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Regulation can make the difference between markets that inspire confidence and markets that don’t. The WFE champions effective rules for the modern, global economy and its future growth.
Our unique perspective comes from uniting authorised exchanges and central counterparties (CCPs) worldwide. With extensive experience of developing and enforcing high standards, WFE members support an orderly, secure, fair and transparent environment for investors; for companies that raise capital; and for all who face risk.
The WFE updates members on legislative developments. We analyse evidence, encourage debate and seek outcomes that maximise the common good. We also engage with major policymakers in an open, collaborative way, reflecting the central, public role that exchanges and CCPs perform in an internationally integrated financial system.
Editor's Pick
WFE Calls on European Commission to Introduce “Report Once, Use Many” Approach to Global Sustainability Reporting
Published: 09 Jun 2026
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Regulatory Affairs Sustainability
WFE Calls on European Commission to Introduce “Report Once, Use Many” Approach to Global Sustainability Reporting
Published:
09 Jun 2026
Regulatory Affairs Technology
WFE Advocates Key Principles for Irish Approach to Tokenisation
Published:
03 Jun 2026
Market structure Regulatory Affairs
WFE Response to European Commission Consultation on Private Equity Exits
Published:
04 May 2026
Clearing News +2
WFE Response to ESMA’s Consultation on Guarantees as CCP Collateral and on Certain Aspects of CCP Investment Policy
Published:
30 Apr 2026
Market structure Regulatory Affairs +1
The Innovation Advantage in Well-Regulated Markets
Published:
29 Apr 2026
Market structure Regulatory Affairs
Key Attributes of Exchanges: Harnessing Network Effects
Published:
15 Apr 2026
Regulatory Affairs Risk +1
WFE Tells Basel Committee That Prudential Approach Risks Stifling Tokenisation
Published:
18 Mar 2026
Regulatory Affairs Sustainability +2
Accessing Transition Finance - A Practical Guide for Issuers
Published:
26 Feb 2026
Market structure Regulatory Affairs
Test of UK equity tape should be improved trading
Published:
12 Feb 2026
Clearing Regulatory Affairs
WFE Response to IOSCO on General Business Risks and Losses
Published:
06 Feb 2026
Clearing Regulatory Affairs
WFE Response to the CFTC’s Request for Comment on the Direct Clearing of Derivatives by Retail Participants
Published:
19 Jan 2026
Regulatory Affairs Risk
Regulatory Signals and Industry Perspectives on Quantum Computing Preparedness
Published:
14 Jan 2026
Regulatory Affairs Risk
Top Risks Identified Across WFE Membership – 2025 Insights
Published:
14 Jan 2026
Clearing Regulatory Affairs
WFE Responds to ESMA In Defence of Proportionate & Risk-Focused CCP Participation Requirements
Published:
05 Jan 2026
Regulatory Affairs Technology
The WFE recommends standards for any SEC exemptive relief around tokenisation
Published:
27 Nov 2025
Clearing Regulatory Affairs
WFE Response to the Bank of England on Ensuring the Resilience of CCPs
Published:
18 Nov 2025
Market structure Regulatory Affairs
Policy and Market Impacts of Extended Trading
Published:
11 Sep 2025
Market structure Regulatory Affairs
WFE Responds to FCA on Future of Equity Markets
Published:
10 Sep 2025
Market structure Regulatory Affairs
WFE Response to SEC Concept Release on Foreign Private Issuer Eligibility
Published:
08 Sep 2025
Clearing Regulatory Affairs
WFE Response to ESMA Consultation Paper on Margin Transparency Requirements under EMIR 3
Published:
08 Sep 2025
Market integrity Regulatory Affairs
Corporate Factors affecting Liquidity in Frontier Markets
Published:
05 Sep 2025
Market structure Regulatory Affairs
Incentivise Investment: Tax Policy for Market Participation and Economic Expansion
Published:
12 Aug 2025
Market integrity Regulatory Affairs
Response to ESMA Call for Evidence on the Retail Investor Journey: understanding retail participation in capital markets
Published:
21 Jul 2025
Regulatory Affairs Technology
WFE Reiterates Opposition to UK Crypto-Derivatives Bans
Published:
07 Jul 2025
Market integrity Market structure +1
Strengthening Private markets
Published:
01 Jul 2025
Private markets have long fed into public ones but the balance between them is changing rapidly, making it timely to introduce monitoring that will support futu…
Market structure Regulatory Affairs
WFE Response to SARB on the designation of market infrastructures as systemically important
Published:
30 Jun 2025
Cross-border Market structure +1
WFE Response to PRA CP3/25 – Recognised exchanges policy and transfer of main indices
Published:
12 Jun 2025
Market structure Regulatory Affairs
