On-Demand   On-Demand Web Programs

Advanced Swaps & Other Derivatives 2013

Released on: Nov. 1, 2013
Running Time: 12:41:37

Running Time Segment Title Faculty Format
[01:06:23] Swaps, Security-Based Swaps and Mixed Swaps: CFTC, SEC and Dodd-Frank Implementation Progress Mary Johannes ~ Senior Director and Head of U.S. Public Policy, ISDA
Don Thompson ~ Managing Director and Associate General Counsel, JPMorgan Chase & Co.
Gary Barnett ~ Director of the Division of Swap Dealer and Intermediary Oversight, U.S. Commodity Futures Trading Commission
Joshua D. Cohn ~ Mayer Brown LLP
James R Burns ~ Deputy Director, Division of Trading and Markets, U.S. Securities and Exchange Commission
Laura Schisgall ~ Managing Director, Global Markets Legal Group Head/AMER, Societe Generale Americas
Sarah Lee ~ Managing Director, Global Head of Regulatory Reform and Fixed Income Derivatives - Legal, Bank of America
On-Demand MP3 MP4
[01:30:04] Clearing and Trading; End-Users; Margin for Cleared and Uncleared Transactions; Client Money Segregation; Default Management Kathryn M. Trkla ~ Foley & Lardner LLP
Michael D. Bopp ~ Gibson, Dunn & Crutcher LLP
William A Curran ~ Executive Director, Morgan Stanley
William Thum ~ Principal, Legal Department, Vanguard
On-Demand MP3 MP4
[01:06:52] Swap Execution, Reporting and Giveup; Cleared and Uncleared Swaps Paul Gottlieb ~ Vice President, Senior counsel, The Depository Trust & Clearing Corporation
Joshua D. Cohn ~ Mayer Brown LLP
Lauren Teigland-Hunt ~ Teigland-Hunt LLP
Christopher L Ramsay ~ Deputy General Counsel, Head of Global Transaction Management, Citadel LLC
Geoffrey B. Goldman ~ Shearman & Sterling LLP
Kathryn M. Trkla ~ Foley & Lardner LLP
On-Demand MP3 MP4
[01:31:07] Swap Dealers and Major Swap Participants: Who Are They and How Will They be Regulated? Reporting, Position Limits, Business Conduct Rules, Capital Richard Ostrander ~ Managing Director, Legal & Compliance, BlackRock
Kenneth M Raisler ~ Sullivan & Cromwell LLP
Gary Barnett ~ Director of the Division of Swap Dealer and Intermediary Oversight, U.S. Commodity Futures Trading Commission
Christine Trent Parker ~ Sullivan & Cromwell LLP
On-Demand MP3 MP4
[00:58:27] Regulation of Other Swap Market Participants under the CEA and Securities Exchange Act of 1934: Clearinghouses, Clearing Members, and the Swap Activities of Banks Gary Barnett ~ Director of the Division of Swap Dealer and Intermediary Oversight, U.S. Commodity Futures Trading Commission
Geoffrey B. Goldman ~ Shearman & Sterling LLP
Kathryn M. Trkla ~ Foley & Lardner LLP
On-Demand MP3 MP4
[01:42:08] Regulation of Swap Market Participants Erik F. Remmler ~ Deputy Director, Registration and Compliance, Division of Swap Dealer and Intermediary Oversight, US Commodity Futures Trading Comm
Jamila Piracci ~ Vice President, OTC Derivatives, National Futures Association
Kevin C. Piccoli ~ Deputy Director, Examinations, Division of Swap Dealer and Intermediary Oversight, U.S. Commodity Futures Trading Commission
Gary Barnett ~ Director of the Division of Swap Dealer and Intermediary Oversight, U.S. Commodity Futures Trading Commission
Douglas E. Harris ~ Managing Director, Promontory Financial Group, LLC
On-Demand MP3 MP4
[00:59:24] Tax and Accounting Mark H. Leeds ~ Mayer Brown LLP
Matthew A. Stevens ~ EY
On-Demand MP3 MP4
[01:02:00] Derivatives and Professional Responsibility Michael S. Sackheim ~ Sidley Austin LLP
On-Demand MP3 MP4
[01:02:07] Principal Issues for Consideration and Negotiation in Derivatives Documentation-Cleared and Uncleared Gary Barnett ~ Director of the Division of Swap Dealer and Intermediary Oversight, U.S. Commodity Futures Trading Commission
David Z Moss ~ Purrington Moody Weil LLP
Noah P. Melnick ~ Linklaters LLP
On-Demand MP3 MP4
[01:33:37] Litigation & Insolvency and Resolution Authority: Netting Opinions; Safe Harbors; Orderly Liquidation Harold S Novikoff ~ Wachtell Lipton Rosen & Katz
Joshua D. Cohn ~ Mayer Brown LLP
R. Penfield Starke ~ Assistant General Counsel, Legal Division, Federal Deposit Insurance Corporation
David Aman ~ Cleary Gottlieb Steen & Hamilton LLP
Locke R. McMurray ~ Jones Day
Jonathan E Pickhardt ~ Quinn Emanuel Urquhart & Sullivan, LLP
On-Demand MP3 MP4

