Capital archive
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US agriculture and energy groups raise concerns about the impact of US bank capital rules on access to hedging
On 11 December a coalition of agriculture and energy trade associations formally submitted two comment letters regarding the Basel III Endgame Proposal issued by the three main US banking regulators as well as the GSIB Surcharge Proposal issued by the Federal Reserve.
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FIA speaks on capital, exchange volatility controls before CFTC committee
FIA offered presentations before an advisory committee of the US Commodity Futures Trading Commission on 6 November, touching on best practices for exchange volatility controls and the potential impact of proposed capital reforms on OTC derivatives clearing.
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Viewpoint - Disincentivizing clearing: It’s déjà vu all over again
In the wake of Silicon Valley Bank’s failure, U.S. regulators announced in July a proposal that raise the amount of capital required for the clearing of over-the-counter (OTC) derivatives. This is a dangerous move that disincentivizes hedging among businesses, runs counter to reforms aimed at preventing government bailouts, and increases costs for consumers and businesses.
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FIA joins other trade associations in industry response to second Basel consultation on cryptoassets
FIA also files a supplemental letter urging regulators not to penalise client clearing.
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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 outlines clearing capital challenges and portability improvements in comments to CPMI & IOSCO
FIA 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.
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FIA, other trades comment on Basel consultation on cryptoassets
FIA joined five trade associations in a response to the Basel Committee on Banking Supervision’s consultative document on the prudential treatment of cryptoassets. The associations support BCBS’s decision to engage in an iterative approach to the prudential treatment of cryptoassets. However, the associations emphasize the need to provide clarity for the banks as the client demand grows.
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FIA responds to second FCA consultation on UK regulation for MiFID investment firms
On 28 May 2021, FIA responded to the second FCA consultation on a new UK prudential regime for MiFID investment firms (CP21/7).
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FIA supports 12 month extension to QCPP transitional period
FIA has responded to the European Commission’s consultation on the Implementing Regulation to extend the qualifying central counterparty (QCCP) transitional period under the Capital Requirements Regulation II (CRR). FIA fully supports the extension, which will avoid disruption to international financial markets.
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FIA comments on the implementation of Basel standards
On 30 April 2021, FIA submitted a response to the UK Prudential Regulation Authority (PRA) consultation on the implementation of Basel standards (CP5/21).
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