Features

Robert S. Steigerwald
CCPs

Incentives, Commitment, and Financial Stability in Central Clearing – the Special Case of CCP Default Management, Recovery, and Resolution

Published: Jun 2021
Robert Steigerwald, Senior Policy Advisor at the Federal Reserve Bank of Chicago, examines the salient issues in default management, recovery, and resolution in CCPs.
Philippe Guillot and Franck Raillon
Features

ETFs: What Next for a Surging Market?

Published: Jun 2021
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.
Dr Eva Hupkes
CCPs

Dealing With Events at the End of the Tail

Published: Jun 2021
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.
Froukelien Wendt
CCPs

A Regulator’s Perspective on Anti-Procyclicality Measures for CCPs

Published: Jun 2021
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.
Douglas Yones
Interviews

The ETF Boom is Here to Stay

Published: Jun 2021
The recent boom in ETFs is unlikely to end any time soon. Douglas Yones, Head of Exchange-Traded Products at NYSE, explains why.
Alexander Schindler
Features

The Preservation of Trust: COVID-19 and its Impact on Financial Markets

Published: Jun 2021
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.
David Howson
Cross-border

Cboe’s Global Credentials and Growing the European Derivatives Market

Published: Jun 2021
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.