Brian W. Smith, Partner, Latham & Watkins LLP to Speak at KC’s Understanding the Federal Reserve Board’s Volcker Rule Live Webcast
New York, NY, June 02, 2011 --(PR.com)-- The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, has announced today that Brian W. Smith, Partner, Latham & Watkins LLP will speak at the Knowledge Congress’ webcast entitled: “Understanding The Federal Reserve Board’s Volcker Rule Live Webcast.” This event is scheduled for June 20, 2011 3:00 PM to 5:00 PM ET. (For further details, please visit: http://www.knowledgecongress.org/event_2011_Volcker_Rule.html)
Event Synopsis:
Section 619 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank”), commonly known as the “Volcker Rule,” prohibits banking entities from engaging in proprietary trading in securities, derivatives, or certain other financial instruments and from investing in, sponsoring, or having certain relationships with a hedge fund or private equity fund. The Federal Reserve Board has approved the Final Rule to implement the conformance period for winding down, selling or otherwise conforming such impermissible activities, investments and relationships. The Financial Stability Oversight Council has published recommendations for implementing an effective compliance regime and the U.S. Banking agencies, the SEC and CFTC are working to publish final rules for complying with the Volcker Rule.
Banking professionals must have a complete understanding of how this new standard and the forthcoming compliance regime may impact them or face increased capital requirements, significant fines and/or sanctions.
The Knowledge Group is assembling a panel of experts who will share their opinions in a two-hour webcast. They will discuss the substantive provisions of this rule as well its impact on banking and business. A live interaction with the audience in a question and answer format is also included with this event.
About Brian W. Smith
Brian Smith is a partner in the Finance Department of Latham & Watkins’ Washington, D.C. office. Mr. Smith has more than 40 years experience in the financial services industry as a partner of an international law firm, as a senior federal bank regulator and as a senior corporate officer of a multinational financial services company. Mr. Smith’s work involves financial institutions regulation, corporate and securities transactions and, payments systems and electronic commerce. Mr. Smith’s experience includes representation of banks and other financial services firms in transactional and regulatory matters, retail and institutional product development and distribution, electronic commerce, capital markets, asset management and fiduciary products. His clients include: US and foreign commercial banks, trust companies, investment banks, savings associations, private equity and other investment firms, insurance companies, mutual fund organizations, pension and benefit funds managers, domestic and foreign joint ventures and boards of directors of banking institutions.
Immediately prior to joining Latham & Watkins, Mr. Smith was a partner at Mayer, Brown, Rowe & Maw LLP in Washington, D.C., where he headed the Financial Regulatory Practice. His career has also included the following positions: managing partner at Stroock & Stroock & Lavan in Washington, D.C.; chief counsel & member of policy group, Office of the Comptroller of the Currency, US Department of Treasury, Washington, D.C.; senior vice president, general counsel & corporate secretary, MasterCard International, Inc., New York; assistant general counsel, CIT Financial Corporation, New York and attorney, American Express Company, New York.
Mr. Smith has been recognized by Chambers, Legal 500, Who’s Who Legal and the American Banker as among the leading practitioners in his field and frequently speaks and writes on topics of current interest to the financial services industry. He regularly counsels industry groups as well as legislative and policy making entities on emerging financial regulatory issues.
About Latham & Watkins LLP
Latham & Watkins’ Financial Regulatory Group advises banks, securities firms, insurance companies and their parent holding companies and affiliates, as well as the increasing host of companies engaged in financial services across the globe, on the full range of financial regulations affecting their activities and operations.
The founders of Latham & Watkins instilled an ethic of hard work, commitment and quality that flourishes today and has nurtured the firm’s dramatic growth into one of the world’s premier business law firms.
Latham & Watkins is a global leader in corporate, bank and project finance, capital markets transactions, mergers and acquisitions, and complex business litigation.
For more information on Brian W. Smith, and Latham & Watkins LLP, please visit: www.lw.com
About The Knowledge Group, LLC/The Knowledge Congress Live Webcast Series
The Knowledge Congress was established with the mission to produce unbiased, objective, and educational live webinars that examine industry trends and regulatory changes from a variety of different perspectives. The goal is to deliver a unique multilevel analysis of an important issue affecting business in a highly focused format. To contact or register to an event, please visit: www.knowledgecongress.org.
