In this episode, FIA President and CEO Walt Lukken talks with crypto exchange CEO Sam Bankman-Fried in a wide-ranging conversation about the crypto market and its future. Sam founded FTX in 2019 and has seen explosive growth as the crypto markets have grown exponentially over the past few years. This interview took place on November 4, 2021, as part of FIA’s Expo conference in Chicago.
CONTINUE READINGWorldwide volume of exchange-traded derivatives hit a record of 6.17 billion contracts in the month of November.
CONTINUE READINGOn 3 December 2021, FIA responded to proposals set out in the “Derivatives Holiday Trading” consultation paper issued by Hong Kong Exchanges and Clearing Limited (HKEX) in November 2021.
CONTINUE READINGWashington, DC—FIA President and CEO Walt Lukken made the following statement on the US Senate confirmation of Rostin (Russ) Behnam to serve as chairman of the Commodity Futures Trading Commission (CFTC):
CONTINUE READINGFIA welcomes ESMA’s conclusions that it will not recommend to the European Commission to derecognise the clearing services provided by LCH Ltd and ICE Clear Europe Ltd or their services at this time, following its comprehensive assessment of the systemic importance of Tier 2 UK CCPs under EMIR Art 25(2c)
CONTINUE READINGFIA EPTA appreciates the opportunity to provide feedback to the European Securities and Markets Authority (ESMA) on the consultation on the review of certain aspects of the Short Selling Regulation. FIA EPTA is of the view that short-selling bans are harmful to the orderly functioning of markets. We note the unnecessary operational risks that were a consequence of short selling bans implemented inconsistently and with limited lead-time last year.
CONTINUE READINGFIA and other trade associations welcome clarification from ESMA that national competent authorities are expected not to prioritise supervisory actions in relation to the application of the CSDR buy-in regime.
CONTINUE READINGFIA EPTA welcomes the opportunity to respond to ESMA Consultation Paper on Review of the MiFID II framework on best execution reports. FIA EPTA would welcome the opportunity to provide further background to ESMA on the issues raised in our response. FIA EPTA agrees with the proposed change in scope of execution venues i.e. that execution venues for the purpose of the best execution reporting regime for execution venues (RTS 27) should not include ‘market makers’.
CONTINUE READINGFIA joins the futures industry in mourning the loss of Robert J O’Brien, chairman emeritus of R.J. O’Brien, at the age of 103.
CONTINUE READINGFIA and the International Swaps and Derivatives Association (ISDA) welcomed a consultation by the Bank of England (the Bank) on supervisory stress testing. The Associations together agreed overall with the presented approach. However, given the huge effort to run supervisory stress tests, the Associations jointly proposed for global regulators to join forces and run joint SSTs.
CONTINUE READING