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Who should read this note? Market participants that (i) are in the EU or UK and trade derivatives, or (ii) trade derivatives with...
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A year on from its announcement of a European Agent-Trustee Model (EATM) for client clearing, which we discussed in our article titled...
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In a significant milestone for regulatory enforcement, on 19 March 2025 the UK Financial Conduct Authority (FCA) fined the LME £9.24m for...
We have written three short notes covering how the changes made to the EU EMIR by EMIR 3.0 will impact credit funds, pension funds and...
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In Yieldpoint Stable Value Fund, LP v Kimura Commodity Trade Finance Fund Limited[1], the Court of Appeal has given a judgment on the...
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The FIA has announced the development of a new European Agent Trustee Model (EATM) for client clearing of OTC derivative transactions....
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The High Court has dismissed claims brought by Elliott and Jane Street arising out of the London Metal Exchange’s decision to...
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The Financial Conduct Authority has published two further engagement papers setting out its vision for the future of admitting securities...
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The UK and the EU are diverging in their approaches to the pension scheme arrangement clearing exemption. We set out the latest updates...
At the beginning of February, we wrote of the concern that financial sanctions risk causing material harm not only to the target of the...
On 8 March 2022, the Government published further details of new sanctions introduced in connection with the ongoing conflict in Ukraine....
This article looks at how the economic sanctions targeted at existing derivatives could hand significant control over to the sanctioned...
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As LIBOR transition efforts race to the finish line for some settings on 31 December 2021, one question remains consistently implacable:...
In this article we summarise the key changes to the ISDA Interest Rate Derivatives Definitions and explain next steps for market...
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Phase 6 represents the final stage of the phase-in of the rules for regulatory initial margin (Reg IM). Earlier phases are discussed in...
On 15 March 2021 ISDA published the ISDA 2021 Security-based Swaps (SBS) Top-Up Protocol (the SBS Top-Up Protocol) and later, on 18 May...