FIA has responded to the European Securities and Markets Authority's consultation on EMIR 3.0 draft regulatory technical standards on the elements to be considered when EU central counterparties define participation requirements. The response highlights the need for CCPs to assess clearing members based on the actual risks they pose, rather than relying on entity type or licensing status as proxies for risk. In particular, the response distinguishes between regulated non-bank financial clearing members and non-financial counterparties that typically clear to hedge commercial exposures and do not provide financial services.
CONTINUE READINGFIA and FIA EPTA have submitted a joint response to the FCA’s AI Input Zone consultation seeking stakeholder views on current and future uses of artificial intelligence in UK financial services, barriers to adopting AI applications, and the regulatory framework governing the use of AI within financial markets.
CONTINUE READINGThe FIA European Principal Traders Association has provided input to the European Commission's call for evidence on the functioning and impact of the Savings and Investments Union. FIA EPTA's submission incorporates by reference its 2024 policy recommendations, titled Tide of Change: Enhancing Liquidity Provision to the European Economy.
CONTINUE READINGTexas Stock Exchange (TXSE), based in Dallas, received SEC approval in September 2025 to operate as a national securities exchange and is on track to launch trading, exchange-traded products and corporate listings in 2026. The new exchange is backed by major financial firms, including JP Morgan, Bank of America, BlackRock, Citadel Securities, Charles Schwab and Goldman Sachs. TXSE will serve US-based and international issuers, investors and market participants.
CONTINUE READINGRegulators and market leaders debated the merits of centralised supervision in the EU, challenges in implementing EMIR 3.0, and the UK’s approach to systemically important clearinghouses, among other topics, at FIA’s forum in Paris.
CONTINUE READINGFIA appreciates the opportunity to provide feedback to the European Central Bank (ECB) Consultation Paper on the extension of T2 (formerly TARGET 2) operating hours. In the short term, FIA Members suggest moving to a 23 hours / 5 days a week T2 payment settlement model for use on a voluntary basis, with the T2 closing window being reduced to one hour.
CONTINUE READINGFIA filed comments with the US Securities and Exchange Commission responding to ICE Clear Credit's proposed US Treasury clearing rules. The letter commends ICC for its efforts to expand its clearing services to the U.S. Treasury market and recommends refinements to certain aspects of the proposed rules to ensure predictability and clarity for clearing firms and market participants that will participate on ICC's platform, once approved.
CONTINUE READINGEPTA has joined with EFAMA and Adamantia in authoring a set of recommendations on what is needed to ensure a successful consolidated tape for equities and exchange-traded funds. A well-functioning tape will help investors make better-informed decisions, tying in with the goals of the Savings and Investment Union.
CONTINUE READINGWith profound sadness, the FIA team announces the loss of our beloved colleague, Corinna Schempp. No words can express our sorrow and grief. For 11 years, Corinna filled our days with energy, excitement and, of course, zeal for her German heritage.
CONTINUE READINGFIA announced the startups chosen to exhibit in the 2025 Innovators Pavilion, FIA's annual showcase for fintech startups relevant to derivatives trading and clearing. The startups were selected by an independent committee of industry experts drawn from FIA member firms as well as venture capital firms focused on capital markets.
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