On August 11, 2009, the Obama Administration delivered proposed legislation to Congress focused on regulatory reform for OTC derivatives. Consistent with the Treasury Department white paper, "Financial Regulatory Reform: A New Foundation," the legislation would provide for regulation and transparency for all OTC derivative transactions, prudential and business conduct regulation of all OTC derivative dealers and other major market participants, and expanded regulatory and enforcement tools.
Please join Mayer Brown structured finance attorney Paul Forrester for our next 30-minute teleconference where we will provide an update of the proposed legislative and regulatory changes.
Of Related Interest
OTC Derivatives: In the Crosshairs of Regulatory Change, Part II
June 18, 2009
Mayer Brown's Global Financial Markets Initiative helps clients deal with the legal and business challenges resulting from the ongoing turbulence in worldwide financial markets. By mobilizing the firm's global resources from multiple practices and offices, the Initiative provides clients with knowledgeable and timely counsel on a broad spectrum of their legal needs.