Opening remarks of Walt Lukken, President and CEO of FIA, at the International Derivatives Expo (IDX) in London on 16 June 2025. As prepared for delivery.
CONTINUE READINGFIA urges the Canadian Derivatives Clearing Corporation to segregate default resources for the new TRS clearing service and increase CCP capital to reflect higher risk.
CONTINUE READINGFIA has responded to ESMA’s consultation paper on draft technical standards, which provide further details for the new EMIR 3.0 clearing thresholds regime. FIA broadly agrees with the proposed uncleared thresholds but raises concerns about the reductions for IRDs and commodity derivatives, citing inflationary pressures and the importance of maintaining competitiveness with other jurisdictions.
CONTINUE READINGResponding to the European Commission’s consultation on capital markets integration, FIA calls for simplification and burden reduction, makes recommendations on post-trading issues, distributed ledger technology and asset tokenisation, and adds to the debate on supervision.
CONTINUE READINGThe white paper states that the cleared derivatives industry is at an "inflection point" in the adoption of tokenisation and notes that several clearinghouses are exploring use cases for this technology.
CONTINUE READINGFIA, EACB, EFAMA and ISDA have written to the European Securities and Markets Authority to highlight concerns regarding the imminent entry into effect of the Active Account Requirement on 24 June 2025, in the absence of required Level 2 implementing rules. Without these rules, EU market participants lack clarity on the final AAR requirements with which they must comply from that date. The associations request that ESMA issues an opinion to national competent authorities asking them not to prioritise any supervisory or enforcement action in relation to AAR, namely the representativeness requirement.
CONTINUE READINGFIA and FIA PTG respond to CFTC perpetual contracts request for comment
CONTINUE READINGFIA does not support extending trading and clearing in CFTC-regulated derivatives markets to a 24/7 basis until such issues have been systematically identified, assessed, and resolved pursuant to public comment and informed public agency action.
CONTINUE READINGFIA and ISDA have submitted a joint response to the European Commission’s targeted consultation on the review of the functioning of commodity derivatives markets and certain aspects relating to spot energy markets.
CONTINUE READINGFIA has responded to SEBI’s Consultation Paper on the Final Settlement Day for Equity Derivatives. FIA acknowledges and supports SEBI’s stated objectives of enhancing market stability, improving predictability, and promoting orderly market functioning through a more structured approach to contract expiries.
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