Derivatives Reform - Industry News | The Canadian Institute

Canada: Clearing Of Derivatives Comes

/Carol E. Derk, Borden Ladner Gervais LLP, Jan. 9, 2014/ – Proposed Model Provincial Rule on Mandatory Central Clearing of Derivatives (the “Rule”) and proposed related explanatory guidance were published by the Canadian Securities Administrators as CSA Staff Notice 91-303 on December 19, 2013. The Rule describes the proposed requirements for central counterparty clearing of OTC derivative transactions and is meant to improve the transparency of the derivatives market to both the regulators and the public and to enhance the overall mitigation of risks. [Read More…]

US hedge fund industry pushing derivatives regulator to lift ad ban

/Sarah N. Lynch, Reuters, Jan. 9, 2014/ – The U.S. hedge fund industry is making a fresh lobbying push to convince the federal derivatives regulator to remove a hurdle that could prevent private funds from advertising to new investors through television, the Internet or other channels. The concern is that the Commodity Futures Trading Commission has outdated rules on its books that conflict with a 2012 law that lifted an 80-year-old ad ban for hedge funds and other private investment vehicles. [Read More…]

A Regulatory Reform Glossary

/Morrison & Foerster LLP, 2013/ – Since the financial crisis, financial institutions have been required to address significant regulatory changes. The new regulatory framework in the United States and Europe has introduced a series of new terms. This brief glossary is intended to serve as a helpful summary of frequently used terms. It is by no means comprehensive, and should be read with our Dodd-Frank Act, Basel III, EMIR/MiFID resources made available on our website and through our proprietary FrankNDodd database and tracking system. [Read More…]