<p><span>On May 21, ISDA, the Futures Industry Association (FIA) and the FIA European Principal Traders Association submitted a joint response to the European Commission (EC) questionnaire on the review of the three European Supervisory Authorities (ESAs) – the European Banking Authority, the European Insurance and Occupational Pensions Authority, and the European Securities and Markets Authority.</span></p>
DeSmog
Background
FTI Consulting (NYSE: FCN) describes itself as “an independent global business advisory firm dedicated to helping organizations manage change, mitigate risk and resolve disputes: financial, legal, operational, political & regulatory, reputational and transactional.” [1]
FTI offers services for a wide range of industries. For example, its energy industry services offer “advisory services that address the strategic, financial, reputational, regulatory and legal needs of energy and utility clients involved in the production of crude oil, natural gas, refined products, chemicals, coal, electric power, emerging technologies and renewable energy” as well as “strategic communications services across all disciplines.” [2]
FTI maintains an “Environmental Solutions Group” which focuses on “the resolution of complex contamination, toxic tort, products liability and insurance disputes.” [3]
Corrected: ISDA Responds To European Commission Consultation On The Review Of CSDR Date
02/02/2021
On February 2, ISDA, FIA and the FIA European Principal Traders Association (EPTA) submitted a joint response to the European Commission’s (EC) consultation on the settlement discipline regime under the Central Securities Depositories Regulation (CSDR). In the response, the associations outline concerns about detrimental effects arising from the application of the CSDR mandatory buy-in regime for the derivatives markets. The associations also request the EC and co-legislators clarify that the mandatory buy-in requirements of the CSDR settlement discipline regime do not apply in the context of margin transfers, physically settled derivatives and emission allowances.