FIA EPTA welcomes the opportunity to respond to the EBA Consultation Paper on the Draft Guidelines on common procedures and methodologies for the supervisory review and evaluation process (SREP) under IFD. FIA EPTA members believe that the overarching principle of proportionality, which stems from the Level 1 legislation, should be applied across all topics covered in the Draft Guidelines and the elaboration of that principle in the regulation should be guaranteed.
CONTINUE READINGFIA EPTA welcomes the opportunity to respond to the EBA Consultation Paper on the Draft Regulatory Technical Standards on Pillar 2 add-ons for investment firms under Article 40(6) of Directive (EU) 2019/2034. FIA EPTA is concerned about the fact that art. 4(2) of the draft Delegated Regulation effectively creates a floor with respect to the additional Pillar 2 requirements. This is the result of the fact that the additional own funds requirements as calculated in art. 4(1) are to express both (1) as an absolute amount, as well as (2) as the ratio of that amount to own funds requirements.
CONTINUE READINGFIA has responded to a joint consultation paper issued by the Financial Conduct Authority and Bank of England regarding changes to reporting requirements, procedures for data quality and registration of Trade Repositories under UK EMIR. The consultation sets out proposals relating to measures for mandatory delegated reporting requirements, counterparty notifications and reconciliations processes and the use of XML schemas and global identifiers based on the adoption of CPMI-IOSCO CDE recommendations.
CONTINUE READINGWorldwide volume of exchange-traded derivatives reached 6.08 billion contracts in the month of January, the third highest monthly total ever recorded.
CONTINUE READINGFIA and nine industry bodies have co-signed a letter expressing concern that the European Commission may be considering intervention in the EU Emissions Trading System, either through position limits or some other action, ahead of the publication of the European Securities and Markets Authority’s final report on trading behaviour in the EU carbon market.
CONTINUE READINGThis session highlights the agencies’ different statutory jurisdictions, missions, congressional oversight, and regulatory frameworks, and what all of this means for the markets and companies they regulate.
CONTINUE READINGFIA has responded to HM Treasury's Financial Services Future Regulatory Framework Review: Proposals for Reform.
CONTINUE READINGFIA has responded to a consultation by the Committee on Payments and Market Infrastructures (CPMI), and the International Organization of Securities Commissions (IOSCO) on client clearing access and portability of positions in the event of a default.
CONTINUE READINGIn this webinar, speakers take stock of regulatory developments in Europe, including the MiFID II review and the UK’s Wholesale Market Review.
CONTINUE READINGFIA EPTA welcomes the opportunity to respond to the Financial Conduct Authority (FCA) Consultation Paper on Regulatory fees and levies: policy proposals for 2022/23. FIA EPTA does not have a strong view on the proposed change as in practice we are not aware of any firms subject to IFPR that have obtained in the past such internal model approval. This is due to the fact that the conditions to implement the internal model are extremely burdensome as they were initially designed for large credit institutions. However, should the FCA allow for a relaxation of these conditions at some point in time
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