Videos
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FIA and ISDA respond to the Bank of England’s approach to tiering incoming CCPs under UK EMIR 2.2
FIA jointly with ISDA has submitted its response to the BoE’s proposed approach to tiering under UK EMIR 2.2.
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FIA responds to HMT Financial Services Future Regulatory Framework Review: Bank of England regulation of CCPs and CSDs
FIA recently submitted its response to HM Treasury's central counterparties and central securities depositories reform proposals under the Financial Services Future Regulatory Framework Review.
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Exchange Briefing: Cboe Europe Derivatives and EuroCCP
In this briefing, CEDX provides an update on their progress to date and their roadmap for 2022. EuroCCP, wholly-owned by Cboe since July 2020, is CEDX’s clearing provider. Find background information on CEDX here.
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FIA responds to proposed changes to EU Capital Requirements Regulation
FIA's response focuses on the uncertainty that the proposed new segregation condition brings for banks’ ability to offset initial margin for the purposes of calculating the exposure value under the leverage ratio framework for derivatives.
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FIA, ISDA submit amicus brief in Kahle v. Cargill case
FIA along with the International Swaps and Derivatives Association submitted an amicus brief, in support of defendants, in the U.S. District Court in the Southern District of New York. The amicus brief urges the court to grant defendants’ motion to dismiss the complaint in in Kahle v. Cargill, Inc., arguing that the swap agreement safe harbor at issue (11 U.S.C. § 546(g)) preempts state-law fraudulent-conveyance claims brought by Plaintiff, an assignee in state insolvency proceedings.
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FIA EPTA Response to the EBA Consultation Paper on the Draft RTS on Pillar 2 add-ons for investment firms under Article 40(6) of Directive (EU) 2019/2034
FIA 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.
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FIA EPTA response to the EBA Consultation Paper on the Draft Guidelines on common procedures and methodologies for the SREP under IFD
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.
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FIA responds to FCA and BofE on reporting, data and Trade Repositories registration
FIA 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.
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ETD Volume - January 2022
Worldwide volume of exchange-traded derivatives reached 6.08 billion contracts in the month of January, the third highest monthly total ever recorded.
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Trade associations warn European Commission on carbon market intervention
FIA 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.
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