PLI New York Center

Why you should attend

The credit crisis has led to the most extensive overhaul of financial regulation since the early 20th century. The reform legislation establishes a comprehensive framework for the regulation of over-the-counter derivatives and the market participants who transact in these products. 

These reforms touch the activities of all participants in the swaps markets. From end users to major swap participants to swap dealers. They will also affect a broad range of market facilities from clearinghouses to exchanges, swap execution facilities and swap data repositories.

These reforms impose registration requirements, mandatory clearing and trading requirements, margin requirements, capital and business conduct standards, and transaction and position reporting, as well as limitations on swap positions.

The reforms also establish new limitations on the scope of derivatives and proprietary trading activities that may be conducted by certain financial institutions.

At this program, our distinguished faculty will provide a comprehensive overview of the new regulatory framework for over-the-counter derivatives and derivatives market participants, and explain how the new regulatory framework will affect these products, the structure of the market  for these products and market participants. The program will also cover documentation issues, and recent developments in tax, accounting and litigation related to derivatives, as well as professional responsibility issues associated with derivatives.

What you will learn

  • A comprehensive analysis of the new regulatory framework for OTC derivatives:
    - Who is required to register and as what?
    - How is cross-border activity covered under the new regulatory framework?
    - What are the new mandatory clearing and trading requirements?
    - What are the new reporting requirements?
    - What are swap execution facilities?
    - Who must be regulated as a swap execution facility?
    - What are the new margin requirements and to whom do they apply?
    - When must swap dealers be registered as futures commission merchants?
    - How will banks and their affiliates be affected by new limitations on derivatives and proprietary trading activities?
    - What are the new position limits applicable to OTC derivatives?
    - What changes have been made to existing insolvency law?
    - How will the amended federal commodity and securities laws affect brokers, advisors and funds transacting in OTC derivatives?
  • Significant issues relating to credit, equity and commodity derivatives
  • Recent litigation developments related to derivatives
  • Tax and accounting developments applicable to derivatives
  • Professional responsibility and derivatives

New York Partner Josh Cohn will co-chair the program speaking as moderator for several panels throughout the seminar. New York Partner Mark Hanchet will also participate as a panelist during a segment entitled, Litigation & Insolvency and Resolution Authority: Netting Opinions; Safe Harbors; Orderly Liquidation.  For more information and to register, please click here.