FOR IMMEDIATE RELEASE
April 26, 2010
CONTACT: John Carey 202-466-1854
John@ourfinancialsecurity.org
*** Conference Call Briefing ***
WASHINGTON, DC – Americans for Financial Reform (AFR) will host a conference call with reporters and bloggers on Friday, April 29, 2011 at 10:30 AM EST *** to discuss the impact of derivatives market reforms in the Dodd-Frank Act.
WHAT:
Some lobbyists are claiming serious negative effects of new derivatives market reforms in the Dodd-Frank Act. We disagree. On this call, we’ll discuss “the collateral boogeyman”, the objectives of the Dodd-Frank reforms, the ways derivatives markets work for commercials (end-users) and non-commercials (financials), and the changes currently being discussed by regulators. For further background on these issues, see the series posted this week by Professors Parsons and Mello on their blog “Betting the Business”, and the bulletin this week from Americans for Financial Reform on derivatives risk management rules recently released by the banking regulators. (Expect discussion of tomorrow’s CFTC release on capital requirements for major swaps markets participants as well).
WHO:
John Parsons, Senior Lecturer at MIT’s Sloan School of Business and Executive Director of the Center for Energy and Environmental Policy Research at MIT, former Vice President in the finance practice at the consulting firm CRA where for 10 years he worked with major end user companies on a wide variety of risk management and valuation matters.
António S. Mello, Frank Graner Professor of Finance at the University of Wisconsin – Madison – School of Business. Former Chief Economist of the Central Bank of Portugal, and Managing Director at MillenniumBCP Investment Bank.
Heather Slavkin, Senior Legal & Policy Advisor, AFL-CIO Office of Investment
Marcus Stanley, Policy Director, Americans for Financial Reform
WHEN:
Friday, April 29, 2011
10:30 AM EST
Please contact John@ourfinancialsecurity.org to RSVP for the call.
*** For replay instructions please contact John@ourfinancialsecurity.org