FIA EPTA has responded to a European Banking Authority consultation regarding draft guidelines on the sound management of third-party risk with regard to non-ICT related services. FIA EPTA members support robust risk management and the EBA’s efforts toward the enhancement of operational resilience. However, we have significant concerns regarding the proposal’s legal basis, proportionality, misalignment with the EU simplification and growth agenda, and the EBA’s cost-benefit analysis.
CONTINUE READINGFIA, ISDA and SIFMA strongly support the proposed recalibration of the Enhanced Supplementary Leverage Ratio and urge the Federal Reserve, FDIC, and OCC to finalize the proposal as soon as possible, with an effective date no later than 1 January 2026.
CONTINUE READINGThe Joint Trades recommend essential revisions of the Basel banking prudential treatment of cryptoassets and pausing implementation of SCO60 ahead of its January 2026 effective date to allow for a targeted consultation and redesign. The letter highlights the excessively conservative and overly punitive capital treatment of cryptoassets that is misaligned with actual risks, in addition to various inconsistencies with current market risk management practices.
CONTINUE READINGFIA submitted a comment letter to the SEC responding to FICC’s proposed default management and porting rules for its agent clearing service model.
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