FIA strongly opposes provisions in the Basel III Endgame Proposal put forward by US bank regulators. In letters filed today with the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency, FIA outlines its concerns, stating that the proposals would dramatically increase capital requirements for derivatives clearing services that banks offer to their clients.
CONTINUE READINGFIA joined with the Securities Industry and Financial Markets Association in submitting a comment letter to US banking regulators regarding the operational risk elements of their proposed changes to US bank capital requirements.
CONTINUE READINGFIA estimates that top six US clearing banks would need more than $7.2 billion in additional capital for derivatives clearing services.
CONTINUE READINGFIA filed a comment letter today with the Board of Governors of the Federal Reserve System expressing serious concerns with the significant increase in capital requirements for client derivatives clearing activities that the Board has proposed in its GSIB Surcharge Proposals. The changes would, on their own, increase the capital required to engage in client clearing activities by more than 58%.
CONTINUE READINGAppointments, promotions and other people news in the derivatives industry
CONTINUE READINGVotes to approve report calling on the government to address risks in decentralized finance
CONTINUE READINGAbu Dhabi Securities Exchange (ADX) was founded in 2000 and is regulated under the UAE Securities and Commodities Authority to provide securities and derivatives trading and post-trade services.
CONTINUE READINGIn recent years, the landscape of global central counterparty margin models has witnessed a significant transformation in risk management. Central to this shift is the migration from the long-established Standard Portfolio Analysis of Risk (SPAN) model to various Value-at-Risk (VaR) based models for the purpose of calculating margin for exchange-traded derivatives.
CONTINUE READINGFIA has updated its CCP Tracker visualizations with data from the third quarter.
CONTINUE READINGWalt Lukken sat down with NYSE Group President Lynn Martin to discuss her role, the state of capital markets and market structure, the migration and rollout of the NYSE Pillar technology platform, modernization with a focus on human interaction, her STEM background and more.
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