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Banking

Last Year

From the program: New Developments in Securitization 2012

Released on: Dec. 14, 2012

As the securitization world begins to emerge from the financial crisis, it faces an onslaught of new regulation and uncertainty.  Many transactions have been downgraded and have suffered unforeseeable losses.  Additionally, investor confidence in structured products has been badly shaken.  Moreover, many transactions have been subject to restructurings and litigation of various types.  Will these reforms be sufficient to restore ...

From the program: Banking Law Institute 2012

Released on: Dec. 19, 2012

The banking industry is in the midst of a fundamental transformation of the regulatory framework in which it operates, as well as a shifting of regulatory and enforcement priorities and approaches. These changes, taking place in an environment of continuing global economic challenges, require bankers and counsel who practice in the financial services industry to reexamine basic assumptions about business operations and future trends. With changing ...

Recorded on: Dec. 17, 2012

LEE A. MEYERSON: As I mentioned at the beginning of this conference, at one point within living memory, this conference was actually the bank M&A conference. Bank M&A has now been reduced to a 45-minute panel with three panelists. But I'm sure some day it's all going to change, and we'll stop talking about enforcement actions and start talking about doing deals. We have three of the leading market players in such bank M&A as there is. ...

Released on: Dec. 6, 2012

Taken from the briefing London Investment Company Act Equity Procedures 2012 recorded November, 2012. The Forum for U.S. Securities Lawyers in London () has recently launched the London Equity Procedures 2012 (the “Procedures”), which include a menu of procedures and considerations to be used by issuers in the London market taking advantage of the Section 3(c)(7) exemption under the Investment Company Act of 1940 for equity securities.  ...

Recorded on: Dec. 6, 2012

SPEAKER: And this first panel is going to be an overview of many of the different regulatory issues. Chairing the panel is Tom Deutsch, who's the executive director of the American Securitization Forum. To Tom's right is Larry Rubenstein, who's general counsel of Wells Fargo Asset Securities Corporation, as well as the Capital Markets Managing Counsel and head of Residential Mortgage Finance Legal Group for Wells Fargo. And to Larry's right is Scott ...

Recorded on: Dec. 6, 2012

PATRICK T. QUINN: OK, welcome back. We're ready to start our second panel. As I mentioned this morning, in a year where regulatory activity across the securitization markets was a little lighter than expected-- the derivatives markets are certainly an exception. There's been quite a bit of regulatory activity, and that's going to be the subject of this upcoming panel. Let me introduce to my right, Jeff Robins. Jeff is my partner at Cadwalader. To ...

Recorded on: Dec. 6, 2012

PATRICK QUINN: Is is a panel on risk retention in contrast to the previous panel on derivatives where there was a tremendous amount of a current regulatory activity and a lot to digest. There hasn't been a tremendous amount of activity on the risk retention front in 2012, although obviously there's still lots and lots to talk about. So let me just introduce the panel. To my right Lewis Cohen, a partner in the New York office of Clifford Chance. To ...

Recorded on: Dec. 6, 2012

PATRICK T. QUINN: So we're going to keep moving right along. The next panel covers litigation in the securitization space. I was observing to another panelist that we'll know that the securitization markets have sort of gotten back to normal when there's not as much to say on panels like this. Although we'll still invite these guys to talk. To my right, Susan DiCicco is a partner in Bingham Securities Litigation Group. And to Susan's right, James ...

Released on: Dec. 3, 2012

Taken from the briefing LIBOR Scandal: Update on Current Litigation and Other Consequences for the Financial Industry (Audio-only) recorded November, 2012. Headlines continue to break as the LIBOR bid-rigging scandal unfolds, with civil suits and criminal charges quickly following.  A wide range of plaintiffs are attempting to bring class action lawsuits against financial industry participants on this issue.  Significant questions ...

From the program: Advanced Swaps & Other Derivatives 2012

Released on: Oct. 31, 2012

The Dodd-Frank Act establishes a novel, comprehensive framework for the regulation of over-the-counter (OTC) derivatives and the market participants who transact in these products. The far-reaching effect of the Dodd-Frank Act upon the OTC markets is only now becoming clear. The new regulatory regime touches the activities of all participants in the swaps markets, from end users to major swap participants to swap dealers. The new regulations will ...

From the program: Fundamentals of Swaps & Other Derivatives 2012

Released on: Oct. 29, 2012

Over-the-counter (OTC) derivatives are key elements in many of our financial markets. The Dodd-Frank Act is substantially changing how these important instruments are regulated and transacted. This program will introduce you to both the instruments and their new environment. A derivative is a financial instrument that allocates the risks and price exposures associated with a designated reference asset or entity between the parties thereto. Derivatives ...

Released on: Nov. 1, 2012

Taken from the briefing FATCA: The Deadline Looms... Will You Be Ready? recorded October, 2012. In the wake of the massive criminal tax prosecutions of UBS and other foreign firms by the Department of Justice in the late 2000s, Congress enacted FATCA to combat tax evasion by U.S. persons and to deter the facilitation of tax evasion by foreign financial institutions (“FFIs”).  To achieve these goals, FATCA requires that foreign ...

