We will continue to watch these cases in hopes of seeing a larger trend develop that could afford defendants in other jurisdictions a similar line of defense.

What is a nexus derivative? What is a reporting entity? Are foreign retail platforms & their offshore brokers caught?

Discusses issues that ASIC has raised & this law firm's approach to rectifying them.

IFSCA suggests a framework for reporting and clearing OTC derivatives in the IFSCs.

Least Square Monte Carlo (LSMC) is gaining attention as a tool for fast asset and liability revaluations. Solvency II and the move to Economic Capital methods for insurers has meant that the computation power needed to run a large number of stochastic stress scenarios to value the capital of the insurer has become a road-block for many firms.

The U.S. Court of Appeals for the Federal Circuit has held that obviousness can be shown where the prior art contains a motivation to combine, even if the motivation comes in the form of a somewhat half-hearted suggestion.

FCA's Market Watch 84 highlights data quality, reporting & vendor management issues following UK EMIR Refit, urging firms to strengthen controls & govern.

This week's Update leads with an important Data Privacy Update from Eva Novick, the newest member of our firm's privacy and data security team.

ASIC recently issued an infringement notice to Deutsche Bank Aktiengesellschaft (Deutsche Bank), which paid a penalty of $2 million for misreporting more than 260,000 over-the-counter (OTC) derivative transactions. This is a step-change in scale for ASIC trade reporting enforcement – roughly four times the combined AMP Life/AMP Capital penalties ($526,000, 2020) and more than fifteen times the Westpac penalty ($127,250, 2017), both issued under the earlier reporting rules regime.

EMIR has 3 main entity fields in relation to reportability.

The primary purpose of the UTI is to uniquely identify individual transactions which are reported to a Trade Repository (TR).

Regulators and Approved Reporting Mechanisms (ARMs) face the complex challenge of determining which financial transactions must be reported under MiFIR regulations. The Financial Instruments Reference Data Systems (FIRDS) serves as the critical infrastructure enabling this determination, but how exactly does this system work and what are its limitations?

ASIC’s Transaction Reporting Rules (ASIC Rules) do not impose any obligation for matching or pairing trade reports between counterparties. Neither the ASIC Rules nor Regulatory Guide 251 (RG 251), require that the data...

Tips to help you ensure your trades/transactions are reported at the correct time.

On October 12, 2016, a former GoodLife personal trainer filed a class action lawsuit for $60 million in damages under Ontario's Class Proceeding Acts, 1992.

TRAction’s reporting services include data validation and data enrichment to ensure errors that are identified in client submissions are resolved and that file formats meet requirements prior to submitting data to the Trade Repository (TR). There can be the odd occasion however where we receive incorrect data, which causes an error at the TR upon submission. The content of this article applies to both EU and UK SFTR.

MoFo also reinforced its commitment to working parents amid the pandemic by enhancing its backup child care provider benefit.

Earlier this month, a year after the House passed a bill to change the structure of the Consumer Financial Protection Bureau, Rep. Randy Neugebauer again introduced legislation that would modify the structure of the Bureau.

PPAs are integral to the renewable energy sector, facilitating the purchase of electricity by corporate buyers and other entities.

There are two distinct financial instruments commonly referred to as "fractional shares".