This client alert addresses three aspects of security-based swap (SBS) regulations recently issued by the Securities Exchange Commission (SEC) that are relevant to commercial end users, funds, and other financial end users:...more
On 14 September 2020, the Commodity Futures Trading Commission (CFTC) published a final rule in the Federal Register entitled "Cross Border Application of the Registration Thresholds and Certain Requirements Applicable to...more
On 30 January 2020 the Commodity Futures Trading Commission (CFTC) approved on a 3-2 vote proposed rules addressing position limits on speculative derivatives (Position Limits Proposal). The Position Limits Proposal has a...more
2/12/2020
/ Capital Markets ,
CFTC ,
Comment Period ,
Commodities ,
Financial Regulatory Reform ,
Futures ,
Investment Funds ,
Metals ,
Natural Gas ,
Position Limits ,
Regulatory Agenda ,
Rulemaking Process ,
Swaps
The new year is here and with it two important developments in the derivatives markets for nonswap dealer clients to consider. The first development is the market response to the looming discontinuation of U.S. dollar LIBOR...more
2/6/2020
/ Capital Markets ,
Dodd-Frank ,
End-Users ,
EU ,
ISDA ,
Libor ,
Margin Requirements ,
Popular ,
Secured Overnight Funding Rate (SOFR) ,
Sterling Overnight Index Average (SONIA) ,
Swaps ,
UK
Pursuant to regulations promulgated under the Dodd-Frank Act, entities that make a market in swaps, hold themselves out as dealers in swaps or regularly enter into swaps for their own accounts are required to register as swap...more
7/27/2018
/ Banking Sector ,
CFTC ,
Comment Period ,
De Minimus Quantity Exemption ,
Dodd-Frank ,
Energy Sector ,
Financial Regulatory Reform ,
Registration Requirement ,
Swap Dealers ,
Swaps ,
Threshold Requirements
The Dodd-Frank Act requires entities that engage in swap activities to either submit their swaps for clearing with a central clearinghouse or to collect and post collateral (margin) based on the daily mark-to-market exposure...more
As you may know, on July 27, 2017 the UK's Financial Conduct Authority (FCA) chief executive Andrew Bailey announced that market participants should not rely on the London Interbank Offered Rate (LIBOR) being available after...more
10/10/2017
/ Banking Sector ,
Benchmarks ,
Capital Markets ,
Derivatives ,
Financial Conduct Authority (FCA) ,
Interest Rates ,
ISDA ,
Libor ,
Loan Agreements ,
Loan Market Association ,
Sterling Overnight Index Average (SONIA) ,
Swaps ,
UK