REGULATORY UPDATE: BENCHMARK REFORM ETC.

Course Details

Audience: This course is relevant for those legal and business personnel who require a quick update on the main OTC derivative regulatory changes from 2017 to present, or for those who have already attended the ‘Financial Markets Act and its Impact on the OTC Derivatives Market’ course and/or ‘OTC Regulations: An overview of the Financial Markets Act, Dodd Frank and EMIR’ course, and just require an update on these regulatory regimes since 2017. Agenda: The June 2020 code of conduct on the margining of uncleared derivatives under the FMA Update to the reporting requirements under the FMA (April 2018 Board Notice) Other updates to the FMA since 2017: the Financial Sector Regulation Act 2017; the Financial Markets Act regulations; authorising ODPs and the code of conduct for ODPs The Financial Matters Amendment Act Benchmark reform; risk-free rates; LIBOR ISDA® initiatives to support benchmark reform: supplement to the 2006 ISDA® definitions and the Benchmark Protocol MiFID II: a brief overview Securities Financing Transaction Regulation under EMIR: transparency and reporting provisions Bank Resolution and Recovery Directive (BRRD): how it will operate and how it will impact SA Counterparties The US Resolution Stay Protocols: what the regulation provides for and who is impacted; main terms of the US Stay Protocol and how to adhere Outcomes: Delegates will gain an update to the most recent developments in local and international regulation in the OTC derivatives market.