CFTC’s Division of Swap Dealer and Intermediary Oversight (DSIO) Advisory for Non-US Swap Dealers

Mr. Sackheim is a partner in the New York office of Sidley Austin LLP.  He concentrates on exchange-traded and over-the-counter derivatives regulatory, transactional and enforcement matters, including structured products.  He regularly advises financial entities on the implications of Title VII of the Dodd-Frank Act.  He is also a member of a practice group that regularly advises derivatives end users.  He is the former Chair of the New York City Bar’s Futures & Derivatives Regulation Committee and is the Managing Editor of the Futures & Derivatives Law Report (Thomson Reuters, publ.).

David specializes in derivatives and structured finance transactions, as well as the regulatory framework that underpins the derivatives market. David advises financial institutions on a wide range of derivatives products and asset classes (including credit, rates, FX, longevity) in both funded and unfunded form. He has drafted a number of market standard document templates for the International Swaps and Derivatives Association, Inc. (ISDA) and other derivatives industry bodies, including documentation for confirming trades referencing the iTraxx and CDX indices and ISDA's "Big Bang" and "Small Bang" protocols. Most recently, David has advised on various aspects of the transition of the over-the-counter derivatives market to regulated trading platforms and central clearing houses, as well as numerous other requirements of the Dodd-Frank Act.

David was named as a up-and-coming individual by Chambers USA, 2013. 

Julian Hammar is an Of Counsel in the Washington, DC office of Morrison & Foerster LLP and practices in the firm’s financial services, derivatives and commodities and energy regulation practice groups. He advises clients with respect to all aspects of compliance with the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank Act”) and CFTC regulations. Prior to joining Morrison & Foerster LLP, Mr. Hammar served as a special counsel at an Am Law 50 firm and an Assistant General Counsel at the Commodity Futures Trading Commission (“CFTC”), Office of the General Counsel.  During his thirteen years at the CFTC, Mr. Hammar drafted regulations to further define key terms including “swap,” “security-based swap,” and “security-based swap agreement,” under the Dodd-Frank Act. He also assisted in drafting other Dodd-Frank Act regulations, including the Entity Definitions (rules to further define such terms as “swap dealer,” “major swap participant,” and “eligible contract participant”), commodity options, and the Volcker Rule. In addition to rulemaking, Mr. Hammar was a member of the CFTC’s legislative drafting team that drafted the derivatives title of the Administration’s legislative proposal for derivatives regulation that eventually was enacted into law as Title VII of the Dodd Frank Act.