Capital archive
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Basel Committee proposes changes to leverage ratio
On April 6, the Basel Committee on Banking Supervision released a consultation paper that seeks comment on several potential changes to the Basel III leverage ratio framework, including changes to the treatment of derivatives exposures.
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Boca Video: CFTC Chairman Tim Massad discusses leverage ratio
Following his keynote address at the 41st annual International Futures Industry Conference in Boca, CFTC Chairman Tim Massad and FIA president and CEO Walt Lukken discussed leverage ratio, its impact on the cost of clearing, and the potential implications for FIA members.
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EU Regulatory Report Card: End-Users Decry Cumulative Impact of Regulation
In the eight years since the financial crisis, the derivatives industry has been playing a game of slow motion table tennis as it reacts to the swathe of new rules that regulators and politicians around the world have been batting its way in a bid to prevent a recurrence.
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Leverage Ratio: Bank of England backs changes for cleared derivatives
The Bank of England has urged European policymakers to review the treatment of derivatives trades in the leverage ratio calculation used to determine the amount of capital required for banks.
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FIA response to European Commission Call for Evidence: EU Regulatory Framework for Financial Services
On 29 January, FIA submitted its response to the European Commission Consultation - Call for Evidence: EU Regulatory Framework for Financial Services.
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Walt Lukken on the health of the clearing ecosystem
Walt Lukken delivered a State of the Union address to the FIA Asia Derivatives Conference 2015, touching on key issues including consolidation and lack of diversity of clearing members, the changing business model for clearing caused by regulatory costs and Basel III capital requirements, and potential fragmentation of global markets due to the lack of cross-border regulatory coordination.
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FIA responds to Hong Kong mandatory clearing proposals
On 5 November 2015, FIA joined with ISDA and ASIFMA in submitting a response to the HKMA and SFC’s public consultation on the introduction of mandatory clearing of OTC derivatives and to expand the existing mandatory OTC derivatives trade reporting regime.
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FIA's Special Report - Derivatives Clearing 2015
EMIR, MiFID II and Basel III form an interdependent, interconnected patchwork of national and regional regulation that is proving to be resolutely global.
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FIA responds to SGX proposal on collateral segregation
The Singapore Exchange (SGX) invited comments on its proposal to enable bank affiliates of a clearing member to segregate their positions and collateral from that of the clearing member ("Affiliate Segregation").
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Joint FIA letter to the Financial Times on 'Leverage ratio threat to the cleared derivatives ecosystem'
A broad coalition of industry groups called on regulators to exclude client collateral when calculating the total assets of banks, arguing that it actually reduces exposure for clearing member banks.
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