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L&C 2016 Program

* Program subject to change

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Wednesday, May 4, 2016

11:00 AM

Registration Opens

Grand Foyer Registration Desk, 3rd Floor
2:15 PM

1. The Great Divide

Grand 5-6, 3rd Floor
A lighthearted but highly informative session combining elements of multiple TV game shows to educate industry newcomers and veterans about historical facts and incidents as well as current issues affecting our industry. 

Moderator:
Kim Johns, Vice President & Associate General Counsel, Goldman Sachs

Speakers:
Daniel Driscoll, Executive Vice President & Chief Operating Officer, National Futures Association
Maureen Guilfoile, Executive Director & Associate General Counsel, CME Group
Neal Kumar, Associate, Cadwalader, Wickersham & Taft
David Martinez, Vice President, General Counsel Department, Credit Suisse Securities
Bob Paul, General Counsel, Chicago Probability of Default Market
Kenneth Raisler, Partner, Sullivan & Cromwell
Yousuf Siddiqui, Executive Director & Assistant General Counsel, J.P. Morgan
Matt VosBurgh, Vice President, Barclays
Daniel Waldman, Senior Counsel, Arnold & Porter
Kristyn Walker, Vice President & Senior Legal Counsel, Deutsche Bank

3:45 PM

Refreshment Break

Attendee Lounge, Grand 1-4, 3rd Floor
4:15 PM

2. Getting Direct with the Directors

Grand 5-6, 3rd Floor
FIA president and CEO Walt Lukken, a former regulator, 
will pose the questions to the Division Directors and 
Office Heads of the Commodities Futures Trading 
Commission (CFTC) that you’ve always wanted to know 
but were afraid to ask! The panel will explore topical 
issues, current rule-makings, CFTC processes and even 
some fun facts about the CFTC and their staff. Come and 
learn what senior CFTC staff is really thinking!

Moderator:
Walt Lukken, President & Chief Executive Officer, FIA

Speakers:
Jeffrey Bandman, Acting Director, Division of Clearing & Risk, Commodity Futures Trading Commission
Eileen Flaherty, Director, Division of Swap Dealer and Intermediary Oversight, Commodity Futures Trading Commission
Gretchen Lowe, Principal Deputy Director & Chief Counsel, Division of Enforcement, Commodity Futures Trading Commission
Jonathan Marcus, General Counsel, Office of the General Counsel, Commodity Futures Trading Commission
Vince McGonagle, Director, Division of Market Oversight, Commodity Futures Trading Commission
Eric Pan, Director, Office of International Affairs, Commodity Futures Trading Commission

6:00 PM

Opening Reception

Harborside D & Foyer, 4th Floor
7:05 PM

New York Yankees vs. Baltimore Orioles (Separate Ticket Required)

Spend the evening with fellow L&C 2016 attendees at Oriole Park at Camden Yards and watch the Baltimore Orioles take on the New York Yankees. FIA has arranged seats in Sections 12 & 14, located in the lower level between first base and the foul pole. Tickets are available for $50 per person and include transportation between the conference hotel and the ballpark. A limited quantity of tickets are available. We hope that you will join us!

Thursday, May 5, 2016

7:30 AM

Registration Opens

Grand Foyer Registration Desk, 3rd Floor
8:30 AMConcurrent Session

3A. Customer Protection/ Segregation

Harborside AB, 4th Floor
This intense education session will provide audience members with the basic nuts and bolts of CFTC requirements for FCMs regarding CFTC/NFA required regulatory capital and customer funds protection. Among specific topics addressed will include multi-currency issues, residual interest, and EU v. US segregation models. This panel is meant to help prepare attendees for the later panel, Capital and Leverage.

Moderator:
Bonnie Litt, Managing Director & Associate General Counsel, Goldman Sachs

Speakers:
Kevin Foley, Partner, Katten Muchin Rosenman
Thomas Smith, Deputy Director & Chief Accountant, Capital, Margin & Segregation Branch, Division of Swap Dealer and Intermediary Oversight, Commodity Futures Trading Commission
Suzanne Sprague, Managing Director, Credit Risk, Banking & Solutions, CME Group

8:30 AMConcurrent Session

4. Uncleared Swaps Issues

Grand 5, 3rd Floor
This panel will examine regulatory reforms in the market for uncleared swaps, with a focus on margin requirements and resulting cross-border and documentation issues.

