Anti_Corruption

Event Details:                                                                                                                                                           printer-friendly page

The new financial industry reform’s sweeping legislation will change the structure and regulation of banks and other financial service providers.  The final passage marks a significant overhaul to the financial industry.  In this Knowledge Group Financial Reform LIVE webcast, a panel of distinguished professionals will help you understand the most critical issues which will include:

- A summary and explanation of the most significant changes contained in the legislation.
- The regulation of large banks and other financial institutions – what will change and why.
- Does the proposal really end too big to fail? Why or why not.
- The Consumer Financial Protection Agency. What is it and what will it do.
- National Bank Preemption – what has changed?
- Industrial loan companies and other non-bank banks.
- The new role and powers of the Federal Reserve Board.
- The Council of Regulators. What will it do and who will be effected?
- What should creditors know about the changes in the resolution provisions for financial institutions.
- How does this legislative deal with Hedge funds and private equity funds.
- The Volcker Rule. What is it and what will it do?
- Insurance Companies and Securities Firms – How are they treated?
- Derivatives– How will these contracts be regulated going forward?
- Securitization – How regulation will change
- Fiduciary duties of brokers – How their lives would change

Course Level: Intermediate
Prerequisite: None
Method Of Presentation: Group-Based-Internet
Developer: The Knowledge Group, LLC
Recommended CLE/CPE Hours: 1.75 - 2.0
Important Note: Your State Bar or Accounting Board will make the final determination with respect to continuing education credit. If you are applying for CLE credit in Texas you must register 20 days before the event date or you will not be able to obtain CLE credit.
Advance Preparation: Print and review course materials
Course Code: 103980
Recording Fee: $299 (Please click here for details)
NASBA Sponsor Number: 109004

 

Featured Speakers for The New Financial Industry Reform Legislation: The Benefits and the Costs LIVE Webcast:


Proposed Agenda (click here to view more)
SEGMENT 1:


Raymond Natter , Partner,
Barnett Sivon & Natter

- General background on the legislation and current status.
- Overview of implementation – required regulatory action and examples of effective dates.
- The New Regulatory Framework - Who will be supervising financial institutions and what new    regulatory powers will they have? Role of the Fed as super - regulator.
- Consumer Protection - How will the new consumer protection agency affect your business going    forward.
- Preemption
- Mortgage Lending - New responsibilities and new liabilities for mortgage lenders, both originators    and creditors.
- Risk Retention in securitization of mortgages and definition of “qualified residential mortgage loan.”
SEGMENT 2:


Robert C. Pozen , Chairman,
MFS Investment Management

- There will be a new council to monitor system risk. But what exactly will be deemed an indicator of a    bubble?
- The feds will define large banks and certain non-banks as systemically risky. What are the    implications of getting placed in that category?
- The Volcker rule on proprietary trading and investments passed with many exemptions. What will be    the practical effect of this rule?
- An elaborate compromise was reached on whether derivatives would be traded at the bank level or    in a separate subsidiary of holding company. What will be the practical implications?
- Financial derivatives will generally be traded through a clearing corporation and an exchange. What    are the exemptions for commercial users and their capital implications?

SEGMENT 3:


Charles M. Horn , Partner,
Mayer Brown LLP


- Will Dodd-Frank end “too big to fail”?
- What impact will Dodd-Frank have on financial institution business and compliance costs?
- How will the legislation affect foreign financial services firms doing business in the US? Will the    legislation give these firms a competitive advantage over US firms?
- Does the legislation afford US firms the opportunity to avoid its limitations by “offshoring” their    covered activities?
- In light of the new authority in the legislation for interstate branching, and the changes to federal    preemption, is there any continued value to the federal thrift charter going forward?
- What will be the impact of the legislation on financial institution regulatory capital?
- The new legislation conspicuously does not address the structure and operations of the secondary    mortgage market GSEs. In light of this consideration, among others, will the legislation    meaningfully accomplish the overall objective of managing and reducing systemic risk in the US    financial sector?
SEGMENT 4:


Richard D. Marshall , Partner,
Ropes & Gray

- Impact on the SEC: self-funding and new procedural flexibility
- Registration of hedge funds and private equity funds
- New, higher threshold for SEC advisory registration
- Fiduciary standards for brokers
- Greater oversight of credit rating agencies
- Corporate governance and executive compensation reforms





Barnett Sivon & Natter
Raymond Natter
Partner
speaker bio »»

MFS Investment Management
Robert C. Pozen
Chairman
speaker bio »»

Mayer Brown LLP
Charles M. Horn
Partner
speaker bio »»

Ropes & Gray
Richard D. Marshall
Partner
speaker bio »»

Who Should Attend?

- Executives and Senior Officers of Banks, Thrifts, Credit Unions, and other Financial Institutions
- Financial Industry Analysts
- Attorneys and Consultants for Financial Companies
- Hedge Fund and Private Equity Fund Executives

Why Attend?

This is a must attend event for anyone interested to learn about important updates on the financial reform bill.
    - New guidance explained by the most qualified key leaders & experts
    - Hear directly from key regulators & thought leaders
    - Interact directly with panel during Q&A

Registration Information:                                                                                                                                    


Disclaimer:
Please note, the event date is firm although it may be subject to change. Please click here for details.

 

 

 

 


The New Financial Industry Reform Legislation: The Benefits and the Costs LIVE Webcast

Speaker Firms:










 

The Knowledge Group, LLC is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Website: www.nasba.org


 

We are an approved multi-event sponsor in the state of California. Our provider ID is: 14451. In Texas, Illinois, and Virginia, we submit programs for individual approval in advance. In all other states, once attendance is verified, participants are emailed an official certificate of attendance which they submit to their respective State Bar Associations. Our programs are created with continuing education in mind and are therefore designed to meet the requirements of all State Bar Associations. If you have any questions, please email our CLE coordinator at: info@knowledgecongress.org

Important Note: Your State Bar or Accounting Board will make the final determination with respect to continuing education credit. If you are applying for CLE credit in Texas you must register 20 days before the event date or you will not be able to obtain CLE credit.

Attention New York Attorneys:

This program is approved for CLE credit under New York’s Approved Jurisdiction policy. The Knowledge Group, LLC is an approved sponsor in the state of California, a New York Approved Jurisdiction. This program fulfills the non-traditional format requirement of exceeding 60 minutes in length. Please note only experienced attorneys (more than 2 years) are eligible to receive CLE credit via non-traditional format learning platforms. The Knowledge Group will verify attendance during the webcast via secret words (3 per credit hour) and by auditing attendees log in and log out records. All verification instructions will be provided during the webcast. Once attendance verification requirements have been completed, the attendee will be issued a certificate of attendance be The Knowledge Group for the course with the recommended number of credit hours. The Certificate of Attendance is normally sent via email in 24 hours or less.

To Claim Your CLE Credits:

The attorney should simply include credits earned via Knowledge Group webcasts when computing the total number of CLE credits completed, and keep the Knowledge Group Certificate of Attendance for a period of at least four (4) years in case of audit. An attorney may count towards her/his New York CLE requirement credit earned through the Approved Jurisdiction policy without notifying the CLE Board.

To learn more about New York’s Approved Jurisdiction policy. Please visit: http://www.nycourts.gov/attorneys/cle/approvedjurisdictions.shtml



 
Enrolled Agents Sponsor ID Number: 760

We have entered into an agreement with the Office of Professional Responsibility, Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the Office of Professional Responsibility as to the quality of the program or its contribution to the professional competence of the enrolled individual.