The OTC Space | Tag Archive

OTC Derivatives – News Digest – 18.3.2013

March 19, 2013 by Tom Riesack 2 Comments

Dear Reader, Starting this week you receive a compilation of news items (thus “News Digest”) from the week that just went. A short summary of highlights precedes the article abstracts and corresponding links. A number of those are from sources like Risk or FT, which obviously require a subscription. Some of the items are abstracts […]

CFTC Chairmen Gensler at the FIA Boca Raton conference on extraterritoriality

March 14, 2013 by Tom Riesack 1 Comment

Gary Gensler spoke at the FIY Boca Raton conference – among other things about swaps reform (obviously). One thing to note was the following from his speech (bold highlighting mine): “Thus, as the CFTC completes the cross-border guidance, I believe it’s critical that Dodd-Frank swaps reform applies to transactions entered into by branches of U.S. […]

cftc, Conference, derivatives, Dodd Frank, Extraterritoriality, FIA, otc derivatives, Substituted Compliance, swap dealer

Davis Polk: Key compliance date scenarios for Dodd Frank

July 31, 2012 by Bill Hodgson 0 Comments

Now that the CFTC defined what they mean by a Swap, DP published a useful PDF showing the compliance dates for the CFTC rules / Dodd Frank Act, based on your firms category such as Swap Dealer, non-US Swap Dealer, or exempt. Pretty useful as a summary. Download the PDF here.

CFTC, Davis Polk, Dodd Frank

swap dealer

Understanding Extra-territoriality, Swap Dealers and Major Swap Participants, via LinkLaters

July 18, 2012 by Bill Hodgson 0 Comments

Noah Melnik is a lawyer with LinkLaters who runs a useful blog (here) which you should follow. He has posted via LinkedIn a PDF for LinkLater’s clients on how extra-territoriality works, along with the rules for registering as a Swap Dealer (SD) or Major Swap Participant (MSP). The note is important for any firm outside the […]

cftc, derivatives, otc derivatives, swap dealer

Analysis of the new SwapClear – the membership gates are wide open

April 27, 2012 by Bill Hodgson 4 Comments

The membership framework at SwapClear has been in place in the early 2000s, linking the entry criteria to the default management procedure tightly. The announcement yesterday of a heavily revised framework opens the door to many more direct members, provided they can live with the new approach to default. Below I’ve done a rough comparison […]

ccp, clearing houses, clearing member, cme, credit exposure, default fund, eligible collateral, lch clearnet, otc products, rate swaps, swap dealer

Scott O’Malia Christmas List – Speech at the Edison Electric Institute

December 20, 2011 by Bill Hodgson 0 Comments

Original source here. Scott is one of the five commissioners at the CFTC, and has a republican background, meaning he will challenge and push back on some areas that he thinks Gary Gensler is over-stepping the intention of Dodd Frank. See also this piece about barriers to implementing Dodd Frank by me. My Summary: Scott […]

CFTC, Dodd Frank, News, Regulation

gary gensler, implementation timeline, market innovation, o malia, swap dealer