Following his keynote address at the 41st annual International Futures Industry Conference in Boca, CFTC Chairman Tim Massad and FIA president and CEO Walt Lukken discussed leverage ratio, its impact on the cost of clearing, and the potential implications for FIA members.
CONTINUE READINGFIA and the International Swaps and Derivatives Association sent comments to the Federal Reserve Board of Governors today expressing serious concerns with proposed changes to the mandatory Banking Organization Systemic Risk Report form (FR Y-15) that would affect the treatment of client-cleared over-the-counter derivatives transactions for purposes of the capital surcharge (the G-SIB Surcharge) imposed on U.S. global systemically important banking organizations (G-SIBs).
CONTINUE READINGOn Nov. 22, FIA and ISDA filed a joint supplemental response with the Federal Reserve to support their opposition to proposed changes to the capital surcharge imposed on U.S. banking organizations that are determined to be "global systemically important banking organizations."
CONTINUE READINGOn 23 January, FIA and ISDA (the Associations) submitted feedback on the European Commission’s (Commission) published Draft Implementing Regulation on the operations of the European Supervisory Authorities (ESAs) and the proposed supervisory framework.
CONTINUE READINGOn 24 August, FIA and ISDA submitted a joint response to ESMA's consultation paper “ESMA’s Guidelines on CCP conflicts of interest management."
CONTINUE READINGThe Cross Border Regulation Forum (CBRF) has submitted a response, of which FIA Global is a co-signatory, to the International Organization of Securities Commissions (IOSCO) Consultation report on cross border regulation.
CONTINUE READINGOn Feb. 23, the Technology Advisory Committee of the Commodity Futures Trading Commission held a discussion on the agency's proposed Reg AT, which establishes a new set of requirements for firms using automated trading as well as a new set of registration requirements for certain types of firms.
CONTINUE READINGFIA welcomed more than 100 attendees from across the derivatives industry to its forum in Frankfurt on 24 September, where the impact of post-crisis reforms, new rules in Europe and international oversight of cross-border trading and clearing came under the spotlight.
CONTINUE READINGOn Oct. 9, the Commodity Futures Trading Commission hosted a discussion with market participants on mandatory clearing for non-deliverable forwards.
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