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.  That regulatory framework is now being implemented and its effect are 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 also affect a broad range of market facilities from clearinghouses to exchanges, to newly- conceived swap execution facilities and swap data repositories.

The Dodd-Frank Act imposes 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 legislation also established new limitations on the scope of derivatives and proprietary trading activities that may be conducted by certain financial institutions.

In this program, our distinguished faculty will provide a comprehensive overview of the new regulatory framework for OTC 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 OTC derivatives, as well as professional responsibility issues associated with derivatives.

Lecture Topics  [Total time 012:41:37]

Segments with an asterisk (*) are available only with the purchase of the entire program.

  • Opening Remarks* [00:06:29]
    Gary Barnett, Joshua D. Cohn
  • Swaps, Security-Based Swaps and Mixed Swaps: CFTC, SEC and Dodd-Frank Implementation Progress [01:06:23]
    Gary Barnett, Joshua D. Cohn, Mary Johannes, Sarah Lee, James R. Burns, Laura Schisgall, Don Thompson
  • Clearing and Trading; End-Users; Margin for Cleared and Uncleared Transactions; Client Money Segregation; Default Management [01:30:04]
    Kathryn M. Trkla, Michael D. Bopp, William A. Curran, William Thum
  • Swap Execution, Reporting and Giveup; Cleared and Uncleared Swaps [01:06:52]
    Joshua D. Cohn, Geoffrey B. Goldman, Lauren Teigland-Hunt, Christopher L. Ramsay, Kathryn M. Trkla, Paul Gottlieb
  • Swap Dealers and Major Swap Participants: Who Are They and How Will They be Regulated? Reporting, Position Limits, Business Conduct Rules, Capital [01:31:07]
    Gary Barnett, Richard Ostrander, Kenneth M. Raisler, Christine Trent Parker
  • Regulation of Other Swap Market Participants under the CEA and Securities Exchange Act of 1934: Clearinghouses, Clearing Members, and the Swap Activities of Banks [00:58:27]
    Gary Barnett, Geoffrey B. Goldman, Kathryn M. Trkla
  • Recap and Introduction to Day Two * [00:02:59]
    Gary Barnett, Joshua D. Cohn
  • Regulation of Swap Market Participants [01:42:08]
    Gary Barnett, Douglas E. Harris, Kevin C. Piccoli, Jamila Piracci, Erik F. Remmler
  • Tax and Accounting [00:59:24]
    Mark H. Leeds, Matthew A. Stevens
  • Derivatives and Professional Responsibility [01:02:00]
    Michael S. Sackheim
  • Principal Issues for Consideration and Negotiation in Derivatives Documentation-Cleared and Uncleared [01:02:07]
    Gary Barnett, David Z Moss, Noah P. Melnick
  • Litigation & Insolvency and Resolution Authority: Netting Opinions; Safe Harbors; Orderly Liquidation [01:33:37]
    Joshua D. Cohn, Locke R. McMurray, Harold S. Novikoff, Jonathan E. Pickhardt, R. Penfield Starke, David Aman

