FIA today announced that the Board of Directors have elected Nicholas Rustad of J.P. Morgan Securities as Chair and Alicia Crighton of Goldman Sachs as Vice Chair of the FIA Board of Directors.
CONTINUE READINGFIA greatly appreciates CFFEX’s interest in these critical topics that affect the global financial markets and the end-users who rely on derivatives products for price certainty and to hedge their risks. FIA strongly supports the regulatory recognition and deference model that has been the foundation of the futures industry for years. Identical rules, on a line-by-line basis, implemented globally across jurisdictions is impracticable.
CONTINUE READINGThe Futures and Options Association (now FIA) in 2004 published the latest version of the Grid Trade Master Agreement (GTMA), which is a standard agreement for bilateral trading of UK electricity. It can be supplemented by the Options Annex to the GTMA. In 2005, the FOA (now FIA) also published a standard agreement for trading Renewables Obligation Certificates (ROCs) in the UK – the ROC Trading Master Agreement (ROCTMA).
CONTINUE READINGWorldwide volume of exchange-traded derivatives was 4.24 billion contracts in the month of September, up 13.9% from the previous month and up 41.2% from September 2019.
CONTINUE READINGOn 5 October 2020, FIA, joined AFMA, ASIFMA, IBA and ISDA, to submit a letter to the financial regulators in Australia, Hong Kong, Japan, and Singapore to request for reciprocal Business Continuity Plan (BCP) arrangements between jurisdictions.
CONTINUE READINGFIA’s commodities members generally support the two CFTC proposals regarding the “Margin Requirements for Uncleared Swaps for Swap Dealers and Major Swap Participants.” The Proposals seek to amend the current margin requirements for uncleared swaps for Swap Dealers and Major Swap Participants for which there is no prudential regulator.
CONTINUE READINGFIA will host Boca - the International Futures Industry Conference - virtually in 2021.
CONTINUE READINGFIA has released the first version of its CCP Tracker
CONTINUE READINGFIA wrote to the CFTC requesting interpretative guidance or no-action relief for market participants in complying with certain position aggregation requirements.
CONTINUE READINGThe Commodity Futures Trading Commission and the Securities and Exchange Commission held the first meeting of the newly formed joint advisory committee on emerging regulatory issues on May 24.
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