Regulatory Affairs

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 animation on market data

Published: 16 Dec 2019
The WFE has released an animation designed to educate stakeholders on the importance of valuing stock market data correctly for users who profit from it. The animation forms part of the WFE’s work to ensure that role of exchanges in creating market data is well understood.
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Clearing, Regulatory Affairs, Regulatory Affairs

WFE Response: CPMI-IOSCO Discussion Paper on CCP Practices for Addressing NDLs

Published: 11 Oct 2022
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Clearing, Regulatory Affairs, Regulatory Affairs

WFE Response: CFTC RFI on Climate-Related Financial Risks for CCPs

Published: 11 Oct 2022
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Regulatory Affairs, Regulatory Affairs

WFE Response: Prudential Treatment of Crypto-asset Exposures

Published: 30 Sep 2022
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Regulatory Affairs, Regulatory Affairs

WFE Response to FCA: Improving Equity Secondary Markets

Published: 15 Sep 2022
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Clearing, Regulatory Affairs

WFE feedback to CFTC on Direct Clearing Model

Published: 12 May 2022
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Clearing, Regulatory Affairs

WFE Response: BoE Consultation on approach to tiering incoming CCPs

Published: 28 Feb 2022
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Clearing, Regulatory Affairs

WFE Response to BCBS-CPMI-IOSCO Review of Margining Practices

Published: 27 Jan 2022
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Clearing, Regulatory Affairs

Don’t underestimate replacement costs in a crisis, WFE advises ESMA

Published: 25 Jan 2022
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Clearing, Regulatory Affairs

WFE to ESMA (II): stay faithful to CCP method, to value contracts

Published: 25 Jan 2022
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News, Regulatory Affairs

Letter to Chair Gensler on US Market Structure

Published: 08 Nov 2021
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News, Regulatory Affairs

Letter to Klaus Löber on CCP supervision

Published: 20 Sep 2021
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News, Regulatory Affairs

The WFE's Response: FCA Primary Markets Effectiveness Review

Published: 15 Sep 2021
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News, Regulatory Affairs

Not what, but who A WFE white paper on market-data use cases

Published: 01 Jun 2021
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News, Regulatory Affairs, Risk

UK-HMT should parse crypto risks. (Settlement is not clearing.)

Published: 21 Mar 2021
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News, Regulatory Affairs

WFE Response to ESMA on Algorithmic Trading

Published: 19 Mar 2021
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News, Regulatory Affairs

WFE Response to IOSCO on Market Data

Published: 26 Feb 2021
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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.

  • Richard Metcalfe

    Richard Metcalfe

    Head of Regulatory Affairs
  • Christine Brentani

    Christine Brentani

    Senior Manager, Regulatory Affairs
  • Chhavi Sinha

    Chhavi Sinha

    Manager, Regulatory Affairs
  • James Auliffe

    James Auliffe

    Manager, Regulatory Affairs
  • Charlie Ryder

    Charlie Ryder

    Manager, Regulatory Affairs