In the aftermath of the 2008 financial market meltdown, authorities re-examined whether global trading of over-the-counter derivatives, now sized at $650 trillion, had contributed to volatility, excess leverage and systematic risk. As a result, lawmakers passed the Dodd-Frank Wall Street Reform and Consumer Protection Act, in hopes of lowering the probability of problems in the future. A cornerstone of this Act is the central clearing and trade execution mandate. As this massive mandate is being implemented for the first time ever, countless companies and financial institutions are becoming acutely aware of the importance of the end-user exception to their hedging and risk management programs.
In this timely and informative webcast hosted by FTI Consulting, legal, compliance and risk management experts will provide critical information about
- Overview of CFTC swaps end-user rule as part of Dodd-Frank implementation;
- Costs of having to comply with new swaps clearing rules unless an exemption under CFTC Rule 39.6 is received;
- Who qualifies for the CFTC Rule 39.6 end-user exemption;
- How to meet tests that demonstrate that swaps are being used to mitigate commercial risk;
- Role of the board and risk management committee in seeking an end-user exemption;
- Prudent risk management “must haves” beyond full compliance with the end-user exemption rule;
- What to expect when transacting with a financial entity counterparty;
- Correcting swap end-user deficiencies;
- What to expect from a regulatory audit; and
- Best practices for end-users to prepare their annual information filing.
Who Should Attend:
- Chief Financial Officers and Treasurers
- Bank lenders
- Investors in companies that hedge
- Internal and external auditors
- Corporate counsel
Please join Andrew Cross, Partner, Reed Smith; Dr. Susan Mangiero, Managing Director, FTI Forensic & Litigation Consulting; and Erik F. Remmler, Associate Director at the Commodity Futures Trading Commission as they address these issues and your questions.
To attend this free webcast scheduled for Tuesday, December 4, at 1:00 pm Eastern, please sign up below: