Thomson Reuters and Clifford Chance Team Up to Address OTC Derivatives Documentation
There has been a significant amount of change forced upon financial institutions over recent years, but there still lies substantial uncertainty for the road ahead. To help address the challenges relating to the over-the-counter (OTC) derivatives market, Thomson Reuters and Clifford Chance have joined forces to help financial institutions tackle in a timely, efficient and more cost effective manner their most pressing regulatory obligations pertaining to margin rules for uncleared OTC derivatives.
“By working with Thomson Reuters we can combine our deep understanding of the difficult challenges financial institutions face with a powerful, scalable delivery platform to offer clients the best of both worlds,” said Paul Landless of Clifford Chance Singapore. “The fact that we can fully support from Clifford Chance teams across New York, London, Europe and Asia Pacific to work with Thomson Reuters places us perfectly to tackle both the local regulatory issues and the complex, international challenges our clients face.”
“Thomson Reuters supports financial institutions with their ongoing master documentation needs by leveraging a global team comprised of OTC derivatives documentation lawyers and professionals with direct experience working in major financial institutions,” said Gregory McPolin, chief operating officer of Thomson Reuters Legal Managed Services. “Plus we have developed an industry-leading approach to tackling the time sensitive documentation needs driven by new and changing regulations for financial institutions and other heavily regulated industries.”
Maria Garcia, head of Financial Documentation Services for Thomson Reuters Legal Managed Services explained that “combining those knowledgeable resources with advanced technology, such as Contract Express, uniform processes and efficient project management allows us to handle high volumes of work in tight timeframes. As a result, our clients have found their negotiations are propelled forward faster and at a lower cost.”
To learn more about this offering, check out this article by Maria Garcia and read the full news release announcing the joint venture between Thomson Reuters and Clifford Chance.
