Derivatives Oversight Under the Financial Reform Legislation
Preparing to Comply With the Sweeping Federal Regulation of the Derivatives Market
Recording of a 90-minute CLE webinar/teleconference with Q&A
Conducted on Tuesday, September 14, 2010
Recorded event now available
This CLE webinar will prepare attorneys who advise dealers and participants in the derivatives market to comply with the sweeping new regulatory oversight of derivative financial products under the new financial reform law.
Description
The financial reform law includes new oversight of over-the-counter derivatives with regulation by the US Commodity Futures Trading Commission and the SEC. The law regulates swap dealers and major swap participants like banks and large hedge funds and may also impact insurance and finance companies.
Among the new statutory requirements are registration, posting of margins for trades, capital requirements and reporting and recordkeeping requirements. End-user businesses are exempt if their derivative transactions are for hedging and other commercial risk purposes.
The law requires mandatory clearing of swaps on clearinghouses with oversight by the CFTC. There is a narrow exemption for commercial end users that are not financial entities. With some exceptions, banks must now segregate their derivative trading into separately capitalized subsidiaries.
Listen as our authoritative panel of financial services attorneys prepares you for the substantial federal regulatory oversight of the derivatives market.
Outline
- Who is covered?
- New regulatory requirements
- Clearing of swaps
- Impact on derivative trading by banks
Benefits
The panel will review these and other key questions:
- What is the scope of regulation of "swap dealers" and major "swap participants" and what financial entities are likely to be affected?
- What businesses are exempt from the clearing of swaps on clearinghouses?
- What limitations is the CFTC authorized to impose on swaps with "significant price discovery" and what criteria will the agency consider?
- What derivatives trading activities must banks spin off and what trading activities are they permitted to engage in?
Faculty
Daniel Waldman,
Partner
Arnold & Porter, Washington, D.C.
He is active in representing clients in investigations by the SEC and the CFTC. He represents exchanges, brokers, investment funds and other market participants in regulatory matters before the CFTC and with respect to derivatives legislation before Congress. He is a former General Counsel for the CFTC where he advised the Commission on regulatory and adjudicatory matters.
Michael F. Griffin,
Partner
Arnold & Porter, New York
He practices principally in the regulation of the securities, futures, swaps, and related derivative markets with particular emphasis on investment management, investment funds, and brokerage operations. He also represents domestic and offshore hedge funds and hedge fund managers in all aspects of business.
Ahmad Hajj,
Attorney
Arnold & Porter, Washington, D.C.
He represents financial institutions, broker-dealers and hedge funds on a variety of matters including banking and securities regulatory issues and mergers and acquisitions. His practice includes representing clients in investments in securities, commodities, futures contracts, and other derivatives. He also represents financial institutions in litigation involving various federal regulatory issues.
Ordering
Online CLE - Audio Recording
Includes audio streaming of full program plus handouts (available 24 hours after live seminar).
CLE:
Pre-approved for participatory or non-traditional/alternate format credit in: CA, HI*, NY*, WV*.
Pre-approved for self-study credit in: AK, AZ, GA, MO, MT, TX, VT, WA.
Upon request, also available in: CO, CT*, FL, ID, KY, LA*, ME, NC, ND, NE, NH, NM, NV, OR*, SC, TN, UT, WI*, WY. If you are applying for credit in one of these states, make sure to select those states when placing your order.
(*Indicates that Strafford must report attendance.)
Online CLE Audio $297.00
Available 24 hours after the live event
Recorded Event
Includes full event recording plus handouts (available after live seminar).
CLE: Pre-approved for self-study credit in: AK, AZ, CA, CT, GA, HI, MO, MT, NY, TX, VT, WA, WV. Upon request, self-study credit is also available in: CO, FL, ID, KY, ME, ND, NE, NH, NM, NV, OR, UT, WI, WY. If you are applying for self-study credit in one of these states, contact Strafford CLE at 1-800-926-7926 ext. 35 or CLE@straffordpub.com.
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Available three business days after the live event
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plus $9.45 S&H
Available ten business days after the live event
MP3 Download (Audio with Slide PDFs) $297.00
Available 24 hours after the live event
CD (Audio with Slide PDFs) $297.00
plus $9.45 S&H
Available ten business days after the live event
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