Securities Activities of Banks in the GLB Era: Complex Structured Finance and Operational Risk Issues

On February 1, 2007, Robert L Tortoriello, partner in the Financial Institutions Group of the Firm’s New York Office, released the attached Outline entitled, “Securities Activities of Banks in the GLB Era: Complex Structured Finance and Operational Risk Issues. ” The Outline was prepared in connection with the SIFMA Compliance and Legal Division Annual Seminar to be held on March 26, 2007, and is current as of January 15, 2007. Virtually all of the matters discussed in the Outline have general applicability for all financial institutions with U.S. banking or securities operations.