Capital archive
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FIA outlines how successful derivatives markets will attract investor interest and support the enhancement of the CMU
FIA has published a paper outlining its views on how to support the progress of the European Union’s Capital Markets Union. The paper – Capital Markets Union at a Critical Juncture – sets out the role that derivatives play in effective capital markets. Specifically, FIA believes that centrally cleared derivatives are a key ingredient to building a strong CMU.
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CFTC Global Markets Advisory Committee endorses recommendations related to US bank capital rules
The US Commodity Futures Trading Commission's Global Markets Advisory Committee held a meeting on 4 June in New York to discuss a range of market developments and regulatory issues. One of the top themes was the potential impact of the proposed US bank capital rules, with several speakers focusing on concerns raised by end-users, intermediaries and market infrastructures.
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FIA releases report on derivatives industry trends
The 14-page report, Derivatives Market Structure 2024: Focusing on Capital and Workflow Efficiency, provides a unique perspective into the key drivers for the global clearing business. The report is based on findings from research of market participants conducted jointly by FIA and Coalition Greenwich, a provider of strategic benchmarking, analytics and insights to the financial services industry.
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CFTC EEMAC meeting focuses on US bank capital rules
The US Commodity Futures Trading Commission's Energy and Environmental Markets Advisory Committee (EEMAC) held a meeting on 13 February to discuss proposed increases in US bank capital requirements and the implications for and impact on derivatives markets.
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FIA gives remarks on bank capital proposals at CFTC meeting
On 13 February, FIA will provide remarks to the Commodity Futures Trading Commission's Energy and Environmental Markets Advisory Committee highlighting the impact that pending US bank capital proposals will have on the cleared derivatives markets.
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FIA and ISDA recommend changes to Singapore’s capital framework for clearinghouses
On January 22, FIA and ISDA jointly responded to a consultation from the Monetary Authority of Singapore on proposed amendments to the capital framework for approved exchanges and approved clearinghouses.
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FIA and SIFMA comment on operational risk elements of Basel III proposal
FIA joined with the Securities Industry and Financial Markets Association in submitting a comment letter to US banking regulators regarding the operational risk elements of their proposed changes to US bank capital requirements.
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FIA files comment letter opposing GSIB Surcharge Proposal
FIA filed a comment letter today with the Board of Governors of the Federal Reserve System expressing serious concerns with the significant increase in capital requirements for client derivatives clearing activities that the Board has proposed in its GSIB Surcharge Proposals. The changes would, on their own, increase the capital required to engage in client clearing activities by more than 58%.
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US bank capital proposals would increase capital requirements for client clearing by 80%
FIA estimates that top six US clearing banks would need more than $7.2 billion in additional capital for derivatives clearing services.
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FIA strongly opposes provisions in Basel III Endgame Proposal
FIA strongly opposes provisions in the Basel III Endgame Proposal put forward by US bank regulators. In letters filed today with the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency, FIA outlines its concerns, stating that the proposals would dramatically increase capital requirements for derivatives clearing services that banks offer to their clients.
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