EMIR
-
FIA responds to European Commission SIU consultation
FIA has responded to the European Commission's request for input on its overall approach to the Savings and Investments Union. FIA welcomes the opportunity to outline its views on how to support the progress of the European SIU.
CONTINUE READING -
FIA responds to ESMA consultation on conditions of the EMIR 3.0 active account requirement
FIA has responded to ESMA’s consultation on conditions of the Active Account Requirement under EMIR 3.0. FIA strongly recommends the AAR approach follows the renewed ambitions of the EU competitiveness and burden-reduction agenda. The response notes that the proposed reporting requirements are contrary to the objectives of the European Commission in reducing the reporting burden and ensuring EU firms' competitiveness.
CONTINUE READING -
FIA responds to EMIR 3.0 proposal and prudential requirements
FIA supports many elements in the proposal, which will improve the competitiveness and attractiveness of EU CCPs. However, the EMIR 3.0 package also contains proposals that may ultimately negatively impact the competitiveness of EU firms, harm the efficiency and resiliency of the clearing ecosystem, and impact EU investors and pension funds.
CONTINUE READING -
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.
CONTINUE READING -
FIA responds to EU Commission on clearing review
FIA recommends the European Commission takes into account international practices and continues the coordination of cross-border clearing and capital frameworks at an international level.
CONTINUE READING -
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.
CONTINUE READING -
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.
CONTINUE READING -
FIA responds to ESMA on EMIR trade reporting
FIA submitted a response to ESMA's consultation on September 30 on the draft Guidelines for derivatives reporting under EMIR that highlights key areas where additional clarity and guidance is required from ESMA to ensure consistent interpretation and implementation of reporting rules to enable improved data quality, accuracy and completeness of reported data under EMIR Refit.
CONTINUE READING -
FIA and ISDA respond to ESMA's "Draft Guidelines on common procedures and methodologies on supervisory review and evaluation process of CCPs under Article 21 of EMIR"
FIA and ISDA have responded to ESMA’s consultation on their “Draft Guidelines on common procedures and methodologies on supervisory review and evaluation process of CCPs under Article 21 of EMIR”.
CONTINUE READING -
Brexit and its Impact on the Cleared Derivatives Markets: A Primer
The UK left the EU on 31 January 2020 and is in a transitional period that ends on 31 December 2020. During this period, EU law continues to apply in and to the UK and UK financial services firms continue to benefit from all existing EU rights, as do EU firms operating in the UK.
CONTINUE READING
