AIMA is pleased to announce the following training session to be held:
When: Wednesday, June 10, 2015, 08:00-10:30am (Breakfast provided)
Where: Millenium Broadway Hotel, 145 West 44th Street, New York, NY 10036
“Impacts of the Federal Reserve Mandated Liquidity, Leverage and Capital Regulations on US Bank owned Prime Broker services to Private Funds’”.
Presented by Georges Archibald, Director, Deutsche Bank, Bruce Runciman, AxiomSL,
Chip Carbino, TD Securities
Moderated by Don Mumma, AxiomSL
The Basel Committee and in the United States the Federal Reserve, have introduced revisions to the capital and leverage ratios and to the liquidity standard (LCR) applicable to all US Banks. These revised standards and capital strengthening measures will result in the US Banks and their Prime Brokerage units operating with tighter constraints in their financing functions. This will in turn result in a higher cost of funds and less availability of collateral in their operations facing all their client relationships.
Although these revised standards impact the US Banks directly, their repercussions will be felt throughout the network of market and counterparty relationships which make up the global financial system. Hedge funds need to consider these critical drivers of change affecting their prime brokers in order to better understand how to adapt to the evolving business environment.
Some of the issues being addressed will be:
- How would the revised Standards impact the Prime Brokers?
- How will these regulations impact the private fund industry?
- What are the US Bank’s and their Prime Brokers reporting about their financing relationships with Private Funds?
- How can Private Funds mitigate the impacts?
This session should be of interest to CFOs and COOs.
You can earn 1 Continuing Professional Education (CPE) credit by attending this training.
AIMA’s Hedge Fund Manager Training programs are typically scheduled for the second Wednesday of each month (adjusted for the holidays) and the presentations will generally begin at 8:30am.
Registration is on a first-come, first-served basis and limited to representatives of 20 manager member firms, allowing attendance of one representative per firm please. Where programs become oversubscribed, we operate a waiting list and ask that confirmed attendees notify us by noon on the day before the event if their plans change and they are unable to attend so seats can be allotted to those on the waiting list.
To register, please confirm your attendance to firstname.lastname@example.org to avoid disappointment.