Nuts & Bolts of Financial Products 2009

Feb. 23 - 24, 2009
PLI New York Center-New York, NY

There has been a major influx of new financial products over the past 10 years. The use of securitization structures soared, then new issuance collapsed with the credit crisis. Credit derivatives continue to expand, but the risks associated with these products suggest that a fundamental change in the associated regulatory framework may result. The introduction of exchange traded funds has brought change to the investment management industry, and now exchange traded notes compete with ETFs. And, most interesting of all has been the packaging of mortgages into CDOs and the attendant subprime mortgage market crisis that demonstrates the difficulty in valuing these assets and understanding how they reallocate risk throughout the markets. Topics discussed will include:

  • The impact of the subprime mortgage market crisis on financial markets
    - The future role of CDOs and similar products in the marketplace
    - The key role of hybrid products in bank capital structures
  • The SEC's new prospectus proposal for mutual funds
  • SEC rule-making regarding exchange traded funds
  • The emergence of exchange traded notes as an asset class
  • The various forms of securitized products
  • How derivatives work
  • How mutual funds and hedge funds are structured
  • The role of the various regulatory agencies

Stuart M. Litwin

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