Derivatives

 

Latest Reports

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    It has been more than two years since Andrew Bailey, Chief Executive of the FCA, announced the need for the market to transition away from LIBOR before the end of 2021. Regulators and insurers are focusing more closely on this transition as we get closer to this date and the ...

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    As derivative counterparties begin to look ahead to the implementation of Phase 5 and 6 of the EMIR initial margin rules in September 2020 and 2021 (respectively), there are a number of exemptions in relation to transactions entered into with an undertaking within the same “group” that may be relevant. Such exemptions remove the requirement to exchange initial margin amongst counterparties in the same...

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    CMS is running a Structured Finance and Capital Markets webinar series. Each month you will have the opportunity to listen in on a different hot topic, presented by experts from London, Paris, Brussels and Frankfurt. You can register for all or particular sessions straight away by clicking on the links ...

  • brexit UK EU flags

    On 20 December 2016 the European Commission extended by one year to August 2018 the exemption for pension funds from clearing OTC derivative transactions. The European Market Infrastructure Regulation (“EMIR”) introduced, amongst other things, the requirement for parties to certain OTC derivative transactions to centrally clear those transactions. However, EMIR ...

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    General The new European derivatives regulation (EMIR) will require certain counterparties to OTC derivatives not cleared through a central counterparty to put in place new collateral arrangements. The EC adopted the draft regulatory technical standards (RTS), which implement the collateral obligation, on 4 October 2016. The Council of the EU ...

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