FIA Highlights Pandemic Response Efforts

In a "Midyear 2020 Advocacy Report," FIA highlighted efforts to address the COVID-19 related economic and operational issues. FIA noted its (i) collaboration with regulators to ensure that work-from-home policies did not impede the marketplace, (ii) aid to FIA members in obtaining temporary relief in the U.S., Europe and Asia, and (iii) strong support for keeping markets open, including opposition to measures "that would be counter-productive to market liquidity and integrity."

Further, FIA highlighted the following activities:

• COVID-19 Resources. FIA coordinated a "one-stop industry resource" that gave market participants up-to-date information on the pandemic from regulators, exchanges and central counterparties. FIA also created and disseminated, in response to industry requests, a list of key contacts to aid firms in resolving trade conciliation and cash adjustment difficulties.