Banking organizations looking to reduce the amount of risk-based regulatory capital required to support residential mortgage loan portfolios can use synthetic securitization to convert the capital treatment of their exposures from wholesale or retail exposures to securitization exposures. In a new Legal Update, we discuss how regulatory capital requirements impact banking organizations that hold portfolios
Mission Accomplished? Progress on Global Transition to RFRs in Derivatives Markets
ISDA has recently examined the progress in global derivative markets away from interbank offered rates to risk free rates.
Continue Reading Mission Accomplished? Progress on Global Transition to RFRs in Derivatives Markets
Continuing Focus on Complex Products: FINRA Provides Sweep Update on Supervision of Options Trading Accounts
Complex products continue to be a regulatory cause célèbre, drawing attention from the Securities and Exchange Commission (“SEC”) and the Financial Industry Regulatory Authority, Inc. (“FINRA”). FINRA launched a targeted examination of practices relating to options account opening, ongoing options account supervision and customer communications in connection with options in August…
You Have Been Served: Requirements for a Valid Failure to Pay Notice and Early Termination Date Notice
In Macquarie Bank Limited v Phelan Energy Group Limited  EWHC 2616 (Comm) the High Court considered what must be contained in a notice of failure to pay or notice of an early termination date under the 2002 ISDA Master Agreement for it to be effective. The findings will be of interest to parties considering closing out derivative transactions.
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Ad Hoc EU Capital Markets and OTC Derivatives Seminar
On Thursday 15 December, Mayer Brown’s Capital Markets team in Germany invites you to an ad hoc webinar on the proposed EU Capital Markets Union package, including the Listing Act and amendments to OTC Derivatives Clearing in the EU.
On 7 December 2022, the European Commission proposed a host of measures designed to facilitate further…
SEC Adopts Amendments to Electronic Recordkeeping Requirements for Broker-Dealers and Security-Based Swap Entities
The Amended Rules are Intended to be “More Technology Neutral” and Specifically Address Cloud Storage
On October 12, 2022, the SEC adopted amendments to the electronic recordkeeping requirements under SEC Rule 17a-4, applicable to broker-dealers, as well as SEC Rule 18a-6, applicable to security-based swap dealers and major security-based swap participants that are not registered as broker-dealers.…
Continue Reading SEC Adopts Amendments to Electronic Recordkeeping Requirements for Broker-Dealers and Security-Based Swap Entities
The key (terms) to unlocking the market: contractual standards for digital asset derivatives
The recent volatility in the cryptocurrency markets has not tempered the momentum towards developing contractual standards and norms for digital asset derivatives.…
Continue Reading The key (terms) to unlocking the market: contractual standards for digital asset derivatives
Developments in Crypto Derivatives
The Mayer Brown derivatives team recently attended (virtually, as is increasingly market standard) ISDA’s conference on “Developments in Crypto Derivatives”. This is a “hot” area of the legal market, as we have recently reported on this blog, and so the conference was well attended.
In this post we summarise the main themes of the conference and issues market participants should consider regarding crypto derivatives.…
Mayer Brown Webinar – Proposed Changes to Beneficial Ownership Reporting Rules and Impact to Stakeholders
March 11, 2022 Webinar
12:00pm – 1:00pm EST
On February 10, 2022, the Securities and Exchange Commission (“SEC”) proposed amendments to the rules governing reporting on Schedules 13D and 13G. These proposed amendments are intended to modernize the rules by, among other things, making information available to the public in…
SEC Proposes Amendments to Schedules 13D and 13G
On February 10, 2022, the Securities and Exchange Commission (the “SEC”) proposed amendments to Schedules 13D and 13G relating to beneficial ownership reports (the “Proposed Amendments”).
The Proposed Amendments are intended to modernize the rules that govern reporting on Schedules 13D and G by, among other things, making information available to…