Client Alert
As we described in our July 21, 2010, client alert outlining the new financial regulation law, Title VII of the new law extensively regulates the “over-the-counter” derivatives market by requiring that most swaps be cleared and executed through a regulated facility and imposing margin and capital requirements on uncleared swaps executed by swap dealers or major swap participants. This Client Alert outlines various rules of Title VII. The practical significance of these rules will be largely determined by regulations to be written by various federal regulators.