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).
CONTINUE READINGOn 10 December FIA provided members with a detailed overview of the CFTC’s final position limits rule. Panelists from FIA, the CFTC, CME, ICE and Willkie Farr & Gallagher LLP discussed the development, effective and compliance dates, and requirements of the final rule. Special emphasis was placed on implementation issues and the expanded role of the exchanges in administering federal position limits and hedge exemptions. The panelists also responded to questions from the attendees.
CONTINUE READINGWorldwide volume of exchange-traded derivatives was 4.45 billion contracts in the month of November, up 11% from the previous month and up 57.1% from November 2019. This was the second highest amount recorded for any month, after March 2020’s record setting level.
CONTINUE READINGThe FCA have added information on position limits and position reporting under Art. 57 and 58 MiFID II on their website.
CONTINUE READINGFIA and ISDA submitted a joint response to the FCA Quarterly Consultation Paper 17/6.
CONTINUE READINGThe fairness and effectiveness of markets has been an issue of concern among regulators, politicians and the public at large since the financial crisis more than six years ago.
CONTINUE READINGOn Sept. 19, FIA filed a comment letter with the Federal Energy Regulatory Commission, the agency that oversees U.S. wholesale markets for physical power and natural gas, seeking clarification about the scope of a proposed rule aimed at strengthening FERC’s ability to prevent market manipulation.
CONTINUE READINGFIA Europe members highlighted their concerns about the impact of the European Commission’s, Council's and Parliament’s proposed Benchmark.
CONTINUE READINGWalt Lukken, president and chief executive officer of the Futures Industry Association, testified before the Senate Agriculture Committee at a July 17 hearing on the reauthorization of the Commodity Futures Trading Commission.
CONTINUE READINGWalt Lukken, president and chief executive officer of FIA, testified before the Senate Agriculture Committee today at a hearing on the failures of MF Global and Peregrine Financial Group.
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