Clearing
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FIA submits joint response to six ESMA consultations on CCP resolution
As part of their level-2 rulemaking, the European Securities and Markets Authority (ESMA) consulted on six topics around central counterparty (CCP) resolution.
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FIA and ISDA submit joint response to ESMA paper on clearing thresholds under EMIR
On 19 January, FIA and ISDA jointly submitted its respond to ESMA's Discussion Paper on the review of the clearing thresholds under EMIR.
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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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Industry urges EU to extend relief for cross-border intragroup transactions
FIA joined ISDA and four other trade bodies and wrote to the European Commission and European Supervisory Authorities to request they extend the current temporary derogations from clearing and margining requirements for intragroup transactions where at least one group entity is in a non-EU jurisdiction.
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CCP recovery and resolution comparative review between FSB, EU and UK frameworks
FIA and ISDA have initiated a comparative review produced by Allen & Overy between the EU, UK and FSB CCP recovery and resolution frameworks. The UK framework includes HMT’s proposals for an expanded resolution regime (February 2021).
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FIA contributes comments to UK HM Treasury’s Wholesale Markets Review
FIA commented on the HM Treasury’s (HMT) Wholesale Markets review as part of the UK government’s efforts to establish how UK markets should adapt following the UK’s departure from the EU.
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FIA and ISDA respond to ESMA’s consultations on CCP recovery & resolution
On 20 September, FIA and ISDA jointly responded to ESMA’s seven consultations on recovery-related topics in the CCP R&R regulation (CCPRRR).
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Joint trade association letter to EC on equivalence and recognition of UK CCPs
Nine industry associations (AFME, AIMA, EAPB, EBF, EFAMA, FIA, ICI, ISDA, SIFMA AMG) – representing the broadest group of market participants – have written to European Commissioner Mairead McGuinness, respectfully requesting that the European Commission (EC) extend the EC equivalence decision for UK CCPs.
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FIA submits comments to the OSE and TOCOM consultation on the introduction of derivatives holiday trading
On 15 June, 2021, FIA responded to proposals on the “Introduction of Derivatives Holiday Trading” issued by Osaka Exchange, Inc. (OSE) and Tokyo Commodity Exchange, Inc. (TOCOM) (together, the “Exchange”).
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Enhancing the clearing ecosystem: post trade processing and clearing
FIA Operations presents a panel on Post Trade Processing and Clearing. In this webinar, our panelists guide us through a discussion exploring the lifecycle of a trade, including the operational nuances of Give-up, Average Pricing, and Allocation processes, as we look to enhance our clearing ecosystem for 2021 and beyond.
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