Following the recent event over the weekend (27/28 June 2015), we set out below a short guide on the current status in Greece.
Background -
Months of negotiations on a deal to restructure Greece’s debts appear...more
NYDFS Finalizes BitLicense Regulations -
On June 3, 2015, the New York Department of Financial Services released its final BitLicense regulations, which it described as "the first comprehensive framework for regulating...more
6/16/2015
/ BitLicense ,
CFTC ,
Department of Financial Services ,
Derivatives ,
End-Users ,
IRS ,
Mandatory Clearing Requirements ,
Payment Schedules ,
Securities and Exchange Commission (SEC) ,
Securitization ,
Security-Based Swaps ,
SPVs ,
Trade Options
NYDFS Releases Revised BitLicense Proposal -
On February 4, 2015, the New York State Department of Financial Services ("NYDFS") released a revised version of its proposed virtual currency regulations (commonly referred...more
3/13/2015
/ American Bankruptcy Institute ,
Automatic Stay ,
Bankruptcy Code ,
BitLicense ,
CFTC ,
Chapter 11 ,
Department of Financial Services ,
Derivatives ,
Foreign Exchanges ,
Foreign Markets ,
Forward Contracts ,
Ipso Facto Clauses ,
ISDA ,
Liquidation ,
Margin Requirements ,
NDFs ,
Section 362 ,
Swaps
The Bitcoin Marketplace and Regulatory Environment: An Overview -
Startup companies and financial products focused on bitcoin continue to burgeon, resulting in various regulators recently proposing regulations, making...more
Prudential Regulators and CFTC Re-Propose Rules for Uncleared Swap Margin -
Both the Commodity Futures Trading Commission and the prudential regulators re-proposed their April 2011 proposed rules imposing initial and...more
10/30/2014
/ Banks ,
Basel Committee on Banking Supervision (BCBS) ,
CFTC ,
Cross-Border Transactions ,
Derivatives ,
Dodd-Frank ,
Extraterritoriality Rules ,
ISDA Master Agreement ,
Margin Requirements ,
Proposed Regulation ,
Prudential Regulation Authority (PRA) ,
Securities and Exchange Commission (SEC) ,
SIFMA ,
Swaps
Extension of Certain Dodd-Frank No-Action Relief -
The CFTC recently established a phased compliance timeline for the implementation of the execution requirement currently applicable to certain interest rate swaps and...more
7/3/2014
/ CFTC ,
Commodity Pool ,
Credit Default Swaps ,
Deadlines ,
Dodd-Frank ,
Interest Rates ,
ISDA ,
ISDA Master Agreement ,
No-Action Letters ,
No-Action Relief ,
Swaps
Publication of 2014 ISDA Credit Derivatives Definitions -
On February 21, the International Swaps and Derivatives Association, Inc. announced the publication of the 2014 ISDA Credit Derivatives Definitions, which...more
Featured in this month's edition:
- "U.S. Person" Definitions Under the Final Exemptive Order and the Final Guidance, Application to Certain Foreign Branches, and Determination for Collective Investment Vehicles
-...more
Pre-financial crisis, interest rate derivatives were widely recognized as a valuable part of the municipal issuer’s financial toolkit. Post-crisis, they have been a thorn in the side of many issuers, resulting in expensive...more
6/17/2013
The Derivatives in Review highlights important legal, regulatory and other newsworthy developments in the area of derivatives....more
The United States Court of Appeals for the Second Circuit held, on June 10, 2013, that payments made by a company to purchase notes issued by an affiliate were transfers made in connection with a “securities contract,” and...more
The enactment of Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Dodd-Frank Act”) and its implementation by the Commodity Futures Trading Commission (“CFTC”) has ushered in a new era of...more