The purchase price of this Web Program includes the following articles from the Course Handbook available online:

  • ISDA Response Letter to the Sec: Re: Cross-Border Security-Based Swap Activities— File No. S7–02–13 (August 14, 2013)
    Mary Johannes
  • Regulation of End-User Companies Under the Dodd-Frank Act
    Michael D. Bopp
  • CFTC Mandatory Clearing Rules—June 10 Phase-In Date for Financial Entities (May 16, 2013)
    Curtis A. Doty, Joshua D. Cohn
  • Swap Execution Requirements (August 5, 2013)
    Kathryn M. Trkla
  • Trade Repositories/Swap Data Repositories (July 31, 2013)
    Jeffrey T. Waddle
  • CFTC’s January 1 Business Conduct and Documentation Deadline Eased (December 18, 2012)
    Joshua D. Cohn
  • CFTC Issues Interpretive Guidance Regarding The Cross-Border Application of us Swap Regulations (August 2, 2013)
    Joshua D. Cohn
  • Regulation of Swap Market Participants: Is a Wholly Owned Subsidiary Really a Commodity Pool? (August 15, 2013)
    Rita M. Molesworth
  • Promontory Sightlines in Focus: Clearinghouse Exposures Now Subject to Bank Lending Limits (July 9, 2013)
    Douglas E. Harris
  • Promontory Sightlines Alert: FBOs Win Half the Battle on Swaps (June 7, 2013)
    Douglas E. Harris
  • NFA Swaps Information: Index
    Jamila Piracci
  • Commodity Future Trading Commission, 77 Fed. Reg. 2613 (January 19, 2012) [Vol. 77, No. 12 (Pages 2613–2629)]
    Jamila Piracci
  • Fractional Taxation: IRS Releases Technical Advice Addressing the 10% Securities Rule Applicable to Foreign Bank Branches (June 27, 2013)
    Mark H. Leeds
  • The 7% Solution: Structured Dividend Received Deduction Transactions Face Internal Revenue Service Audit Scrutiny (June 5, 2013)
    Mark H. Leeds
  • Professional Responsibility Issues Under Title VII of the Dodd-Frank Act (July 2013)
    Michael S. Sackheim
  • Documentation for Cleared and Uncleared Derivatives (August 13, 2013)
    Noah P. Melnick
  • Making Sense of ISDA DF Protocols (JULY 31, 2013)
    David Z Moss
  • Special Bankruptcy Code Protections for Derivative and Other Financial Market Transactions (August 13, 2013)
    Harold S. Novikoff
  • ACA Financial Guarantee Corp. v. Goldman, SACHS & CO.: A New Standard for Reasonable Reliance or Temporary Detour?
    Jonathan E. Pickhardt
  • Regulation of Swap Market Participants (PowerPoint)
    Douglas E. Harris

