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L&C 2015 Program


Tuesday, June 23, 2015 at 8:30 AM

4. Clients in Distress - Bankruptcy and Sanctions

Maryland Suite, Lobby Level

With recent Ukraine related sanctions, firms and DCOs need to be on alert should a customer be placed on a sanction list. But what is the firm allowed to do? This panel will explore the law around OFAC sanctions and what steps a firm should take to protect itself when carrying margined positions. The panel will also discuss proposed Treasury AML and OFAC rules. The panel will also give a short primer on bankruptcy rules and touch on the practical realities of what happens in bankruptcy of a client both voluntary and involuntary.

Moderator:

Maureen Guilfoile, Managing Director & General Counsel, ABN AMRO Clearing Chicago

Speakers:

Bruce Fekrat, Executive Director & Associate General Counsel, CME Group
Corinne Goldstein, Partner, Covington & Burling
Melissa Goldstein, Attorney, Schulte, Roth and Zabel
Geoffrey Goodman, Partner, Foley & Lardner
Jim Holderman, Division Director for Financial Crime Compliance, Macquarie Capital Americas
Rachel Nagle, Senior Advisor, Compliance Programs, U.S. Department of the Treasury, Office of Foreign Assets Control (OFAC)