IFLR

Derivatives and cross border issues Morrison & Foerster, ING and IFLR Seven years after the onset of the financial crisis, and five years after the Dodd-Frank Act was passed, derivatives reform continues to be a hot – and unresolved – topic.

In this webinar, the speakers will provide an update regarding recent actions by the CFTC and SEC with respect to derivatives, and discuss a number of derivatives and cross border issues. Topics include:

-Proposed Form TO relief
- Forwards with embedded volumetric optionality;
-CFTC no-action relief and guidance for swap execution facilities;
-Uncleared swaps margin rules;
-Status of cross border harmonisation; and
-SEC’s cross border proposal and reporting rules.

Confirmed speakers include:
- Julian Hammar, Morrison & Foerster;
- James Schwartz, Morrison & Foerster;
- Gary Kalbaugh, ING Financial Markets;
- Danielle Myles, IFLR (moderator)
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Jun 17 2015
91 mins
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  • Seven years after the onset of the financial crisis, and five years after the Dodd-Frank Act was passed, derivatives reform continues to be a hot – and unresolved – topic.

    In this webinar, the speakers will provide an update regarding recent actions by the CFTC and SEC with respect to derivatives, and discuss a number of derivatives and cross border issues. Topics include:

    -Proposed Form TO relief
    - Forwards with embedded volumetric optionality;
    -CFTC no-action relief and guidance for swap execution facilities;
    -Uncleared swaps margin rules;
    -Status of cross border harmonisation; and
    -SEC’s cross border proposal and reporting rules.

    Confirmed speakers include:
    - Julian Hammar, Morrison & Foerster;
    - James Schwartz, Morrison & Foerster;
    - Gary Kalbaugh, ING Financial Markets;
    - Danielle Myles, IFLR (moderator)
  • The Financial Conduct Authority's new competition powers and an enforcement focus on wholesale banking are important issues for many financial institutions in the UK. IFLR and Shearman & Sterling presents this discussion on key topics:
    • The enhanced self-reporting obligation in respect of potential competition law infringements;
    • FCA’s ability to switch between its FSMA and competition enforcement powers;
    • Flow of information between the FCA and other regulators (including the EU Commission);
    • Choice of FSMA vs Enterprise Act market studies;
    • FCA’s ability to resolve issues itself vs make a reference to the CMA;
    • Likelihood of FCA Competition Act cases; and
    • Civil litigation implications.
  • The adoption in the US and abroad of new liquidity requirements have had a significant impact on financial institutions. The liquidity coverage ratio and the proposed net stable funding ratio, as well as the emphasis in the US on wholesale funding have caused financial institutions to place increased focus on the maturities of their assets and liabilities.

    Issues addressed will include:

    •Why are regulators concerned about liquidity?;
    •The liquidity coverage ratio rules;
    •Net stable funding proposal;
    •Effect of relying on wholesale funding; and
    •What are institutions doing to address these requirements?
  • IFLR Women in Business Law Group members are invited to join a webinar on unconscious bias. Topics include:
    *Understanding what unconscious bias is and explore causes and effects
    * Stereotype threat and organisational bias: concepts to understand in the workplace
    * Exploring implications for women working in law
    * Techniques for anticipating and mitigating the risks

    The webinar will be led by Harish Bhayani, founder and senior partner of PRM Diversity Consultants www.prmdiversityconsultants.co.uk. Harish, a former Big Four consultancy Practice Leader, has specialised as a diversity consultant, trainer and researcher since 2001. His expertise is grounded in some 20 years of prior experience working in large corporations, developing leading edge initiatives in unconscious bias. He is a trustee at homelessness charity Crisis a member of the Diversity Working Group at the CIPR and a volunteer business adviser at the charity Young Enterprise.
  • The past decade has seen enormous growth in foreign investment within the Middle East. It has been accompanied by great opportunities but also new challenges for businesses in the region.

    With continuing economic instability plaguing traditional markets, The Middle East remains a focus for many businesses and international investors. For newcomers to the market, however, the complexities of setting up and continuing business in the region are a significant barrier to entry.

