Alert January 29, 2013

Goodwin Procter Partner William Stern to Participate in Phone/Web Seminar Concerning “Bank Affiliate Transactions Under Scrutiny”

Goodwin Procter Financial Services Group Partner, William Stern, will be participating in an upcoming live phone/web seminar hosted by Strafford Publications.  The presentation, entitled “Bank Affiliate Transactions Under Scrutiny,” is scheduled for Tuesday, February 5, 1:00pm-2:30 p.m. EST.

Sections 23A and 23B of the Federal Reserve Act (as implemented by the Federal Reserve Board’s Regulation W) restrict certain transactions between banks and their non-bank affiliates. Considered by regulators to be an essential tool to ensure the soundness of banks, compliance with these provisions is critical in the current era of heightened scrutiny.

Several provisions in the Dodd-Frank Act tightened the restrictions on affiliate transactions, particularly with respect to derivatives transactions and transactions with certain types of investment funds.

The panel discussion will provide bank counsel with an analysis of Regulation W governing transactions that banks may conduct with affiliates, the impact of Dodd-Frank changes to the affiliate transaction rules, and best practices to comply with relevant requirements.  After the presentations, the panelists will engage in a live question and answer session with participants.

For more information concerning the phone/web seminar or to register please click here.