With Europe facing an extraordinary shortage of energy triggered by Russia’s invasion of Ukraine, prices for natural gas and electricity have reached record highs. Political leaders are urgently discussing solutions to this crisis, including several measures that would affect the trading and clearing of futures.
In this paper, "A Futures Industry Perspective: How EU Policymakers Should Respond to the Energy Crisis," FIA provides a high-level overview of the liquidity issues emerging in the futures markets and our perspective on some of the measures now under consideration to ease the impact on utilities and other firms facing extraordinarily large margin calls.
- ADVOCACY AND KEY WORK AREAS
- CCP Risk
- Operational and Regulatory Guidance