At the end of last month, the Financial Conduct Authority’s (FCA) request for comments officially came to a close on the Consultation Paper (CP24/14) it published in late July seeking comments on proposed changes to the derivatives trading obligation (DTO) and post-trade risk reduction services (PTRRS).
The DTO requires
Artificial intelligence (AI) is transforming the financial industry, and the derivatives market is no exception. A new whitepaper from ISDA Future Leaders in Derivatives (IFLD), a professional development program for emerging leaders in the derivatives market, explores the potential use of generative artificial intelligence (GenAI) in the derivatives markets. GenAI is
Financial products that provide structured returns (exposure to a range of asset classes while attempting to mitigate credit or other risks) such as separately managed accounts, actively managed certificates and related products, are becoming increasingly popular. These products may be issued in varying formats that may subject to different regulatory frameworks. Some products may be
Whether to address funding diversification objectives, liquidity management plans, risk-based capital concerns, or other goals, many issuers consider establishing repackaging programs. These programs can take many forms but generally raise a number of structuring and legal considerations that should be addressed early in the planning process. Join our experts in an upcoming webinar discussion of
In the midst of multiple NAIC initiatives aimed at radically changing the regulatory treatment of insurer investments, the chair of the NAIC’s Financial Condition (E) Committee released a strongly-worded memo on August 3 which looks to be a game-changer that could well lead to a major change of direction for those initiatives. This unexpected and
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
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
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
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
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