Lawyers & Professionals

Firm Overview

Instead of trying to be everything to everybody, we’ve made a name for ourselves by delivering what our clients need most: in-depth, hands-on legal counsel throughout the financial services sector — and beyond.

Get to know us

Firm News

There’s a lot going on at Schulte — we’re wrapping up high-profile matters, welcoming talented new lawyers, speaking on issues that affect our clients, and more.

Read all about it

Pro Bono

Throughout our history, Schulte has provided comprehensive pro bono services to local and national nonprofit organizations. Today, we serve more than 50 nonprofits and work to advance a variety of social justice causes.

Learn more

Diversity and Inclusion

Inside the firm, we work hard to attract diverse, talented lawyers and encourage their career growth and advancement. And outside the office, we’re active in volunteer drives and local initiatives that support women and minorities’ professional success.

See what we’re up to


If you’re a current or former Schulte lawyer, join our Alumni Network on LinkedIn to stay connected with old friends, make new contacts, and share your successes, ideas and insights.

Stay in touch

Social Responsibility

We take doing “good work” seriously — whether we’re talking about our high ethical standards or the way in which we foster a positive and inclusive culture for our personnel and support local communities.

See how we work


  • New York

    • 919 Third Avenue
    • New York, NY 10022
    • United States of America
      • +1 212.756.2000 Phone
      • +1 212.593.5955 Fax
  • Washington, DC

    • 901 Fifteenth Street, NW, Suite 800
    • Washington, DC 20005
    • United States of America
      • +1 202.729.7470 Phone
      • +1 202.730.4520 Fax
  • London

    • One Eagle Place
    • London SW1Y 6AF
    • United Kingdom
      • +44 (0) 20 7081 8000 Phone
      • +44 (0) 20 7081 8010 Fax

On April 3, 2020, the Basel Committee on Banking Supervision (“BCBS”) and the International Organization of Securities Commissions (“IOSCO”) agreed to a one-year extension of the deadline for completion of the final two margin requirement implementation phases for non-centrally cleared derivatives. The BCBS and IOSCO noted that, in light of challenges posed by the COVID-19 pandemic, including displacement of staff and the need for firms to focus recourses on managing current market volatility risk, the extension will provide additional operational capacity to firms while also facilitating covered entities in acting diligently to comply with the revised deadline requirements.

Under the revised deadlines, covered entities with an aggregate average notional amount (“AANA”) of non-centrally cleared derivatives over $50 billion will become subject to the requirements on Sept. 1, 2021, while covered entities with an AANA of non-centrally cleared derivatives at or below $50 billion (but over $8 billion, which is the minimum threshold) will become subject to the requirements on Sept. 1, 2022. These changes are reflected in a revised version of the margin requirements (available here). The BSBC and IOSCO have noted that no other substantive changes are featured therein.

Parties should note that the BCBS-IOSCO framework is not binding law, but the assumption is that U.S. regulators that adopted margin requirements based on the framework will also follow this change.

Authored by Craig Stein and Atul Joshi.

If you have any questions concerning this Alert, please contact your attorney at Schulte Roth & Zabel or one of the authors.

This communication is issued by Schulte Roth & Zabel LLP for informational purposes only and does not constitute legal advice or establish an attorney-client relationship. In some jurisdictions, this publication may be considered attorney advertising. ©2020 Schulte Roth & Zabel LLP.

All rights reserved. SCHULTE ROTH & ZABEL is the registered trademark of Schulte Roth & Zabel LLP.