VIDEO: Which Regulations Apply to a Transaction

VIDEO: Which Regulations Apply to a Transaction

Christina Norland of Chatham Financial discusses the importance of determining which regulatory regimes and regulatory requirements are relevant to you and your trades. In addition, she highlights four key considerations for identifying potential regulatory impacts. A full transcription of the video is available below.
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Kludgy Swap Market Still Safer than Pre-Crisis

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iTreasurer: Kludgy Swap Market Still Safer than Pre-Crisis
By John Hintze, iTreasurer
May 15, 2015

"The consensus among Advisory Committee participants was that several factors have led to fewer FCMs, with new regulations playing a significant role. Luke Zubrod, director of risk and regulatory advisory at Chatham Financial, noted during the session that new regulations stemming from the Dodd-Frank Act as well as the Basel Committee have escalated costs for intermediaries and their clients, resulting in a less dynamic market.”
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Investors in switch from CME to LCH

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Financial Times: Investors in switch from CME to LCH
By Joe Rennison
June 9, 2015

“We have already had clients choose to move to LCH on account of the basis and it’s an active discussion with many others,” said Luke Zubrod, director of risk and regulatory advisory at Chatham Financial.
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VIDEO: Pre-trade Documentation

VIDEO: Pre-trade Documentation

Christina Norland of Chatham Financial discusses the documentation requirements under current Dodd-Frank regulation that must be met prior to trading. Thanks for watching!
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SEFs Losing Favor?

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iTreasurer: SEFs Losing Favor?
By John Hintze, iTreasurer
March 26, 2015

“Luke Zubrod, director of risk and regulatory advisory at Chatham Financial, said that among the several aims of the new swap regulations was the intent to create incentives to clear swaps in order to reduce systemic risk in the derivatives market. He prefaced his comments about the drop in cleared swap volume by noting he would expect regulators to be more concerned if uncleared swap volume had increased more sharply. Nevertheless, he said, the decline in cleared swaps does likely raise questions for regulators."
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Straight Talk

Warren Buffett 50th
This marks Warren Buffett’s 50th year publishing an annual letter of homespun wisdom and straight talk about his business. Despite his firm belief that you can’t teach a new dog old tricks, Buffett’s penchant for wry witticism was already in evidence at age thirty-five. “Our War on Poverty was successful in 1965,” he quipped. “Specifically, we were $12,304,060 less poor at the end of the year.” And although he (completely incorrectly) basked in the glow of having newly acquired a New England-based textile mill – “Berkshire [the textile business] is a delight to own” – Buffett’s investment record in the following five decades would be without parallel, over which period Berkshire [the conglomerate] would be...
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Energy Risk: Republicans in Congress set to push Dodd-Frank fixes

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Republicans in Congress set to push Dodd-Frank fixes
By Alex Osipovich
February 17, 2015

Warren's reaction provokes consternation among those on the other side of the debate. "Our little end-user fix was about as benign as you can imagine," says Luke Zubrod, director of risk and regulatory advisory at Chatham Financial, a Pennsylvania-based advisory firm that lobbied for the end-user margin provision. "It was about Main Street companies hedging and reducing risk, and it was a legislative clarification that was documented to be fully consistent with congressional intent. And even that generated an opportunity for Elizabeth Warren to rail against Wall Street." Warren's office did not respond to a request...
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IFRS 9: The Impact of Adopting IFRS 9 on Effectiveness Testing, Ineffectiveness Measurement, and Rebalancing

Part 5: The Impact of Adopting IFRS 9 on Effectiveness Testing, Ineffectiveness Measurement, and Rebalancing

February 2015

In case you missed them here are: Part 1, Part 2 Part 3 and Part 4 Some of the...
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Dodd-Frank & Lessons from Fuel Efficiency Standards

Dodd Frank & Fuel Efficiency
In 1973, the Arab Oil Embargo and ensuing oil crisis in the US prompted Congress to react with new regulation. The Corporate Average Fuel Economy (CAFE) Standards introduced fuel efficiency benchmarks that were intended to “reduce energy consumption by increasing fuel economy.” Now more than 40 years later, the unpredictable outcomes of fuel economy regulations are instructive, especially as we embark on a similarly ambitious regulatory scheme for OTC derivatives. They teach that regulations are likely to have unexpected and undesirable effects, even while achieving their broad objectives. The current fleet-wide fuel efficiency standard in the U.S. of 27.5 miles per gallon will increase to 54.5 mpg by 2025. These ever-growing standards have forced automakers to...
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Sept. 9: AIFMD and EMIR Convergence: Implications and Solutions for Fund Managers

AIFMD and EMIR Convergence: Implications and Solutions for Fund Managers

September 9, 2014 | Recording Available
 
Fund managers who market or manage funds in Europe -- and who use derivatives to hedge their risks -- now face a convergence of regulations that impact their risk management and hedging programs going forward. This webinar will tell you what you need to know about AIFMD and EMIR regulations and what practically needs to be done to comply and avoid disruption to your business.
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