IOSCO Calls Time on Long-Form Confirmations?
DRS’ Michael Beaton explores how the use of long-form confirmations may change as a result of a…
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Zut Alors! CASS RP to go all European?
DRS‘ Michael Beaton explores the recent developments that would lead to the introduction of client money safety or…
PS14/9: New CASS Rules Trigger Documentation Avalanche
DRS’ Michael Beaton offers a review of the recently published policy statement and guidance note on CASS…
Collateral Managers Weep, Lawyers Rejoice: EU Consults on non-cleared OTC derivatives
The ESA recently published a consultation paper on the draft RTS on risk-mitigation techniques for non-cleared OTC derivatives. Michael Beaton of DRS explains the main elements of this new consultation paper including the proposed requirements for counterparty risk management procedures, margin methods, collateral eligibility and related operational procedures.
Derivatives Documentation: Navigating the Maze
In this article, DRS & Deloitte explain both the various obligations under new regulation including EMIR, Dodd Frank and MiFID II, and the resources and expertise financial firms will need to navigate the derivatives documentation maze in the coming months.
Repo Comes Under the Microscope
DRS’ Michael Beaton explains transparency and reporting requirement the EU Commission recently proposed for securities financial transactions….
ISDA/FOA Publishes EMIR Reporting Delegation Agreement
DRS’ Michael Beaton explores the recently published ISDA/FOA EMIR Reporting Delegation Agreement and explains some of the…
RRP: PRA Gently Turns the Screw (but to what end?)
Michael Beaton of DRS explains the PRA’s final RRP rules for UK banks, building societies and UK…
The Burden of Contractual Bail-In
DRS’ Michael Beaton explores the burden of contractual bail-in rules under the Bank Recovery and Resolution Directive…