Eric Juzenas, director of regulatory advisory at Chatham Financial, noted that the European Union is stricter in some areas in data reporting and validation than the US. “The EU has specified that trades cannot be reported without an LEI, and that, for reporting, LEIs must be maintained through annual recertification with an LEI provider,” he said. “There is no such explicit requirement In the US, though the CFTC may consider it as it reviews its reporting rules.”
ESMA: get your LEIs ready for MiFIR
October 10, 2017
*Registration may be required
Using the End-User Exception to Dodd-Frank
Chatham Financial talks about factors that non-financial companies attempting to mitigate financial risk ma...
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Helping End Users Navigate the Transition to IBOR Alternatives
Chatham Financial has drafted a list of principles and potential actions to facilitate the transition from LIBOR and protect end users against unnecessary costs, risks, and disruption.
EMIR Refit Benefits European Corporate Entities
Changes to EMIR that that will benefit the compliance obligations for European corporate entities became effective June 17, 2019.
EMIR Refit Impacts for Fund-Level Hedging
Changes to EMIR that could impact fund-level hedging, including REITs became effective June 17, 2019. European regulators have expanded the financial counterparty definition to include all funds.
Corporate Borrowers Must Engage More in SOFR Phase-In
Corporate borrowers are running out of time to weigh in on SOFR as the benchmark rate to replace LIBOR.
SOFR Forward Curve: Jump Bootstrapper
The background, methodology, and applicability for Chatham Financial’s SOFR forward curve, taking into account key dates such as FOMC meetings.
Chatham Financial Urges Revisions to the Proposed SA-CCR Rulemaking
Chatham Financial today announced that it has submitted a letter urging regulators to reconsider the proposed SA-CCR rule, which may unintentionally impact end users.
Amanda Breslin Named to U.S. CFTC Agricultural Advisory Committee (AAC)
The U.S. Commodity Futures Trading Commission (CFTC) has appointed Amanda Breslin, executive director, treasury advisory for Chatham Financial, as a member of its Agricultural Advisory Committee (AAC)
Preparing for SA-CCR
Eric Juzenas, Global Head of Compliance and Regulation for Chatham Financial, discusses the“Notice of Proposed Rulemaking,” which concerns revisions to the standardized approach for calculating the ex
Preparing for Brexit's Impact
How will a hard Brexit affect the application of hedge accounting if a trade is novated? Chatham Financial reviews hedging relationships viewed under US GAAP rules and IFRS.
LIBOR Fallbacks a Low Priority for Most Bond Investors
LIBOR-backed securities, sold with poor fallback language to apply if LIBOR ceases in 2021, require investors to familiarize themselves with fallback provisions.
How FASB can help hedge accountants weather the LIBOR transition
Rob Anderson, product manager at Chatham Financial, discusses the FASB guidance and time required to transition from LIBOR to another benchmark rate.
Preparing for the IBOR Transition: Steps End Users Need to Consider
The IBORs – the Interbank Offered Rates – are in danger of degrading or disappearing.
CFTC's Proposed Revision of SEF Trade Execution Requirements
Chatham Financial provided comment on the CFTC's proposed revision of the SEF Trade Execution Requirements, showing how these revisions could negatively impact the bespoke swaps market end users.
FASB carefully crafts transition guidance for SOFR
Rob Anderson, director in Chatham Financial’s hedge accounting practice, discusses FASB’s guidance on the transition to SOFR.
LIBOR Transition: Replacements Begin Addressing Cash Products
Eric Juzenas discusses the possibility of variations to ARRC’s fallback language, but says it will be used as a starting point for most dealers and lenders updating their documentation.
Response to the CFTC Request for Input on Ethereum Blockchain
Chatham Financial discusses the current state and future of Ethereum Blockchain and distributed ledger technology (DLT) in response to a request from the CFTC.
Chatham Financial Wins Award At Barclay's DerivHack 2018
Chatham Financial announced that its technology team earned the Best Solution Architecture Award at Barclay's DerivHack 2018 in New York.
ARRC Consultations for Fallback Contract Language
U.K.’s Financial Conduct Authority (FCA) announced that banks would no longer be compelled by the FCA to support LIBOR past the end of 2021.
Considerations for LIBOR Alternatives in Loan Documentation
Chatham Financial covers some of the issues that should be considered as market participants prepare for the unavailability of LIBOR and the resulting impact on loans and derivatives.
ISDA Consultation on Certain Aspects of Fallbacks for Derivatives