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FOA creates new lobbying council

23 February 2010

The Futures and Options Association formed a new advocacy body in January, the FOA European Industry Council, to lobby regulators and politicians.

Read more: [FOA] [FOA European Industry Council] [LCH.Clearnet] [NYSE Liffe] [ICE Futures Europe] [London Metal Exchange] [Steve Sparke]

Top executives at LCH.Clearnet, NYSE Liffe, ICE Futures Europe and the London Metal Exchange have joined the council, as well as senior investment bankers. Steve Sparke, chairman of the FOA, will chair the body, and Anthony Belchambers, the FOA’s chief executive, also sits on it.

“This is a response to what we see as a massive agenda of regulatory change facing the industry over the next 12 to 18 months,” Sparke said. “It’s important that the industry is seen to be speaking with one unified voice on issues where there is broad agreement between all market participants. Having the exchanges and clearing houses involved in the council at the most senior level is critical.”

Overcoming differences

The FOA is the established industry body for European listed derivatives. Although the exchanges and clearing houses are members of it, the FOA has tended to represent mainly the interests of derivative users...


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