Developing market-friendly products that meet genuine sustainability standards is an immense and complex task, but progress is being made, says Adrian Farnham, CEO of LME Clear.

Robert Steigerwald, Senior Policy Advisor at the Federal Reserve Bank of Chicago, examines the salient issues in default management, recovery, and resolution in CCPs.

The pandemic crisis debunked the notion that ETFs may amplify market volatility in a crisis, even while some new challenges are emerging, write Philippe Guillot, Managing Director, and Franck Raillon, Senior Policy Advisor, at the Autorité des Marchés Financiers.

The pandemic crisis highlighted both the importance of CCPs for financial stability and the need to future-proof them with an international policy framework, says Dr. Eva Hupkes, Head of Regulatory and Supervisory Policies at the Financial Stability Board.

The recent boom in ETFs is unlikely to end any time soon. Douglas Yones, Head of Exchange-Traded Products at NYSE, explains why.

CCPs in the EU remained resilient during the pandemic crisis. ESMA will now analyse what lessons can be learned from the crisis in 2020 and how its APC measures may be developed to further enhance CCPs’ resilience in handling potential future stress events, says Froukelien Wendt, member of the CCP Supervisory Committee at the European Securities and Markets Authority.

2020 was an exceptional year that triggered exceptional measures by authorities. Alexander Schindler, Member of the Executive Board of Union Investment, offers his perspective on the lessons learned and future challenges to the financial industry.

Cboe is making its vision of pan-European derivatives a reality, delivering much-anticipated enhancements, efficiencies, and opportunities to the European market, writes David Howson, the exchange operator's President Europe and Asia-Pacific.

The WFE Focus Team