The Regulatory Response: New Regulation of Hedge Funds and Private Equity Funds; Changes in the Regulation of Banks; and Extra-Territorial Reach of National Securities and Banking Laws
The financial meltdown is still being felt around the world every day. It has impacted on the way business is being done by market participants, including hedge funds and private equity funds and banks, and it has prompted several regulatory responses across the world, including new proposals and regulations in the U.S. and the EU. Part 1 of this panel of high-level experts, all with their unique international experience and point of view, will examine regulatory changes and their effectiveness in preventing future financial crises. Part 2 of the panel will discuss recent enforcement and litigation cases in the aftermath of the financial crisis. Part 3 will present a mock trial relating to recent CDO litigation.
International Securities and Capital Markets Committee, Foreign Legal Consultant Committee, International M&A Joint Venture Committee, International Financial Products and Services Committee, International Secured Transactions & Insolvency Committee
Program Chairs & Moderators:
MEYER "MIKE" EISENBERG
Columbia Law School and Willamette University Law School
New York, New York
Gibson, Dunn & Crutcher LLP
London, United Kingdom
Columbia Law School
New York, New York
Deputy General Counsel, Federal Reserve Bank of New York
New York, New York
NORA M. JORDAN
Davis Polk & Wardwell LLP
New York, New York
former General Counsel of the U.S. Securities and Exchange Commission and Cleary Gottlieb Steen & Hamilton LLP
ELISSE B. WALTER
Commissioner, U.S. Securities and Exchange Commission
Meyer "Mike" Eisenberg
Meyer "Mike" Eisenberg is an Adjunct Senior Research Scholar and Lecturer-in-Law at Columbia Law School and Willamette University Law School in
New York, New York.
Dorothee Fischer-Appelt is a U.S. and English qualified partner in the London office of Gibson, Dunn & Crutcher.
Ms. Fischer-Appelt's practice is focused on international equity and debt capital markets transactions. She has significant experience in a broad range of corporate and finance transactions, representing both issuers and underwriters in SEC-registered and Rule 144A debt and equity financings, including initial public offerings, rights offerings, convertible offerings and block trades. She also has experience advising on joint ventures, purchases of loan portfolios, finance and derivatives matters and liability management transactions.
Prior to joining Gibson Dunn, Ms. Fischer-Appelt practiced at Sullivan and Cromwell's New York office from 1997 to 2003, and at Allen & Overy's London office from 2003 to 2006. She speaks German, French and Italian.
Harvey J. Goldschmid
Harvey J. Goldschmid is Dwight Professor of Law at Columbia Law School in New York, New York.
Joyce Hansen is Deputy General Counsel for the Federal Reserve Bank of New York.
Nora M. Jordan
Nora M. Jordan is head of Davis Polkâ€™s Investment Management Group. Ms. Jordan advises clients on collective investment vehicles, including hedge funds, mutual funds, closed-end funds and private equity funds. She acts as counsel to the adviser, the fund or the independent directors, depending on the client. Many of her matters involve advising clients concerning compliance with the Investment Company Act and Investment Advisers Act. Ms. Jordan also provides exemptive advice concerning the Investment Company Act for industrial holding companies and non-U.S. trading companies, banks, insurance companies and other financial institutions. She has also worked on a number of acquisitions, reorganizations and structurings of asset managers.
Ms. Jordan frequently provides advice to financial institutions that have affiliated asset managers and broker-dealers. Principal and agency transactions between asset manager clients and broker-dealers are highly regulated, and she provides advice on these regulations as well as other regulations affecting private funds, advisers and mutual funds.
Giovanni P. Prezioso
Giovanni P. Prezioso is a partner based in the Washington, D.C. office. Mr. Prezioso's practice is focused on securities and corporate law matters. His recent projects have included representation of major corporations and financial institutions in securities enforcement and litigation matters arising out of the financial crisis, as well as counseling clients on a broad range of corporate governance and regulatory matters.
From May 2002 until rejoining the firm in 2006, Mr. Prezioso served as General Counsel of the Securities and Exchange Commission. Before joining the Commission, Mr. Prezioso was in private practice with Cleary Gottlieb, which he joined in 1982 and where he became a partner in 1991. During those years, he served as counsel to major financial institutions, public companies and trade associations, with responsibility for a broad range of regulatory, corporate, transactional and litigation matters.
His prior bar and other professional activities have included service as Chairman of the ABA Subcommittee on Municipal and Governmental Obligations, and as a member of both the New York Stock Exchange Rule 431 Committee and the Global Documentation Steering Committee sponsored by the Federal Reserve Bank of New York.
Mr. Prezioso is a graduate of Harvard Law School and Harvard College.
Elisse B. Walter
Elisse B. Walter was appointed by President George W. Bush to the U.S. Securities and Exchange Commission and was sworn in on July 9, 2008. Under designation by President Barack Obama, she served as Acting Chairman during January 2009.
Prior to her appointment as an SEC Commissioner, Ms. Walter served as Senior Executive Vice President, Regulatory Policy & Programs, for FINRA. She held the same position at NASD before its 2007 consolidation with NYSE Member Regulation.
he graduated from Yale University with a B.A. and received her J.D. degree from Harvard Law School.