CCP Risk archive
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Clearing rules for energy markets in focus at Expo
Panelists discuss EU measures to tackle energy crisis
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Expo 2022 - The role of innovation and intermediation
Opening remarks of Walt Lukken, President and CEO of FIA, at the FIA Expo 2022 conference in Chicago. As prepared for delivery.
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FIA makes recommendations on circuit breakers
The current energy crisis has been driving prices of natural gas to record levels, impacting households and businesses. The European Commission has reacted by tasking the European Securities and Market Authorities to review different areas of the market, including the use of circuit breakers by energy trading venues. In a letter to ESMA and the European Commission, FIA makes recommendations and emphasizes controls should not be used to cap prices.
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FIA offers comments on DCO governance requirements
FIA has filed provide comments with the US Commodity Future Trading Commission on a proposed rulemaking regarding governance requirements for Derivatives Clearing Organizations (DCOs).
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A Futures Industry Perspective - How EU Policymakers Should Respond to the Energy Crisis
With Europe facing an extraordinary shortage of energy triggered by Russia’s invasion of Ukraine, prices for natural gas and electricity have reached record highs. FIA provides a high-level overview of the liquidity issues emerging in the futures markets and our perspective on some of the measures now under consideration to ease the impact on utilities and other firms facing extraordinarily large margin calls.
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FIA responds to independent review of LME nickel market disruption
On 2 September, FIA responded to an independent review of the nickel market disruption on the London Metal Exchange. The review is being conducted by Oliver Wyman, a consulting firm, on behalf of LME.
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CPMI-IOSCO discussion paper on non-default losses welcomed by FIA
FIA welcomes a recent discussion paper on practices used by central counterparties to address non-default losses, such as losses from cyberattacks or system outages.
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FIA publishes whitepaper on role of clearing firms in futures markets
FIA has published a whitepaper on the role of clearing firms in futures markets as a tool to help public sector stakeholders better understand how these important intermediaries support safe and efficient capital markets worldwide.
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Derivatives industry supports more transparency in margin models
At a panel on margin-related issues at the International Derivatives Expo, experts agreed that cleared derivatives market participants would all benefit from greater transparency in clearinghouse margin models.
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FIA joins response to FSB and CPMI-IOSCO on CCP recovery and resolution
FIA, along with the International Swaps and Derivatives Association and the Institute of International Finance have commented on CCP recovery and resolution issues in response to a consultation paper published by the Financial Stability Board, the Committee on Payments and Market Infrastructures of the Bank for International Settlements and the International Organization of Securities Commissions.
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