13 Mar, 2024 UK EMIR – draft Q&As on reporting By William Sykes Robert Daniell Edward Karsten Background The Financial Conduct Authority (FCA) and the Bank of England (BoE) previously published Policy Statement (PS23/2) setting out...
26 Jan, 2024 2024 changes to derivatives reporting requirements By Christopher Acton Robert Daniell Christine Long Edward Karsten +1 more... Show less The EU and the UK have published rules that will this year change the EMIR and UK EMIR requirements for reporting derivatives. This...
17 Aug, 2023 ISDA amends the notices, force majeure and illegality provisions of the ISDA Master Agreement By Christine Long William Sykes ISDA have published a set of amendments to the ISDA Master Agreement (the ISDA MA) following the Covid-19 pandemic and sanctions on...
17 May, 2023 English High Court denies ClientEarth's "world-first" climate-related derivative action against the directors of Shell By Lois Horne Chloe Edworthy Riley Forson On 12 May 2023, the English High Court denied permission to ClientEarth to proceed with a substantive application for permission to...
08 Nov, 2022 When will developments in a foreign law affect your English law contract/financial instrument? By Christopher Charlton Madeleine Brown In Banca Intesa Sanpaolo Spa and another v Comune di Venezia (2022) EWHC 2586 (Comm) (Venezia) the English High Court held that two...
13 Oct, 2022 The High Court sheds some light on "continuing" Events of Default under the ISDA Master Agreement By Alexander Coyne In a judgment handed down on Tuesday, Re Lehman Brothers International (Europe) (LBIE) [2022], the High Court shed some light on the...
21 Jul, 2022 “History may not repeat itself. But it rhymes”; misconduct in wholesale markets By Dan Lavender Laura Bridgewater We are delighted to have assisted the Financial Markets Standards Board with its second edition of the Behaviour-pattern Conduct Analysis...
24 Jun, 2022 Private debt roundtable part 2: Macro trends and influences By Jamie Macpherson Jamie Macpherson, senior counsel in our finance team, joined a discussion hosted by Aztec Group on the impact of the current economic...
16 Jun, 2022 Private debt roundtable part 1: LIBOR changes and transition By Jamie Macpherson Jamie Macpherson, senior counsel in our finance team, joined a discussion hosted by Aztec Group on the transition from LIBOR and its...
11 Feb, 2022 Derivatives – UK CCP equivalence extended to 2025 By Edward Karsten William Sykes Following a statement by Mairead McGuinness, European commissioner for financial services, towards the end of last year, the European...
02 Feb, 2022 Clearing – potential one-year extension to pension schemes exemption, but further extensions unlikely By Edward Karsten William Sykes The European Securities and Markets Authority (ESMA) has sent a letter to the European Commission (EC) recommending that the temporary...
12 Jan, 2022 UK Securitisation Regulation – FCA approves first two securitisation repositories By Edward Karsten Richard Fletcher With effect from 17 January 2022, the Financial Conduct Authority (FCA) has decided to register both European DataWarehouse Ltd and...
26 Nov, 2021 EU proposes delay to mandatory buy-in regime; settlement fails reporting and cash penalties unaffected By Robert Daniell Edward Karsten Kartik Iyer In a much-anticipated move, EU co-legislators have proposed an amendment to the Central Securities Depositaries Regulation (CSDR) to...
11 Nov, 2021 Christmas comes early for clearing – UK CCP temporary equivalence to be extended By Edward Karsten Robert Daniell Christine Long Pursuant to a statement published yesterday, Mairead McGuinness, European commissioner for financial services announced an extension to...
29 Sep, 2021 The ISDA 2021 EONIA Collateral Agreement Fallbacks Protocol By Robert Daniell The European Overnight Index, or EONIA, is due to permanently cease to be published from 3 January 2022, as EONIA does not meet the...
16 Sep, 2021 Legislating for the LIBOR transition: synthetic LIBOR for tough legacy contracts By Jamie Macpherson Tim Plews With less than four months to go before the FCA turns off the supply of daily LIBOR (in its well-used form) for most of the 35...