WFE Response: HM Treasury Consultation on Regulations for Alternative Investment Fund Managers
Published:
09 Jun 2025
Regulatory Affairs Technology
WFE Response to FCA DP25/1 – Regulating Cryptoasset Activities
Published:
06 Jun 2025
Cross-border Market integrity +1
Response to the European Commission’s Call for Evidence and Targeted Consultation on Savings and Investment Union (SIU)
Published:
05 Jun 2025
The World Federation of Exchanges (WFE) supports the European Commission’s Savings and Investment Union (SIU) initiative. Financial services are the lubricant o…
Clearing Regulatory Affairs
CFTC Request for Comment on Trading and Clearing Derivatives on a 24/7 Basis
Published:
21 May 2025
Clearing Regulatory Affairs
WFE Response to the CFTC on the Trading & Clearing of “Perpetual” Style Derivatives
Published:
21 May 2025
The WFE welcomes the opportunity to respond to the Commodity Futures Trading Commission's (CFTC) Request for Comment on the Trading & Clearing of “Perpetual” St…
Regulatory Affairs Technology
The Value of Central Bank Digital Currencies to Public Markets
Published:
24 Apr 2025
Central Bank Digital Currencies (CBDCs) are emerging as a significant development in global finance, with 94% of central banks exploring CBDCs, and the World Ec…
News News & Views +3
WFE response on Ransomware legislative proposals: reducing payments to cyber criminals and increasing incident reporting
Published:
07 Apr 2025
News & Views Regulation +2
Listing Exchange Traded Funds
Published:
10 Dec 2024
This paper describes how Exchange-traded Funds (ETFs) fit into the ecosystem of Exchange Traded Products (ETPs) and the wider financial market. The paper follow…
News News & Views +3
Counting Losses – The Adverse Impacts of Financial Transaction Taxes on Companies, Investors and the Market
Published:
12 Nov 2024
Financial transaction taxes (FTTs) pose significant challenges for investors, companies, and financial markets, creating a ripple effect that ultimately hinders…
News News & Views +6
The Role of Artificial Intelligence in Shaping the Future of Exchanges & Clearing Houses: Opportunities, Challenges, and Regulatory Principles
Published:
31 Oct 2024
Summary
As the global industry association for exchanges and clearing houses (CCPs), we represent the providers of over 250 of market infrastructure that see m…
News News & Views +6
WFE Response to targeted consultation on artificial intelligence in the financial sector
Published:
24 Sep 2024
The World Federation of Exchanges (WFE) welcomes the opportunity to comment on the EU’s targeted consultation on artificial intelligence in the financial sector…
News & Views Regulation +2
WFE Response: ESMA Reasonable Commercial Basis and Market Data
Published:
02 Sep 2024
In this response to ESMA’s consultation on reasonable commercial basis (RCB) under the Markets in Financial Instruments Regulation (MiFIR) review, we explain t…
Regulatory Affairs Regulatory Affairs +1
Crypto-Asset Custody: A Blueprint for Regulatory and Operational Excellence
Published:
29 Aug 2024
The global consensus is growing in favour of regulation for crypto-assets , driven by the growth of over 23,000 cryptocurrencies and daily trade volumes exceedi…
News News & Views +5
The WFE advises US Treasury that an AI regulatory framework needs to be outcomes-based
Published:
20 Aug 2024
The World Federation of Exchanges (WFE) welcomes the opportunity to comment on the US Treasury’s approach to AI. As the global industry association for exchange…
Market integrity Market structure +1
WFE response to the IOSCO Consultation entitled "Evolution in the Operation, Governance and Business Models of Exchanges: Regulatory Implications and Good Practices"
Published:
03 Jul 2024
WFE response to the IOSCO Consultation entitled "Evolution in the Operation, Governance and Business Models of Exchanges: Regulatory Implications and Good Pract…
Regulatory Affairs
A WFE Snap Benchmarking report of Cyber Insurance
Published:
21 Jun 2024
The WFE members of the Global Cyber Security Working Group (GLEX) had expressed challenges around securing cyber insurance, and stated that a benchmarking exerc…
Clearing News +2
WFE Response: FSB Consultation Report on Liquidity Preparedness for Margin and Collateral Calls
Published:
17 Jun 2024
The WFE welcomes the FSB’s consultative report regarding non-bank financial intermediary Liquidity Preparedness For Margin & Collateral Calls. In our response, …
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Our Regulatory Affairs Team
Our Regulatory Affairs team brings experience and expertise in public policy, regulation and international relations. With more than 30 years of combined experience, it drives our advocacy programme. Through our work with and on behalf of our members, we help build and protect effective markets.
