The Fordham Journal of Corporate & Financial Law (FJCFL) and the Fordham Corporate Law Center are proud to announce that this year’s annual FJCFL symposium will be titled “Regulation of Over-the-Counter Derivatives” and will take place on Monday, February 13th, 2012 at 113 West 60th Street, Lowenstein Building, 12th Floor Lounge.
This year’s symposium, titled “Regulation of Over-the-Counter Derivatives”, will examine the new regulations imposed on OTC derivatives in light of the Dodd-Frank Act. Specifically, it will examine the efforts of the SEC, the CFTC and other regulatory agencies to eliminate bilateral derivatives trading and move derivatives trading onto centralized clearinghouses and exchanges. Prior to the Dodd-Frank Act, the OTC market developed largely free of regulation. Title VII of Dodd-Frank aims to change the operation of the derivatives markets and the regulation of market participants in a significant way. The main goal of the new regulations is to centralize counterparty credit risk. This will be achieved through the establishment of centralized clearinghouses for derivatives trading, or moving the derivatives trading onto exchanges, where the risk can be supervised and managed. The primary goal of the legislation is to increase the transparency and efficiency of the OTC derivatives market and to reduce the potential for counterparty and systemic risk by eliminating, or at least minimizing, bilateral trading in favor of centralization. The benefits and drawbacks to this new legislation will be discussed and examined at the symposium by leading academics and practitioners with extensive knowledge of the derivatives market.
The speakers for the symposium will be:
Professor Jeffrey Golden, Visiting Professor, London School of Economics
Professor Michael Greenberger, University of Maryland School of Law
Dr. Sharon Brown-Hruska, NERA
Professor Craig Pirrong, University of Houston
M. Holland West, Partner, Dechert LLP
John Williams, Partner, Allen & Overy
Keynote address to be delivered by:
Conrad Voldstad, CEO of the ISDA
The Symposium is to be moderated by:
Professor Sean J. Griffith, Fordham University, T.J. Maloney Chair in Business Law
The agenda for the day will be as follows (subject to change):
9:00-9:30: Keynote Address/Opening Remarks
9:30-10:45: Topic 1: Solving the Problem of Systemic Risk: Mandatory Clearing and Other Approaches
11:00-12:15: Topic 2: Ownership and Governance of Clearing Agencies
12:15-12:30: Question & Answer Session
Check back soon for sign-up and CLE information.