January 28, 2015
Of counsel Jack Habert spoke on a panel about Margin Rules for Uncleared Swaps: What You Need to Know in 2015.
In September 2014, the Federal Reserve Board, Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency, and other agencies proposed new rules on margin requirements for certain market participants entering into uncleared swaps and security-based swaps. These re-proposed U.S. rules for uncleared trades would apply to dealers and major participants who are regulated by a Prudential Regulator.
This CLE course offered participants an overview of the latest trends and best practices with respect to the Prudential Regulator’s Proposed Margin Rules for Uncleared Swaps as well as comparisons to rules proposed by the CFTC regarding margin for uncleared swaps that will apply to entities not otherwise subject to the Prudential Regulator’s rules. A panel of thought leaders and practitioners assembled by The Knowledge Group helped firms better understand how to advise clients about application of the new rules in their businesses.
Key topics included:
- Margin Rules for Uncleared Swaps – An Overview
- Covered Swap Entities
- Margin Requirements for Market Participants
- Posting and Collection of Initial Margin (IM) Requirements
- Requirements Under Variation Margin (VM)
- Section 4(k) of the Bank Holding Company Act
- Margining Practices for Non-cleared Derivative Transactions
- Calculating Initial and Variation Margin
For more information, please click here.