Emma is a partner in Allen & Overy’s derivatives and structured finance team in London, a member of The Markets Innovation Group and advises on a broad range of issues relating to derivatives and structured finance transactions.
Emma is an expert in the new regulatory environment for derivatives and is at the forefront of analysing the complexities and changes that these regulations require. She has been central to industry efforts designing the market architecture necessary to implement the new regulation and has produced all of ISDA’s mainstream market infrastructure documentation for EMIR, including the Portfolio Reconciliation, Dispute Resolution and Disclosure Protocol, which is one of ISDA’s most widely adhered to protocols to date.
Emma advises a wide cross section of market participants, (including sellside and buyside), market infrastructure providers (including CCPs and trade repositories) and trade associations (including ISDA, FIA and SiFMA AMG) on all aspects of derivatives regulatory implementation, documentation and advocacy and engages with regulators (in the US, Europe and the UK) in doing so.
Emma has particular experience in clearing and the regulatory capital treatment of cleared trades. Recently she has also focused heavily on the uncleared margin rules and her work has involved the development of a proprietary RegTech tool to assist Phase 4 and 5 counterparties to determine whether they are in scope for IM compliance. Emma is currently advising many market participants on the implications of Brexit on derivatives regulation.
As a key market educator, Emma continues to speak at many industry events for ISDA and others around the world on EMIR and Brexit.
Allen & Overy LLP
One Bishops Square
Admitted as solicitor, England and Wales, 1998
News & insights
Publications: 13 NOVEMBER 2019
2020 expected to be a spotlight year for ASEAN and South Asia Debt Capital MarketsRead more
News: 13 NOVEMBER 2019
Allen & Overy has advised the joint lead managers in connection with the offering of EUR4 billion sovereign bonds by the Ministry of Finance of the People’s Republic of China. This is China’s first Euro-denominated bond issuance in 15 years.Read more
Publications: 08 FEBRUARY 2019
In this episode of our Brexit podcast series, Emma Dwyer, partner, and Emma Lancelott, senior lawyer, in our Derivatives and Structured Finance practice discuss what the UK version of the European Markets Infrastructure Regulation, otherwise known as UK EMIR, will look like and the likely practical effect of the onshoring of EMIR in a hard Brexit scenario.Read more
Publications: 23 JANUARY 2018
CFTC Approves Exemption from SEF Registration Requirement for Multilateral Trading Facilities and Organized Trading Facilities Authorized Within the EURead more