IFLR, Morrison & Foerster
The federal financial regulatory agencies have agreed to publish
proposed rules that implement the proprietary trading and private fund
sponsorship and investment prohibitions of the Dodd-Frank Act's Volcker
Rule.
Several of the participating agencies have already published the
proposed rules for public comment. The proposed rules can be accessed at http://www.mofo.com/files/Uploads/Images/Volcker%20Rule%20Text.pdf.
In addition to applying the basic restrictions of the Volcker Rule to
covered banking entities, the proposed rules would create a number of
significant regulatory compliance, corporate governance and reporting
obligations for affected financial institutions.
Please join us for our November 21 session, at which we will review the
proposed rules and the consequences for particular trading and fund
activities.
Topics will include:
--Proprietary trading
(i) What is proprietary trading?
(ii) Dealing, underwriting and market-making activities
(iii) Trading in exempted financial instruments
(iv) Impact on derivatives, securitizations and structured finance
activities
(v) Permitted hedging and customer trading activities
--Private equity and hedge funds
(i) Scope of sponsored funds prohibitions
(ii) Exempted fund activities
--Impact on foreign bank trading and fund activities
--Conflicts of interest and "high risk" activities
--Compliance, governance and reporting requirements
Speakers:
Lukas Becker, IFLR
Oliver Ireland - Morrison & Foerster, Washington, DC
Charles Horn - Morrison & Foerster, Washington, DC