The Futures Industry Association published an analysis on the evolution of the methodology used by central clearinghouses for the purpose of calculating margin for exchange-traded derivatives.
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SIFMA joined the Bank Policy Institute and the American Bankers Association in support of the Federal Information Security Modernization Act of 2023. The Act would "enhance transparency over federal agency information security practices."
The Managed Funds Association warned that the SEC's proposed cybersecurity rules may cause the "unintended consequence of diverting advisers' resources during a critical window following discovery of an attack."
The Financial Information Forum, Nasdaq, CME and Investment Company Institute recommended changes to the SEC's proposed rules on cybersecurity risk management practices.
ISDA CEO Scott O’Malia reported that ISDA continues to work with global policymakers to improve margining practices that can mitigate the impact of "extreme" volatility.