June 4, 2008 |
7:30 - 8:15 a.m. |
Registration & Breakfast
Continental Breakfast
Hosted by Nice Systems |
8:15 - 8:45 a.m.  |
Welcome and Introduction Ira Hammerman
General Counsel
SIFMA |
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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. |
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Moderator:
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Brandon Becker
Partner
WilmerHale |
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Panelists: |
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Richard Bernstein
Chief Investment Strategist
Merrill Lynch |
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Jack Malvey
Chief Global Fixed Income Strategist
Lehman Brothers |
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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. |
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Moderator: Leslie Norwood
Managing Director, Associate General Counsel
SIFMA |
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Panelists: Robert L.D. Colby
Deputy Director of Division of Trading and Markets
U.S. Securities and Exchange Commission |
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Grace Vogel
Executive Vice President, Member Regulation
FINRA |
11:00 - 11:15 a.m. |
Refreshment Break |
11:15 - 12:15 p.m. |
Concurrent Sessions |
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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. |
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Moderator: E. Randolph Hooks Executive Director and Assistant General Counsel JPMorgan Chase & Co. |
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Panelists: John J. Cross III
Associate Tax Legislative Counsel, Office of Tax Policy
U.S. Department of Treasury |
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Martha Mahan Haines
Chief, Office of Municipal Securities
Assistant Director, Division of Market Regulation
U.S. Securities and Exchange Commission |
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Ernesto A. Lanza
Senior Associate General Counsel
Municipal Securities Rulemaking Board Mark Zehner
Regional Municipal Securities Counsel
U.S. Securities and Exchange Commission |
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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. |
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Moderator: Andrew Waskow
Vice President, Associate General Counsel
Goldman Sachs & Co. |
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Panelists: Ranada Fergerson
Managing Director, Associate General Counsel
Banc of America Securities |
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Tim Keenan
Managing Director
Global Repo Product Manager
Barclays Capital |
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Jennifer Wolgemuth
Counsel & Assistant Vice President
Federal Reserve Bank of New York |
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Lawrence Young
Managing Director and Counsel
Credit Suisse |
12:15 - 1:15 p.m. |
Concurrent Sessions |
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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. |
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Moderator: |
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Bruce Bennett
PartnerCovington & Burling |
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Panelists: |
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Kirk A. Davenport
PartnerLatham & Watkins |
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Martin Goldberg
Senior Vice PresidentLehman Brothers |
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Isaac Osaki
Managing Director
Global Head of Fixed Income Origination Legal
Banc of America Securities |
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Leslie N. Silverman
Partner
Cleary Gottlieb Steen & Hamilton |
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Compliance Roundtable This panel will address the needs, challenges and possible solutions for compliance professionals in fixed income markets today. Moderator: |
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Stuart Wexler
First Vice President
Merrill Lynch Panelists: |
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Jeff Horvath
Managing Director
Deutsche Bank Americas |
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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 |
.JPG "Paul Begala") |
Paul Begala
Political Analyst & CNN Commentator |
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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. |
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Moderator: John Ramsay
Managing Director and Deputy General Counsel
Citi Panelists: |
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Mark Catana
Executive Director and Assistant General Counsel
JPMorgan Chase & Co. |
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Yoon-Young Lee
Partner
WilmerHale |
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Juno Mayer Senft
Managing Director
Merrill Lynch |
3:15 - 4:15 p.m |
Concurrent Sessions |
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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: |
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Edward Turan
Managing Director
Citi Panelists: |
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Susan L. Merrill
Chief of Enforcement
FINRA |
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Robert Pietrzak
Partner
Sidley Austin |
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Harry J. Weiss
Partner
WilmerHale |
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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 |
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Panelists: |
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Gary Goldsholle
Vice President and Associate General Counsel
FINRA |
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Steven Lofchie
Partner
Cadwalader, Wickersham & Taft |
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David Rusoff
Managing Director
Goldman Sachs & Co. |
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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 |
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Mala Greenberger
Senior Managing Director
Bear Stearns
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Seth Grosshandler
Partner
Cleary Gottlieb Steen & Hamilton |
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Richard M. Horowitz
Partner
Thacher Proffitt & Wood |
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James Lee
Executive Director
Morgan Stanley |
5:30 p.m. |
Cocktail Reception |
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