Podcast Location:
Download it here [file size: 23.6 MB]
Categories:
Banking and Financial Services
CPD Points:
Up to 1 point. details »

Due to the difference in guidelines between the SRA and the Bar Standards Board, CPD points are awarded differently for Solicitors, Barristers and Legal Executives:

Regulated by the Solicitors Regulation Authority:
Listen and pass the quiz: Gain 1 CPD point (60 minutes)
Listen only, gain ½ a CPD point (30 minutes)

Regulated by the Bar Standards Board:
Listen and pass the quiz: Gain 1 accredited CPD point (60 minutes)

Regulated by ILEX:
Listen and pass the quiz: Gain 1 CPD point (60 minutes)
Listen only, gain ½ a CPD point (30 minutes)

Cost:
  • FREE
Length:
30 minutes of audio
(+ optional 5 minute online quiz)
Plays on Computer:
Yes Downloadable as MP3:    Yes
Contributor(s):
Course Aims:

This podcast discusses recent legal developments relating to securitisation and structured finance transactions in response to the financial crisis. In particular it focuses on transparency, due diligence and investor protections; eliminating conflicts of interest; risk retention; and other risk issues. Elana Hahn, a partner at law firm Morrison & Forester gives an overview of the new rules and discusses the impact they will have in practice.

Outcomes:
After completing the course you will:
  • Be aware of newly adopted and proposed reforms affecting securitisation and structured finance transactions;
  • Know the recent developments relating to obligations imposed on investors in structured products;
  • Appreciate the role of rating agencies and the new rules applicable to them;
  • Understand the new rules relating to loan-level data introduced by the Bank of England;
  • Be aware of the OTC derivatives regulatory proposals;
  • Have an overview of the proposals in the EU and the US to eliminate conflicts of interest;
  • Understand risk retention issues.
Level:
Specialist Difficulty: 5 of 5
Classification:
Legislative Updates
Market Update / Hot Topic
Sources and References:
  • Basel III;
  • Capital Requirements Directive II;
  • Directive 2010/73/EU;
  • European Commission Proposal for a Regulation on OTC derivatives, central counterparties and trade repositories;
  • MiFID;
  • Regulation of the European Parliament and of the Council on Credit Rating Agencies;
  • The Securities Exchange Act 1934.
Tags:

This podcast provides an overview of important regulatory developments affecting securitisation and structured finance brought about in response to the financial crisis. Elana Hahn, a partner in the capital markets department at law firm Morrison & Forester, examines these reforms.

Podcast last reviewed: 2011-11-17

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