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
Raymond Natter
Partner
MFS Investment Management
Robert C. Pozen
Chairman
Charles M. Horn
Partner
Richard D. Marshall
Partner
- 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?
- 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
- 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.”
- 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?
- 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
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