Search

Publications & Filings

  • FIA and SIFMA comment on operational risk elements of Basel III proposal

    FIA joined with the Securities Industry and Financial Markets Association in submitting a comment letter to US banking regulators regarding the operational risk elements of their proposed changes to US bank capital requirements.

    CONTINUE READING
  • FIA files comment letter opposing GSIB Surcharge Proposal

    FIA filed a comment letter today with the Board of Governors of the Federal Reserve System expressing serious concerns with the significant increase in capital requirements for client derivatives clearing activities that the Board has proposed in its GSIB Surcharge Proposals. The changes would, on their own, increase the capital required to engage in client clearing activities by more than 58%.

    CONTINUE READING
  • FIA joins industry call for adequate implementation time for REMIT II

    FIA along with AFME, CMC Europe, EFET, Eurelectric, Eurogas, Europex, FESE, FIA EPTA, IOGP and ISDA has submitted a letter to European co-legislators urging them to delay the timing of the implementation of some of the obligations of the revised Regulation on Wholesale Energy Market Integrity and Transparency (REMIT II).

    CONTINUE READING
  • FIA responds to Bank of England approach to discretionary payments by CCPs

    FIA and ISDA have responded to the Bank of England's proposed statement of policy on discretionary payments by CCPs. The associations support the proposal but note they would welcome further guidance on how the BoE intends to consider the maintenance of public confidence in the UK financial system when using other supervisory and resolution powers.

    CONTINUE READING
  • FIA responds to FSB consultation on CCP resolution financial resources and tools

    FIA, IIF, and ISDA have responded to the Financial Stability Board's consultation report on financial resources and tools for CCP resolution. The response emphasises key concerns regarding the proposed approach, citing the need for increased transparency and predictability in resolution scenarios.

    CONTINUE READING
  • FIA files comment letter in support of updating CFTC Rule 48.4

    The FIA has filed a letter with the CFTC in support of a petition for rulemaking filed by Eurex requesting a technical update to CFTC Rule 48.4. Specifically, the FIA supported an expansion to the rule to permit U.S.-based IBs direct access to Foreign Boards of Trade.

    CONTINUE READING
  • FIA submits comments to SGX on proposed changes to Futures Trading Rules

    FIA has responded to the Singapore Exchange's consultation on proposed changes to its Futures Trading Rules and other rulebooks. While FIA generally supports the proposed changes, it also makes some recommendations and raises concerns about several proposals.

    CONTINUE READING
  • FIA speaks on capital, exchange volatility controls before CFTC committee

    FIA offered presentations before an advisory committee of the US Commodity Futures Trading Commission on 6 November, touching on best practices for exchange volatility controls and the potential impact of proposed capital reforms on OTC derivatives clearing.

    CONTINUE READING
  • FIA responds to CFTC proposed rulemaking on Provisions Common to Registered Entities

    FIA and ISDA have submitted a response to the CFTC proposed rulemaking on provisions to common registered entities. The proposal makes technical amendments to the CFTC rules governing how designated contract markets, derivatives clearing organizations, and swap execution facilities certify new rules and products, and the CFTC’s review and processing of such submissions.

    CONTINUE READING
  • FIA voices continued opposition to SEC’s proposed custody rules for FCMs

    FIA has filed additional comments opposing application of the US Securities and Exchange Commission’s proposed “safeguarding” rule to FCMs. The SEC recently re-opened the public comment period on the proposal, which would replace its existing custody rule for qualified custodians, including FCMs.

    CONTINUE READING