The digital asset industry deserves and requires a proper regulatory framework that will keep these markets safe, innovative and growing. The US has an opportunity to lead in the global development of digital assets, but Congress must act quickly. Without this leadership, these markets will continue to expand overseas and outside of the reach of US influence.
The response notes it is essential to take into account how a specific market is being used by understanding the central limit order book and the size of business that can be executed in that order book in a short amount of time without causing price slippage. Moreover, it is important to distinguish between ETD and OTC product specificities.
The EU T+1 Industry Committee has published a high-level road map for the transition to a T+1 settlement cycle for securities on 11 October 2027. The road map contains a set of recommendations developed collaboratively by association representatives and workstream leads from various industry segments.
FIA supports ASX’s AOTs for interest rate futures and urges further engagement on commodity thresholds to align with global best practices and enhance market integrity.
FIA supports OCC’s proposal to use actual intraday positions for margining and urges reassessment of conservative add-ons like the Intraday Risk Charge post enhancement implementation.
FIA recommends cyber risk management rules should apply from one ruleset if there is overlap and/or the same objectives. The Digital Operational Resilience Act (DORA) and the Cyber Resilience Act (CRA) overlap and apply to the same financial services.
Opening remarks of Walt Lukken, President and CEO of FIA, at the International Derivatives Expo (IDX) in London on 16 June 2025. As prepared for delivery.
FIA urges the Canadian Derivatives Clearing Corporation to segregate default resources for the new TRS clearing service and increase CCP capital to reflect higher risk.
FIA has responded to ESMA’s consultation paper on draft technical standards, which provide further details for the new EMIR 3.0 clearing thresholds regime. FIA broadly agrees with the proposed uncleared thresholds but raises concerns about the reductions for IRDs and commodity derivatives, citing inflationary pressures and the importance of maintaining competitiveness with other jurisdictions.
