The Dodd-Frank legislation introduces fundamental and overarching changes in the U.S. financial regulatory structure. The legislation not only substantially restructures the oversight framework for the U.S. financial system, but also imposes significant new restrictions with respect to regulatory capital requirements, consumer protection, derivatives regulation, securitization and corporate governance. While many of the new restrictions will apply to banks and nonbanks alike, large banking institutions are often singled out for the most restrictive of the new rules. Although additional rulemaking is required for implementation to begin, market participants should not wait to assess their businesses and operations to identify new strategic opportunities that may be presented by Dodd-Frank. Many of these companies may find that the legislation results in opportunities that have not existed for them in over a decade, if ever.

Topics:

• Nonbank financial companies that will be subject to oversight
• Systemically important designation
• Regulatory capital, leverage and other issues that will affect banks
• Changes affecting the securitization market
• The potential for mortgage REITs to assume a leadership role in resurrecting the residential and commercial mortgage markets
• Business opportunities presented for nonbanks

Speakers:

• Kenneth E. Kohler, Morrison & Foerster LLP
• James R. Tanenbaum, Morrison & Foerster LLP

PLI will provide CLE credit.