Released on: Oct. 24, 2012

Taken from the briefing Stranger in a Strange Land: CFPB and DOJ Bring Non-Mortgage Products into the Fair and Responsible Lending Fold recorded October, 2012. Regulators have long patrolled residential mortgage lending data for compliance with fair lending laws - principally the Fair Housing Act and the Equal Credit Opportunity Act - and “responsible” banking practices, generally meaning practices that are not unfair, deceptive, or ...

Recorded on: Oct. 24, 2012

AMY TAUB: Greetings. My name is Amy Taub, and I am a program attorney with PLI. I would like to welcome to today's briefing, "Stranger in a Strange Land, CFPB and DOJ Bring Nonmortgage Products Into the Fair and Responsible Lending Fold." Before we begin, I have some administrative announcements. This briefing will be one hour in length. Please feel free to send questions at any time during the briefing. Please remember that you have access ...

Recorded on: Oct. 19, 2012

Taken from the Web Program Pocket MBA Fall 2012 Recorded October, 2012 in New York Closing Business Transactions [01:01:32] A detailed look at negotiation How to divide-and-conquer when working with an investment bank Common stumbling blocks to closing transactions Examination of “fringe” deal issues that often create transaction friction Non-disclosure agreements from the banker’s perspective Letters ...

Recorded on: Oct. 16, 2012

EWA KNAPIK: Hello, again. At this time, I would like to introduce our last panel of today. This is the Closing Business Transactions panel. And it is my pleasure to introduce our speakers. Both of them are founder and senior managing directors of Pharus Advisors. Michael Goodman is, as I said, the founder and senior managing director. His experience includes significant operational experience in technology companies, M&A and deal making from ...

Released on: Oct. 3, 2012

Taken from the briefing Mobile Payments Compliance: Unique Disclosure, Advertising, and Money Transmission Issues recorded September, 2012. There has been considerable growth in the mobile payment space over the last year or so.  This One-Hour Briefing panel will examine unique compliance issues for those involved in mobile payments and will explore a number of compliance issues associated with meeting the requirements of various consumer ...

From the program: Ethics in Banking and Financial Services 2012

Released on: Aug. 14, 2012

Lecture Topics  [Total time 02:43:28] Segments with an asterisk (*) are available only with the purchase of the entire program. Ethics in Banking and Financial Services 2012  [02:43:28] C. Evan Stewart, Michael J. Dell, Stacey R. Friedman The purchase price of this Web Program includes the following articles from the Course Handbook available online: New York Rules of Professional Conduct Do's and Don'ts of ...

Released on: Aug. 30, 2012

Taken from the briefing Hello World: The CFPB - One Year Later recorded August, 2012. Among the most significant changes wrought by the 2010 Dodd-Frank Act was the creation of the Bureau of Consumer Financial Protection to protect consumers and regulate financial products offered by the nation’s financial institutions.  A year has passed since the Bureau opened its doors and much has been accomplished by the agency, with additional ...

Released on: Aug. 13, 2012

Taken from the briefing Swaps Regulation: CFTC's Proposed Dodd-Frank Extraterritoriality Guidance and Implementation Schedule recorded July, 2012. On June 29 the CFTC unveiled its proposed position on extraterritorial application of much of its Dodd-Frank regulation of swaps.  The CFTC is taking an aggressive view of the extraterritorial scope of its jurisdiction - a view likely to have an unsettling effect on non-U.S. persons potentially ...

Released on: Aug. 9, 2012

Taken from the briefing From False Claims Act to FIRREA: The Government's Expanding Enforcement Arsenal Against Financial Institutions 2012 recorded July, 2012. In its pursuit of financial fraud, the Department of Justice has recently "rediscovered" civil enforcement statutes that have not traditionally been applied in the context of financial fraud, particularly the False Claims Act, FIRREA, and the Fraud Injunction Statute. Listen ...

Released on: Jul. 25, 2012

Taken from the briefing Financial Institution Planning and Compliance Under Dodd-Frank: Putting the Pieces Together recorded July, 2012. The Dodd-Frank Act calls on banks to put in place new risk management regimes, conduct stress tests, and submit plans in several areas, including capital, liquidity, resolution planning, and compliance with the Volcker Rule.  The regulators have begun to understand how these requirements relate, and ...

Released on: Jul. 17, 2012

Taken from the briefing A Capital Idea? Proposed Changes to the U.S. Regulatory Capital Framework recorded July, 2012. On June 12, 2012, the Federal banking agencies formally proposed for comment, in three separate but related proposals, significant changes to the U.S. regulatory capital framework: the Basel III Proposal, which applies the Basel III capital framework to almost all U.S. banking organizations; the Standardized Approach Proposal, ...

From the program: Negotiating Real Estate Deals 2012

Released on: Jun. 19, 2012

Do you know the best negotiating strategies in the current real estate market? What are the “hot buttons” for seller, buyer and lender requirements? What are the factors and legal issues you should analyze with respect to investing in distressed real estate situations including purchasing defaulted loans. How do the characteristics of a property and the structuring of the acquisition fit with the current underwriting criteria of lenders? ...

Released on: Jul. 12, 2012

Taken from the briefing Insurance Group Solvency Supervision: Proposed Enhancements 2012 recorded June, 2012. Regulators in the U.S. and internationally have been working on ways to enhance oversight of insurance groups that include both regulated insurance entities and non-regulated entities.  These efforts are in response to the perceived gaps in regulation of financial groups identified from the 2008 financial crisis and in the International ...