Topic
Derivatives
747 published works
Global Regulation Tomorrow
FCA and PRA publish joint policy statement on margin requirements for non-centrally cleared derivatives
By Anita Edwards, Simon Lovegrove (UK), Hannah Meakin (UK)
On 18 December 2023, the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) published a joint policy statement (PS) on margin requirements for non-centrally cleared derivatives: amendments to Binding…
Global Regulation Tomorrow
The Central Counterparties (Equivalence) (United States of America) (Commodity Futures Trading Commission) Regulations 2023
On 8 December 2023, there was published on legislation.gov.uk The Central Counterparties (Equivalence) (United States of America) (Commodity Futures Trading Commission) Regulations 2023 (No. 1323). This statutory instrument is being…
Global Regulation Tomorrow
Council adopts mandate to start negotiations with the European Parliament on EMIR revisions
On 6 December 2023, the Council of the EU issued a press release stating that it had adopted a mandate to start negotiations with the European Parliament on a review…
Global Regulation Tomorrow
European Commission publishes targeted consultation document: Selection of a unique product identifier for public transparency in OTC derivatives transactions
On 29 November 2023, the European Commission published a targeted consultation document – Selection of a unique product identifier for public transparency in over-the-counter (OTC) derivatives transactions. The provisional agreement…
SEC Actions
The CFTC: Another Good Year
The CFTC published its annual statistics, highlighting its work during the Fiscal Year 2023. The releases focus on the number of cases initiated as well as specific actions filed and…
California Corporate & Securities Law Blog
When Betting Crosses Regulatory Lines
Earlier this week, Suzanne Cosgrove wrote about the Commodity Futures Trading Commission's decision to prohibit Congressional Control Contracts, which it described as "cash-settled, binary (yes/no) contracts based on the question:…
The Long and Short of It
Webinar: Emissions-Linked Trading in the US and EU
The underlying rationale for emissions trading is that derivatives could save the planet or, at the least, could be an influence for good. Emissions trading is an asset class which…
Global Regulation Tomorrow
FCA updates statement on use of the temporary transitional power to modify the UK’s derivatives trading obligation
By Hannah Meakin (UK), Simon Lovegrove (UK), Anita Edwards
On 29 August 2023, the FCA updated its statement on the use of the temporary transitional power to modify the UK’s derivatives trading obligation (DTO). The updated statement announces that…
Global Regulation Tomorrow
EBA publishes final draft RTS on initial margin model validation
By Simon Lovegrove (UK), Jochen Vester (UK)
On 6 July 2023, the European Banking Authority (EBA) published final draft regulatory technical standards (RTS) on initial margin model validation (IMMV) under Article 11(15)(aa) of the European Market Infrastructure…
Derivatives & Repo Report
The Dangers of Derivatives
A recent settlement order serves as a reminder of how investment strategies using derivatives can produce unanticipated results. In this case, the results led to undisclosed returns of capital and…