Presentation Material

  • Clearing and Trading; End-Users; Margin for Cleared and Uncleared Transactions; Client Money Segregation; Default Management
    Michael D. Bopp
  • Clearing and Trading; End-Users; Margin for Cleared and Uncleared Transactions; Client Money Segregation; Default Management
    William A. Curran
  • Clearing and Trading; End-Users; Margin for Cleared and Uncleared Transactions; Client Money Segregation; Default Management
    William Thum
  • Clearing and Trading; End-Users; Margin for Cleared and Uncleared Transactions; Client Money Segregation; Default Management
    Kathryn M. Trkla
  • Swap Execution, Reporting and Giveup; Cleared and Uncleared Swaps
    Joshua D. Cohn
  • Swap Execution, Reporting and Giveup; Cleared and Uncleared Swaps
    Geoffrey B. Goldman
  • Swap Execution, Reporting and Giveup; Cleared and Uncleared Swaps
    Lauren Teigland-Hunt
  • Swap Execution, Reporting and Giveup; Cleared and Uncleared Swaps
    Kathryn M. Trkla
  • Swap Execution, Reporting and Giveup; Cleared and Uncleared Swaps
    Jeffrey T. Waddle
  • Regulation of Swap Dealers and Major Swap Participants
    Kenneth M. Raisler
  • Regulation of Other Swap Market Participants under the CEA and Securities Exchange Act of 1934: Clearinghouses, Clearing Members, and the Swap Activities of Banks
    Geoffrey B. Goldman
  • Regulation of Other Swap Market Participants under the CEA and Securities Exchange Act of 1934: Clearinghouses, Clearing Members, and the Swap Activities of Banks
    Kathryn M. Trkla
  • Regulation of Swap Market Participants
    Douglas E. Harris
  • Tax and Accounting
    Mark H. Leeds
  • Tax and Accounting
    Matthew A. Stevens
  • Litigation & Insolvency and Resolution Authority: Netting Opinions; Safe Harbors; Orderly Liquidation
    Locke R. McMurray
  • Practicing Law Institute Advanced Swaps & Other Derivatives 2013 Recent Developments in Litigation October 18, 2013
    Jonathan E. Pickhardt
Co-Chair(s)
Gary Barnett ~ Director of the Division of Swap Dealer and Intermediary Oversight, U.S. Commodity Futures Trading Commission
Joshua D. Cohn ~ Mayer Brown LLP
Speaker(s)
David Aman ~ Cleary Gottlieb Steen & Hamilton LLP
Michael D. Bopp ~ Gibson, Dunn & Crutcher LLP
James R. Burns ~ Deputy Director, Division of Trading and Markets, U.S. Securities and Exchange Commission
William A. Curran ~ Executive Director, Morgan Stanley
Geoffrey B. Goldman ~ Shearman & Sterling LLP
Paul Gottlieb ~ Vice President, Senior counsel, The Depository Trust & Clearing Corporation
Douglas E. Harris ~ Managing Director, Promontory Financial Group, LLC
Mary Johannes ~ Senior Director and Head of U.S. Public Policy, ISDA
Matthew K. Kerfoot ~ Dechert LLP
Sarah Lee ~ Managing Director, Global Head of Regulatory Reform and Fixed Income Derivatives - Legal, Bank of America
Mark H. Leeds ~ Mayer Brown LLP
Locke R. McMurray ~ Jones Day
Noah P. Melnick ~ Linklaters LLP
Rita M. Molesworth ~ Willkie Farr & Gallagher LLP
David Z Moss ~ Purrington Moody Weil LLP
Harold S. Novikoff ~ Wachtell Lipton Rosen & Katz
Amanda Olear ~ Associate Director, Division of Swap Dealer and Intermediary Oversight, U.S. Commodity Futures Trading Commission
Richard Ostrander ~ Managing Director, Legal & Compliance, BlackRock
Christine Trent Parker ~ Sullivan & Cromwell LLP
Kevin C. Piccoli ~ Deputy Director, Examinations, Division of Swap Dealer and Intermediary Oversight, U.S. Commodity Futures Trading Commission
Jonathan E. Pickhardt ~ Quinn Emanuel Urquhart & Sullivan, LLP
Jamila Piracci ~ Vice President, OTC Derivatives, National Futures Association
Kenneth M. Raisler ~ Sullivan & Cromwell LLP
Christopher L. Ramsay ~ Deputy General Counsel, Head of Global Transaction Management, Citadel LLC
Erik F. Remmler ~ Deputy Director, Registration and Compliance, Division of Swap Dealer and Intermediary Oversight, US Commodity Futures Trading Comm
Michael S. Sackheim ~ Sidley Austin LLP
Laura Schisgall ~ Managing Director, Global Markets Legal Group Head/AMER, Societe Generale Americas
R. Penfield Starke ~ Assistant General Counsel, Legal Division, Federal Deposit Insurance Corporation
Lauren Teigland-Hunt ~ Teigland-Hunt LLP
Don Thompson ~ Managing Director and Associate General Counsel, JPMorgan Chase & Co.
William Thum ~ Principal, Legal Department, Vanguard
Kathryn M. Trkla ~ Foley & Lardner LLP

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