Searching Content indexed under Financial Services by George Cahill ordered by Published Date Descending.
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Decision Time For The ISDA 2019 Narrowly Tailored Credit Events Protocol
The International Swaps and Derivatives Associations, Inc. ("ISDA") is in the process of amending its credit derivatives documentation to address concerns market participants and regulators
United States
24 Sep 2019
ISDA Pre-Cessation Trigger Consultation On LIBOR Renders Inconclusive Verdict
The International Swaps and Derivatives Association ("ISDA") is in the midst of consulting the market on a wide variety of issues to develop "triggers" and "fallbacks"
United States
13 Sep 2019
CFTC Scrutiny Of Opportunistic CDS Strategies Extends Beyond Manufactured Credit Events
The buyer of protection pays a premium to the seller of protection in order to receive protection against a credit event.
United States
19 Jul 2019
Additional CDS Documentation Reforms On The Way
ISDA proposes "de facto" category of original issue indebtedness as part of its CDS definitional reforms.
United States
11 Jun 2019
ISDA Forges Ahead With Market Consultations On Critical IBOR Transition Issues
The July 2018 Consultation and the Supplemental Rates Consultation contemplate that the selected fallbacks will apply strictly upon the relevant IBOR's permanent cessation.
United States
31 May 2019
QFC Resolution Stay Regulations: Not Just For Derivatives
The Resolution Stay Regulations require GSIBs to amend or otherwise remediate a wide range of financial contracts and are reaching into potentially unexpected corners of the markets.
United States
21 May 2019
ARRC Publishes Final LIBOR Transition Recommendations For Floating Rate Notes And Syndicated Business Loans
Following up on its September market consultations for FRNs and syndicated loans, the ARRC published final recommended fallback language for both products on April 25, 2019.
United States
21 May 2019
CFTC Clears Decks For "No Deal" Brexit
The Commodity Futures Trading Commission ("CFTC") extends no-action and exemptive relief from the European Union to the United Kingdom.
United States
12 Apr 2019
ISDA's CDS Consultation: A Potential Fix For Narrowly Tailored Credit Events
On March 6, 2019, ISDA published proposed amendments (the "Consultation") to the Definitions to address issues relating to narrowly tailored credit events ("NTCEs").
United States
20 Mar 2019
Windstream: When A Credit Derivatives Determinations Committee And A Court Disagree
This situation highlights the unique role the DC plays in the CDS market.
United States
12 Mar 2019
Ziggo: Another Definitional Split In The Credit Default Swap Market
Though rare, divergent outcomes like this are not unprecedented in the CDS markets.
United States
8 Feb 2019
Short-Squeeze Risks Loom Again In CDS Markets
The credit derivatives industry underwent a massive overhaul in 2009 as the ISDA implemented the credit default swap "Big Bang" to increase certainty, efficiency and uniformity in the global CDS markets.
United States
14 Jan 2019
Compare And Contrast: SFIG's And ARRC's Differing Approaches To Benchmark Transition In Securitizations
SFIG's LIBOR Task Force has released the first of a planned series of "green papers" on benchmark transition in the US securitization market.
United States
9 Jan 2019
ARRC Releases Market Consultations For The Securitization And Bilateral Loan Sectors
The Alternative Reference Rates Committee ("ARRC") released market consultations on the securitization and bilateral loan markets on December 7, 2018, concerning potential paths forward for benchmark (e.g., LIBOR) cessation fallbacks.
United States
8 Jan 2019
ISDA Publishes Results Of Benchmark Fallbacks Consultation As Sunset Looms For LIBOR
There are two fundamental differences between RFRs and IBORs that the consultation sought to address.
United States
4 Jan 2019
Trial Loss Unlikely To Significantly Alter CFTC Efforts To Police Market Manipulation
Judge Richard Sullivan of the Southern District of New York ("SDNY") recently issued a post-trial decision in a market manipulation action brought by the Commodity Futures Trading Commission ("CFTC") in 2013.
United States
2 Jan 2019
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