securities Industry and Financial Markets Association (SIFMA) that would make the proposed rule more useful and cost-effective for FIA members who operate in futures and derivatives markets.
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FIA urges CFTC to codify no action relief for DCO reporting
FIA has filed comments with the US Commodity Futures Trading Commission that respond to the pending notice of proposal rulemaking on reporting requirements for derivatives clearing organizations (DCOs).In its letter, FIA supports the CFTC’s proposal to codify no-action relief for variation margin reporting, highlighting the importance of clear rules for DCOs and their clearing members.
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FIA responds to IOSCO consultation on carbon markets
FIA has responded to an International Organization of Securities Commissions (IOSCO) public consultation on recommendations for establishing sound Compliance Carbon Markets (CCMs) and on key considerations for enhancing the resilience and integrity of Voluntary Carbon Markets (VCMs).
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FIA, ISDA, AIMA and EFAMA publish statement on the EC’s proposed amendments to EMIR
The European Commission has proposed that firms subject to the EU clearing obligation should have an active account at an EU CCP, while giving the European Securities and Markets Authority the power to define the portion of certain euro- and Polish zloty-denominated contracts that should be cleared through those accounts via secondary regulation. Changes to capital rules would reinforce this, making it less commercially viable for EU market participants to clear through CCPs based outside the EU.
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FIA joins associations in call for risk-based approach to CSDDD
FIA has joined with three other associations in a whitepaper that highlights the importance of ensuring the proposed EU Corporate Sustainability Due Diligence Directive (CSDDD) takes a proportionate, risk-based and workable approach and that it provides a clear, practical and legally certain framework.
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FIA Responds to Hong Kong SFC risk management consultation for futures brokers
FIA says a one-size-fits-all approach should be avoided and instead advocates for greater flexibility to be given to futures brokers as long as the necessary risk controls and reporting requirements are in place.
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FIA urges SEC to exempt FCMs from expanded US Treasuries clearing proposal
FIA has submitted comments to the US Securities and Exchange Commission (SEC) in response to proposed rules establishing standards for covered clearing agencies for U.S. Treasury securities.
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