Moderator:
Christian Artmann, Managing Director & Associate General Counsel, Deutsche Bank Securities

Speakers:
John Lawton, Deputy Director, Division of Clearing & Risk, Commodity Futures Trading Commission
Andrew Levine, Senior Vice President & Senior Counsel, PIMCO
Colin Lloyd, Partner, Cleary Gottlieb Steen & Hamilton
Nihal Patel, Associate, Cadwalader, Wickersham & Taft
Margaret Vaden, Vice President & Associate General Counsel, Goldman Sachs

8:30 AMConcurrent Session

5. Procedures, Reports and Liability: Obligations of Risk Managers, Compliance Officers and Potential Liability

Grand 6, 3rd Floor
This panel will review new CFTC OCR requirements, ongoing obligations of CCOs and CROs, and lessons learned from multiple years of preparing annual CCO and risk management reports.

Moderator:
Michelle Broom, Executive Director, Risk Management Group, Compliance, Macquarie Group, and Chief Compliance Officer, Macquarie Futures USA

Speakers:
Tammy Botsford, Vice President & Assistant General Counsel, J.P. Morgan
Rosario Chiarenza, Executive Director, Head of Regulatory Reform Strategy, Morgan Stanley
Christine Parker, Associate, Sullivan & Cromwell
Jamila Piracci, Vice President of OTC Derivatives, National Futures Association
Erik Remmler, Deputy Director, Registration and Compliance, Division of Swap Dealer & Intermediary Oversight, Commodity Futures Trading Commission
Marcia Tu, Director of Compliance Strategy Implementation, Credit Suisse

9:15 AM—
9:15 PM
Concurrent Session

3B. Basics of Basel

Harborside AB, 4th Floor
This intense education session will introduce the audience to the basics of Basel capital requirements, including what are risk weighted assets, leverage ratio, supplemental leverage ratio, current exposure method, measuring counterparty credit risk exposures, and net stable funding ratio. This panel is meant to help prepare attendees for the later panel, Capital and Leverage.

Moderator:
Bonnie Litt, Managing Director & Associate General Counsel, Goldman Sachs

Speakers:
Ruth Arnould, Director & Assistant General Counsel, Bank of America Merrill Lynch
Randy Benjenk, Associate, Covington & Burling
Andrew Nash, Executive Director, Legal Department, Morgan Stanley

10:00 AM

Refreshment Break

Attendee Lounge, Grand 1-4, 3rd Floor
10:30 AMConcurrent Session

6. Capital & Leverage

Harborside AB, 4th Floor
This panel will explore the complexities of Basel capital, why it is negatively impacting FCMs’ business, and proposals to address such issues.

Moderator:
Maria Chiodi, Managing Director & Counsel, Legal & Compliance, Credit Suisse Securities

Speakers:
Jeffrey Bandman, Acting Director, Division of Clearing & Risk, Commodity Futures Trading Commission
Steve Humenik, Of Counsel, Covington & Burling
Tracey Jordal, Executive Vice President & Attorney, PIMCO
Deborah North, Partner, Allen & Overy
Michael Parodi, Director, Credit Suisse Securities

10:30 AMConcurrent Session

7. Responding to an Investigation or 4g Request

Grand 5, 3rd Floor
Based on hypothetical fact patterns, this panel will explore ways firms might respond to exchange or CFTC investigations that could lead to a disciplinary or enforcement action.

Moderator:
Patricia Corley, Deputy Director, Litigation, Enforcement & Investigations, Societe Generale

Speakers:
Cynthia Cain Ioannacci, Senior Attorney, National Futures Association
Robert Laorno, General Counsel, Credit and Processing Businesses, Intercontinental Exchange
David Meister, Partner, Skadden, Arps, Slate, Meagher & Flom
Stephen Obie, Partner, Jones Day
Michael Piracci
Kathryn Trkla, Partner, Foley & Lardner

10:30 AMConcurrent Session

8. MiFID II/MiFIR and other Non-US Developments

Grand 6, 3rd Floor
This panel focuses on new non-U.S. regulatory issues impacting US registrants and clients.

