2015 was a landmark year for FIA. Our organization merged into a single, global organization with FIA Europe and FIA Asia to provide our industry with a coordinated voice on international issues. During the year, FIA was particularly engaged on capital requirements, segregation and the leverage ratio and their unintended effects on the clearing model. FIA also proactively addressed risk recovery and resolution at clearinghouses.
2014 was marked by tremendous change in the market structure and regulation of futures, options and cleared derivatives globally. This was the year in which the rulewriting phase of Dodd-Frank largely concluded and the reality and cost of implementation were felt in earnest. In Europe and Asia, the rule-writing phase is still underway but significant cross-border differences are beginning to emerge.
During 2013 much of the focus at FIA was on the global challenges our markets face as new financial reforms are implemented. One of the highlights of 2013 was the creation of FIA Global, which unites FIA, FIA Europe and FIA Asia under a single global structure. Also at the top of last years’ policy agenda was strengthening the protections afforded to customers in our markets. 2013 also saw record attendance at FIA’s conferences and events.
2012 was a very busy year for the FIA, with continuing Dodd-Frank implementation, association expansion, and a variety of conferences. Dodd-Frank kept FIA regularly working with Congress and the Commodity Futures Trading Commission, as well as reaching out to the financial industry to respond to regulatory and legislative initiatives. Our staff grew larger, domestically and internationally, new members joined the organization, and we expanded our yearly conferences.