    In this webinar partners from Al Tamimi & Company, the largest law firm in the Middle East region, will provide listeners with a practical in-depth guide to some of the common issues and pitfalls of dealing with the unfamiliar laws, regulations and differing cultural contexts in the region.

    Our speakers will cover:

    •Investment restrictions
    •Key issues to consider when doing M&A in the Middle East
    •Merger control legislation
    •Legal structures for new businesses
    •Setting up in Free Zones
    •The current investment environment – M&A and capital markets
  • The Bank Recovery and Resolution Directive (BRRD) has now been adopted in the EU and most of its provisions were required to become effective in member states as from January 1 2015.

    The BRRD harmonises the range of resolution tools available to supervisory authorities in the EU in the event of the failure of major financial institutions. A key cornerstone of the new legislation is the introduction of a new “bail-in” power available to regulatory authorities enabling them to require the write-down or conversion into equity of a wide range of unsecured senior debt as part of the resolution of a failing institution. Uncertainty remains as to the full extent of the bail-in powers and the range of instruments it is likely to apply to and finalised guidance and rulemaking is still awaited on various issues during the course of 2015.

    We will consider the scope of the bail-in power and how it might be applied in practice, as well as discussing how this might affect the structuring of financial instruments issued by banks and the possible attitudes of investors in bank liabilities.

    Speakers:
    - Jeremy Jennings-Mares, Morrison & Foerster
    - Isaac Alonso, Unicredit
    - Danielle Myles, IFLR (moderator)
  • Once again, many issuers are considering liability management alternatives, including open market repurchases, debt-equity swaps, and tender and exchange offers. Recently issued no-action letter relief may provide issuers and their advisers with greater flexibility for tender offers for non-convertible debt securities, including non-investment grade debt securities. We will discuss the conditions for such relief. Also, we will review recent court decisions involving the application of the Trust Indenture Act in the context of liability management transactions.

    Our speakers will cover:
    • Disclosure issues;
    • Concerns regarding material non-public information;
    • The tender offer rules;
    • No-action letter relief for non-convertible debt securities;
    • Recent court decisions
    • Accounting considerations;
    • Tax considerations.
  • Alternative payment options, including mobile payments and virtual currencies, are gaining traction among consumers. Smartphones and other mobile devices are increasingly used to make payments to businesses and other consumers. Banks and non-bank providers of payment services that seek to innovate in the mobile space are well served by considering the vast regulatory regime that applies to consumer payments.

    Virtual currencies also introduce legal considerations for banks and other entities active in the space. For example, anonymity – viewed as central by some to virtual currency transactions – creates particular challenges, such as the risk of money laundering, for banks and other regulated entities (eg non-bank money transmitters).

    This webinar will provide an overview of the legal issues related to mobile payments and virtual currencies, highlighting trends in the market and related regulatory developments.

    Speakers:
    - Obrea Poindexter, Morrison & Foerster
    - Jeremy Mandell, Morrison & Foerster
    - Danielle Myles, IFLR (moderator)
  • Attributes that make a good leader
    Leadership styles
    Preparing for a leadership role
    Engaging mentors to aid you in your journey as a leader
    Tracking your progress
  • Over four years have passed since enactment of the Dodd-Frank Act in the US. Most of the significant regulations required to implement the mandate of the Act have been finalized. But the devil is in the details….

    Implementation of many of the final rules is only just beginning. During this webcast, the speakers will review the principal actions taken by the banking agencies and other US regulators during 2014, with a special focus on those measures having greatest impact on non-US banks doing business in the country.

    We also will focus on the thorniest implementation questions and highlight the regulations that must still be finalized. The speakers will address:

    •The Volcker Rule and related implementation questions,
    •Treatment of covered funds under the Volcker Rule,
    •The final capital rules for US banks and the intermediate holding company framework for foreign banks,
    •The cross-border derivatives rules,
    •The regulation of mortgage loan origination and securitisation, and
    •What’s next.

    Speakers:
    Oliver Ireland, Morrison & Foerster
    Kenneth Kohler, Morrison & Foerster
    James Schwartz, Morrison & Foerster
    Gary E Kalbaugh, ING Financial Holdings
    Tom Young, IFLR

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