Position Papers

Position papers

9 January 2020

Response to the ESMA Consultation Paper on MiFID II Position Limits and Position Management in Commodity Derivatives

The current MiFID II position limits regime functions in a reasonable manner for a number of well-developed benchmark contracts but…

23 December 2019

Response to the review of the EU Benchmark Regulation

The Benchmarks Regulation applies to all benchmarks regardless of the underlying market. However, we believe different types of benchmarks pose…

3 December 2019

Position Paper on IFR/D Level II

FESE fully supports the objective of policymakers to ensure robust and transparent financial markets, and well-capitalised investment firms. We also…

2 December 2019

Response to the ESMA Consultation on the Provisions of the Market Abuse Regulation (MAR)

FESE members are committed to ensuring the highest possible level of investor confidence and market integrity. Exchanges have long assumed…

13 November 2019

“Wake-up call: Europe’s public capital markets” – FESE Manifesto

Europe needs an ambitious Capital Markets Union (CMU). The FESE Manifesto is a call for action for policy makers to…

13 November 2019

Response to the OECD Consultation on the Secretariat Proposal for a “Unified Approach” under Pillar One

Financial Market Infrastructures (FMIs) such as Trading Venues, Central Counter Parties (CCPs), Central Securities Depositories (CSDs) and Organised Market Places…