Derivatives Reform: How Regulatory Change Will Impact U.S. Business
The new financial reforms that have recently been signed into law mandate further transparency and changes in how derivatives are traded and settled. With over-the-counter financial instruments now a mainstay for most corporate and government treasury departments, pensions, endowments and foundations, an understanding of what the new law does and does not address is critical for anyone involved in derivatives reporting, valuation, hedging, capital-raising, credit risk assessment and risk management advisory. The impact of these sweeping changes could greatly affect the use of derivatives by institutional investors and their counterparty banks. The changing role of the fiduciary promises increased liability across the board. At the same time, questions about clearing, counterparty risk and collateral management become more important than ever.
If you are affected by these changes, you will want to join AICPA and Investment Governance, Inc. on July 29th, 2010 from 2:00pm – 3:30pm EST for this timely discussion about the new challenges as these unprecedented financial reforms become reality. This Infocast will address service provider due diligence, collateral management, transacting derivatives hedges and enhanced disclosure.
John Hudson of Hudson Consulting Group LLC leads this important discussion with Attorney Matthew Kerfoot (Counsel, Dechert LLP), Mr. David Boberski (Head of OTC Research and New Product Development, CME Group) and Dr. Susan Mangiero (founder of Investment Governance, Inc.) to address:
- How an exchanged cleared trade will differ from the current status quo with respect to collateral management and counterparty risk
- Who is responsible for making sure that fiduciary obligations are properly discharged as relates to risk management activities by the buy side and their asset managers, respectively
- Best practices imperatives when hiring, reviewing and possibly firing funds of funds and consultancies.
Click here to register for this timely and educational event. AICPA members will pay $65.
