Tag Archives: and

ESMA Updates its Collateral Diversification Rules for MMFs

By Todd Zerega and Tom Watterson On December 20, 2013, the European Securities and Markets Authority (“ESMA”) proposed a revision (the “Proposed Revision”) to the collateral diversification requirements in the Guidelines on ETFs and other UCITS issues (the “Guidelines”). The Guidelines included a requirement that UCITS diversify the collateral held under “financial derivative transactions,” including repos, by … Continue Reading

ESMA Collateral Diversification Rules with Respect to Repo May Hamper Operation of Government MMFs in Europe

By Todd Zerega and Tom Watterson In December of 2012, the European Securities and Markets Authority (“ESMA”) adopted Guidelines on ETFs and other UCITS issues (the “Guidelines”) that included a requirement regarding the diversification of collateral held for derivatives and repos. Section 43 e) of the Guidelines requires that UCITS diversify the collateral held under … Continue Reading

MARGIN REQUIREMENTS: On the Agenda for the 13th Public Meeting

The CFTC has announced that it will hold its (rescheduled) 13th Public Meeting on Dodd-Frank Reforms on Tuesday, April 12th at 9:30 a.m. EST. On the agenda…"Margin Requirements for Uncleared Swaps for Swap Dealers and Major Swap Participants"… Press Release and "How to Participate" is available here. Good day. Good reading. TSR.… Continue Reading
LexBlog