The Annual Asset Management Thought Leadership Conferenceâ„¢
Organizer: The Regulatory Compliance Association
Dates: 5 November, 2009
Location: Hilton Hotel, New York (Map)
Agenda
Speakers
From conference website: President Obama has unveiled the most wide sweeping plan to overhaul the U.S. financial system ever conceived. The proposed plan entitled “Financial Regulatory Reform – A New Foundation” places the Asset Management industry squarely within the cross-hairs.
The President’s Financial Regulatory Reform package is more far-reaching than initially expected. In particular, the legislation will include:
* Creating a new “Financial Consumer Protection Agency”
* Providing the Federal Reserve with new and broadly defined “systemic risk regulator” powers
The legislation shall impose a litany of new regulatory requirements upon Asset Managers and have a substantial impact upon all industry participants including service providers.
More importantly, in the aftermath of the financial crisis and a string of Asset Management frauds (Madoff, and its prodigy), the SEC and other regulators seek to reestablish credibility. Consequently, regulatory inspections and enforcement actions shall continue to intensify. In particular, the SEC’s new budget clearly demonstrates their agenda to “beef up” inspections and enforcement with significant increases to each Division. More . . .