rsvp@herrick.com
September 16, 2010 -- Herrick, Feinstein LLP
Location: The Princeton Club of New York: 15 West 43rd Street, New York, New York
A briefing on the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 featured speakers Scott Shay of Signature Bank, Matthew Musselman of JPMorgan Chase and Jeff Klein of Kensington Capital Advisors.
Topics discussed:
I. Regulation of systematic risk
The new regulatory agency
Scope of systemic risk regulation
Reporting requirements
Prudential regulation
Dissolution provisions
Restrictions on banking activities
II. Expanded regulation of private investment fund managers
Elimination of private adviser exemption
Exceptions for foreign advisers, venture capital funds and others
Reporting and recordkeeping for systemic risk management
New bifurcation of federal and state regulation
Impact of the Volcker Rule
Changes to private placement criteria
III. Reforms for the asset-backed securitization market
Sponsors and originators
Rating agencies
Increased transparency
IV. Regulation of swap markets
Mandatory clearing of swap transactions
Treatment of commercial end users
Regulation of swap dealers and major swap participants
Reporting requirements and prudential standards
Panelists:
Stephen Brodie, Partner, Herrick, Feinstein LLP
Jeff Klein, Principal, Kensington Capital Advisors
Irwin Latner, Partner, Herrick, Feinstein LLP
Matthew Musselman, Vice President and Assistant General Counsel, JPMorgan Chase
Scott Shay, Chairman of the Board, Signature Bank
Patrick Sweeney, Partner, Herrick, Feinstein LLP
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