CFTC and SEC publish key swap product definition rules under Dodd-Frank
On 13 August 2012, the US Securities and Exchange Commission and US Commodity Futures Trading Commission published in the Federal Register joint final rules and interpretive guidance further defining the terms ‘swap’, ‘security-based swap’, ‘mixed swap’, and ‘security-based swap agreement’ pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act. The scope of these terms determines which transactions, and which parties to a transaction, will be subject to many of the derivatives regulatory provisions of Title VII of the Dodd-Frank Act.
Click on the link above to download this Simpson Thacher & Bartlett briefing.
News from The Lawyer
Briefings from Simpson Thacher & Bartlett
On 6 January, the Group of Central Bank Governors and Heads of Supervision, the oversight body for the Basel Committee on Bank Supervision, endorsed a revised formulation of the new minimum liquidity standard.
On 14 December 2012, the Federal Reserve Board issued a notice of proposed rulemaking to apply enhanced prudential standards and an early remediation framework to foreign banking organizations (FBOs) with $50 billion or more in total global consolidated assets.
Analysis from The Lawyer
Hong Kong IPO activity is hotting up again, but UK legal stalwarts are looking over their shoulders as US rivals make up ground fast
Footie and telecoms dominate our regular round-up of recent M&A activity, as the threat of rising interest rates kick-started activity among organisations.