Position Papers

With our position papers we engage in political debates and expert discussions regarding capital market issues - representing the interests of our members. Each year, numerous and detailed positions cover the various areas of our work: the primary market, the secondary market, the governance of listed companies and the economic education.

Below you will find our position papers which focus on European legislation - mostly in English and partially in German language. All our positions including papers with focus on national topics you will find on our German website.

For the second time IOSCO and the Basel committee on banking supervision (BCBS) ask market participants for their view on global standards regarding the collateralisation of derivative transactions. We welcome the clarification that non-financial companies which are not clearing required should not become required to post collateral. Furthermore, FX derivatives should be exempted from the obligations irrespective of their maturity.