transcript   Transcript

The Volcker Rule - Funds

Recorded on: May. 11, 2017
Running Time: 01:13:20

Full Transcript:

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Taken from the Web Program The Volcker Rule 2017: What it Means for Financial Institutions and Markets recorded May, 2017 in New York.

The Volcker Rule - Funds [01:13:20]
  • Relevant definitions: covered fund, an ownership interest, “held as principal”, and sponsorship
  • Exclusions for foreign funds, RICs, securitizations and joint ventures
  • Treatment of securitizations, including CLOs
  • Organization and operation of a permitted fund
  • Extended conformance period for illiquid funds
  • The challenges of restructuring existing funds
  • Secondary opportunities for fund interests
  • Affiliate transactions: Super 23A/23B

Speakers: Phillip S. Gillespie, Yosef Ibrahimi, Satish M. Kini, Michael A. Mazzuchi

The purchase price of this segment includes the following article from the Course Handbook available online:

  • Volcker Rule—Federal Reserve Issues Policy Statement Regarding Volcker Rule Conformance Period Extensions for “Illiquid Funds” (December 13, 2016)
    Camille L. Orme
  • President Trump Takes Initial Steps Aimed at Reshaping Financial Industry Regulation: Executive Order Requires Fundamental Reassessment of Existing Rules; Labor Department to Reexamine its “Fiduciary Rule” (February 4, 2017)
    Camille L. Orme
  • Debevoise & Plimpton LLP, Client Update: Federal Reserve Issues Guidance on Extended Transition Period for Illiquid Funds (December 13, 2016)
    Satish M. Kini
  • Debevoise & Plimpton LLP, Client Update: The Outlook for Financial Regulatory Reform Under President Trump (November 30, 2016)
    Satish M. Kini
  • Materials From Skadden, Arps, Slate, Meagher & Flom LLP
    William J. Sweet
Phillip S Gillespie ~ Executive Vice President and General Counsel, State Street Global Advisors
Yosef Ibrahimi ~ Director , Credit Suisse
Satish M Kini ~ Debevoise & Plimpton LLP
Michael A Mazzuchi ~ Partner, Cleary Gottlieb Steen & Hamilton
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