World Federation of Exchanges (WFE) officials are using the COP28 United Nations climate summit in Dubai as a way to mobilize the exchange industry to bring attention to climate change and sustainability issues and to focus on how exchanges can help channel investments and financing to green initiatives. The WFE is a global industry group… Read More >>
Who’s Liable for Non-Default Losses at CCPs?
The World Federation of Exchanges (WFE) wants the securities industry to focus on how central counterparty clearinghouses (CCPs) handle rare but potentially extreme non-default losses (NDLs), and evolve to a situation that avoids any confusion about liability among users of CCP services. “NDLs refer to losses that may arise from any risk event that is… Read More >>
WFE Advocates for Standards to Govern FinTech
The World Federation of Exchanges (WFE) is urging global authorities to draft new “rules, standards and guidelines” to govern fintech providers serving the securities industry, to facilitate “resilient, stable and robust” markets with level playing fields. The paper from the WFE, which represents including exchanges and CCPs, covers seven key areas and argues for corresponding… Read More >>
Exchanges, Clearinghouses, CSDs Embrace DLT with Caution
The world’s largest securities exchanges, clearinghouses and central securities depositories (CSDs) are exploring the possibilities of blockchain/distributed ledger technology (DLT). But concerns remain as to whether the technology will deliver the promised goods of a more streamlined and efficient world, according to a new survey conducted by the World Federation of Exchanges (WFE) and the… Read More >>
