12/10/2025 7:35:42 PM ESMA clarifies reporting under the Securities Financing Transactions Regulation By Edward Karsten William Sykes The European Securities and Markets Authority (ESMA) has (i) published its final report and guidelines on reporting under the Securities...
12/10/2025 7:30:20 PM LIBOR transition in the midst of Covid-19 By Rachel Richardson Recent focus of market participants in the debt markets has rightly been on both the immediate liquidity issues faced by businesses in...
12/10/2025 7:30:13 PM SFTR reporting update – regulatory forbearance for backloading obligation for all phases By Edward Karsten As noted in our SFTR reporting update for buy-side firms, one of the obligations under SFTR is the need to report certain historic SFTs...
12/10/2025 7:23:42 PM Happy anniversary, EMIR Refit – a reminder to calculate the AANA of your OTC derivatives transactions By Edward Karsten Along with the planned changes to EMIR trade reporting which came into force on 18 June 2020, entities that previously calculated (or...
12/10/2025 7:21:19 PM Securitisation Regulation - STS and NPE amendments By Richard Fletcher On 24 July 2020, the European Commission published a legislative proposal for a regulation to amend the Securitisation Regulation (the SR...
12/10/2025 7:20:35 PM ESMA provides updated XML schema and reporting instructions for securitisation reporting By Edward Karsten ESMA has today published updated reporting instructions and XML schema (version 1.2.0) for the templates set out in the technical...
12/10/2025 7:19:04 PM "Portability" of leveraged debt facilities – a trend for the future? By Malcolm Hitching Yesterday, the FT published an article highlighting the recent trend for lenders to agree to the inclusion of ‘portability’ language in...
12/10/2025 7:07:48 PM ESMA and ESA increase the short sale position reporting threshold from 0.1% to 0.2% By Robert Daniell On 15 March 2021, the European Securities and Markets Authority (ESMA) and the EFTA Surveillance Authority (ESA) announced that the...
12/10/2025 7:02:03 PM Beyond LIBOR: transatlantic divergence in loan markets By Jamie Macpherson A recent FT Alphaville article considers the state of play in the ongoing transition from LIBOR and usefully focuses on the market...
12/10/2025 6:58:59 PM 17 June 2021: the third annual derivatives counting day By Robert Daniell William Sykes The second anniversary of EMIR Refit is this week, and with it comes the annual requirement for most financial counterparties and...
12/10/2025 6:57:07 PM Pension scheme arrangements clearing exemption extended to 2022 By Edward Karsten William Sykes The temporary clearing exemption for pension scheme arrangements, set out in article 89(1) of EU EMIR (as amended by EMIR Refit), has...
12/10/2025 6:56:46 PM Securitisation – EBA consults on risk retention and HMT consults on the UK Sec Reg By Edward Karsten Richard Fletcher EBA consults on risk retention The European Banking Authority (EBA) has launched a consultation on draft regulatory technical standards...
12/10/2025 6:56:05 PM The future of UK regulation: the FCA’s new business plan By Alexandra Green Michael Sholem The FCA has published its 2021/22 business plan. The publication of the plan was slightly delayed, which is perhaps unsurprising given...
12/10/2025 6:55:08 PM European Commission consults on EU securitisation framework By Richard Fletcher Edward Karsten The European Commission has launched a consultation on the EU securitisation framework. The consultation covers the following issues: the...
12/10/2025 6:52:42 PM Legislating for the LIBOR transition: synthetic LIBOR for tough legacy contracts By Jamie Macpherson With less than four months to go before the FCA turns off the supply of daily LIBOR (in its well-used form) for most of the 35...
12/10/2025 6:51:52 PM The ISDA 2021 EONIA Collateral Agreement Fallbacks Protocol By Robert Daniell The European Overnight Index, or EONIA, is due to permanently cease to be published from 3 January 2022, as EONIA does not meet the...