Today, FIA EPTA published a paper on the importance of Secondary Markets for the transition towards sustainable capital markets. FIA EPTA believes the key to a successful green transition are the secondary markets because they enable asset holders to buy or sell ESG products on behalf of end-investors, insurance holders, or pension participants. Market makers provide liquidity and choice to investment managers to adjust their portfolios, pursue their trading & investment strategies and manage their risk, at low cost and with ease globally.
CONTINUE READINGFIA EPTA members welcome the actions and responsibilities taken by the UK Government during COP26 in Glasgow and the work toward the common goals of reaching climate neutrality in 2050. FIA EPTA is committed to supporting policymakers and regulators in ensuring the success of the sustainable finance project at all levels of the capital market ecosystem. With a balanced approach, FIA EPTA members believe it will benefit the long-term stability and attractiveness of the UK capital markets.
CONTINUE READINGThe current energy crisis has been driving prices of natural gas to record levels, impacting households and businesses. The European Commission has reacted by tasking the European Securities and Market Authorities to review different areas of the market, including the use of circuit breakers by energy trading venues. In a letter to ESMA and the European Commission, FIA makes recommendations and emphasizes controls should not be used to cap prices.
CONTINUE READINGFIA has offered comments to the US Federal Regulatory Commission (FERC) regarding a proposed rulemaking that would substantially expand the scope of communications that are subject to FERC’s enforcement authority.
CONTINUE READINGOpening remarks of Walt Lukken, President and CEO of FIA, at the FIA Expo 2022 conference in Chicago. As prepared for delivery.
CONTINUE READINGAt the global level, trading volume is far ahead of last year, with more than 60 billion futures and options traded on exchanges during the first nine months of the year.
CONTINUE READINGK&L Gates discusses the evolving regulatory environment, recent enforcement actions and proposed U.S. legislation for digital assets and their impact on the asset management industry.
CONTINUE READINGFIA recommends the European Commission takes into account international practices and continues the coordination of cross-border clearing and capital frameworks at an international level.
CONTINUE READINGFIA EPTA members believe that the Commission should firstly focus on opportunities to incentivise clearing of new transactions on EU CCPs as moving legacy positions to another CCP will create issues around higher cost and increased risk of closing and re-opening the cleared position on the market. FIA EPTA members believe that harmonisation of the different EU legal frameworks for cross-border activity would be helpful as EU CCPs require complex legal structures to ensure the enforceability of their rules in a default situation.
CONTINUE READINGFIA has jointly with ISDA, AFME, EBF and EFAMA written to Commissioner Mairead McGuinness requesting that the European Commission expedite the review of clearing arrangements in as many non-EU jurisdictions as possible.
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