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.
CFTC Staff Issues Time-Limited No-Action Letter on the Applicability of Oral Recording Requirements for Certain Members of Designated Contract Markets or Swap Execution Facilities
The U.S. Commodity Futures Trading Commission’s (CFTC) Division of Swap Dealer and Intermediary Oversight and Division of…