FIA chairman outlines clearing risk survey

In an exclusive interview with FO Week, Futures Industry Association chairman Richard Berliand has detailed plans to conduct an international clearing survey in order to establish a code of best practice. “The objective is to produce a non-adversarial view of best practices in the listed derivatives arena with a view to trying to improve levels of standardisation and risk control,” Berliand told FO Week.Berliand stressed that the project is not intended to concern itself with market structure and that it would...