Alerts

Financial Regulatory Reform: Key Issues for Private Fund Managers

May 18, 2010

As the Senate moves toward a vote on financial regulatory reform, private fund managers should be aware of the key issues that may affect them.

Congress is considering financial regulatory reform proposals that address a broad range of issues, including consumer protection, ratings agencies, systemic risk, executive compensation, private fund adviser registration, the “Volcker Rule,” prudential risk regulation and derivatives. The proposals cover a broad range of parties, including banks, non-banks, rating agencies, mortgage brokers, credit unions, insurance companies, payday lenders, broker-dealers, investment advisers and others. This Alert identifies key legislative issues for private fund managers regarding (1) Adviser Registration, (2) the Volcker Rule, (3) Prudential Risk Regulation and (4) Derivatives.