Qualified Financial Contracts: New QFC Stay Rules Affecting Banks and Their Counterparties
Pros and Cons of Adhering to ISDA Protocol vs. Bilateral Amendment
This program has been cancelled
A live 90-minute premium CLE webinar with interactive Q&A
This CLE webinar will examine the new federal rules regarding qualified financial contracts (QFCs) and the steps banks and other financial institutions should take now to comply with the new QFC rules. The panel will discuss the pros and cons of adopting the ISDA US Stay Protocol as opposed to entering into bilateral amendments of existing contracts as well as provisions that should be included in QFCs going forward.
- Background on the new QFC rules--protection of GSIBs
- Key provisions
- Covered entity and covered QFC defined
- Required amendments
- Deadlines for compliance
- ISDA Protocol
- Compliance methods
- Adherence to ISDA Protocol
- Bilateral amendment
The panel will review these and other key issues:
- How is "Covered QFC" defined under the new QFC rules?
- What amendments are required with regard to QFCs with GSIBs and other covered entities?
- What are the exemptions with regard to U.S. counterparties?
- What are the pros and cons of adhering to the ISDA Protocol as opposed to entering into bilateral amendments?
Alice F. Yurke
Ms. Yurke's practice covers registered and unregistered structured and derivatives products, including equity and... | Read More
Ms. Yurke's practice covers registered and unregistered structured and derivatives products, including equity and credit, hedge fund, foreign exchange and commodity-linked structures in the U.S. and offshore markets. She advises clients on a variety of products, whether standalone or in the context of a lending, acquisition or other transaction. In addition to advising numerous financial institutions in structuring financial products for hedging, arbitrage, balance sheet management and liquidity purposes in a variety of sectors, Ms. Yurke has a background in liquidity and credit support arrangements for commercial paper and other programs. She has worked in leveraged finance and advises clients on risk-based capital and other regulatory concerns, as well as bankruptcy and workout-related issues in derivatives and loan transactions.Close
to be announced.