Clearing OTC derivatives: the Dodd-Frank Act and the new EU Regulation | Practical Law

Clearing OTC derivatives: the Dodd-Frank Act and the new EU Regulation | Practical Law

The European Commission's proposal for a new regulation on OTC derivatives, published on 15 September 2010, mirrors the Dodd-Frank Act. This article examines current OTC derivatives clearing, documentation for CCP clearing models, key legal and operational issues with moving OTC trades to a central clearing platform and the Commission's proposals for OTC derivatives clearing and the equivalent proposals under the Dodd-Frank Act.

Clearing OTC derivatives: the Dodd-Frank Act and the new EU Regulation

Practical Law UK Articles 1-504-8968 (Approx. 12 pages)

Clearing OTC derivatives: the Dodd-Frank Act and the new EU Regulation

by Antony Bryceson, Sidley Austin LLP
Law stated as at 01 Jan 2011 • European Union, USA (National/Federal)
The European Commission's proposal for a new regulation on OTC derivatives, published on 15 September 2010, mirrors the Dodd-Frank Act. This article examines current OTC derivatives clearing, documentation for CCP clearing models, key legal and operational issues with moving OTC trades to a central clearing platform and the Commission's proposals for OTC derivatives clearing and the equivalent proposals under the Dodd-Frank Act.
This article is part of the PLC multi-jurisdictional guide to Capital Markets. For a full list of contents visit www.practicallaw.com/capitalmarketshandbook.