Clearing
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FIA urges Labor Department to revise fiduciary definition in ERISA proposal
The U.S. Department of Labor’s proposed re-definition of the term “fiduciary” in the Employee Retirement Income Security Act of 1974 (ERISA) is so broad that it could be interpreted to capture services provided by futures commission merchants and prevent them from executing trades for pension plans, FIA said in a July 21 letter.
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FIA Global launches interactive reporting tool on CCP risk
Washington, D.C.—June 9, 2015—Today, FIA Global, in cooperation with the law firms Linklaters and Milbank, Tweed, Hadley & McCloy, announced an interactive tool to compare and assess the rules of central counterparties (CCPs) within the FIA CCP Risk Review™.
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FIA publishes review of European regulatory reform
FIA has published a review of the cumulative effect of European derivatives law reform, setting out the core issues and offering potential solutions to encourage further debate.
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Lukken's keynote address at the FIA Japan Financial Market Conference
FIA President and CEO Walt Lukken delivered a keynote address at the FIA Japan Financial Market Conference in Tokyo on May 13. His remarks, as prepared for delivery, follow:
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Puleston Jones' keynote address at FOW Post-Trade event
FIA Europe CEO, Simon Puleston Jones delivered a keynote address at FOW Post-trade event in London on 11 May. His remarks, as prepared for delivery, follow:
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FIA Global issues position paper on central clearing risks
Washington, D.C.—April 28, 2015—Today, FIA Global issued recommendations for assessing and managing risks that arise from central counterparty (CCP) clearing.
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FIA/ASIFMA Response to MAS Consultation Paper SFA (March 2015).pdf
The Monetary Authority of Singapore (MAS) has sought feedback on proposed amendments to the Securities and Futures Act. Key changes include reforms relating to the regulation of OTC derivatives including regulation of derivatives markets, trading and licensing of intermediaries, changes to types of regulated activities and the transfer of regulation of commodity derivatives.
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FIA issues recommendations for efficient swap clearing
On Feb. 4, FIA released a set of recommendations aimed at improving important operational elements of the new clearing infrastructure for over-the-counter derivatives.
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FIA Global responds to consultation on the liberalisation of Chinese domestic futures market
The China Securities Regulatory Commission conducted a public consultation on draft rules which allow foreign investors and brokers to trade and clear certain domestic Chinese futures contracts (initially crude oil futures).
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FIA Global requests segregated margin be excluded from Basel III capital requirements
FIA Global sent a letter to the Basel Committee on Banking Supervision this week urging the committee to consider how segregated margin is treated in the leverage calculations that determine bank capital requirements.
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