Guiding Financial Institutions and Investors
Through the Credit Derivatives Crisis
***Lessons Learned From Lehman Brothers, Fannie Mae,
Freddie Mac and AIG***
CD of Teleconference with Q&A
Click here for program outline
Conducted on Tuesday, October 21, 2008
Now available on CD
Sponsored by the Legal Publishing Group of Strafford Publications
On September 23, the SEC asked Congress to immediately pass laws regulating credit default swap derivatives amid concerns that the instruments are driving the financial crisis. Many link problems in the credit default swaps market with the Lehman Brothers and American International Group crises.
Over the past decade, the credit default swaps market has grown from $180 billion in 1996 to $62 trillion in 2008.
It is critical that legal advisors to financial services firms understand how credit default swaps could have contributed to the failure of banks, investment banks and insurance companies; the future of credit default swaps market; and steps all parties should take to maximize recovery.
Listen as our panel of financial services attorneys reviews the impact of credit default swaps on the global financial crisis, describes current SEC enforcement efforts, examines the legal risks related to credit default swaps and offers their strategies to minimize those risks.
The panel for this legal event included:
Willa Cohen Bruckner, Partner, Alston & Bird, New York. She concentrates on derivatives, structured products, and alternative investments and has over 25 years of experience as a financial services attorney. She works with clients on the preparation and implementation of legal and compliance policies and procedures related to investment and trading businesses.
James P. Wehner, Of Counsel, Caplin & Drysdale, Washington, D.C. His principal practice area is complex civil litigation, with a focus on bankruptcy and creditors' rights litigation. He works with a variety of industries, including consumer financial products.
Jonathan Sablone, Partner, Nixon Peabody, Boston. He chairs the firm's Alternative Investment Litigation Team, representing limited partnerships, investors and partners in matters related to limited partnership investment vehicles. He is a regular speaker on institutional investor issues at industry events.
The panel reviewed these and other key questions:
- How has the use of credit default swap derivatives contributed to the current financial crisis?
- What steps is the SEC taking to regulate the use of credit default swaps?
- How should legal advisors counsel financial institutions and investors to minimize legal risks and losses from credit default swaps?
TELECONFERENCE CD
Purchase a CD-ROM of the full conference proceedings, including Q&A and PDF files of all handouts (available 10 days after the program).
- Regular Price - $297 (plus $9.45 S&H)
- With Teleconference Registration – an additional $75 (plus $9.45 S&H)
CLE credit is available for an additional $65 each for attorneys seeking CLE credits for NY or CT.
Other states may grant CLE credits for listening to this CD - check with your state about applying for self-study credit on CD-listening.
Click here for program outline