Publications & Filings
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FIA, FIA EPTA and ISDA offer joint response to the European Commission targeted consultation the CSDR review
On 2 February 2021, ISDA, FIA and FIA EPTA submitted a joint response to the European Commission’s (EC) targeted consultation on the review of the settlement and central securities depositories regulation (CSDR).
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FIA EPTA, FIA and ISDA offer joint response to the European Commission targeted consultationon the CSDR reviw
On 2 February 2021, ISDA, FIA and FIA EPTA submitted a joint response to the European Commission’s (EC) targeted consultation on the review of the settlement and central securities depositories regulation (CSDR). The Associations outline their members’ concerns with regards to detrimental effects arising from the application of the CSDR mandatory buy-in regime for derivatives markets. The Associations request the European Commission and the co-legislators to clarify that the mandatory buy-in requirements of the CSDR settlement discipline regime do not apply in the context of margin transfers, physically settled derivatives and emission allowances.
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How recent US political changes will affect derivatives markets
In November, Democrats reclaimed the White House and held their control over the US House of Representatives. Then in January, the party gained two seats in Senate through a runoff election in Georgia, dividing power 50-50 between the two parties. Here's a look at changes in leadership and potential priorities for Congress in 2021 and beyond.
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FIA responds to ESMA on market data
FIA responded to the ESMA Consultation Paper on draft guidelines on the MiFID II/MiFIR obligations on market data from the perspective of market data users.
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FIA EPTA response to the ESMA Consultation Paper on Guidelines on the MiFID II/MiFIR obligations on market data
FIA EPTA members welcome the opportunity to respond to this Consultation Paper on Guidelines on the MiFID II/ MiFIR obligations on market data. FIA EPTA has consistently supported ESMA’s work on market data issues and we very much welcomed ESMA’s review report from December 2019 and its draft Guidelines which build on this report. As we have shown in our response to ESMA’s previous consultation in 2019, user data fees are high and have increased over the past years.
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FIA EPTA response to the FCA Call for Input on accessing and using wholesale data
FIA EPTA welcomes the opportunity to respond to the FCA Call for Input on accessing and using wholesale data. Below, we respond to the FCA’s questions in relation to trading data, benchmarks and market data vendor services. FIA EPTA members observe that user data fees are high and have increased over the past years. Empirical data which we have analysed substantiates this. We also observe that new fees have been added and that market data policies and agreements are increasingly complex.
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FIA comments on accessing and using wholesale market data
FIA responded to the FCA Call for Input on focused on the topic of market data from the market data users’ perspective and has been drafted with exchange-traded derivatives.
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CFTC advisory committee examines impact of COVID-19 on global clearing
On 17 December, the Commodity Futures Trading Commission hosted a meeting of its Global Markets Advisory Committee to review the COVID-19 pandemic’s impact on derivatives clearing and to discuss regulatory developments in 2020 related to markets.
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Brexit end game: state of play for financial firms
An overview of what has changed and what issues are outstanding as the transition period draws to a close
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FIA comments on SEC’s proposed order permitting portfolio margining of cleared swaps and security-based swaps
FIA filed comments supporting the Securities and Exchange Commission’s proposed order granting conditional exemptions for the portfolio margining of cleared swaps and security-based swaps that are credit default swaps (CDS).
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