FIA’s CCP Risk Review™ summarizes the rules and procedures of CCPs worldwide. Written in practical, comparative terms and incorporating key implications of applicable law where relevant, the FIA CCP Risk Review assists market participants and regulators in scrutinizing and understanding the risks relating to CCPs, for both clearing members and clients.
Documentation News
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FIA New Member Profile – Hidden Road
Ripple Prime (formerly known as Hidden Road) is a global non-bank prime broker registered with the CFTC as an FCM and an NFA member, and regulated as a broker-dealer by FINRA, in addition to holding regulatory licenses in the UK, Netherlands and BVI, among other jurisdictions. The company’s products include prime brokerage, clearing and financing across traditional and digital assets. In 2025, Hidden Road was acquired by Ripple and now operates under the Ripple Prime name. CONTINUE READING -
FIA New Member Profile – TS Imagine
TS Imagine is a global, multi-asset SaaS platform offering portfolio and risk management, electronic trading and prime brokerage solutions for the buy- and sell-side. Many of the world’s leading financial institutions use TS Imagine’s platform to manage their risk exposure and make better trading decisions across derivatives, equities, fixed income and other asset classes, cutting complexity and driving efficiency. CONTINUE READING -
FIA EPTA responds to call for evidence on the Savings and Investments Union
The FIA European Principal Traders Association has provided input to the European Commission's call for evidence on the functioning and impact of the Savings and Investments Union. FIA EPTA's submission incorporates by reference its 2024 policy recommendations, titled Tide of Change: Enhancing Liquidity Provision to the European Economy. CONTINUE READING -
FIA and EPTA submit response to FCA AI Input Zone consultation
FIA and FIA EPTA have submitted a joint response to the FCA’s AI Input Zone consultation seeking stakeholder views on current and future uses of artificial intelligence in UK financial services, barriers to adopting AI applications, and the regulatory framework governing the use of AI within financial markets. CONTINUE READING -
FIA responds to ESMA consultation on CCP participation requirements
FIA has responded to the European Securities and Markets Authority's consultation on EMIR 3.0 draft regulatory technical standards on the elements to be considered when EU central counterparties define participation requirements. The response highlights the need for CCPs to assess clearing members based on the actual risks they pose, rather than relying on entity type or licensing status as proxies for risk. In particular, the response distinguishes between regulated non-bank financial clearing members and non-financial counterparties that typically clear to hedge commercial exposures and do not provide financial services. CONTINUE READING -
Viewpoint: Crossing the river by feeling for stones
China's commodity futures markets rank among the world's largest in terms of both the volume of trading and the range of commodities that are traded. The success of these markets creates a tremendous pool of liquidity for Chinese and foreign companies that need to hedge their risks. But there's a problem – access to those markets is quite challenging for commodity traders and end-users in other parts of the world. CONTINUE READING
