News & Analysis as of September 25, 2024

Financial Institutions

+ Follow

The European Union is an economic and political partnership comprised of 27 nations within the Eurozone. The EU was established in 1948 to promote stability and cooperation among member states in the aftermath of WWII. The EU maintains a common currency as well as several intranational institutions, including the European Parliament and the European Commission. less -

Taking Stock of Commodity Derivatives Regulation in the UK and EU

Skadden, Arps, Slate, Meagher & Flom LLP on 3/25/2024

In July 2021, HM Treasury published the Wholesale Markets Review consultation (WMR), which included proposals to reform the U.K.’s secondary markets framework. There was broad support for reforms to (a) modify the ancillary...more

EU Eases EMIR 3 Clearing Mandate

A&O Shearman on 2/19/2024

The Council of the European Union and European Parliament have reached provisional political agreement on the latest revisions to the European Market Infrastructure Regulation, publishing on February 14, 2024, the agreed text...more

EMIR - Proposed Changes to EU Derivatives Rules

Akin Gump Strauss Hauer & Feld LLP on 7/28/2023

European Union (EU) proposals for changes to the over-the-counter (OTC) derivatives trading rules are underway. The final rules are not yet agreed, but we set out a summary of the proposals below....more

Überarbeitung der AIFM- und UCITS-Richtlinie: Aktueller Stand und Ausblick

McDermott Will & Emery on 2/7/2023

EU-Kommission, Parlament und Rat treten in die entscheidende Phase ihrer Beratungen über eine Neufassung der AIFM- und der UCITS-Richtlinie ein. Änderungen sind insbesondere bei den Themen Auslagerung, Darlehensfonds und...more

LIBOR Transition: Further Proposed Changes to EU Clearing and Derivatives Trading Obligations

A&O Shearman on 9/15/2022

The European Securities and Markets Authority has opened a consultation on proposals to amend the EU clearing and trading derivative obligations to reflect recent benchmark transitions from LIBOR to so-called risk-free rates....more

EU Grants Further Time-Limited Equivalence for UK CCPs

A&O Shearman on 2/22/2022

An EU Commission Implementing Decision extending the equivalence of U.K. CCPs to June 2025 has been published in the Official Journal of the European Union. The equivalence decision applies to U.K. CCPs already established...more

EMIR 2.2 Secondary Legislation Published

A&O Shearman on 10/9/2020

Three Commission Delegated Regulations have been published in the Official Journal of the European Union, supplementing the revised European Market Infrastructure Regulation. The Delegated Regulations contain provisions...more

International Securities and Derivatives Association Publishes FAQs on IBOR Fallback Rate Adjustments

A&O Shearman on 1/30/2020

The International Securities and Derivatives Association has published a set of Frequently Asked Questions on Interbank Offered Rate Fallback Rate adjustments. The FAQs are part of ISDA's preparations for the sweeping changes...more

European Banking Authority Launches Consultation on Synthetic Securitizations Framework

A&O Shearman on 10/10/2019

The European Banking Authority has launched a consultation on its proposed simple, transparent and standardized framework for synthetic securitization. The paper also seeks feedback from stakeholders on a proposed list of...more

European Commission Issues Communication on Final Preparations for No-Deal Brexit

A&O Shearman on 9/6/2019

The European Commission has published a Communication on finalizing preparations for the withdrawal of the U.K. from the EU on November 1, 2019. The Commission stresses the likelihood of a no-deal Brexit on October 31, 2019...more

UK Regulator Delays Final Product Intervention Measures on Contracts for Difference

A&O Shearman on 5/22/2019

The Financial Conduct Authority has published a statement on the delay to publication of final rules for contracts for difference products and CfD-like options. The FCA has consulted on its proposals to make European...more

European Banking Authority Launches Consultation on Technical Standards for Counterparty Credit Risk

A&O Shearman on 5/15/2019

The European Banking Authority has launched a consultation on the Regulatory Technical Standards that it is developing to govern certain aspects of counterparty credit risk in derivatives transactions. The EBA has been...more

French Brexit-Related Legislation—A Safe Harbor for ISDA Master Agreements

Jones Day on 4/4/2019

The Situation: In the event of a "hard Brexit," establishing a new contractual framework with EU-based clients will be a protracted and costly task for investment service providers based in London. The Result: The French...more

