Hogan Lovells Cadwalader is a global law firm trusted by clients to deliver on complex, high-stakes matters.
Operating at the intersection of business, finance, and government, we bring an unwavering commitment to client service and the decisive counsel that helps clients achieve exceptional results.
Consistently recognized for innovation across legal services, we combine sharp judgment with deep commercial perspective and intellectual rigor to address critical, cutting-edge challenges.
With 3,100 lawyers worldwide, we offer global scale with strong local insight in the markets that matter most. Our commitment extends beyond client work through pro bono activities, community investment, and responsible business practices.
within Intellectual Property, Government, Public Sector, Food, Drugs, Healthcare and Life Sciences topic(s)
with readers working within the Consumer Industries industries
A swap dealer agreed to pay $900,000 to settle National
Futures Association ("NFA") charges relating to initial
margin for uncleared swaps. The NFA alleged that the firm used
insufficient methods to evaluate the risks of its uncleared swaps
and failed to appropriately back test, benchmark and verify its
margin model. The NFA alleged that the swap dealer (i) neglected to
take the necessary steps to meet the initial margin and variation
margin collection requirements, (ii) failed to adequately supervise
its business activities with respect to margin and model
monitoring, and (iii) submitted inaccurate information in reports
to the NFA. The swap dealer neither admitted to nor denied the
NFA's findings.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