Moderator:
Jackie Mesa, Senior Vice President, Global Policy, FIA

Speakers:
Robert Armour, Chief Compliance Officer, DRW Trading
Julian Courtney, Global Head of Compliance & Legal, ED&F Man Capital Markets
Nathaniel Lalone, Partner, Katten Muchin Rosenman UK
Eric Pan, Director, Office of International Affairs, Commodity Futures Trading Commission
Mitja Siraj, Vice President of Legal, Europe, FIA
Owen Taylor, Head of Legal - Rates & ForexClear, LCH.Clearnet

12:00 PM

Keynote Lunch

Harborside CDE, 4th Floor
Robert O’Neill is one of the most highly-decorated combat veterans of our time. He was a team leader with the Naval Special Warfare Development Group. He has deployed more than a dozen times, and he held combat leadership roles in more than 400 combat missions in four different theaters of war. A highly-trained Navy SEAL, he led the military’s most elite and was involved in our nation’s most important campaigns. With most of his career shrouded in a classified cloak, O’Neill was the man on the ground we have never heard of but know exists. He was one of the quiet professionals performing the most difficult tasks in the most difficult circumstances, serving his remarkable career in the shadows and keeping America safe in the process. 
Since leaving active duty, O’Neill is a co-founder of Your Grateful Nation, which provides individualized transition support for Special Operations heroes and their families. They provide executive-level mentoring, transition services, and family stabilization support. He is also a contributor to Fox News. 

Speaker:
Robert O'Neill, Team Leader, Naval Special Warfare Development Group (SEAL Team 6)

2:00 PM—
2:45 PM
Concurrent Session

9A. What is Spoofing?

Harborside AB, 4th Floor
This intense education session will instruct the audience on the elements of impermissible spoofing. This panel is meant to help prepare attendees for the later panel, Regulation AT.

Moderator:
Robert Klein, Managing Director & Counsel, Citigroup Global Markets

Speakers:
Jason Fusco, Assistant General Counsel, Market Regulation, ICE Futures U.S.
Renato Mariotti, Assistant United States Attorney, U.S. Department of Justice
Charles Marvine, Deputy Director, Division of Enforcement, Commodity Futures Trading Commission
Dan Walfish, Special Counsel, Milbank Tweed Hadley & McCloy

2:00 PMConcurrent Session

10. Cleared Swaps and Swaps Execution Issues

Grand 5, 3rd Floor
This panel will review a potpourri of issues related to cleared swaps, including execution issues, straight through processing and LSOC.

Moderator:
Jon Debord, Senior Vice President & Assistant General Counsel, Citigroup Global Markets

Speakers:
Daniel Glatter, Global Head of Compliance, Markets Group, BNY Mellon
Seth Grosshandler, Partner, Cleary Gottlieb Steen & Hamilton
Julie Mao, Director & Counsel, Credit Suisse Securities
Rick Ostrander, Managing Director, Legal & Compliance, BlackRock
John Williams, Partner, Milbank, Tweed, Hadley & McCloy

2:00 PMConcurrent Session

11. Ethics

Grand 6, 3rd Floor
This panel will help industry lawyers (and others) better evaluate the ethical impact of their day-to-day decisions, applying relevant professional requirements and guidance.

Moderator:
Michael Otten, Executive Director, Legal, Nomura Securities International

Speakers:
Paul Architzel, Partner, WilmerHale
Douglas Harris, Managing Director, Promontory Financial Group
Ali Hosseini, Executive Director, J.P. Morgan
Jai Massari, Associate, Davis Polk
Scott Reinhart, Senior Attorney, Cleary Gottlieb Steen & Hamilton
Michael Sackheim, Partner, Sidley Austin

2:45 PMConcurrent Session

9B. Automated Trading Requirements

Harborside AB, 4th Floor
This intense education session will provide a basic overview of existing regulatory requirements regarding algorithmic trading. This panel is meant to help prepare attendees for the later panel, Regulation AT.

Moderator:
Robert Klein, Managing Director & Counsel, Citigroup Global Markets

Speakers:
Christian Kemnitz, Partner, Katten Muchin Rosenman
Vito Naimoli, Manager, Market Regulation, ICE Futures US
Robert Sniegowski, Executive Director, Rules & Regulatory Outreach, CME Group
Greg Wood, Director, Algorithmic Execution Listed Derivatives & Foreign Exchange, Deutsche Bank Securities

3:30 PM

Refreshment Break

Attendee Lounge, Grand 1-4, 3rd Floor
4:00 PMConcurrent Session

12. Regulation AT

Harborside AB, 4th Floor
This panel will explore the recently proposed CFTC rule, Regulation Algorithmic Trading.

