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How the European Swap Regulations Compare with the U.S. Rules for End Users


Product Code - LGN158
Speaker(s): Hans Montag, Baker & McKenzie LLP; Luke Whitmore, Baker & McKenzie LLP
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The concerted efforts of the G-20 nations to implement new swaps regulations are leading to a seismic shift in the regulation of the global financial industry and have broad implications on how derivatives can be used in major economies.

Many of these new regulations have a significant impact on how end users can use swaps to hedge their business risks, in particular in a multi-jurisdictional setting.

With the U.S. and European regulations mostly developed at this time, it is crucial for any user of swaps in a cross-border setting to have a good basic understanding of the new regulatory environment that affects the transatlantic market place.

Educational Objectives:

• Gain an overview of the new regulatory regime in Europe, how it impacts end users of swaps and how it compares to the U.S. regulations.
• Learn the steps required under the new rules.
• Understand how to protect your international clients’ interests when interacting with swap dealers.

Who would most benefit from attending this program?

Legal and compliance professionals acting on behalf of corporate and other end users of swaps who operate on a transatlantic scale.

Program Level: Basic

Credit Available: CLE. For more information, please click on the “CLE Credit” tab. 

Hans Montag, Baker & McKenzie LLP; Luke Whitmore, Baker & McKenzie LLP

Hans Montag, Baker & McKenzie LLP
Hans Montag is a partner at Baker and McKenzie LLP, where he has specialized his practice in the structured finance and derivatives area for almost two decades. He focuses in particular on advising legal and treasury departments of large domestic and multinational companies on securitization and derivatives.

Mr. Montag earned a J.D. from New York University School of Law and also earned law degrees from the University of Cologne School of Law in Germany. He is admitted to practice in the State of New York and Germany.

Luke Whitmore, Baker & McKenzie LLP
Luke Whitmore is a senior associate in Baker & McKenzie's Structured Capital Markets Group based in London. He specializes in a broad range of derivatives and structured finance products, including interest rate and currency swaps and options, credit default swaps, total return swaps, equity derivatives, stock lending, repurchase transactions, synthetic CDOs, regulatory capital-driven structures and synthetic securitizations. Mr. Whitmore has extensive experience with the full range of ISDA and other industry standard documentation, Rating Agencies swap criteria, and prime brokerage market acting for both prime brokers and clients.

Mr. Whitmore earned a Bachelor of Laws degree from University College London.

This program’s CLE-credit eligibility varies by state. Bloomberg BNA is an accredited provider in the states of New York*, California, Pennsylvania, Texas and Virginia, and most other jurisdictions grant CLE credit on a per-program basis. At this time, Bloomberg BNA does not apply directly to the states of Florida, Rhode Island, Montana and Hawaii although credit is usually available for attorneys who wish to apply individually. Additionally, the following states currently do not grant credit for Bloomberg BNA OnDemand programming: Arkansas, Ohio, Nebraska, and Delaware. All requests are subject to approval once the live webinar has taken place or the customer has viewed the OnDemand version. Please contact the Bloomberg BNA accreditations desk if you have specific questions that have not been addressed.

If you have further questions regarding a specific state or how to file for CLE credit, please contact Bloomberg BNA customer service at 800-372-1033 and ask to speak to the CLE Accreditation Coordinator.

Hardship Policy
Bloomberg BNA offers a hardship policy for attorneys earning less than $50,000 per year. If an attorney wishes to take advantage of this option, he or she must contact Bloomberg BNA directly. For attorneys who are unemployed or earning less than $35,000 per year, a full discount off the price of the program will be awarded upon written proof of hardship. Attorneys earning between $35,000 and $50,000 per year will receive a 50% discount off the price of the program. Any attorney working in the public service sector also qualifies for a special price. If you have further questions regarding the hardship policy or seek additional information, please contact Bloomberg BNA customer service at 800-372-1033 and ask to speak to the CLE Accreditations Coordinator, or email us at accreditations@bna.com.

Questions
For more information about Mandatory or Minimum Continuing Legal Education (MCLE) requirements, visit the American Bar Association website at http://www.abanet.org/cle/mandatory.html.

*Bloomberg BNA is an accredited provider in New York for experienced attorneys only