Rely on the most comprehensive, up-to-date legal content designed and curated by lawyers for lawyers
Work faster and smarter to improve your drafting productivity without increasing risk
Accelerate the creation and use of high quality and trusted legal documents and forms
Streamline how you manage your legal business with proven tools and processes
Manage risk and compliance in your organisation to reduce your risk profile
Stay up to date and informed with insights from our trusted experts, news and information sources
Access the best content in the industry, effortlessly — confident that your news is trustworthy and up to date.
Find up-to-date guidance on points of law and then easily pull up sources to support your advice with Lexis PSL
With over 30 practice areas, we have all bases covered. Find out how we can help
Our trusted tax intelligence solutions, highly-regarded exam training and education materials help guide and tutor Tax professionals
Regulatory, business information and analytics solutions that help professionals make better decisions
A leading provider of software platforms for professional services firms
In-depth analysis, commentary and practical information to help you protect your business
LexisNexis Blogs shed light on topics affecting the legal profession and the issues you're facing
Legal professionals trust us to help navigate change. Find out how we help ensure they exceed expectations
Lex Chat is a LexisNexis current affairs podcast sharing insights on topics for the legal profession
Discuss the latest legal developments, ask questions, and share best practice with other LexisPSL subscribers
What have been the key developments in the world of derivatives over the past six months?
Statistics published by the International Swaps and Derivatives Association (ISDA) and the Bank of International Settlements (BIS) show that central clearing has increased further, particularly for over-the-counter (OTC) interest rate derivatives.
Regulatory activity has been focused on:
ESMA has launched a new Q&A tool.
Initiatives by ISDA in H1 2017 have included:
The Futures Industry Association’s (FIA) initatives has focussed on the US regulatory framework and potential reforms to it.
PRIME Finance has added new members to its board and held its sixth AGM.
Dexia Crediop S.p.A. v Commune di Prato related to an argument that an Italian counterparty did not have capacity to enter into swaps and that in any case the ISDA master agreement should be governed by Italian laws.
Deutsche Bank v Comune di Savona also related to an argument that mandatory Italian laws should apply to an ISDA master agreement.
In Ventra Investments Ltd (in creditors voluntary liquidation) v Bank of Scotland plc, Ventra alleged that it was induced to enter into trades by fraudulent and negligent misrepresentations.
AMT Futures Ltd v Marzillier and others was another jurisdiction case, in which the English courts determined that they did not have jurisidiction pursuant to Article 5(3) of the Brussels I Regulation.
In Mohammad Zadeh Khorassani v Kathrin Pflanz, the advocate general of the Court of Justice of the EU considered whether brokering the conclusion of a portfolio management agreement amount to the provision of investment services under MiFID
Access this article and thousands of others like it free by subscribing to our blog.
Read full article
Already a subscriber? Login
1.Banking and finance lawyer with experience in derivatives, debt capital markets, securitisation and structured finance in London and Paris
2.Likes ballet, playing the harp and holidays
3.Thinks the law is always changing!
Emma trained and qualified at Allen & Overy LLP and worked in their derivatives and structured finance teams in London and Paris. She then joined the foreign exchange prime brokerage legal team at Deutsche Bank before spending 4 ½ years with Crédit Agricole CIB advising the fixed income and derivatives desk.
0330 161 1234