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Results: 11-16 of 16

Regulation of OTC derivatives today and tomorrow

  • Paul, Weiss, Rifkind, Wharton & Garrison LLP
  • -
  • USA
  • -
  • September 9 2009

In the aftermath of the bankruptcy filings by Lehman Brothers Holdings Inc. and certain of its subsidiaries and the ensuing market turmoil, credit default swaps ("CDS") have been cited as one of the main culprits for causing the current crisis

Auction settlement of credit default swaps following restructuring credit events and the Small Bang Protocol

  • Paul, Weiss, Rifkind, Wharton & Garrison LLP
  • -
  • Global
  • -
  • July 21 2009

On July 14, 2009, the International Swaps and Derivatives Association, Inc. (“ISDA”) published the 2009 ISDA Credit Derivatives Determinations Committees, Auction Settlement and Restructuring Supplement (the “July 2009 Supplement”) to the 2003 Credit Derivatives Definitions (the “2003 Definitions”) and the related so-called “Small Bang Protocol.”

Recently proposed regulatory reforms to over-the-counter (“OTC”) derivatives and securitization markets

  • Paul, Weiss, Rifkind, Wharton & Garrison LLP
  • -
  • USA
  • -
  • June 24 2009

On June 17, 2009, the U.S. Treasury Department (“Treasury”) submitted its report to Congress entitled “Financial Regulatory Reform A New Foundation: Rebuilding Financial Supervision and Regulation” (“Report”

The Treasury outline on regulation of over-the-counter (OTC) derivatives

  • Paul, Weiss, Rifkind, Wharton & Garrison LLP
  • -
  • USA
  • -
  • May 20 2009

On May 13, 2009, Secretary of the Treasury Timothy Geithner submitted a letter to certain key members of Congress in which he outlined the Treasury’s proposal for a comprehensive regulatory framework for OTC derivatives

The Big Bang Protocol and a new structural framework for credit default swaps

  • Paul, Weiss, Rifkind, Wharton & Garrison LLP
  • -
  • USA
  • -
  • March 24 2009

Beginning on April 8, 2009, a new framework will apply to trading in credit default swaps referencing North American corporate credits

ISDA publishes close-out amount protocol

  • Paul, Weiss, Rifkind, Wharton & Garrison LLP
  • -
  • Global
  • -
  • March 5 2009

On February 27, 2009, the International Swaps and Derivatives Association, Inc. (“ISDA”) published the ISDA Close-out Amount Protocol (“Protocol”) to enable parties to certain 1992 ISDA Master Agreements (“1992 ISDA Agreement”) to amend the terms of those agreements on a multilateral basis to reflect the single measure of damages calculation upon early termination used in the ISDA 2002 Master Agreement (“2002 ISDA Agreement”