Corporate end users and Title VII of Dodd-Frank

What you need to know about the new derivatives regulations

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Virtually all sectors of the economy will be affected by new Dodd-Frank regulations. Title VII contains broad regulations for over-the-counter (OTC) derivatives that will impact tens of thousands of businesses.

With many of the compliance deadlines looming in 2013, treasury, risk, and legal professionals are rushing to comply efficiently with these unprecedented regulations in a manner that reduces legal risk and exposure to potential enforcement actions.

Please join our panel for a webcast on derivatives regulation under Dodd-Frank and what it means for end users.

Topics will include:

  • Key definitions and exemptions that determine impact on end users
  • Key deadlines and delays
  • New responsibilities for the boards of directors
  • Pending rules and issues
  • OTC derivatives market reaction and potential long-term implications
  • Leading practices for compliance - developing processes and documentation

Watch the one-minute recap

 

 

Provided an effective summary of complex legislation. Highlighted steps required to be compliant.

Vice President, Pharmaceuticals

Panelists:

Brad Berry

Baker Botts LLP

Brad Berry is a Partner with Baker Botts. Brad has served as Deputy General Counsel at the U.S. Commodity Futures Trading Commission (CFTC), where he conducted the nationwide appellate litigation program for one of the country's most important financial services regulatory agencies. As an executive level manager, Mr. Berry supervised all appeals stemming from the agency's rulemaking and enforcement proceedings.

In September 2009, Mr. Berry received the CFTC Chairman's Award for Distinguished Executive for demonstrating "exceptional strategic leadership, direction, and inspiration in furthering the vision, mission and values of the Commodity Futures Trading Commission." Mr. Berry was the only executive in the agency to receive this honor.

Marie Hollein, CTP

Financial Executives International (FEI) and Financial Executives Research Foundation

Marie is the President and CEO of Financial Executives International and Financial Executives Research Foundation (FERF). FEI is the professional association of choice for senior-level corporate financial executives and the leading organization dedicated to advancing ethical, responsible financial management.

Marie brings over 30 years of extensive corporate and financial services experience to her role at FEI. Marie was previously a Managing Director of Financial Risk Management for KPMG, where she led the treasury practice and provided treasury and risk management advisory services to US and global corporations and banking institutions. Prior to joining KPMG in 2005, she held senior financial executive management positions at Ruesch International, ABN Amro Bank, Citibank and Westinghouse Electric Corporation.

Marie is currently seated on the Board of the Committee of Sponsoring Organizations of the Treadway Commission (COSO), of which FEI is one of the five founding members, and she is also seated on the Financial Accounting Standards Advisory Council (FASAC).

Marie earned a Master of Finance and Management from Carnegie Mellon University, and a Bachelor of Science from La Roche College.

Andrew Lese

Ernst & Young LLP

Andrew Lese is a Principal in Ernst & Young LLP's Financial Service Practice. Based in New York, Andy Co-leads the firm's Over-the-Counter (OTC) Derivatives initiatives related to regulatory reform, working closely with Ernst & Young LLP clients as they address the business and operational implications of the changes necessary to meet the mandated requirements. Andy has also spoken at industry forums and conferences on these topics.

Andy also leads the firm's Product Control team and works with the risk management, product control, finance and operations functions of financial institutions to evaluate and develop effective valuation and risk processes, authorities and controls across all instrument classes. In these efforts, Andy helps clients map regulatory rules and related requirements to business activities, define business and operational processes and IT requirements, assess data and data processes and select and implement financial trading and risk management applications.

Sam Peterson

Ernst & Young LLP

Sam Peterson is a Senior Manager in Financial Accounting Advisory Services, Ernst & Young LLP. He has broad experience advising clients on regulatory implementation under Title VII of the Dodd-Frank Act in the U.S., European Market Infrastructure Regulation (EMIR) and Markets in Financial Instruments Directive (MiFID) in Europe, and similar Asian regulatory frameworks.

Sam focuses on helping clients prepare for compliance with the clearing, trading, reporting and end-user regulatory requirements. He has advised commercial and financial end-users, and their representative trade associations, providing guidance as they advocated before Congress and regulatory agencies on the impact of regulation on the over-the-counter derivatives market.

Sam has testified before the US House of Representatives regarding the impact of derivatives regulation under the Dodd-Frank Act, he has authored financial articles and been quoted in the major financial news outlets regarding the impact of new derivatives regulations.

Relevant to my job.

Director, Consumer Products

Moderator:

Robert Royall

Ernst & Young LLP

Robert Royall leads the firm's Derivatives and Financial Instruments team in the Financial Accounting Advisory Services practice (FAAS). In this role, Rob monitors both FASB and IASB developments in the accounting for financial instruments and foreign currency.

He has 29 year's experience, including 14 as primary derivatives accounting resource with Ernst & Young LLP's Professional Practice Group.

Rob serves on the FASB’s outside advisory body, the Derivatives Resource Group (formerly, “DIG”) and has advised every leading audit client of the firm on derivatives accounting and foreign currency hedging.

Rob earned his MBA at Jones Graduate School of Business, Rice University. He is a Chartered Financial Analyst and a member of both the AICPA and the CFA Institute.

Very clear and concise. All panelists addressed critical issues that are forefront in the corporate world.

Manager, Oil & Gas