The Futures Industry Association (FIA Global) has launched an insight into the operations and rules of central counterparties (CCPs), which have been placed at the centre of global derivatives reforms.
The trade association has linked up with law firms Linklaters and Milbank, Tweed, Hadley & McCloy to provide the subscription service which analyses rules and procedures governing CCPs.
The service will also give updates on changes to the regulatory framework and will highlight the issues most relevant to clearing members and end-users in the evolving regulatory environment.
“The FIA Global CCP Rulebook Review will be an invaluable tool to assess the rules and procedures of clearing houses around the world,” said Walt Lukken, president and CEO of FIA Global.
“As global regulators implement centralised clearing requirements, there is an increased focus on monitoring the risks associated with clearing derivatives products. Clearing members face a new landscape of regulatory and capital requirements — one that is changing frequently.
The initial CCPs reviewed by the FIA include ICE Clear, CME Clearing and The Options Clearing Corporation in the US; along with LCH.Clearnet, ICE Clear Europe and LME Clear in Europe.
CCPs are set to play a central role in the new derivatives landscape sculpted by regulators, with standardised OTC derivatives subject to mandatory clearing globally.