Capital archive
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New EU and UK prudential regimes for investment firms
In this webinar, a panel of experts discuss the new EU and UK prudential regimes for investment firms (EU IFR/IFD and UK IFPR).
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FIA issues white paper on the impact of pandemic volatility on CCP margin requirements
FIA today released a white paper that examines the dramatic increase in margin requirements at derivatives clearinghouses during the first quarter of 2020 due to increased market volatility related to the pandemic.
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FIA Legal Opinions Primer
If you are an experienced user of FIA legal opinions, new to the world of FIA netting and other legal opinions for regulatory capital purposes or just curious as to why FIA maintains a library of legal opinions, then this FIA webinar where experts from Clifford Chance LLP and FIA explain the types of legal opinions that FIA maintains, their structure and purpose in the context of regulatory capital requirements is for you.
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FIA Responds to EBA on draft regulatory technical standards under IFR
FIA has responded to the EBA consultation on draft Regulatory Technical Standards (RTS) related to implementation of a new prudential regime for investment firms in the EU.
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OCC boosts funding for "skin in the game"
OCC, the world's largest clearinghouse for equity derivatives, has announced that it plans to seek regulatory approval in the US to increase the amount of capital that it contributes to the financial resources available to cover losses from a member default.
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Quantile margin optimization service now includes cleared interest rate derivatives
Margin issues have been increasingly in focus in 2020 as derivatives clearinghouses have raised collateral requirements in response to the spike in market volatility. This trend has intensified interest among large banks in new methods for optimizing their margin obligations.
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CFTC finalizes capital requirements for swap participants
The US Commodity Futures Trading Commission finalized a new rule on capital requirements for swaps market participants and advanced a proposed rulemaking on swaps margin in a public meeting held via teleconference on July 22. The final capital requirements for swap participants will be flexible, offering three potential methodologies for market participants to follow, and is the first such measure at the agency since it was mandated by Congress under Dodd-Frank.
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For some equity index futures, initial margin requirements have doubled in 2020
It is not unusual for clearinghouses to increase initial margin requirements during periods of market stress. But the turmoil that took place in March, when equity markets crashed and then rebounded in an exceptionally short period of time, prompted a rapid increase in the amount of initial margin for certain equity index futures over just a few trading days.
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U.S. banking regulators accelerate changes to capital treatment of derivatives
Amendments take effect immediately and are intended to "improve market liquidity"
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FIA calls on Basel Committee to remove client clearing from credit valuation adjustment
On Feb. 25, FIA submitted comments to the Basel Committee on Banking Supervision regarding proposed revisions to the calculation of credit valuation adjustment risk, an important component of the Basel III capital framework.
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