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Financial Market Infrastructure Act
From Wikipedia, the free encyclopedia
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The Financial Market Infrastructure Act (FMIA), original title Finanzmarktinfrastrukturgesetz (FinfraG) is a body of Swiss legislation for the regulation of financial market infrastructures and in particular derivatives. It was originally adopted by the Swiss Federal Assembly on June 19, 2015 and came into force on January 1, 2016.
 | This article includes a list of references, related reading, or external links, but its sources remain unclear because it lacks inline citations. (December 2017) |
The objective of the legislation is to reduce systemic counterparty and operational risk, and help prevent future financial system collapses. FMIA is intended as the Swiss equivalent to the regulatory packages in the U.S. and the European Union, such as Dodd–Frank and EMIR / MiFID, respectively.
The FMIA regulations include requirements for reporting of derivative contracts and implementation of risk management standards. It also established common rules for central counterparties and trade repositories. The implementation of FMIA is overseen by FINMA.
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