On March 15, President Biden signed, as part of a larger appropriations act, legislation known as the “Adjustable Interest Rate (LIBOR) Act,” which addresses “tough legacy” contracts that do not provide for the use of clearly...more
Prudential Regulators Approve Final Uncleared Margin Rules -
In October, the prudential regulators approved a final version of the September 2014 re-proposed rule generally imposing initial and variation margin...more