Publications & Filings
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FIA shares its position on DORA subcontracting of ICT services with the European Commission and ESAs
FIA has shared its position with the European Commission and the European Supervisory Authorities on the requirements for the subcontracting of ICT services under the Digital Operational Resilience Act (DORA).
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FIA voices concerns on joint data standards proposed by financial regulators
FIA voiced concerns regarding a proposed rule on joint data standards issued by several financial regulators (including the CFTC, SEC, and Treasury).
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High-level roadmap for adoption of T+1 in EU securities markets
The European T+1 Industry Task Force, comprising 21 trade associations involved in European capital markets including FIA and FIA EPTA, has published a report titled "High-level Roadmap for Adoption of T+1 in EU Securities Markets."
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FIA and FIA EPTA support ESMA proposal on circuit breakers
FIA and FIA EPTA support ESMA's proposed introduction of new requirements on circuit breakers, which mandate greater transparency. By ensuring that market participants have access to clear information about the types of circuit breakers, their calibration, and the specific circumstances leading to their activation, the proposed changes will improve market integrity and provide participants with the relevant information to be better prepared in times of high volatility.
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FIA and ISDA respond to the BoE consultation on CCP recovery and resolution
In response to the BoE’s consultation on its power to direct a CCP to address impediments to resolvability, the associations welcome the clarity provided by the BoE on the timescales it would follow when using its power to address impediments to resolvability.
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FIA issues joint statement on DORA and definition of ICT services
FIA together with AFME, EACH, ECSDA and FESE has issued a joint statement urging the European Commission and the European Supervisory Authorities to reinstate guidance confirming that regulated financial services should not be treated as ICT services under the Digital Operational Resilience Act (DORA).
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Trade associations call for clarity on EMIR 3.0 effective implementation dates
FIA, AIMA, EBF, EFAMA and ISDA have sent a letter urging the European Commission and European Supervisory Authorities to clarify that market participants are not required to implement the European Market Infrastructure Regulation (EMIR 3.0) Level 1 provisions prior to the date of application of the associated Level 2 regulatory technical standards (RTS).
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FIA and FIA EPTA respond to European Commission consultation on AI
FIA and FIA EPTA have responded to the European Commission’s consultation on artificial intelligence, which sets out to identify the main use cases along with the benefits, barriers and risks related to the development of AI applications in the financial sector.
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FIA responds to Fed proposal to expand operating hours of Fedwire and NSS
FIA has written in support of the US Federal Reserve's proposal to expand the operating hours of the Fedwire Funds Service and the National Settlement Service.
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FIA responds to OCC proposed margin add-on charge
FIA believes that the current backward-looking, monthly-calibrated margin add-on falls short of providing adequate risk mitigation and should only serve as a temporary measure while a more precise and transparent system is developed.
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