Chairman Scott, Ranking Member Scott, and members of the Subcommittee, thank you for the opportunity to testify about Brexit and various cross-border matters that impact derivatives markets and market participants.
CONTINUE READINGFIA President & CEO Walt Lukken testified about the reauthorization of the Commodity Futures Trading Commission (CFTC), and the state of derivative markets
CONTINUE READINGOn 5 April, FIA co-signed a letter to HM Treasury and FCA regarding the equivalence of EEA trading venues.
CONTINUE READINGToday FIA, alongside ISDA (International Swaps and Derivatives Association), AFME (Association for Financial Markets in Europe), AIMA (Alternative Investment Management Association), Assosim (Association for Financial Market Intermediaries), EBF (European Banking Federation), EFET (European Federation of Energy Traders), ICI-Global (Investment Company Institute), IA (Investment Association) and SIFMA AMG (Securities Industry and Financial Markets Association Asset Management Group) signed a letter to European Commission Vice President Valdis Dombrovskis regarding the equivalence of UK trading venues.
CONTINUE READINGThe European Commission today implemented a Contingency Action Plan for a number of specific sectors in the event of a no-deal Brexit, including adopting acts to provide temporary and conditional equivalence to UK CCPs and central depositary services, as well as two delegated regulations to facilitate the novation of certain OTC derivatives.
CONTINUE READINGFIA President and CEO Walt Lukken today made the following statement regarding reported action by the European Commission to deem UK’s regulatory and legal framework for UK CCPs as equivalent under EMIR for a 12-month period in the event of a no-deal Brexit.
CONTINUE READINGFIA joined three other financial trade associations in writing to European Union Vice President Valdis Dombrovkis seeking greater clarity regarding recent statements about temporary equivalence and recognition of UK CCPs post-Brexit.
CONTINUE READINGThe InfoNet MiFID II/R seminar on transparency focused on the final draft regulatory technical standards and the effect of the regulations on market participants and trading venues.
CONTINUE READINGThe UK and the European Union have today confirmed the provisional text for the Brexit withdrawal agreement.
CONTINUE READINGFIA, Deutsches Aktieninstitut, AFME, EDMA, ICMA, Swiss Finance Council and ISDA (together “the Associations”) welcome the debate about equivalence and support the reforms to promote the safety and transparency of markets globally.
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