Leonard Street and Deinard Dodd Frank

MAKING SENSE OF DODD-FRANK

The Dodd-Frank Act has broad and deep implications that will touch every corner of financial services and multiple other industries. This site, developed and maintained by attorneys at Leonard, Street and Deinard, is dedicated to making sense of this complex legislation and helping businesses understand how it will affect them specifically. Our Bloggers »

Dodd-Frank Derivatives

ECP Guarantor Provisions in Corporate Credit Agreements

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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 →

by   |   April 29, 2013

ISDA

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 →

by   |   April 24, 2013

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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 →

by   |   April 12, 2013

Red Flags Rules

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 →

by   |   April 10, 2013