On 20 September, FIA and ISDA jointly responded to ESMA’s seven consultations on recovery-related topics in the CCP R&R regulation (CCPRRR).
CONTINUE READINGFIA joined five trade associations in a response to the Basel Committee on Banking Supervision’s consultative document on the prudential treatment of cryptoassets. The associations support BCBS’s decision to engage in an iterative approach to the prudential treatment of cryptoassets. However, the associations emphasize the need to provide clarity for the banks as the client demand grows.
CONTINUE READINGGlobal banks take different approaches to bring staff back to the office.
CONTINUE READINGIn his latest Viewpoint column, FIA President and CEO Walt Lukken writes that the euro clearing debate, operations and standards and China's futures law are just some of the areas that have kept FIA busy this summer.
CONTINUE READINGThere is an old expression in Washington – people make policy. Knowing who makes the policy tells a lot about what to expect as the policies are made. That is never more true when a new US president takes office and a new set of officials are appointed across the many agencies of the federal government.
CONTINUE READINGOn 17 September 2021, FIA submitted a brief response to the third FCA consultation (CP21/26) on the proposed UK prudential regime for investment firms (UK IFPR).
CONTINUE READINGFIA EPTA appreciates the opportunity to provide feedback to the Financial Conduct Authority (FCA) on its third Consultation Paper regarding the implementation of the new UK prudential regime for MiFID investment firms. This document constitutes FIA EPTA’s response to the FCA’s Consultation Paper on a new UK prudential regime for MiFID investment firms (CP21/26). We welcome the FCA’s approach as set out in the Consultation Paper and agree that the FCA’s proposed rules are clear, proportionate and fit for purpose. In our response, we focus only on a limited number of areas where we believe further improvements or clarifications could be made to enable a proportionate, effective and practicable prudential regime for investment firms.
CONTINUE READINGNine industry associations (AFME, AIMA, EAPB, EBF, EFAMA, FIA, ICI, ISDA, SIFMA AMG) – representing the broadest group of market participants – have written to European Commissioner Mairead McGuinness, respectfully requesting that the European Commission (EC) extend the EC equivalence decision for UK CCPs.
CONTINUE READINGThe US Commodity Futures Trading Commission held a meeting of its Energy and Environmental Markets Advisory Committee (EEMAC) on 15 September via teleconference.
CONTINUE READINGIn this episode, FIA President and CEO Walt Lukken talks with Greenwood Project founders Elois and Bevon Joseph, two impressive individuals who both worked on the floors of exchanges and now dedicate their lives to helping black and Latinx students get trained and placed for internships at financial companies in Chicago, New York, London, and beyond.
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