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Event Synopsis:
Section 619 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank”), commonly known as the “Volcker Rule,” prohibits banking entities from engaging in proprietary trading in securities, derivatives, or certain other financial instruments and from investing in, sponsoring, or having certain relationships with a hedge fund or private equity fund. The Federal Reserve Board has approved the Final Rule to implement the conformance period for winding down, selling or otherwise conforming such impermissible activities, investments and relationships. The Financial Stability Oversight Council has published recommendations for implementing an effective compliance regime and the U.S. Banking agencies, the SEC and CFTC are working to publish final rules for complying with the Volcker Rule.
Banking professionals must have a complete understanding of how this new standard and the forthcoming compliance regime may impact them or face increased capital requirements, significant fines and/or sanctions.
The Knowledge Group is assembling a panel of experts who will share their opinions in a two-hour webcast. They will discuss the substantive provisions of this rule as well its impact on banking and business. A live interaction with the audience in a question and answer format is also included with this event.
About Brian W. Smith
Brian Smith is a partner in the Finance Department of Latham & Watkins’ Washington, D.C. office. Mr. Smith has more than 40 years experience in the financial services industry as a partner of an international law firm, as a senior federal bank regulator and as a senior corporate officer of a multinational financial services company. Mr. Smith’s work involves financial institutions regulation, corporate and securities transactions and, payments systems and electronic commerce. Mr. Smith’s experience includes representation of banks and other financial services firms in transactional and regulatory matters, retail and institutional product development and distribution, electronic commerce, capital markets, asset management and fiduciary products. His clients include: US and foreign commercial banks, trust companies, investment banks, savings associations, private equity and other investment firms, insurance companies, mutual fund organizations, pension and benefit funds managers, domestic and foreign joint ventures and boards of directors of banking institutions.
Immediately prior to joining Latham & Watkins, Mr. Smith was a partner at Mayer, Brown, Rowe & Maw LLP in Washington, D.C., where he headed the Financial Regulatory Practice. His career has also included the following positions: managing partner at Stroock & Stroock & Lavan in Washington, D.C.; chief counsel & member of policy group, Office of the Comptroller of the Currency, US Department of Treasury, Washington, D.C.; senior vice president, general counsel & corporate secretary, MasterCard International, Inc., New York; assistant general counsel, CIT Financial Corporation, New York and attorney, American Express Company, New York.
Mr. Smith has been recognized by Chambers, Legal 500, Who’s Who Legal and the American Banker as among the leading practitioners in his field and frequently speaks and writes on topics of current interest to the financial services industry. He regularly counsels industry groups as well as legislative and policy making entities on emerging financial regulatory issues.
About Latham & Watkins LLP
Latham & Watkins’ Financial Regulatory Group advises banks, securities firms, insurance companies and their parent holding companies and affiliates, as well as the increasing host of companies engaged in financial services across the globe, on the full range of financial regulations affecting their activities and operations.
The founders of Latham & Watkins instilled an ethic of hard work, commitment and quality that flourishes today and has nurtured the firm’s dramatic growth into one of the world’s premier business law firms.
Latham & Watkins is a global leader in corporate, bank and project finance, capital markets transactions, mergers and acquisitions, and complex business litigation.
For more information on Brian W. Smith, and Latham & Watkins LLP, please visit: www.lw.com
About The Knowledge Group, LLC/The Knowledge Congress Live Webcast Series
The Knowledge Congress was established with the mission to produce unbiased, objective, and educational live webinars that examine industry trends and regulatory changes from a variety of different perspectives. The goal is to deliver a unique multilevel analysis of an important issue affecting business in a highly focused format. To contact or register to an event, please visit: www.knowledgecongress.org.
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Contact
The Knowledge Congress
Thomas LaPointe, Jr., Executive Director
1.800.578.4370
www.knowledgecongress.org
Therese Lumbao, Director
Account Management & Member Services
tlumbao@knowledgecongress.org
Thomas LaPointe, Jr., Executive Director
1.800.578.4370
www.knowledgecongress.org
Therese Lumbao, Director
Account Management & Member Services
tlumbao@knowledgecongress.org
Contact
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