Derivatives Leaders Forum 2010 to Evaluate Impact of Financial Bill on Community Banks' Swap Usage

June 20, 2010 - PRLog -- A group of 21 community and regional U.S. banks, reported The Wall Street Journal, has written to Senate Agriculture Committee Chairman Blanche Lincoln (D., Ark.) asking her to exempt them from a provision in the financial legislation that would force big derivatives dealers to spin off their swaps desks. The ultimate impact on the financial reform bill on regional and community banks will be explored at Golden Networking's Derivatives Leaders Forum 2010, "Strategies for Increasing Profits under an Evolving Regulatory Framework" (http://www.DerivativesLeadersForum.com), July 22nd, 2010, New York City.
The report by The Wall Street Journal continued: "A contentious provision in the Senate version of regulatory overhaul legislation would force derivatives dealers to spin off their swaps desks. Lincoln intended the provision to target systemically significant Wall Street dealers, whose use of swaps was blamed for deepening the financial crisis. But an industry group said the provision could unintentionally affect community banks, and Lincoln acknowledged Friday that the legislative issue needed to be addressed.

Signatories to the letter are: Boston Private Bank & Trust Co., CoBiz Financial, Cole Taylor Bank, Commerce Bank, Danversbank, First Financial Bank, First Merchants Bank, First Niagara Bank, Old National Bank, Old Second National Bank, Susquehanna Bank, The Frost National Bank, The PrivateBank and Trust Company, Trustmark National Bank, UMB Financial Corp., Umpqua Bank, Valley National Bank, Webster Bank, Whitney National Bank, Xenith Bank and Zions First National Bank. News of the letter comes as negotiations between House and Senate representatives over the financial overhaul legislation continues. Pressure is mounting on lawmakers to scale back the tougher Senate approach on derivatives as that section of the bill is due to be debated next week."

Derivatives Leaders Forum 2010 is produced by GoldenNetworking.net (http://www.goldennetworking.net), the premier networking community for business executives, entrepreneurs, investors and diplomats, founded by former McKinsey consultant and Columbia Business School MBA Edgar Perez. Upcoming Golden Networking's Forums and Business Receptions include:

·   High-Frequency Trading Happy Hour, (http://www.HFTHappyHour.com), July 13th, New York City

·   Distressed Investing Experts Forum 2010, "Analyzing and Valuing Distressed Companies, Securities and Real Estate" (http://www.DistressedInvestingExpertsForum.com), September 23rd, New York City

·   2nd China Leaders Forum, "Challenges and Opportunities for China's Economic Juggernaut" (http://www.ChinaLeadersForum.com), October 7th, New York City

·   Latin America Leaders Forum 2010, "Unlikely Oasis of Growth amid the Global Economic Crisis?" (http://www.LatinAmericaLeadersForum.com), October 21st, New York City

·   2nd Banking Leaders Forum, "Private Banking on the Brink of Transformational Change" (http://www.BankingLeadersForum.com), November 11th, New York City

·   Global Energy Leaders Forum 2010, "Proposals and Solutions for Today's Global Energy Challenges" (http://www.GlobalEnergyLeadersForum.com), December 2nd, New York City

·   2nd Private Equity Leaders Forum, "Setting the Stage for Radical Transformation in 2011 and Beyond" (http://www.PrivateEquityLeadersForum.com), December 9th, New York City

Golden Networking has compiled the insights of top experts and industry practitioners and produced DVD Video Packages for its Leaders Forums, including:

·   Distressed Investing Leaders Forum 2009 DVD Video Package, "The Most Comprehensive Guide for Any Investor in Distressed Assets", http://www.DistressedInvestingLeadersForum.com

·   Distressed Investing Leaders Forum 2010 DVD Video Package, "Extraordinary Opportunities Investors Cannot Afford to Pass", http://www.DistressedInvestingLeadersForum.com

·   High-Frequency Trading Experts Forum 2010 DVD Video Package, "Starting and Running a High-Frequency Trading Operation", http://www.HFTExpertsForum.com

·   Hedge Funds Leaders Forum 2010 DVD Video Package, "Generating Alpha in Challenging Times", http://www.HedgeFundsLeadersForum.com

·   High-Frequency Trading Experts Forum 2010 DVD Video Package, "Innovating and Profiting from High-Frequency Trading in 2010 and Beyond", http://www.HFTLeadersForum.com

Panelists, speakers and sponsors are invited to contact Golden Networking by sending an email to info@goldennetworking.net. Golden Networking has been frequently featured in the press, including recent articles in The New York Times, "Golden Networking Helps Job Seekers Make Overseas Connections" (http://www.nytimes.com/2009/11/07/nyregion/07network.html), Los Angeles Times, "Speed-addicted traders dominate today's stock market" (http://articles.latimes.com/2010/may/16/business/la-fi-new-exchanges-20100516), Reuters, "Revamp looms as trading experts huddle at SEC" (http://www.reuters.com/article/idUSTRE6504U820100601)  and Columbia Business School's Hermes Alumni Magazine, "10 Under 10" (http://www7.gsb.columbia.edu/alumni/news/ten-under-ten).

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