Authored by Debbie Klis with contributions from Nicole Kalajian and Robin Powers. On August 23, 2023, the Securities and Exchange Commission (“SEC”) issued new final rules that impose significant new requirements on private fund advisers (the “Rules”). [1] The Rules impose limits on awarding preferential rights to certain investors, as well as mandating new disclosure,…

What Can We Expect from the Regulators? Robin Powers, Partner, Rimon, P.C. Archegos Capital Management’s collapse last week, and the resulting losses for several global banks, has and will impact financial markets for the foreseeable future. Regulatory efforts will likely focus on the ever-expanding shadow banking sector and shed light on its transparency (or lack thereof) and…

I.  Introduction In 2017, the UK’s Financial Conduct Authority (“FCA”) announced that it will not require the calculation and publication of interbank offered rates (“IBORS”) beyond 2021.  The absence of a guaranteed IBOR after 2021 has triggered one of the largest and intricate challenges that financial markets have confronted to date.  Trillions of dollars of…

I.  Introduction In 2017, the UK’s Financial Conduct Authority (“FCA”) announced that it will not require the calculation and publication of interbank offered rates (“IBORS”) beyond 2021.  The absence of a guaranteed IBOR after 2021 has triggered one of the largest and intricate challenges that financial markets have confronted to date.  Trillions of dollars of…

Controversial debt swap has the credit default swap (CDS) market up in arms. The integrity of the CDS could be permanently damaged. “It could destabilize the market for single-name CDS.” Said Robin Powers, Partner at Rimon who specializes in derivatives. Read the full International Financing Review article here. Robin Powers focuses on financial transactions entered into by hedge funds…

Global Market Entity Identifier Utility (GMEI), an LEI issuer, is now requesting information relating to the parents of its registered entities.  The past information collected on an LEI entity, which consisted of self-identifying information, is known as “Level 1 Data.”  The additional information now being requested is known as “Level 2 Data.” Learn more here. Robin Powers focuses…

On August 21, the International Swaps and Derivatives Association (ISDA) published the ISDA 2014 Credit Derivatives Definitions Protocol (the “Protocol”). The deadline for adhering to the Protocol is September 12, 2014 and the Protocol will become effective between adhering parties on September 22, 2014. The Protocol will apply to certain (but not all) existing credit derivative transactions (“CDS”)…

The article, titled “Women Seize Opportunities in Male-Dominated Finance World,” focuses on the top female attorneys practicing in the world of corporate finance, including the recent female heads of the Securities & Exchange Commission (SEC) and the Commodities Futures Trading Commission (CFTC). Ms. Powers, a Rimon Partner in New York, is noted for her work as…

Law360 interviewed Robin Powers about her experiences as a female powerbroker with more than 18 years of experience working with hedge funds, private equity funds, family offices, and universities and endowments with respect to their financial transactions, prime brokerage relationships, leveraged finance and derivatives activity. Ms. Powers shared her experiences serving as a senior-level lawyer in…

Mandatory trade reporting under EMIR is scheduled to begin on February 12th, 2014. ISDA and the FOA have published the “EMIR Reporting Delegation Agreement” (the “Delegation Agreement”) which provides the OTC Derivatives market industry with a tool to document delegated reporting arrangements. The Delegation Agreement generally contemplates that one party (generally the swap dealer) will…