Program

June 4, 2008

7:30 - 8:15 a.m.

Registration & Breakfast

 
Continental Breakfast
Hosted by Nice Systems

8:15 - 8:45 a.m.

 I. Hammerman

Welcome and Introduction 

Ira Hammerman
General Counsel
SIFMA

Nason

Featured Speaker:

David G. Nason
Assistant Secretary for Financial Institutions
U.S. Department of Treasury

8:45 - 9:45 a.m.

Credit Market Turbulence

This panel will focus on major current issues in the credit markets. 

 

Moderator:

B. Becker

Brandon Becker
Partner
WilmerHale

 

Panelists:

R. Bernstein

Richard Bernstein
Chief Investment Strategist
Merrill Lynch

J. Malvey

Jack Malvey
Chief Global Fixed Income Strategist
Lehman Brothers 

  F. Norris

Floyd Norris 
Chief Financial Correspondent
New York Times 

9:45 - 11:00 a.m.

Fixed Income Regulation

Panelists will discuss their respective regulatory priorities and other current issues. 

 L. Norwood

Moderator:

Leslie Norwood
Managing Director, Associate General Counsel
SIFMA

 R. Colby

 Panelists: 

Robert L.D. Colby
Deputy Director of Division of Trading and Markets
U.S. Securities and Exchange Commission 

G. Vogel

Grace Vogel
Executive Vice President, Member Regulation
FINRA

 

11:00 - 11:15 a.m.

Refreshment Break

11:15 - 12:15 p.m.

Concurrent Sessions 

 

Municipal Securities

This panel will include representatives of the MSRB, U.S Department of Treasury and the SEC and will focus on current issues in the municipal market, including auction rate securities and other timely issues. 

 R. Hooks

Moderator:

E. Randolph Hooks

Executive Director and Assistant General Counsel

JPMorgan Chase & Co.

 

 J. Cross

Panelists:

John J. Cross III
Associate Tax Legislative Counsel, Office of Tax Policy
U.S. Department of Treasury

 

Martha Mahan Haines
Chief, Office of Municipal Securities
Assistant Director, Division of Market Regulation

U.S. Securities and Exchange Commission

 

Ernesto A. Lanza 
Senior Associate General Counsel
Municipal Securities Rulemaking Board 

Mark Zehner
Regional Municipal Securities Counsel
U.S. Securities and Exchange Commission  

 

Treasury/Repo Securities

The panel will focus on Fails Management (Buy-in Procedures, Fails Margining and the Mini-Closeout Provision being drafted for the MRA) and Management & Compliance issues relating to these securities.

 

Moderator: 

Andrew Waskow 
Vice President, Associate General Counsel
Goldman Sachs & Co. 

 R. Fergerson

Panelists: 

Ranada Fergerson
Managing Director, Associate General Counsel
Banc of America Securities 

 T. Keenan

Tim Keenan 
Managing Director
Global Repo Product Manager

Barclays Capital 

 

Jennifer Wolgemuth
Counsel & Assistant Vice President
Federal Reserve Bank of New York

 L. Young

Lawrence Young 
Managing Director and Counsel
Credit Suisse  

12:15 - 1:15 p.m.

Concurrent Sessions 

 

Primary Market Issues 

Proposed topics include: institutional investor fund activism in fixed income markets and documentary responses; recent efforts to improve covenant protection in the investment grade bond market (Credit Roundtable White Paper); and the impact of Rule 144 amendments relating to debt securities. 

 

Moderator: 

B. Bennett 

Bruce Bennett
PartnerCovington & Burling 

 

Panelists: 

K. Davenport

Kirk A. Davenport
PartnerLatham & Watkins 

 

Martin Goldberg
Senior Vice PresidentLehman Brothers 

 

Isaac Osaki
Managing Director 
Global Head of Fixed Income Origination Legal

Banc of America Securities

  L. Silverman

Leslie N. Silverman
Partner
Cleary Gottlieb Steen & Hamilton

 

Compliance Roundtable

This panel will address the needs, challenges and possible solutions for compliance professionals in fixed income markets today.

