Tag Archives: OTC Derivatives

No margin for error: the upcoming EMIR margin rules

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

Leave a Comment

Filed under Europe, European Regulation

Hong Kong OTC derivatives update: Are you ready for 1 September 2016?

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

Leave a Comment

Filed under Hong Kong

Australia: Derivatives clearing and single-sided reporting exemption regulations made

The Australian Government has made and registered a critical Regulation dealing with mandatory clearing of derivatives and an exemption allowing certain single-sided reporting. 

Leave a Comment

Filed under Australia

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

Leave a Comment

Filed under Asia, Hong Kong

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. 

Leave a Comment

Filed under Asia, 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

Leave a Comment

Filed under Americas, US

EU: ESMA begins detailing central clearing of OTC derivatives

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

Leave a Comment

Filed under EU, European Regulation, France, Italy, Spain, UK

Derivatives update for corporates

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

Leave a Comment

Filed under EU, Europe, European Regulation, Regulatory Reform, US

FSB progress report on OTC derivatives market reform

The Financial Stability Board (FSB) has published its 5th six-monthly progress report on the implementation of over-the-counter (OTC) derivatives market reforms. 

Leave a Comment

Filed under International, JURISDICTIONS

UK: EMIR countdown: Notification forms for 15 March and new Regulations for 1 April 2013

The FSA has published final versions of notification forms for the purposes of the European Market Infrastructure Regulation (EMIR) for use by from 15 March 2013.  The Government has also published the Financial Services and Markets Act 2000 (Over the Counter … Continue reading

Leave a Comment

Filed under Bank of England, EU, FCA, PRA, Regulatory Reform