Thomas Rawlinson

Senior Associate

Tom is an associate in the derivatives and structured finance team and has experience in a range of listed and OTC derivatives across various asset classes, with a particular focus on the regulatory environment for OTC derivatives. 

He has significant experience in clearing and regulatory capital treatment for cleared trades, and advises a variety of financial institutions, trade associations and infrastructure providers on documentation and regulatory implementation.

On the transactional side, Tom advises on a range of OTC derivative products, including credit derivatives, hedging and TRS.

Tom's sample relevant assignments include advising:

The Credit Derivatives Determinations Committee on the triggering and settlement of credit derivatives referencing the Russian Federation.

A number of leading institutions on their client clearing arrangements with multiple CCPs, including in relation to regulatory treatment.

Multiple institutions (sell side and buy side) on template client clearing agreements and engaging in negotiations on their behalf.

A syndicate of banks on the hedging arrangements for the EUR 2.3 billion long-term refinancing of Finerge's portfolio of 1.6 GW of existing onshore wind and solar operations in Portugal and Spain.

SwapAgent on its compliance with regulatory requirements, including on netting, insolvency and collateral enforceability.

ISDA, producing opinions required under CRR for look through capital treatment for client cleared transactions.

A group of financial institutions as clearing member syndicate in reviewing the Rules and Procedures of LCH SA.

A cryptocurrency exchange on its FX derivatives structure and collateral mechanics.

Trade associations with industry submissions.

On large scale regulatory implementation projects relating to margin and Brexit.

A&O Shearman was formed on May 1, 2024 by the combination of Shearman & Sterling LLP and Allen & Overy LLP and their respective affiliates (the legacy firms). Any matters referred to above may include matters undertaken by one or more of the legacy firms rather than A&O Shearman.