Moderator:

S. Wexler

Stuart Wexler
First Vice President
Merrill Lynch

Panelists:

 J. Horvath

Jeff Horvath
Managing Director
Deutsche Bank Americas 

 D. Powell

 

 

 

 

 

 

Donna Powell 
Managing Director
Head of Fixed Income Compliance
Credit Suisse  

 

Rose-Anne Richter
Managing Director
Morgan Stanley  

 

Gary Rosen
Managing Director
Fixed Income Compliance
Lehman Brothers

1:15 - 2:15 p.m

Lunch & Featured Speaker

 Paul Begala 

Paul Begala
Political Analyst & CNN Commentator

 

Luncheon
Hosted by Covington & Burling  

2:15 - 3:15 p.m.

Material Nonpublic Information

A discussion of current issues related to confidential and material nonpublic information in fixed income markets.  Discussion topics will include: credit default swaps, trades made on knowledge of firm’s actions, misuse of information in credit default market, club deals, asset management/proprietary trading, MBS, ABS, and ARS.

 

Moderator:  

John Ramsay
Managing Director and Deputy General Counsel
Citi 

Panelists: 

 

Mark Catana 
Executive Director and Assistant General Counsel
JPMorgan Chase & Co. 

Y. Lee 

Yoon-Young Lee
Partner
WilmerHale

 

Juno Mayer Senft 
Managing Director
Merrill Lynch 

 

3:15 - 4:15 p.m

Concurrent Sessions

   

Litigation and Enforcement Update

A report of critical litigation and enforcement issues of interest to bond market practitioners, including: subprime, auction rates securities, bankruptcy, and antitrust update (GIC private litigation and regulatory). 

Moderator: 

 E. Turan

Edward Turan 
Managing Director
Citi 

 

Panelists: 

S. Merrill

Susan L. Merrill
Chief of Enforcement
FINRA  

 

  R. Pietrzak 

Robert Pietrzak 
Partner
Sidley Austin 

 H. Weiss

Harry J. Weiss
Partner
WilmerHale 

 

Developing New Products and Services

This panel will discuss the role of legal and compliance professionals in the development of new products and services, including: structured notes and commodities & commodity-linked products. 

Moderator: 

Gordon Kiesling
Executive Director
UBS 

 

Panelists: 

G. Goldscholle

Gary Goldsholle
Vice President and Associate General Counsel 
FINRA 

S. Lofchie

Steven Lofchie 
Partner
Cadwalader, Wickersham & Taft  

D. Rusoff

David Rusoff
Managing Director
Goldman Sachs & Co.

L. Schwartz

Lanny A. Schwartz 
Partner
Davis Polk & Wardwell 

4:15 - 4:30 p.m.

Refreshment Break

4:30 - 5:30 p.m.

Dealing with Default and Looking to the Future of Securitization

The aftermath of the boom and bust in the securitization world has left many in the market to deal with the wreckage of unsuccessful investment strategies and defaulted counterparties.  What are the big issues firms encounter when unwinding a defaulted counterparty?  How does it play out with repos, swaps and other transactions?  And when the smoke clears, what will be left? How will current key legislative, market practice, and other issues shape the future of securitization?  This panel of industry experts will analyze and discuss the various issues and challenges market participants face in these unsettled times. 

Moderator: 

Myongsu Kong
Director & Counsel
Citi 

Panelists: 

Nadine Cancell
Director
Barclays Capital

 

Mala Greenberger
Senior Managing Director
Bear Stearns

 S. Grosshandler

Seth Grosshandler
Partner
Cleary Gottlieb Steen & Hamilton

 

Richard M. Horowitz
Partner 
Thacher Proffitt & Wood

 

James Lee 
Executive Director
Morgan Stanley 

 

5:30 p.m.

 

Cocktail Reception  

 

 

 

 

SIFMA thanks the following sponsors for supporting the 2008 Fixed Income Legal & Compliance Conference:

Platinum Level - Sponsored by Wilmer Cutler Pickering Hale and Dorr 
Platinum Level - Sponsored by Cleary Gottlieb Steen & Hamilton 
Continental Breakfast - Hosted by Nice Systems. Ltd.
Luncheon - Hosted by Covington & Burling
Gold Level - Sponsored by MarketAxess 
Gold Level - Sponsored by Thacher Proffitt & Wood
Tote Bag
- Compliments of The Davidsohn Group
Wall Street Journal - Compliments of Dow Jones