United States lawmakers and regulators continue to enact new rules and regulations that affect the financial services industry globally. The U.S.’s landmark Dodd-Frank Wall Street Reform Act might have been signed into law almost two years ago, but the ramifications of the ongoing rule-making and implementation process continue to influence how financial services firms conduct business. And there is more to come.
The Volcker Rule is perhaps the element of Dodd-Frank that is the most controversial for both U.S. and foreign banks. It aims to ban so-called proprietary trading at U.S. banks and that will include foreign banks with U.S. prop trading operations. The ultimate influence this part of Dodd-Frank will have on foreign banks is unclear. For example, as currently drafted, the Volcker Rule could curtail non-U.S. banks’ ability to trade with subsidiaries of American companies even if the transactions occur outside the U.S.
Dodd-Frank is far from the only concern for non-U.S. firms. The Foreign Account Tax Compliance Act (FATCA) is set to come into force in 2014, however if firms are not prepared for it already, they had better get started. The U.S. has aggressively gone after Swiss banks that helped wealthy Americans evade tax. Soon the U.S. Department of Justice will turn its attention to banks in other jurisdictions suspected of peddling tax evasion services. India, Singapore and Hong Kong are amongst the countries on their list.
Dodd-Frank and FATCA may be grabbing all the headlines, but there are many more new regulations coming that will directly impact the way your firm conducts business.
SEC Regulation Outside the United States is designed to educate non-U.S. financial services practitioners about what regulatory developments from the SEC and other U.S. bodies mean for them. A distinguished faculty of current and former SEC officials as well as many other regulatory experts will guide you through the nuances of current and pending US regulation.
Attend SEC Regulation Outside the United States and hear directly from key representatives at the SEC how they legislate and enforce US securities laws, and how these affect companies outside the US.
Confirmed speakers from the US Securities & Exchange Commission:
Mauri Osheroff, Associate Director, Division for Corporation Finance, US Securities and Exchange Commission
Robert Plaze, Deputy Director, Division of Investment Management, US Securities and Exchange Commission
Scott Friestad, Deputy Director, Division of Enforcement, US Securities & Exchange Commission
Matt Daigler, Senior Special Counsel, Division of Trading & Markets, US Securities and Exchange Commission
Andrew Bowden, Associate Director, Office of Compliance Inspections, US Securities and Exchange Commission
Mon, 29/06/2015 - 12:48
Sovereign wealth funds, though small in number and secretive in nature, wield considerable influence as investors as a result of their sizeable assets under management. This extract is taken from Preqin’s latest report which features exclusive content from the 2015 Preqin Sovereign Wealth Fund Review. ... »
Tue, 16/06/2015 - 09:57
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The North American private debt industry has seen substantial growth in assets over the last decade. This extract from the Preqin Special Report: Private Debt in North America looks at the current state of private debt fundraising and funds currently in market. ... »
Wed, 27/05/2015 - 11:00
State Street Global Advisors has unveiled the results of an in-depth survey of 420 senior executives within global private and public pension plans, endowments, foundations and sovereign wealth funds, summarised in this keynote Hedgeweek Special Report... »
Tue, 19/05/2015 - 11:00
This keynote Hedgeweek Special Report surveys the key technology products and software solutions available to hedge funds,, and drills down into each one through interviews and analysis to summarise their benefits to COOs, CTOs and CFOs at hedge funds... »
Tue, 30 Jun 2015 00:00:00 GMTInstutional Equity Sales
Tue, 30 Jun 2015 00:00:00 GMTTrade Finance Officer - London
Tue, 30 Jun 2015 00:00:00 GMT