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Two years ago, I was standing in front of our Mayer Brown offices in Frankfurt, boiling in 38 degree heat, filming a trailer for Linkedin for our 5th Annual OTC Derivatives Seminar, which we had clients coming from across Germany,
Continue Reading Mayer Brown 7th OTC Derivatives Seminar: Recordings, Slides and Materials Made Available in this Post

Synthetic Securitisation relies heavily on underlying credit derivatives and similarly structured guarantees, and has had the benefit of two new EU “Amendment Regulations”, both of which came into force on 9 April 2021.

The Amendment Regulations amend the EU Securitisation
Continue Reading Amendments to the EU Securitisation Regulation – the new synthetic STS framework for Synthetic Securitisation

It’s now almost three months since the 2020 ISDA IBOR Fallbacks Protocol (the “Protocol”) went live.  In April, a US “legislative solution” became law for tough LIBOR legacy derivatives contracts governed by New York law, and in Germany the German
Continue Reading LIBOR Transition and Derivatives: Protocol success; New York legislative solution; non-standard remediation; and German Supplementary Agreement for IBOR Succession

Have you met Anna? Well actually, although experts in the market pronounce it Anna, it’s spelt “AANA”.

Annually, or perhaps “AANAually” since 2016, with the notable exception of 2020, the breadth of derivatives counterparties in-scope for posting initial margin under
Continue Reading Have you met Anna? Phase 5 of the Initial Margin Rules is on the horizon, and in Europe, whether you are in or not is all about your AANA at the end of March, April and May

The UK Financial Conduct Authority (FCA), the UK regulator responsible, broadly, for market conduct made an announcement (the FCA LIBOR Announcement) on 5 March 2021, on the future cessation or loss of representativeness of all (35) LIBOR benchmarks.
Continue Reading What the FCA’s announced Index Cessation Event means for the 13,500+ adherents and other users of the 2020 ISDA IBOR Fallbacks Protocol and Fallbacks Supplement