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Volcker Rule Demystified
   LIVE Webcast  

 


Event Details:                                                                                                                                                          

The controversial Volcker Rule which limits banks’ trading activity with their own funds remains a topic of high interest for finance companies. The complexities and potential impact of the rule triggered federal agencies to extend comment period in January. With the rule to take effect later in the year, finance companies need to overhaul their investment model now to avoid potential catastrophic penalties.

A panel of key experts and thought leaders is being assembled by The Knowledge Group to provide companies with comprehensive information regarding this significant topic. In a two-hour live webcast, our experts will examine the substantive provisions of this rule as well as its impact in the financial industry. In addition to regulatory updates, speakers will also provide practical guidance on how to comply right now. A live interaction with the speakers is also included in this event.

Course Level: Intermediate
Prerequisite: None
Method Of Presentation: Group-Based-Internet
Developer: The Knowledge Group, LLC
Recommended CLE/CPE Hours: 1.75 - 2.0
Advance Preparation: Print and review course materials
Course Code: 124261
Course Fee: $299 (Please click here for details)

 

Featured Speakers for Volcker Rule Demystified LIVE Webcast :


Agenda  (click here to view more)
SEGMENT 1:
Arthur S. Long, Partner,
Davis Polk & Wardwell LLP

  • 1. Overview of proprietary trading prohibitions and principal exceptions
  • 2. General themes of the public comments on the proprietary trading prohibition, and what they mean for the final rule
  • 3. Conformance strategies given that the statute is effective on July 21, and the final rule may be finalized only close to that date


SEGMENT 2:
Kim Olson, Principal,
Deloitte & Touche LLP

The Volcker Rule, as proposed, would require banking entities to develop programmatic compliance regimes aimed at proving that prohibited activities have not been disguised as permitted trading (such as market-making/ underwriting). While the final rule has not been issued and the proposed requirements may change, distinguishing proprietary activities from permitted is challenging because both can evidence similar characteristics. Some of the practical challenges in operationalizing the Volcker Rule include:
  • 1. Identifying the universe of covered transactions, determining the trading unity level and systematically applying exemption criteria
  • 2. Applying the quantitative metrics at the trading unit level
  • 3. Establishing a comprehensive compliance regime to corroborate that trading activities are permissible


SEGMENT 3:
Adam Gale, Counsel,
Chadbourne & Parke LLP

  • 1. Overview of prohibition on sponsoring and investing in hedge funds and private equity funds
  • 2. Issues relating to the fund prohibition under the proposed rules and comment letters
  • 3. How the fund prohibition affects other types of transactions, such as project finance tax equity transactions


SEGMENT 4:
Marilyn Selby Okoshi, Partner, Financial Services Practice,
Katten Muchin Rosenman LLP

  • 1. prohibitions on private equity/hedge fund investments and sponsorship on foreign banks,
  • 2. implications of Super 23A to asset management businesses and prime brokerage exception
  • 3. what is "solely outside the U.S." and problems with the definition
  • 4. implications for structuring for bank affiliated managers.




Davis Polk & Wardwell LLP
Arthur S. Long
Partner
speaker bio »»

Deloitte & Touche LLP
Kim Olson
Principal
speaker bio »»

Chadbourne & Parke LLP
Adam Gale
Counsel
speaker bio »»

Katten Muchin Rosenman LLP
Marilyn Selby Okoshi
Partner, Financial Services Practice
speaker bio »»



Who Should Attend?

- Bank Regulators
- Bank Presidents
- Bank Owner/Executives
- Financial Institutions' Executives
- Bank Supervisors
- Compliance Officers
- CFOs
- CEOs
- Investors
- Chief Risk Officers
- Banking Regulation Lawyers
- Banking Lawyers & Consultants
- Finance Lawyers
- Senior Management
- And other related professionals

Why Attend?

This is a must attend for all fiancé professions who need to be in the know with respect to The Volker Rule.

- Detailed guidance explained by the most qualified key leaders & experts
- Hear directly from key regulators & thought leaders
- Interact directly with panel during Q&A

Please click the “Register” button below to enroll in this course today. We recommend advanced registration as space is limited. Significant discounts apply for early registrants.

Registration Information:                                                                                                                                    


Disclaimer:
Please note, the event date is firm although it may be subject to change. Please click here for details.
The Knowledge Group, LLC is producing this event for information purposes only. We do not intend to provide or offer business advice. The contents of this event are based upon the opinions of our speakers. The Knowledge Congress does not warrant their accuracy and completeness. The statements made by them are based on their independent opinions and does not necessarily reflect that of The Knowledge Congress' views. In no event shall The Knowledge Congress be liable to any person or business entity for any special, direct, indirect, punitive, incidental or consequential damages as a result of any information gathered from this webcast.

 

 

 

 

 

 

 

 

 

 

 

 


Volcker Rule Demystified
LIVE Webcast

Event Sponsors / Speaker Firms:




Davis Polk has one of the preeminent Financial Institutions practices in the United States, and its FIG group is at the forefront of advising on Dodd-Frank implementation matters. Davis Polk has been engaged as principal outside counsel for this work by all six of the largest U.S. banking organizations, the Securities Industry and Financial Markets Association (SIFMA), many of the largest foreign banks with operations in the United States, as well as other financial institutions.




Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms, and their respective subsidiaries and affiliates. Deloitte Touche Tohmatsu is an organization of member firms around the world devoted to excellence in providing professional services and advice, focused on client service through a global strategy executed locally in nearly 150 countries. With access to the deep intellectual capital of 169,000 people worldwide, Deloitte delivers services in the following professional areas – audit, consulting, financial advisory risk management and tax services – and serves more than one-half of the world’s largest companies, as well as large national enterprises, public institutions, locally important clients, and successful, fast-growing global growth companies.




Chadbourne & Parke LLP is an international law firm with 13 offices around the world. Since its founding in 1902, Chadbourne has been dedicated to providing practical business solutions to a diverse range of clients in virtually all areas of law, emphasizing private equity and hedge fund formation, regulatory and compliance, M&A, corporate/corporate finance, U.S. and international tax, bankruptcy and financial restructuring, energy/renewable energy, project finance, insurance/reinsurance, intellectual property, commercial and product liability litigation, securities litigation and regulatory enforcement, antitrust, real estate and communications/technology. In addition to the U.S. and North America, major geographical areas of concentration include Latin America, Western Europe, Central and Eastern Europe, Russia and the Middle East.




Katten Muchin Rosenman LLP is a full-service law firm with 600 attorneys in offices across the United States and in Shanghai and an affiliate in London. Katten offers an extensive range of legal services across numerous industries, with core corporate, financial services, litigation, real estate, commercial finance, intellectual property and trusts and estates practices. Its Financial Services Practice represents many of the world’s premier hedge funds, CTAs, proprietary trading firms, FCMs, money managers, major investment and commercial banks, clearing corporations, derivatives dealers, family offices, insurance companies, investors and several international exchanges. Katten's attorneys are at the leading edge of the global marketplace and are well versed in the latest developments in the industry.




 

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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.

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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.

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