Europe News
The latest industry and regulatory news affecting Europe and the U.K.
-
CFTC Self-Reporting, Cooperation, and Remediation Advisory: A Game-Changer
The CFTC recent issued an Enforcement Advisory that provides what market participants have sought for years: clear guidelines and concrete incentives for self-reporting, cooperation, and remediation. The Advisory contains a simple matrix that sets forth the presumptive discounts that a market participant would receive for self-reporting and cooperation, as well as detailed explanations of how market participants can make themselves eligible for those discounts. This advisory transforms how market participants should approach the decision of whether to report a potential violation to the Commission and how to defend a potential violation that is being investigated by the Commission.
CONTINUE READING -
Understanding the FIA Terms of Business 2018
Are you new to the world of FIA standard derivatives clearing documentation? Have you ever been asked a question about the FIA Terms of Business 2018 and you think you could benefit from a refresher? What are FIA Indirect Clearing Terms and how can they be used in practice? What are all the different types of legal opinions that FIA makes available to members and non-members?
CONTINUE READING -
FIA responds to UK consultations on operational incident and third-party reporting
FIA has submitted a response to the Bank of England and Prudential Regulation Authority Consultation Paper 17/24, and the Financial Conduct Authority CP22/28 on operational incident and third-party arrangement reporting. FIA’s feedback highlights areas where requirements could be further refined to align with a genuinely risk-based model.
CONTINUE READING -
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 -
What the CFTC Can and Should Do on Crypto Ahead of New Legislation
This webinar is intended for informational purposes only and is not intended to provide investment, tax, business, legal or professional advice. Neither FIA nor its members endorse, approve, recommend, or certify any information, opinion, product, or service referenced in this webinar. FIA makes no representations, warranties, or guarantees as to the webinar’s content.
CONTINUE READING -
FIA responds to IOSCO consultation on pre-hedging
FIA and ISDA's joint letter notes the benefits of pre-hedging for derivatives market participants and the difficulty in establishing a single definition across jurisdictions and asset classes.
CONTINUE READING -
FIA EPTA co-signs trade association letter on gas price cap
FIA EPTA has joined other European trade associations in expressing strong concerns regarding the potential inclusion of a gas price cap in the forthcoming Clean Industrial Deal and the related Action Plan on Affordable Energy Prices.
CONTINUE READING -
Trade association joint statement in support of the EU-UK Financial Regulatory Forum
The EU-UK Financial Regulatory Forum is a much-valued dialogue between EU and UK regulators on regulatory changes and promoting collaboration in financial stability, sustainability and digitisation.
CONTINUE READING -
FIA urges European Commission against gas price cap
FIA and several European trade associations representing energy companies, banks, liquidity providers, market infrastructure providers and clearinghouses, have written to the European Commission expressing strong concerns over the potential inclusion of a gas price cap in the forthcoming Clean Industrial Deal and the related Action Plan on Affordable Energy Prices.
CONTINUE READING -
Viewpoint - The EU’s B.I.G. agenda
While in Brussels and Paris last week, I heard a common theme coming from European policymakers. The EU is falling behind in productivity and growth compared to other countries, and its policy efforts to build a Capital Markets Union do not seem to be working.
CONTINUE READING
