John Williams is a partner in the New York office of Milbank, Tweed, Hadley & McCloy and a member of the firm’s Alternative Investments practice.
Primary Focus & Experience
Mr. Williams advises swap dealers and other market participants on the evolving regulatory framework for both cleared and uncleared derivatives transactions.
News:Milbank discusses Title VII and the Volcker Rule: Same swap, different rules in The CLS Blue Sky Blog
Mr. Williams’s work includes issues relating to the central clearing of derivatives, swap dealer registration and business conduct and the cross border application of relevant U.S. regulation. Since 2009, he has advised the clearing members of ICE Clear Credit and ICE Clear Europe on the establishment, development, and ongoing modification of the clearing services of those two DCOs, as well as on related regulatory matters. Mr. Williams also advises several leading futures commission merchants on the development and execution of client clearing documentation.
Recently, he served as counsel to a consortium of Canadian and European banks in the advocacy efforts with US and non-US regulators on the extra-territorial application of the Volcker Rule. He also represented the dealer group in the restructuring of the USD32bn Canadian Asset-Backed Commercial Paper market, which is to date the largest single restructuring of synthetic structured credit products.
Mr. Williams was also lead counsel to the International Swaps and Derivatives Association, Inc. (ISDA) on both the Big Bang Protocol and Small Bang Protocol and on each of the CDS Settlement Protocols published by ISDA prior to that.
Recognition & Accomplishments
Mr. Williams has been ranked as a leading lawyer in Chambers USA, which states that, “John Williams is held in high regard for his credit derivatives expertise with clients reporting that he ‘explains complex issues very coherently, allowing us to understand even the most cutting-edge stuff very quickly’.”
Mr. Williams is widely quoted on financial services regulatory matters including: “The Volcker Rule,” FS Focus, May 2012, with Doug Landy and Suyash Paliwal and “Credit Default Swaps: Lessons on the Role of Private Ordering in Mitigating Systemic Risk,” Capital Markets Law Journal, 2010 Volume 5, Number 3: 267-277 with Vinod Aravind.
Mr. Williams received his Juris Doctorate from Yale Law School in 1997. He received his Bachelor of Arts from Yale College in 1989 where he graduated summa cum laude.