Europe News
The latest industry and regulatory news affecting Europe and the U.K.
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FIA EPTA Letter to Central Bank of Ireland CP on Enhancing Engagement with Stakeholders
FIA EPTA welcomes the opportunity to respond to the Central Bank of Ireland Consultation Paper on Enhancing our Engagement with Stakeholders. On behalf of FIA EPTA’s Irish and other members, we would like to express our continued appreciation of the CBI's open and constructive dialogue with our industry. FIA EPTA members believe that proposals 2 and 3 in the Consultation Paper are important initiatives that will strengthen the relationship between the CBI and wider financial markets stakeholders.
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Possible evolution of MIFID II algorithmic trading rules
In light of the recent ESMA consultation on MIFID II/MIFIR Review Report on Algorithmic Trading and the ongoing review of European financial market regulations, FIA will look at the evolution of algorithmic trading rules in Europe and their impact on cleared derivatives markets.
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FIA comments on the implementation of Basel standards
On 30 April 2021, FIA submitted a response to the UK Prudential Regulation Authority (PRA) consultation on the implementation of Basel standards (CP5/21).
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Experts discuss evolving EU and UK regulation landscape
As the review of core European financial market regulations continues unabated, FIA brought together a panel of representatives from the derivatives industry to share their views on the current and emerging regulatory landscape.
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Europe’s legislative review
As the review of core European financial market regulations continues apace, FIA looks at the key areas impacting cleared derivatives markets, including EMIR 2.2, equivalence and the next steps for the MiFID II/R framework.
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FIA issues joint letters on importance of linking UK ETS with EU ETS ahead of COP26
FIA recently released a joint paper urging the UK Government to start the process of linking the new UK Emissions Trading System (UK ETS) with the EU’s Emissions Trading System (EU ETS) as soon as practicable.
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Response by the FIA European Principal Traders Association to the European Commission consultation on the draft Delegated Regulation specifying the conditions under which the commercial terms for clearing services for OTC derivatives are to be considered to be fair, reasonable, non-discriminatory and transparent (FRANDT)
Many of FIA EPTA’s members are clients of direct clearing members, and therefore rely on clearing members for access to financial markets. In consequence, we are supportive of the overarching objective which the Delegated Regulation on FRANDT seeks to achieve, which is to increase access to client clearing services by ensuring that clearing members provide clearing services on fair, reasonable, non-discriminatory, and transparent terms.
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FIA and ISDA respond to European Commission's consultation on FRANDT requirements
FIA and ISDA responded to the European Commission (EC)’s consultation on the draft Delegated Act and accompanying Annex to specify the conditions under which the commercial terms for clearing services for OTC derivatives are to be considered to be fair, reasonable, non-discriminatory and transparent (FRANDT).
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Viewpoint – Listen to customers and markets will follow
FIA strongly believes that the development of competitive, efficient and resilient markets is best achieved by market-driven solutions and client demand over the long term. Mandating where participants trade and clear would eliminate customer choice and harm the growth of financial market infrastructure by creating unintended costs and risks.
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FIA and ISDA response to the European Commission’s ‘Roadmap’ consultation on CSDR
FIA and ISDA on 4 April 2021 submitted a response to the European Commission’s ‘Roadmap’ consultation on the review of CSDR.
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