Dodd-Frank 2013 - Countdown to Corporate Compliance

 
 
 

Understanding the implications of Dodd-Frank remains a top priority for corporates.  While the Dodd-Frank Act holds swap dealers responsible for reporting over-the-counter derivative trades to swap data repositories, corporate end-users will need to satisfy certain requirements including reporting of inter-affiliate swaps, portfolio reconciliation requirements, and position limit reporting for certain commodities. Corporations need to be mindful of these requirements and take action.

During this webinar, we will cover these critical points and how to address them:

  • Credit Support Annex (CSAs) and Collateral
  • End-User Clearing Exemption Proofs and Reporting
  • SDR Reporting and Inter-affiliate Swaps
  • Business Conduct and Confirmation and Portfolio Reconciliation
  • Position Limits for Certain Commodities

Speakers:


Allison Lurton
Of Counsel, Covington & Burling LLP

Allison Lurton is of counsel in the Washington, DC office and practices in the firm’s energy industry, corporate, and white collar groups with a focus on advising clients on the financial regulation reforms to be implemented and enforced by the CFTC as a result of the Dodd-Frank Wall Street Reform and Consumer Protection Act. Since joining Covington in the fall of 2010, Ms. Lurton has advised financial institutions, trade associations, energy firms, and pension funds on the emerging derivatives regulatory framework.

Prior to joining Covington, Ms. Lurton was senior counsel at the U.S. Commodity Futures Trading Commission (CFTC). During her seven years at the CFTC, Ms. Lurton gained extensive experience in both the regulation and enforcement of energy and other derivative markets. As Senior Counsel to Commissioner Scott O’Malia, and previously counsel to Chairman Gensler and Acting Chairmen Lukkenand Dunn, she was significantly involved in a wide range of CFTC policy and regulatory matters, including the CFTC’s activities related to the financial reform legislation. From 2003-2007, Ms. Lurton served as a Trial Attorney, rising to Chief Trial Attorney for the CFTC’s Division of Enforcement and handled a range of matters involving the energy industry.

Julian Hammar
Of Counsel, Covington & Burling LLP

Julian Hammar is special counsel in the Washington, DC office and practices in the firm’s corporate, securities, and energy regulation groups.

Prior to joining Covington, Mr. Hammar was Assistant General Counsel at the Commodity Futures Trading Commission (“CFTC”), Office of the General Counsel.  During his thirteen years at the CFTC, Mr. Hammar most recently drafted regulations to further define key terms including “swap,” “security-based swap,” and “security-based swap agreement,” under the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank Act”).  He also assisted in drafting other Dodd-Frank Act regulations, including the Entity Definitions (rules to further define such terms as “swap dealer,” “major swap participant,” and “eligible contract participant”), commodity options, and the Volcker Rule.  In addition to rulemaking, Mr. Hammar was a member of the CFTC’s legislative drafting team that drafted the derivatives title of the Administration’s legislative proposal for derivatives regulation that eventually was enacted into law as Title VII of the Dodd Frank Act.

Krishnan Iyengar
Vice President, Global Solutions, Reval

Mr. Iyengar is the Vice President of Global Solutions, Reval as well as the Chairman of the Hedge Accounting Technical Taskforce at Reval. He has published numerous articles in leading treasury publications including Treasury Management International (TMI) and is a frequent speaker at conferences. Prior to joining Reval, Mr. Iyengar worked in the National Risk & Quality Group at PricewaterhouseCoopers LLP and as a marketer on the derivative sales desk at Wells Fargo Bank, N.A. Mr. Iyengar holds a Bachelor of Arts and an MBA in Finance and Accounting from Rutgers University.

Pat Trozzo
Vice President, Product Management, Reval

Mr. Trozzo is the Vice President of Product Development and has 29 years of strategic planning, operations and compliance experience in derivatives market making. He has consulted on interest rate products for an Asian futures exchange; operations and compliance for a fixed income broker/dealer; and strategic business planning for an India-based investment bank. Previously he was a Managing Director at The Carlyle Group, Senior Advisor at of Cerberus Capital Management, and a portfolio manager in alternative investments in the fixed income and foreign exchange markets for Cape Capital Management, a firm he co-founded. He also served as head of trading and market risk management in the fixed income and foreign currency derivative markets for West LB, Deutsche Bank, DKB Financial Products, and Security Pacific Bank. He holds a BBA from Pace University and an MBA from New York University.

AboutReval

Reval is a leading, global Software-as-a-Service (SaaS) provider of comprehensive and integrated Treasury and Risk Management (TRM) solutions. Our cloud-based software and related offerings enable enterprises to better manage cash, liquidity and financial risk, and includes specialized capabilities to account for and report on complex financial instruments and hedging activities. The scope and timeliness of the data and analytics we provide allow chief financial officers, treasurers and finance managers to operate more confidently in an increasingly complex and volatile global business environment. Using Reval, companies can optimize treasury and risk management activities across the enterprise for greater operational efficiency, security, control and compliance. Founded in 1999, Reval is headquartered in New York with regional centers across North America, EMEA and Asia Pacific. For more information, please visit www.reval.com or email info@reval.com.

This course offers one (1) CPE credit (for Accounting). Certificates of Completion are available upon request.