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 Calls on SEC/CFTC to Distinguish Between Cleared and Uncleared Positions When Expanding Portfolio and Cross-Margining

Published: 31 Aug 2026
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Market integrity Market structure +2

WFE to IOSCO: Closing Auctions Resilient in Face of Bilateral Challenge

Published: 19 Aug 2026
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Market structure Regulatory Affairs

WFE Urges SEC to Modernise US Market Structure Framework

Published: 18 Aug 2026
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Regulatory Affairs Risk +1

Mythos Beyond the Headlines

Published: 01 Jul 2026
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Market integrity Market structure +2

WFE Responds to IOSCO on Good Practices for OTC Commodity Derivatives Markets

Published: 16 Jun 2026
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Regulatory Affairs Technology

WFE Advocates Key Principles for Irish Approach to Tokenisation

Published: 03 Jun 2026
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Market structure Regulatory Affairs

WFE Response to European Commission Consultation on Private Equity Exits

Published: 04 May 2026
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Market structure Regulatory Affairs +1

The Innovation Advantage in Well-Regulated Markets

Published: 29 Apr 2026
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Market structure Regulatory Affairs

Key Attributes of Exchanges: Harnessing Network Effects

Published: 15 Apr 2026
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Regulatory Affairs Sustainability +2

Accessing Transition Finance - A Practical Guide for Issuers

Published: 26 Feb 2026
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Market structure Regulatory Affairs

Test of UK equity tape should be improved trading

Published: 12 Feb 2026
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Clearing Regulatory Affairs

WFE Response to IOSCO on General Business Risks and Losses

Published: 06 Feb 2026
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Regulatory Affairs Risk

Top Risks Identified Across WFE Membership – 2025 Insights

Published: 14 Jan 2026
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Market structure Regulatory Affairs

Policy and Market Impacts of Extended Trading

Published: 11 Sep 2025
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Market structure Regulatory Affairs

WFE Responds to FCA on Future of Equity Markets

Published: 10 Sep 2025
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Market structure Regulatory Affairs

WFE Response to SEC Concept Release on Foreign Private Issuer Eligibility

Published: 08 Sep 2025
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Market integrity Regulatory Affairs

Corporate Factors affecting Liquidity in Frontier Markets

Published: 05 Sep 2025
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Regulatory Affairs Technology

Mimicking Tokenised Equities

Published: 26 Aug 2025
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Market integrity Regulatory Affairs

The WFE Stock Exchange Manifesto

Published: 20 Aug 2025
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Market structure Regulatory Affairs

WFE Says That Equities Support Pensions

Published: 08 Jul 2025
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Regulatory Affairs Technology

WFE Reiterates Opposition to UK Crypto-Derivatives Bans

Published: 07 Jul 2025
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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…
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Clearing Regulatory Affairs

Industry Guidance on Managing Transitions to T+1

Published: 16 Jun 2025
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Regulatory Affairs Technology

WFE Response to FCA DP25/1 – Regulating Cryptoasset Activities

Published: 06 Jun 2025
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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…
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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…
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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…
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Clearing Regulatory Affairs

Shining a light on derivatives

Published: 25 Mar 2025
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News News & Views +7

WFE Perspectives on DORA: Global Regulatory Alignment

Published: 19 Dec 2024
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Recommended Long Reads

Published by: The WFE Statistics Team

2025 Annual Statistics Guide

Published: 18 Aug 2026
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Published by: The WFE Regulatory Affairs Team

WFE Calls on SEC/CFTC to Distinguish Between Cleared and Uncleared Positions When Expanding Portfolio and Cross-Margining

Published: 31 Aug 2026
Read more
Published by: The WFE Regulatory Affairs Team

WFE Advises EU Commission: Banking Competitiveness Reforms Must Support Capital Markets

Published: 28 Aug 2026
Read more
Published by: The WFE Regulatory Affairs Team

WFE to IOSCO: Closing Auctions Resilient in Face of Bilateral Challenge

Published: 19 Aug 2026
Read more

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
  • Victoria Powell

    Victoria Powell

    Senior Manager – ESG, Regulatory Affairs
  • James Auliffe

    James Auliffe

    Senior Manager, Regulatory Affairs
  • Charlie Ryder

    Charlie Ryder

    Senior Manager, Regulatory Affairs
  • Chhavi Sinha

    Chhavi Sinha

    Manager, Regulatory Affairs
  • Rona Nairn

    Rona Nairn

    Manager, Regulatory Affairs