New York, NY, November 21, 2015 --(PR.com
)-- The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, has announced today that Julia Lu, Partner, Richards Kibbe & Orbe LLP will speak at the Knowledge Group’s webcast entitled: “CFTC Proposed Margin Rule for Uncleared Swaps – Fixing Loopholes & Eliminating Risks Live Webcast.” This event is scheduled for January 22, 2016 from 3:00pm – 5:00pm (ET).
For further details, please visit: https://theknowledgegroup.org/cftc-proposed-margin-rule-for-uncleared-swaps-fixing-loopholes-eliminating-risks-live-webcast-2/
About Julia Lu
Julia focuses her derivatives practice on total return swaps, credit default swaps, credit- and equity-linked notes, equity swaps and options, and other derivatives transactions, and the application of the new U.S. legislative and regulatory regimes pertaining to these transactions. In particular she has substantial experience handling a variety of derivatives transactions based on secured and unsecured loans and other debt instruments in North America, Europe and Asia.
Due to her deep background in the credit derivatives product, Julia has been nominated as a potential pool member to be called upon to conduct external reviews of the determinations made by the International Swaps and Derivatives Association Credit Derivatives Determinations Committee. She works with other members of the RK&O team in performing RK&O’s duties as the “Designated Law Firm” in connection with the Continuity Procedures for the North American “bullet” loan credit default swap.
About Richards Kibbe & Orbe LLP
Richards Kibbe & Orbe LLP is an elite boutique law firm focused on the financial sector. For more than 25 years, RK&O has represented financial firms in transactions, compliance and litigation, and has consistently been at the forefront of emerging legal issues and investment activities. The sophistication and intensity that have made RK&O a leader in complex financial transactions and compliance issues have also driven its success in representing institutional clients, funds and individuals confronting government investigations, securities law violations and complex business disputes.
RK&O conducts a highly collaborative practice through approximately 65 lawyers based in New York, Washington, D.C. and London. With a long track record of achieving positive outcomes for clients, RK&O attorneys are recognized as being among the most qualified legal practitioners in the financial services sector, both in the U.S. and around the globe.
To address the margin requirements for uncleared cross-border swaps not subject to U.S. banking regulations, the Commodity Futures Trading Commission (CFTC) proposed a rule on June 29, 2015. Under the proposed rules, if the duties of a non-US CSE are assured by a US person or if a non-US CSE is a “Foreign Consolidated Subsidiary," then, the non-US covered swap entities (CSEs) is obliged to apply the same margin rules for uncleared swaps as a US CSE.
As one of the results, entities trading with CSEs will be indirectly impacted. Consequently, financial end users may encounter CSE requests for information and representations. Financial end users should enforce systems for the computation of notional across organizations.
About The Knowledge Group /The Knowledge Congress Live Webcast Series
The Knowledge Group was established with the mission to produce unbiased, objective, and educational live webinars that examine industry trends and regulatory changes from a variety of different perspectives. The goal is to deliver a unique multilevel analysis of an important issue affecting business in a highly focused format. To contact or register for an event, please visit: http://theknowledgegroup.org/