Events
How Dodd-Frank Financial Reform Affects your Business: Critical Information You Need to Know
Wednesday, July 21, 2010
11:00 am – 4:30 pm EDT
Please click here to access the webcast materials and related articles.
The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 is set to overhaul the complex system regulating the financial industry. Given the breadth and scope of the new powers Dodd-Frank ushers in, industry leaders need to understand the immediate, significant impact it will have on their businesses. To help clients, colleagues and friends focus on the most pressing changes, adjust strategic direction and plan accordingly, McDermott Will & Emery’s top industry specialists will present a special webcast dedicated to this profound legislation.
During seven individual sessions, the program will review key derivatives reform provisions in Title VII of Dodd-Frank—the Wall Street Transparency and Accountability Act—as well as issues in Dodd-Frank affecting:
- Energy and commodities traders
- Insurance companies
- Hedge funds and private equity funds
- Structured transactions and securitization
- Securities enforcement and regulation
- Corporate governance and executive compensation
- Employee benefit plans
McDermott partner Andrea S. Kramer will moderate distinguished panels of leading industry authorities and advisors from the Firm's Energy & Commodities Advisory; Tax; Employee Benefits; Financial Institutions Advisory; SEC Defense and Government Strategies Practice Groups. Participants are welcome to join us for the entire program or individual sessions at the times listed below.
Session 1: Webcast Overview and a Brief Look at Title VII of Dodd-Frank, the Wall Street Transparency and Accountability Act (WSTAA)
11:00 – 11:30 am EDT
Speaker
Andrea S. Kramer
The Dodd-Frank Act will compel companies to redefine their hedging, risk management, trading and other derivatives activities. In this overview session, we will set the framework for the entire program, posing questions to be to be addressed in the remainder of the webcast, including:
- Death of the Commodity Futures Modernization Act, with the repeal of exemptions for over-the- counter (OTC) principal-to-principal derivatives transactions and transactions traded on exempt commercial markets
- Key Issues for market participants, including hedgers, traders, risk managers, hedge funds, employee benefit plans, and insurance companies
- Key changes for structured transactions and securitization
- Changes in commodities and securities enforcement and regulation
- Necessary updates to executive compensation programs and practices to reflect new disclosure and compensation committee requirements
- Effective dates, required rulemaking and studies and what you might do to get ready for them
This session will be of interest to all market participants.
Session 2: Key Issues For Hedgers and Risk Managers
11:30 am – 12:15 pm EDT
Speakers
David L. Taub
William R. Pomierski
Edwin C. Laurenson
This session will explore the issues affecting end users, hedgers and risk managers, including:
- What it means to be an end-user
- End-user clearing exemption and other end-user issues
- Dealing with “special entities”—including review of the provisions applicable to transactions involving U.S. local governments
- Key rulemaking issues for end-users
- Federal income tax considerations
- Private Funds: When private equity, venture and hedge funds are considered financial entities
This session will be of interest to financial institutions, all derivatives users, corporate hedgers and risk managers, tax professionals, pension managers, investment managers, insurance companies, public utilities, commodities and energy traders, private equity, hedge funds and venture capitalists.
Session 3: Key Issues for Traders and Dealers, Including Energy and Commodities Traders
12:30 – 1:30 pm EDT
Speakers
Athena Velie
David L. Taub
This session will address issues affecting end users, swap dealers and major swap participants, the regulation of swap execution facilities, and other issues affecting energy and commodities traders, including:
- Regulation of swaps
- Registration and regulation of swap dealers and major swap participants
- Business conduct standards applicable to swap dealers and major swap participants
- Registration and regulation of swap execution facilities and derivatives clearing organizations
- Expanded manipulation and fraud authority
- Position Limits
- Swap transactions with special entities
- Federal Energy Regulatory Commission (FERC) – U.S. Commodity Futures Trading Commission (CFTC) jurisdictional issues
- Key rulemakings for energy and commodities traders
This session will be of interest to financial institutions, all derivatives users, corporate hedgers and risk managers, tax professionals, pension managers, investment managers, insurance companies, public utilities, commodities and energy traders, private equity, hedge funds and venture capitalists.
Session 4: Key Issues for Structured Transactions and Securitization
1:45 – 2:15 pm EDT
Speakers
Thomas A. McGavin
This session will explore the key issues affecting structured transactions and securitization, including:.
- Risk retention “skin in the game”
- Asset-backed securities (ABS) reporting
- Regulation of ABS offerings
- Supervision and regulation of rating agencies
- Mortgage reform
This session will be of interest to financial institutions, all derivatives users, corporate hedgers and risk managers, investment managers, insurance companies, public utilities, commodities and energy traders, private equity, hedge funds and venture capitalists.
Session 5: Key Issues for Securities Enforcement, Security-Based Swaps and Investment Managers
2:15 – 3:00 pm EDT
Speakers
Fredric D. Firestone
Eugene I. Goldman
Edwin C. Laurenson
This session will explore changes to the U.S. Securities and Exchange Commission’s (SEC’s) authority in regulating the security-based swap market, issues facing investment advisers, and other key issues affecting securities enforcement and regulation, including:
- Dodd-Frank gives the SEC greater resources and authority to regulate and prosecute
- The SEC is “back in town” in regulating the security based swap market
- What security-based swaps are and why it matters
- Changes to registration requirements under the Investment Advisers Act for advisers to private funds and others
This session will be of interest to all market participants.
Session 6: Key issues for Corporate Governance and Executive Compensation
3:15 – 3:40 pm EDT
Speakers
Thomas J. Murphy
Andrew C. Liazos
This session will address corporate governance and executive compensation and what clients should know, including:
- Upcoming substantial change to the shareholder voting process
- Key issues to follow in executive compensation and what you should be doing between now and the end of 2010
- Key upcoming rulemakings for corporate governance and executive compensation
This session will be of interest to public companies, corporate managers, private equity, hedge funds and venture capitalists.
Session 7: Impact of Dodd Frank on Special Entities, With a Focus on ERISA Plans
3:45 – 4:00 pm EDT
Speaker
Maureen O’Brien
This session will explore the issues faced by “special entities,” with a focus on Employee Benefits and ERISA plans.
This session will be of interest to financial institutions, derivatives uers, tax professionals, pension managers. investment managers, insurance companies and public utilities
Session 8: How to Participate in Dodd-Frank Rulemaking, Studies and Reports
4:00 pm – 4:15 pm EDT
Speaker
Stephen M. Ryan
This session will describe key tactics to permit you to more successfully participate in Dodd-Frank rulemaking, studies and reports.
This session will be of interest to all market participants.
Program Wrap-Up: 4:15 – 4:30 pm EDT
Speaker
Andrea S. Kramer
For more information, please contact McDermott Events.
