CCP Risk archive
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FIA responds to ESMA consultation on margin procyclicality
FIA has responded to a consultation published by the European Securities and Markets Authority (ESMA) seeking input on the current calibration of the antiprocyclicality tools, and whether proposed revisions to existing Regulatory Technical Standards (RTS) may be necessary.
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FIA and ISDA respond to the Bank of England’s approach to tiering incoming CCPs under UK EMIR 2.2
FIA jointly with ISDA has submitted its response to the BoE’s proposed approach to tiering under UK EMIR 2.2.
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FIA responds to HMT Financial Services Future Regulatory Framework Review: Bank of England regulation of CCPs and CSDs
FIA recently submitted its response to HM Treasury's central counterparties and central securities depositories reform proposals under the Financial Services Future Regulatory Framework Review.
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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 urges balance in response to BCBS, CPMI, IOSCO consultation on margin
FIA has responded to a consultation by the Basel Committee on Banking Supervision (BCBS), Committee on Payments and Market Infrastructures (CPMI), and the International Organization of Securities Commissions (IOSCO) on the impact of market volatility in 2020 on central counterparties and initial margin requirements.
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FIA and ISDA respond to BofE consultation on stress testing
FIA and the International Swaps and Derivatives Association (ISDA) welcomed a consultation by the Bank of England (the Bank) on supervisory stress testing. The Associations together agreed overall with the presented approach. However, given the huge effort to run supervisory stress tests, the Associations jointly proposed for global regulators to join forces and run joint SSTs.
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Derivatives industry cautiously optimistic on UK clearing proposals
Bank of England says it will not "politicise" how it supervises non-UK CCPs
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CFTC Market Risk Advisory Committee adopts CCP risk and governance reports
The US Commodity Futures Trading Commission held a public meeting of its Market Risk Advisory Committee (MRAC) on 13 July, via teleconference. At the meeting, the MRAC adopted two final reports from the Central Counterparty (CCP) Risk and Governance Subcommittee.
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CFTC Market Risk Advisory Committee discusses CCP margin, DCO disclosures
The US Commodity Futures Trading Commission held a meeting of its Market Risk Advisory Committee (MRAC) on 23 February via teleconference. Among other matters, the MRAC considered reports on CCP margin methodologies at central counterparties and how CCPs adopt rules and respond to feedback from market participants.
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FIA highlights CCP margin procyclicality concerns to European Regulators
FIA today presented to the European Securities and Markets Authority (ESMA) on the issues experienced in the spring of 2020 when high volatility and procyclicality of margin requirements were experienced in the global clearing system.
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