Latest news from FIA

Date Headline Description #
4-Jul-2025 FIA responds to ESMA consultation on derivatives transparency The response notes it is essential to take into account how a specific market is being used by understanding the central limit order book and the size of business that can be executed in that order book in a short amount of time without causing price slippage. Moreover, it is important to distinguish between ETD and OTC product specificities. Request summary
30-Jun-2025 FIA responds to ASX Consultation on Anomalous Order Thresholds for ASX 24 Products FIA supports ASX’s AOTs for interest rate futures and urges further engagement on commodity thresholds to align with global best practices and enhance market integrity. Request summary
30-Jun-2025 FIA responds to ASX Consultation on Anomalous Order Thresholds (AOT) for ASX 24 Products FIA supports ASX’s AOTs for interest rate futures and urges further engagement on commodity thresholds to align with global best practices and enhance market integrity. Request summary
30-Jun-2025 EU T+1 Industry Committee publishes road map for T+1 settlement transition The EU T+1 Industry Committee has published a high-level road map for the transition to a T+1 settlement cycle for securities on 11 October 2027. The road map contains a set of recommendations developed collaboratively by association representatives and workstream leads from various industry segments.  Request summary
23-Jun-2025 FIA responds to OCC intraday margin change proposal FIA supports OCC’s proposal to use actual intraday positions for margining and urges reassessment of conservative add-ons like the Intraday Risk Charge post enhancement implementation. Request summary
23-Jun-2025 FIA responds to OCC’s intraday margin change proposal FIA supports OCC’s proposal to use actual intraday positions for margining and urges reassessment of conservative add-ons like the Intraday Risk Charge post enhancement implementation. Request summary
16-Jun-2025 FIA responds to CDCC proposal on new TRS clearing service FIA urges the Canadian Derivatives Clearing Corporation to segregate default resources for the new TRS clearing service and increase CCP capital to reflect higher risk. Request summary
20-Jun-2025 FIA responds to European Commission consultation on revising EU Cybersecurity Act FIA recommends cyber risk management rules should apply from one ruleset if there is overlap and/or the same objectives. The Digital Operational Resilience Act (DORA) and the Cyber Resilience Act (CRA) overlap and apply to the same financial services. Request summary
16-Jun-2025 FIA response to CDCC new TRS clearing service FIA urges CDCC to segregate default resources for new TRS clearing service and increase CCP capital to reflect higher risk. Request summary
20-Jun-2025 FIA response to the European Commission’s consultation on revising EU cybersecurity act FIA welcomes the Commission's stakeholder engagement to ensure improved and fit-for-purpose cyber risk management rules apply to financial entities. The CRA further applies another cyber incident reporting regime to financial services despite DORAs objective to harmonise incident reporting in the financial sector. Request summary
16-Jun-2025 FIA responds to ESMA consultation on EMIR 3.0. clearing thresholds regime FIA has responded to ESMA’s consultation paper on draft technical standards, which provide further detail on the new EMIR 3.0 clearing thresholds regime. FIA broadly agrees with the proposed uncleared thresholds but raises concerns about the reductions for IRDs and commodity derivatives, citing inflationary pressures and the importance of maintaining competitiveness with other jurisdictions. Request summary
16-Jun-2025 IDX 2025 opening remarks: Forging our future Opening remarks of Walt Lukken, President and CEO of FIA, at the International Derivatives Expo (IDX) in London on 16 June 2025. As prepared for delivery. Request summary
13-Jun-2025 FIA responds to European Commission consultation on the integration of EU capital markets Responding to the European Commission’s consultation on capital markets integration, FIA calls for simplification and burden reduction and open access for exchange trade derivatives. It makes recommendations on post-trading issues, distributed ledger technology and asset tokenisation, and adds to the debate on supervision. Request summary
11-Jun-2025 Trade associations request EMIR 3.0 Active Account Requirement forbearance FIA, EACB, EFAMA and ISDA have written to the European Securities and Markets Authority to highlight concerns regarding the imminent entry into effect of the Active Account Requirement on 24 June 2025, in the absence of required Level 2 implementing rules. Without these rules, EU market participants lack clarity on the final AAR requirements with which they must comply from that date. The associations request that ESMA issues an opinion to national competent authorities asking them not to prioritise any supervisory or enforcement action in relation to AAR, namely the representativeness requirement. Request summary
11-Jun-2025 FIA: Adoption of tokenisation beneficial for cleared derivatives industry The white paper states that the cleared derivatives industry is at an "inflection point" in the adoption of tokenisation and notes that several clearinghouses are exploring use cases for this technology. Request summary