Woodrow Wilson C/D

This session will discuss issues relating to customer funds held as margin to trade futures and securities in the global markets, as well as developments in the treatment of customer funds in the context of OTC derivative transactions. Issues to be discussed include the treatment of cleared swaps and implications for the rights of other parties that are clearing futures or other products through an insolvent FCM, and the interplay of SIPC and the FCM bankruptcy rules. The panel will also compare the U.S. and U.K. customer funds protection and bankruptcy regimes and provide an update on the Lehman bankruptcy.

Moderator:
Kenneth Rosenzweig, Partner, Katten Muchin Rosenman

Speakers:
Jonathan Ching, Vice President, D.E. Shaw
Lisa Dunsky, Director & Associate General Counsel, CME Group
James McDaniel, Partner, Sidley Austin
Timothy Plews, Partner, Clifford Chance
Robert Wasserman, Associate Director, Division of Clearing and Intermediary Oversight, Commodity Futures Trading Commission