The Impacts and Implication of the Anti-Evasion Provision of the Volcker Rule in 2015
In a two hour LIVE Webcast, The Knowledge Group assembled a panel of key thought leaders and professionals to offer the audience with an overview of the Impacts and Implication of the Anti-Evasion Provisions of the Volcker Rule. The panel also aims to provide the audience with the best practices in avoiding risks and pitfalls related to the Volcker Rule.
Key topics include:
- Prohibitions and Restrictions of the Volcker Rule
- Anti-Evasion Provision in the Volcker Rule
- Volcker Rule Compliance Program Requirements
- Volcker Rule Risk Assessment and Management
Kevin L. Petrasic, Partner
Paul Hastings LLP
Helen Y. Lee, Attorney, Corporate Department
Paul Hastings LLP
The presenters will provide commentary from a practitioner’s perspective on Volcker Rule compliance issues. The presentation will generally encompass the following topics:
- Where things are – the presenters will provide a general overview of the Volcker Rule as implemented in final regulations issued in December 2013 and amended in January 2014. The presenters will also address the various conformance period deadline extensions and the distinction created by the Agencies between legacy and non-legacy covered funds.
- Explanation of the Volcker Rule’s anti-evasion provision – the presenters will explain the provision and its significance, and how the provision is an important overarching consideration that drives banking entities’ efforts to conform their activities to meet the requirements of the Volcker Rule.
- Conformance period activity – the presenters will discuss actions taken by banking entities during the conformance period to review and conform their covered fund activities to the Volcker Rule restrictions, including the consideration of alternative fund structures that do not implicate covered fund status under the Volcker Rule.
- Common fund structure alternatives – the presenters will devote some time to delve into two or three fund structure alternatives that have been commonly considered or used by banking entities to determine that a fund is not a covered fund or is eligible for a definitional exclusion.
- The “organizing and offering” activity exemption – for funds that are determined to be covered funds, the presenters address banking entity efforts to conform their fund activities to the requirements of the “organizing and offering” activity exemption (where applicable).
Frank A. Mayer, III, Partner
Pepper Hamilton LLP
- What’s going on with the Volcker rule
- Enforcement issues
- Helping clients set up compliance measures
Who Should Attend:
- Banking and Finance Lawyers
- Banking and Finance Professionals
- Financial Advisers
- Financial Firm
- Banking Institutions
- Other related/interested Professionals and Organizations
Kevin L. Petrasic is a partner in the Global Banking and Payments Systems practice of Paul Hastings and is based in the firm’s Washington, D.C., office. He advises banks and financial services firms on a wide array of regulatory, legislative, transactional, and compliance issues under federal and state banking laws, as well as federal securities and commodities laws. Mr. Petrasic also regularly advises national and international financial firms, including national retail securities brokerage and insurance firms, on a wide array of issues under the federal banking laws and issues within the jurisdiction of the Consumer Financial Protection Bureau.
Mr. Petrasic has extensive experience in Dodd-Frank compliance, bank/thrift and holding company regulation, credit card and consumer financial compliance laws, UDAAP issues, data privacy/protection and data breach issues, compliance laws impacting payments systems, mergers and acquisitions, anti-money laundering issues and OFAC compliance, depository institution charter powers and activities, the regulation of swaps and related derivatives activities by the Commodity Futures Trading Commission, legislative matters and analysis, mortgage market regulation, and corporate governance.
Kevin L. Petrasic is a partner in the Global Banking and Payments Systems practice of Paul Hastings and is based …
Helen Lee is an associate in the Global Banking & Payment Systems practice group in the Corporate Department of Paul Hastings and is based in the firm’s Washington, D.C., office.
Ms. Lee’s practice encompasses both securities and bank regulatory matters involving banking institutions. Her experience has included assisting both foreign and domestic banking institutions with a broad range of issues involving federal and state banking laws, as well as the federal securities laws for publicly traded U.S. holding companies of banking institutions. Ms. Lee has significant experience in the areas of Dodd-Frank Act compliance, bank/thrift and holding company regulation, deposit insurance requirements, compliance with federal and state consumer lending laws, mergers and acquisitions, corporate governance and application of U.S. banking law to the activities of multinational bank holding companies.
Ms. Lee received her J.D. in 2008 from The George Washington University Law School, where she was a founding member of The GW Banking Law Society. She received her B.A. in Politics, cum laude, from New York University in 2004. Ms. Lee is conversant in Cantonese and Mandarin and is a member of the District of Columbia, New York, and New Jersey Bars.
Helen Lee is an associate in the Global Banking & Payment Systems practice group in the Corporate Department of Paul Hastings …
Partner in the Financial Services Practice Group of Pepper Hamilton LLP, resident in the Philadelphia office
Member of the firm’s Securities and Financial Services Enforcement Group
Focuses his practice counseling regulated business enterprises with a special emphasis on financial institutions
Former FDIC and RTC senior official and member of interagency bank fraud working group.
Frequent author and speaker and is often asked to comment in the media on financial services issues.
Partner in the Financial Services Practice Group of Pepper Hamilton LLP, resident in the Philadelphia office Member of the firm’s …
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About Paul Hastings LLP
Paul Hastings provides innovative legal solutions to many of the world’s top financial institutions and Fortune 500 companies in markets across Asia, Europe, Latin America, and the United States. we offer a complete portfolio of services to support our clients’ complex, often mission-critical needs—from structuring first-of-their-kind transactions to resolving complicated disputes to providing the savvy legal counsel that keeps business moving forward.
Our Global Banking and Payment Systems team brings together the knowledge, experience, and insight to guide clients through today’s evolving regulatory landscape. We represent our clients before every U.S. federal banking agency and many state banking agencies in matters involving regulatory initiatives, regulatory legislation, and enforcement actions, as well as before the Financial Services Authority in the U.K.
About Pepper Hamilton LLP
Pepper Hamilton LLP is a multi-practice law firm with more than 500 lawyers nationally. The form provides corporate, litigation and regulatory legal services to leading business, governmental entities, nonprofit organizations and individuals throughout the nation and the world. The firm has grown from a two-person law offices formed in 1890 in Philadelphia to a sophisticated, large law firm with a national and international practice. While much about Pepper Hamilton is new and different from its beginnings, it retains traditional values passed down through the decades: respect for the rule of law, pride in an excellent work product and commitment to the client’s cause. Today, Pepper Hamilton is a diverse firm of men and women from a broad spectrum of backgrounds, united in these values.