FIA Endorses Latest Tranche of EC Proposals Detailing Capital Requirements

[kreslik.news]

The Futures Industries Association (FIA) has endorsed a recent string of proposals outlined in a European Commission’s (EC) directive detailing Capital Requirements Regulation with regard to the cleared derivatives industry, according to an FIA statement.

The EC’s publication called for an amendment to Capital Requirements Directive 2013/36/EU, which included multiple changes and provisions, as put forth by a unified panel of global organizations, including the Basel Committee on Banking Supervision.

The publication is of particular interest to the cleared derivatives industry, which also details a comprehensive framework on affording better time constraints for the recognition of qualified central counterparties (QCCPs), as well ... (read more)