Financial Services & E-Commerce

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Executive Committee Contact Information

Practice Group Newsletters 1996-2000

Subcommittees

  • Bankruptcy Practice
  • E-Commerce
  • Legislative Developments
  • Monetary Policy/International Issues
  • Regulatory Initiatives

Upcoming Events

   Second Annual Executive Branch Review Conference

Recent Publications

   The Financial Stability Oversight Council - Podcast

Prudential

One feature of the Dodd-Frank Act is the authority given to the Financial Stability Oversight Council (FSOC) to designate certain nonbank firms as systemically important, subjecting them to "stringent" regulation by the Federal Reserve Board. Could the exercise of this authority change the very nature of our financial system? Is the FSOC Dodd-Frank provision based on accurate information about what actually happened in the financial crisis, or does information only more recently available argue in another direction? Should this authority Dodd-Frank confers not be exercised until Congress has had an opportunity to reconsider the underlying facts?

The paper discussed by our experts is available here.

Featuring:

  • Hon. Peter J. Wallison, Arthur F. Burns Fellow in Financial Policy Studies, American Enterprise Institute
  • Hon. Wayne A. Abernathy, Executive VP for Financial Institutions Policy and Regulatory Affairs, American Bankers Association

[Listen now!]

 
   Freddie and Fannie Shareholder Lawsuit - Podcast

Fannie and Freddie

Preferred and common shareholders of Freddie Mac and Fannie Mae have not recently received earnings distributions or dividends, and the prospects for the short-term future would seem to depend on a pending shareholder lawsuit. After bailing out the two entities with a $180 billion loan, the Federal government is, under a total net worth sweep, claiming all profits as its own. Chuck Cooper led a litigation update on this important case.

Featuring:

  • Charles J. Cooper, Partner, Cooper & Kirk, PLLC

[Listen now!]

 
   Debating the Volcker Rule - Podcast

Obama and VolckerLast week, U.S. banking regulators issued the 900-page Volcker Rule. The rule, long under consideration, is designed to limit proprietary trading - investment banks’ speculative trading for their own gains and their participation in hedge funds. Our experts debated the scope of the Volcker Rule, and its anticipated benefits and drawbacks.

Featuring:

  • Timothy E. Keehan, Vice President & Senior Counsel, Center for Securities, Trust and Investments, American Bankers Association
  • Dr. Marcus Stanley, Policy Director, Americans for Financial Reform
  • Moderator: Dean Reuter, Vice President and Director of Practice Groups, The Federalist Society

[Listen now!]

 
   Pension Reform: The Road Forward - Podcast

Pension Reform: The Road Forward - Podcast

On December 3, 2013, a federal judge held that the city of Detroit is eligible to shed billions in debt in the largest public bankruptcy ever in the United States. The judge also ruled that public pensions could be reduced during reorganization, a provision in Michigan's Constitution notwithstanding. As an increasing number of local and municipal governments find themselves in dire financial straits, leaders are looking to new methods of increasing revenues and cutting costs, including pension reform. Professor David Skeel discussed the challenges faced by cities considering a restructuring of their pension plans, as well as the strength of various arguments regarding the legality of those efforts.

Featuring:

  • Prof. David A. Skeel, S. Samuel Arsht Professor of Corporate Law, University of Pennsylvania Law School
  • Moderator: Dean Reuter, Vice President and Director of Practice Groups, The Federalist Society

[Listen now!]