FIA EPTA members welcome the opportunity to respond to the European Commission's consultation on the renewed sustainable finance strategy. FIA EPTA members will argue that there is a large variety of ESG ratings in the market, this makes it difficult, if not impossible, to come up with truly meaningful and harmonized ESG ratings between the different rating agencies. FIA EPTA Members argue for more standardisation of ESG indicators.
CONTINUE READINGFIA today issued the following statement in response to the news that Philippe Buhannic, one of the pioneers of electronic trading in the futures industry, has passed away.
CONTINUE READINGFIA submitted a response to ESMA’s consultation on draft Regulatory and Implementing Technical Standards covering reporting to Trade Repositories (TRs), procedures to reconcile and validate reported data, data access by the relevant authorities and registration of the TRs.
CONTINUE READINGFIA EPTA members welcome the opportunity to give feedback to the Capital Markets Union High Level Forum final report. The Capital Markets Union is essential for building up a stronger equity culture in Europe and for opening up or expanding other sources of capital for financing. And of course, a more diversified financial system is also more resilient and stable. FIA EPTA members strongly believe proportionate regulation of the financial markets is key to achieving the twin goals of strengthening economic growth and ensuring financial stability.
CONTINUE READINGThe UK left the EU on 31 January 2020 and is in a transitional period that ends on 31 December 2020. During this period, EU law continues to apply in and to the UK and UK financial services firms continue to benefit from all existing EU rights, as do EU firms operating in the UK.
CONTINUE READINGFIA and ISDA published a primer on the issue of non-default losses (NDL) at clearinghouses.
CONTINUE READINGFIA, the International Swaps and Derivatives Association (ISDA), and the Institute of International Finance (IIF), (collectively the Associations), submitted a comment on the Financial Stability Board’s (FSB) consultation paper “Financial resources to support CCP resolution and the treatment of CCP equity in resolution.”
CONTINUE READINGThe first half of 2020 has been incredibly active for our members. The industry has been dealing with the volatility caused by the pandemic while having to do so from home.
CONTINUE READINGFIA hosted a discussion of and observations on the trend towards data-driven enforcement investigations by the CFTC.
CONTINUE READINGGlobal futures and options trading grew by 32% to record-setting 21.9 billion contracts in the first half of 2020 compared to 2019, according to figures released by FIA.
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