Clearing
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FIA and FIA Tech announce successful implementation of execution source codes at CME Group
Washington, DC—FIA and FIA Tech today announced the successful implementation of execution source codes at CME Group. Over the last several months, FIA, FIA Tech and CME Group have worked with market participants to make the necessary adjustments to trading systems to support this new industry standard, which will allow for greater automation and efficiencies in post-trade processing.
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FIA recommends changes to CFTC Non-US CCP Proposals
Washington, DC—FIA today recommended changes to separate, but similar, CFTC rule proposals that would govern U.S. customer access to foreign clearinghouses.
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FIA welcomes plan to extend UK CCP temporary equivalence
FIA welcomes the statement from European Commission Vice President Valdis Dombrovskis today proposing to renew the time-limited equivalence decision for UK CCPs.
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Trade organizations call for extension of temporary equivalence and recognition of UK CCPs
Today, 14 financial services trade associations wrote to European Commission Vice President Valdis Dombrovskis to highlight the need for an urgent extension to the temporary equivalence determination for UK central counterparties (CCPs).
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FIA questions new OCC capital management plan in SEC letter
FIA submitted a letter to the SEC that raises concerns about the Options Clearing Corporation’s (OCC) proposed new capital management plan.
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FIA responds to CFTC, SEC on non-default losses
FIA responded to both the CFTC and the SEC on ICE Clear Credit’s proposed rule amendments to allocate non-default losses for investment losses and custodial losses to clearing members.
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FIA and ISDA call for further changes to CFTC rules for derivatives clearinghouses
FIA and ISDA sent a joint comment letter today in response to the CFTC’s call to enhance the rules governing various aspects of the Core Principles applicable to derivatives clearing organizations (DCOs). FIA and ISDA support many of the Commission’s proposed clarifications of and amendments to the regulations applicable to DCOs. However, the two trade associations recommend that the Commission amend or re-issue certain proposed rule changes to ensure that the regulatory framework supports the transparent, efficient and safe clearing of derivatives.
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FIA supports CFTC and SEC update on security futures margining
FIA today submitted a comment letter in support of the CFTC and SEC’s effort to update, harmonize and simplify decades-old rules with respect to the minimum required margin to be collected by security futures intermediaries.
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FIA and ISDA comment on the design of CCP default management auctions
FIA joined with the International Swaps and Derivatives Association in responding to a discussion paper on the design of default management auctions conducted by central counterparties in case of a member default.
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Lukken Stresses the Importance of Cross-border Recognition
Chairman Scott, Ranking Member Scott, and members of the Subcommittee, thank you for the opportunity to testify about Brexit and various cross-border matters that impact derivatives markets and market participants.
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