Tag Archives: OTC Derivatives
In May 2018, the Joint Committee of the European Supervisory Authorities (“ESAs“) launched two consultations (the “Consultations“) to amend EMIR concerning (i) the clearing obligation and (ii) certain risk mitigation techniques for non-cleared OTC derivatives in respect of securitisation issuers. … Continue reading
EMIR is the centrepiece of the EU post financial crisis reform of derivatives markets and seeks to address perceived issues with counterparty credit risk and transparency. After a long and difficult consultation period, and some way behind other similar global … Continue reading
On 1 September 2016, the first phase of mandatory clearing of over-the-counter (OTC) derivative transactions (Phase 1 Clearing) will be implemented. The first transactions to be potentially subject to mandatory clearing will be those entered into on or after 1 … Continue reading
The Australian Government has made and registered a critical Regulation dealing with mandatory clearing of derivatives and an exemption allowing certain single-sided reporting.
Hong Kong revises and further consults on draft rules for mandatory reporting of OTC derivatives and related record-keeping
The Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC) have published consultation conclusions on the draft rules for mandatory reporting of over-the-counter (OTC) derivatives and related record keeping. The draft rules have been amended, taking into … Continue reading
Hong Kong issues consultation paper on draft rules for mandatory reporting and related record-keeping in relation to OTC derivatives
The Hong Kong Monetary Authority and the Securities and Futures Commission have recently issued a joint consultation paper detailing their proposed requirements relating to the mandatory reporting and record keeping obligations for over-the-counter (OTC”) derivative transactions in Hong Kong.
US CFTC publishes concept release consulting on risk controls and system safeguards for automated trading
The US Commodity Futures Trading Commission (CFTC)’s 137 page concept release on risk controls and system safeguards for automated trading calls for the re-assessment of risk controls and safeguards in the light of the development of modern markets from human-centered trading venues … Continue reading
The European Securities and Markets Authority (ESMA) has launched a Discussion Paper as a first step towards preparation for the regulatory technical standards (RTS) to implement provisions of the European Markets Infrastructure Regulation (EMIR) regarding the obligation to centrally clear … Continue reading
The regulatory response to the credit crisis is having a profound effect on derivative markets. In our bulletin for corporate clients, we provide an update on three areas of change in the derivative markets primarily driven by regulatory reform – EMIR, … Continue reading
The Financial Stability Board (FSB) has published its 5th six-monthly progress report on the implementation of over-the-counter (OTC) derivatives market reforms.