Italy Temporary Permissions Regime (TPR) for hard Brexit

Hogan Lovells on 3/21/2019

Following the Ministry of Economy and Finance press release of 24 January 2019, last night the Italian Government approved the law decree aimed at ensuring financial stability and market integrity in the event of hard Brexit...more

Preparing for a No-Deal Brexit: Update on Current State of Play

McGuireWoods LLP on 3/4/2019

With the exit date of 29 March 2019 fast approaching and the UK government currently looking to renegotiate certain terms of its EU withdrawal agreement, there is no certainty that the UK and the EU will reach an agreement,...more

ISDA Publishes Results of Benchmark Fallbacks Consultation as Sunset Looms for LIBOR

Jones Day on 12/31/2018

The Situation: The International Swaps and Derivatives Association, Inc. ("ISDA") has announced the preliminary results of its market consultation concerning the fallbacks rates to be relied on upon cessation of certain...more

SIDRU Judgment: Hedging Transaction Not Rendered Speculative Even if It Exposes Party to Unlimited Risk

Jones Day on 9/28/2018

The Context: In the wake of the Saint-Leu-la-Forêt decision of May 28, 2018, France's Court of Cassation issued an important decision on structured swaps concerning legal actions brought by public authorities against banks...more

European Securities and Markets Authority Issues Final Guidelines for Position Calculation by Trade Repositories

A&O Shearman on 4/11/2018

The European Securities and Markets Authority has published finalized Guidelines on position calculation by trade repositories under the European Market Infrastructure Regulation. ESMA consulted on a draft version of the...more

Orrick's Financial Industry Week In Review

Orrick, Herrington & Sutcliffe LLP on 10/27/2017

CFTC Comparability Determination on EU Margin Requirements and a Common Approach on Trading Venues - On October 13, 2017, the U.S. Commodity Futures Trading Commission ("CFTC") announced determinations by the CFTC and the...more

A Resurgence of Synthetic Securitizations - After a major market contraction in the wake of the financial crisis, risk-pooling...

Pillsbury Winthrop Shaw Pittman LLP on 6/22/2017

Within the past few months, there have been a number of reports of the resurgence, particularly in Europe, of synthetic securitizations of risky assets. These transactions allow banks to transfer credit and other default...more

46 Results

View per page

Page: of 2

European Union › Derivatives › Financial Institutions

Taking Stock of Commodity Derivatives Regulation in the UK and EU

EU Eases EMIR 3 Clearing Mandate

EMIR - Proposed Changes to EU Derivatives Rules

Überarbeitung der AIFM- und UCITS-Richtlinie: Aktueller Stand und Ausblick

LIBOR Transition: Further Proposed Changes to EU Clearing and Derivatives Trading Obligations

EU Grants Further Time-Limited Equivalence for UK CCPs

EMIR 2.2 Secondary Legislation Published

International Securities and Derivatives Association Publishes FAQs on IBOR Fallback Rate Adjustments

European Banking Authority Launches Consultation on Synthetic Securitizations Framework

European Commission Issues Communication on Final Preparations for No-Deal Brexit

UK Regulator Delays Final Product Intervention Measures on Contracts for Difference

European Banking Authority Launches Consultation on Technical Standards for Counterparty Credit Risk

French Brexit-Related Legislation—A Safe Harbor for ISDA Master Agreements

Italy Temporary Permissions Regime (TPR) for hard Brexit

Preparing for a No-Deal Brexit: Update on Current State of Play

ISDA Publishes Results of Benchmark Fallbacks Consultation as Sunset Looms for LIBOR

SIDRU Judgment: Hedging Transaction Not Rendered Speculative Even if It Exposes Party to Unlimited Risk

European Securities and Markets Authority Issues Final Guidelines for Position Calculation by Trade Repositories

Orrick's Financial Industry Week In Review

A Resurgence of Synthetic Securitizations - After a major market contraction in the wake of the financial crisis, risk-pooling...

Priorités de l’AMF dans le cadre de la revue d’EMIR

Projet de règlement de la Commission européenne modifiant le règlement 648/2012 dit « règlement EMIR »

Règlement délégué 2017/751 du 16 mars 2017 de la Commission

Derivatives In Review - May 2017

Orrick's Financial Industry Week In Review

European Union › Derivatives › Financial Institutions

"My best business intelligence, in one easy email…"