The Managed Funds Assets recommended that regulators obtain more data before imposing clearing regulations on the Treasury market.
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FIA urged the SEC to exclude futures commission merchants from its proposed requirement to centrally clear transactions in Treasury securities.
Based on an ISDA survey of an SEC proposal to require Fixed Income Clearing Corporation members to centrally clear repo transactions in Treasury securities, ISDA said market participants generally supported voluntary clearing, but few supported broad clearing mandates.
FIA partnered with data analytics firm Greenwich Associates on a study of trends in the derivatives markets. Researchers surveyed market participants on derivative product usage, counterparty relationships and regulatory developments.
FIA recommended changes to the Bank for International Settlements Basel Committee's proposed revisions to the bank regulatory credit valuation adjustment risk framework.