Europe News
The latest industry and regulatory news affecting Europe and the U.K.
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FIA and ISDA respond to BoE CCP operational resilience paper
FIA and ISDA have responded jointly to the Bank of England’s consultation paper (CP) on operational resilience of Central Counterparties. The associations applaud UK authorities for focusing on the operational resilience of the entire financial sector – including Financial Market Infrastructures (FMIs) such as CCPs.
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EU proposal for second layer of CCP skin-in-the-game a win for clearing firms
Recent regulatory actions show an increased focus on issues surrounding CCP recovery and resolution. And based on the EU's CCP Recovery and Resolution Regime, it seems that policymakers have provided national authorities and CCPs with adequate tools to manage a crisis while also balancing incentives for all participants to appropriately manage risk.
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FIA welcomes the decisions by EC on time-limited equivalence and ESMA on UK CCP temporary recognition
FIA President and CEO Walt Lukken today made the following statement in reaction to the EC and ESMA decisions to formally grant temporary equivalence and recognition for clearinghouses based in the UK, which allow them to continue to provide clearing services in the EU at the end of the transition period between the EU and the UK.
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FIA responds to FCA discussion paper on new UK regulation for investment firms
The response focuses on a few specific proposed requirements that FIA's UK-based investment firm members have identified as problematic or needing further clarification.
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Response by the FIA EPTA to the FCA Discussion Paper on a new UK prudential regime for MiFID investment firms
FIA EPTA appreciates the opportunity to provide feedback to the Financial Conduct Authority (FCA) on its Discussion Paper regarding the implementation of the new UK prudential regime for MiFID investment firms. Market making and liquidity provision (also referred to as principal trading or dealing on own account) is a distinct activity that is undertaken by non-systemic investment firms rather than banks, in a highly dispersed and varied ecosystem of independent Principal Trading Firms.
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FIA releases surveillance and market abuse guidelines
London, UK – FIA today released new guidelines to assist market participants in fulfilling obligations set by UK and European regulators in relation to surveillance and market abuse requirements.
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Consolidated response by FIA EPTA to the EBA consultations on IFR/IFD Level 2
FIA European Principal Traders Association (FIA EPTA) appreciates the opportunity to provide feedback to the European Banking Authority (EBA) on the implementation of the new regulatory framework for investments firms (IFR/IFD). FIA EPTA has consistently welcomed the new prudential regime for investment firms contained in the Investment Firm Regulation and Directive (IFR/IFD), which is aimed at creating a tailored and proportionate prudential framework for firms such as those we represent.
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FIA Responds to EBA on draft regulatory technical standards under IFR
FIA has responded to the EBA consultation on draft Regulatory Technical Standards (RTS) related to implementation of a new prudential regime for investment firms in the EU.
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FIA and ISDA publish paper on non-default losses at clearinghouses
FIA and ISDA published a primer on the issue of non-default losses (NDL) at clearinghouses.
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FIA releases midyear 2020 advocacy report
FIA is proud to be your voice and tireless advocate during these challenging times. This has been an extraordinary year like no other we have seen. The COVID-19 pandemic has brought an unprecedented health and economic crisis to our global community. Yet these uncertain times require us to rise to the occasion and meet these problems head-on with creative solutions and innovative ideas. FIA is energized to be your partner through these difficult days ahead.
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