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IRS proposes to treat weather, catastrophe and longevity derivatives as notional principal contracts

Newly proposed regulations from the U.S. Internal Revenue Service (IRS) could change the way certain over-the-counter derivative transactions are treated for taxation purposes. The proposal would generally allow for OTC derivatives which are based on objective non-financial information to qualify as notional principal contracts (NPC's).Law firm Sidley Austin LLP have read the full article →

Credit default swaps the future of a New York Insurance Exchange?

Six months ago I wrote about the impending return of an insurance exchange to New York. Eric Dinallo, New York Insurance Superintendent, had discussed his wish to resurrect the exchange in Manhattan and to attract the worlds biggest insurers and reinsurers back to New York with the promise of capital read the full article →