Moderator:
Allison Lurton, General Counsel & Senior Vice President, FIA

Speakers:
Julian Hammar, Of Counsel, Morrison & Foerster
Matt Lisle, Director, Futures Chief Compliance Officer, ABN AMRO Clearing Chicago
Jim Moran, Executive Director, Global Markets Regulation, CME Group
Sebastian Pujol-Schott, Associate Director, Division of Market Oversight, Commodity Futures Trading Commission
Thomas Sexton, Senior Vice President, General Counsel, National Futures Association
Chris Zuehlke, Director of Front Office Technology, DRW Trading

4:00 PMConcurrent Session

13. The Great Debate

Grand 5, 3rd Floor
Combine or separate BDs and SDs with FCMs? Through a debate between two teams, this panel will explore the benefits and issues of maintaining broker dealers and/or swap dealers in the same corporate entity as futures commission merchants.

Moderator:
Ronald Filler, Professor of Law & Director of Financial Services Law Institute, New York Law School

Speakers:
Brandon Becker, Senior Counsel, WilmerHale
Arthur Hahn, Partner, Katten Muchin Rosenman
Steven Lofchie, Partner, Cadwalader, Wickersham & Taft
Hina Mehta, Executive Director & Counsel, Legal Department, UBS Securities
Annette Nazareth, Partner, Davis Polk & Wardwell
Regina Thoele, Senior Vice President, Compliance, National Futures Association

4:00 PMConcurrent Session

14. Asset Management

Grand 6, 3rd Floor
This panel will review a potpourri of issues related to managed money, including the SEC’s recent proposal related to the trading of derivatives by investment companies, as well as other issues impacting CTAs and CPOs.

Moderator:
Rita Molesworth, Partner, Willkie Farr & Gallagher

Speakers:
Patricia Cushing, Director, Compliance, National Futures Association
Dorothy Mehta, Partner, Cadwalader, Wickersham & Taft
Amanda Olear, Associate Director, Registration & Compliance Branch, Commodity Futures Trading Commission
Lauren Teigland-Hunt, Managing Partner, Teigland-Hunt
William Thum, Principal, Global Head of Derivatives Legal and Regulatory, Vanguard

6:00 PM

Reception & Dinner

Port City Children’s Museum
Let your inner child loose and join your fellow conference delegates for dinner, cocktails and fun! The address is 35 Market Place (approximately a 10-minute walk from the hotel).

Friday, May 6, 2016

7:30 AM

Registration Opens

Grand Foyer Registration Desk, 3rd Floor
8:30 AMConcurrent Session

15. Regulatory Land Mines

Harborside AB, 4th Floor
This interactive session will address a number of different “real life” scenarios for compliance officers and in-house counsel and propose alternative ways they might be addressed.

Moderator:
Patricia Donahue, Senior Vice President, Chief Compliance Officer & Regulatory Counsel, Rosenthal Collins Group

Speakers:
Melissa Andrews, Managing Director, General Counsel, R.J. O’Brien & Associates
Kenneth Berg, Partner, Ulmer & Berne
David King, Director, Compliance, Credit Suisse Securities
Stephen Montgomery, Director, Wells Fargo Securities
Dale Spoljaric, Managing Director, Compliance, National Futures Association

8:30 AMConcurrent Session

16. Crisis Management: Cyber Attack

Grand 5, 3rd Floor
This interactive session based on hypotheticals will address how a firm might deal with an unfolding problem – one involving a severe cyber attack that threatens to cripple an FCM’s operations and compromise customer and employee private data.

Moderator:
Bruce Beatus, Director & Associate General Counsel, Bank of America Merrill Lynch

Speakers:
Eileen Flaherty, Director, Division of Swap Dealer & Intermediary Oversight, Commodity Futures Trading Commission
Anne Joves, Senior Director, Associate General Counsel, Technology and Operations, CME Group
Amy McCormick, Managing Director of Compliance, National Futures Association
Edward McNicholas, Partner, Sidley Austin
Scott Taylor, Managing Director, Compliance, Wells Fargo Securities

8:30 AMConcurrent Session

17. End Users: How Do CFTC, FERC and Exchange Rules Affect You?

Grand 6, 3rd Floor
This panel will address current regulatory issues from the perspective of the commercial end user community, including issues involving the de minimis threshold for swap dealer registration, position limits, trade options, forwards with volumetric optionality, record keeping, EFRPs, block trades, manipulation and disruptive trading activity, and FERC's proposal regarding connected entities.

