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.

Prior to the Consultations, the Securitisation Regulation amended EMIR to ensure one goal: consistency of treatment between derivatives entered into by covered bonds issuers; and derivatives entered into by simple, transparent and standardised (“STS“) securitisation issuers. Please click here to read our full briefing.

 

Dina Albagli
Dina Albagli
Partner, London
+44 20 7466 2390
Joy Amis
Joy Amis
Partner, London
+44 20 7466 2840
Jake Jackaman
Jake Jackaman
Partner, London
+44 20 7466 2883
Nick May
Nick May
Partner, London
+44 20 7466 2617
Michael Poulton
Michael Poulton
Partner, London
+44 20 7466 2777