Dodd-Frank Derivatives
ECP Guarantor Provisions in Corporate Credit Agreements
Banking, Derivatives Many corporate credit agreements are supported by subsidiary guarantees. Those guarantees often include not only the guaranty of the obligations under the credit agreement but also any related swap agreements. The CFTC has issued guidance clarifying that guarantors of swap obligations fall under the Dodd-Frank Act’s requirements. Namely, the CFTC considers guarantees of swaps the [...] Read more →
ISDA: Be Ready for May 1 and Standard Swap Confirmation
Derivatives By May 1, all counterparties must have provided their registered swap dealers with legal classifications and representations to allow the swap dealers to comply with the CFTC’s... Read more →
CFTC Commissioners Bicker About Budget and Performance Report
Derivatives There continues to be significant public discord amongst the Commissioners at the CFTC. 2014 Budget According to Commissioner Scott O’Malia “Given the vast deficit spending... Read more →
Final Red Flags Rules Adopted by SEC and CFTC
Broker-Dealer, Consumer Protection, Derivatives, Energy, Investment Advisers, Private Equity Today the CFTC and the SEC jointly issued final rules that require regulated entities to adopt programs designed to prevent identity theft – so-called “red flags” rules.... Read more →