Moderator:
William McCoy, Managing Director, Morgan Stanley

Speakers:
Lael Campbell, Director, Regulatory Affairs & Market Policy, Exelon
Kara Dutta, Assistant General Counsel, Intercontinental Exchange
Athena Eastwood, Partner, Cadwalader, Wickersham & Taft
Joseph Hawrysz, Executive Director, Global Market Surveillance, CME Group
Vincent Johnson, Head of Regulatory & Policy Affairs, BP
Ronald Oppenheimer, Senior Vice President & General Counsel, Vitol

10:00 AM

Refreshment Break

Attendee Lounge, Grand 1-4, 3rd Floor
10:30 AMConcurrent Session

18A. Bankruptcy Basics

Harborside AB, 4th Floor
This education session is meant to provide basic information regarding what happens during a stand-alone FCM insolvency, as well as the insolvency of a combined FCM/BD. Topics to be covered include the relationship between the Bankruptcy Code, SIPA, Part 190 of the CFTC Rules, applicable DCO waterfall rules and non-US insolvency regimes; deadlines after filing; porting and liquidation; determination of net equity claims and allocation of customer and member property.  

Moderator:
Stephen Morris, Executive Director, Legal & Compliance, Morgan Stanley

Speakers:
Richard Krasnow
Vincent Lazar, Partner, Jenner & Block
David Mitchell, Partner, Fried, Frank, Harris, Shriver & Jacobson

10:30 AMConcurrent Session

19. Advising the Trading Desk

Grand 5, 3rd Floor
Using hypotheticals, this interactive panel will discuss various real-life issues that might be dealt with by compliance or legal officers during a typical day advising a trading or broker desk.

Moderator:
Gary DeWaal, Special Counsel, Katten Muchin Rosenman

Speakers:
Stephan Ariyan, Vice President, Market Compliance & Chief Compliance Counsel, Olam International
Blake Brockway, Assistant General Counsel & Vice President, Bank of America Merrill Lynch
William Gerlesits, Chief Compliance Officer, Societe Generale
Alexandra Guest, Legal Consultant, HSBC Securities
Thomas LaSala, Managing Director, Chief Regulatory Officer, CME Group
Paul Pantano, Partner, Cadwalader Wickersham & Taft

10:30 AMConcurrent Session

20. Enforcement/ Litigation

Grand 6, 3rd Floor
This panel will provide an overview of the most recent enforcement actions and litigation in our industry. The panel will discuss current theories of law being followed by the CFTC’s Division of Enforcement and the Exchanges. 

Moderator:
Charles Mills, Partner, Steptoe & Johnson

Speakers:
Geoffrey Aronow, Partner, Sidley Austin
Dan Berkovitz, Partner, WilmerHale
Rick Glaser, Deputy Director, Division of Enforcement, Commodity Futures Trading Commission
Stacie Hartman, Partner, Schiff Hardin
Steven Schwartz, Executive Director, Global Enforcement, CME Group

11:15 AMConcurrent Session

18B. Advanced Bankruptcy Issues

Harborside AB, 4th Floor
This education session is meant to explore special issues in bankruptcy, with particular focus on issues from the bankruptcy proceedings in Sentinel, Lehman, MF Global, Griffin and Volume Investors, and discussion of the hypothetical insolvency of an FCM carrying cleared swaps for customers.  

Moderator:
Stephen Morris, Executive Director, Legal & Compliance, Morgan Stanley

Speakers:
Geoff Goodman, Partner, Foley & Lardner
Chris Kiplok, Partner, Hughes Hubbard & Reed
Bob Wasserman, Chief Counsel, Division of Clearing and Risk, Commodity Futures Trading Commission

12:00 PMConcurrent Session

Farewell Networking Box Lunch

Attendee Lounge, Grand 1-4, 3rd Floor
12:00 PMConcurrent Session

Lunch & Learn: Cryptocurrencies and Blockchain Technology--Truth or Dare?

Grand Foyer, 3rd Floor
Pick up lunch at the Networking Boxed Lunch and join your colleagues for an informal discussion regarding cryptocurrencies and the blockchain.  
Are cryptocurrencies commodities, securities or currency? What does the term “blockchain” reference? Are blockchains truly alternative technologies that can replace legacy financial institution systems or is it all just hype? What regulatory and legal challenges does each face going forward?  
(No CLE provided)

Speakers:
Kari Larsen, General Counsel & Chief Regulatory Officer, LedgerX
Yvette Valdez, Counsel, Latham & Watkins