FIA President and CEO Walt Lukken today made the following statement after the US Senate voted to confirm Gary Gensler as Chairman of the Securities and Exchange Commission (SEC)
CONTINUE READINGFIA has updated its CCP Tracker visualizations with data from the fourth quarter, which was released at the end of March.
CONTINUE READINGDuring this discussion, James McDonald, Sullivan & Cromwell Partner, interviews Robert Zink, U.S. Department of Justice, Acting Assistant Attorney General (and Chief of the DOJ Fraud Section from January 2019 to August 2020), regarding DOJ’s enforcement priorities in the commodities and derivatives markets and white collar area more generally.
CONTINUE READINGAppointments, promotions and other people news in the derivatives industry
CONTINUE READINGThe total amount of customer funds in futures accounts at US FCMs was recorded at $297.4 billion in the month of February.
CONTINUE READINGFIA and ISDA responded to the European Commission (EC)’s consultation on the draft Delegated Act and accompanying Annex to specify the conditions under which the commercial terms for clearing services for OTC derivatives are to be considered to be fair, reasonable, non-discriminatory and transparent (FRANDT).
CONTINUE READINGMany of FIA EPTA’s members are clients of direct clearing members, and therefore rely on clearing members for access to financial markets. In consequence, we are supportive of the overarching objective which the Delegated Regulation on FRANDT seeks to achieve, which is to increase access to client clearing services by ensuring that clearing members provide clearing services on fair, reasonable, non-discriminatory, and transparent terms.
CONTINUE READINGFIA and ISDA on 4 April 2021 submitted a response to the European Commission’s ‘Roadmap’ consultation on the review of CSDR.
CONTINUE READINGFIA strongly believes that the development of competitive, efficient and resilient markets is best achieved by market-driven solutions and client demand over the long term. Mandating where participants trade and clear would eliminate customer choice and harm the growth of financial market infrastructure by creating unintended costs and risks.
CONTINUE READINGThe FIA European Principal Traders Association (FIA EPTA) appreciates the opportunity to respond to HM Treasury’s consultation on the Implementation of the Investment Firms Prudential Regime and Basel 3 standards. As MiFID II investment firms our members strongly support the more proportionate prudential regime contained in the Investment Firms Prudential Regime (IFPR). FIA EPTA members agree with the Government’s proposals. Specifically, in regard to the UK resolution regime, we would strongly urge the Government to exclude FCA authorised investment firms from its scope. We hope this feedback is useful and would be delighted to provide any further input as required.
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