Publications & Filings
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FIA responds to ESMA consultation on cash penalty process for cleared transactions
FIA supports ESMA’s proposals to remove the special process of collection and distribution of penalties by central counterparties for cleared transactions. This will allow for the centralisation of collection and distribution process of cash penalties for both cleared and uncleared transactions upon a single entity (central securities depository), allowing for a more straightforward and consistent approach, fully centred on the settlement step regardless of trading flow.
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FIA joins other trades in EU benchmarks regulation review recommendations
FIA, the International Swaps and Derivatives Association (ISDA), the Asia Securities Industry and Financial Markets Association (ASIFMA), the European Association of Corporate Treasurers (EACT), EMTA, and the Global Foreign Exchange Division (GFXD) of the Global Financial Markets Association (GFMA) have published an updated set of recommendations in response to the European Commission’s latest consultation on reform of the EU Benchmarks Regulation.
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CPMI-IOSCO discussion paper on non-default losses welcomed by FIA
FIA welcomes a recent discussion paper on practices used by central counterparties to address non-default losses, such as losses from cyberattacks or system outages.
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FIA responds to ESMA consultations on CCP Resolution Regime
FIA has responded to three of the four consultations published by the European Securities and Markets Authority on the CCP Resolution Regime. The responses cover two mandated guidelines on the assessment of resolvability and cooperation arrangement between member states and third-country authorities, and non-mandated guidelines on the resolution plan summary. The associations did not respond to the consultation on the standard written arrangement template for the resolution college
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FIA publishes whitepaper on role of clearing firms in futures markets
FIA has published a whitepaper on the role of clearing firms in futures markets as a tool to help public sector stakeholders better understand how these important intermediaries support safe and efficient capital markets worldwide.
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FIA responds to HKEX consultation on position limits and open position reporting requirements
FIA has responded to Hong Kong Exchanges and Clearing’s consultation on proposed changes of position limits and large open position reporting requirements.
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FIA flags burdensome requirements in CFTC compliance officer reports
FIA submitted a comment letter to the US Commodity Futures Trading Commission questioning the need for certain types of information that must be included in the annual reports filed by the chief compliance officers of firms registered with the CFTC.
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FIA responds to UK’s call for evidence on Green Finance Strategy
FIA has responded to the UK government’s call for evidence to support its update of the Green Finance Strategy. The response stresses the need for well-balanced, principle-based regulation that complements and encourages market innovation. It also highlights new products as a potential growth area to support the transition to a low-carbon economy.
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FIA responds to European Commission’s CSDR review proposal
FIA and ISDA have submitted a joint response to the European Commission’s legislative proposal to review the Central Securities Depositories Regulation, in particular with respect to reforms of the mandatory buy-in regime (MBI) under Article 7 CSDR.
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FIA submits comments to CTFC on request regarding FTX proposal on non-intermediated DCO model
FIA has filed public comments with the US Commodity Futures Trading Commission in response to a request by FTX US Derivatives to amend its order of registration as a Derivatives Clearing Organization (DCO) and allow it to modify its existing non-intermediated model.
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