Global Financial Markets

With President Biden signing last week the executive order "Climate-Related Financial Risk," the administration appears to be accelerating its efforts to incorporate ESG factors into financial regulation. To understand how these developments are likely to play out, please join Mayer Brown partners Paul Forrester and Andrew Olmem, who will discuss the future of ESG regulation for US financial institutions and markets.

Ed Parker, Chris Arnold and Patrick Scholl, partners in Mayer Brown's Derivatives & Structured Products groups, will discuss the release of the 2021 ISDA Definitions. The cornerstone of the $6.5-trillion-plus interest rate derivatives market, the ISDA Definitions—which provides contractual terms, elections and fallbacks for the derivatives market—is receiving its first major "root and branch" update since 2006. Ed, Chris and Patrick will discuss the key changes, what these mean for the participants and how the new definitions will work.

Join Krista Cooley and Frank Doorley of Mayer Brown's Consumer Financial Services team as they discuss recent state licensing and enforcement developments important to participants engaged in financing, purchasing or investing in consumer and small business credit.

Andrew Olmem and Jonathan Becker, partners in Mayer Brown's public policy group, will provide an overview of the spending priorities in the Biden administration's nearly $2 trillion infrastructure proposal, titled the "American Jobs Plan." They will focus on the Biden administration's proposal to fund various infrastructure programs and initiatives and possible opportunities for developers and investors. They also will discuss how Congress will shape the proposal into legislation and the legislative process for considering the legislation.

On this call, Anna Pinedo, Jeff Taft and Matt Bisanz from Mayer Brown will discuss how the revisions affect banks and deposit brokers and what the industry needs to know in advance of the January 1, 2022, compliance date.

Big changes are in store at the Consumer Financial Protection Bureau (CFPB) in light of the election and the nomination of Rohit Chopra as the agency's director. Please join Mayer Brown partners Ori Lev and Stephanie Robinson to discuss the last few months of Kathy Kraninger's tenure as director, what Acting Director Dave Uejio is doing and what we can expect from Mr. Chopra.

Please join David Duffee and Jennifer Kratochvil for a discussion of ICE Benchmark Administration's (IBA) consultation on the cessation of US dollar LIBOR settings, and the related guidance from the US bank regulators, and what all of that means for the US dollar loan market. David will examine the implications for fallback language in existing agreements, the adoption of new fallback language, the treatment of legacy LIBOR loan contracts and the pricing of new US dollar loans.

Please join Mayer Brown partners Lucia Nale and Debra Bogo-Ernst for an examination of these issues as they've developed over the past year and their predictions for 2021.

Please join Mayer Brown partners Paul Forrester, Cory Miggins, Russell Nance, Keith Oberkfell, Andrew Olmem, Jeffrey Taft and Tameem Zainulbhai for a discussion on "What to Expect in 2021" in the structured finance markets. They will examine some of the key challenges and opportunities this new year will bring to market participants and discuss trending topics and the current regulatory landscape affecting the securitization markets, including in the residential mortgage space. Topics will include what to expect from the new administration and updates on regulations, LIBOR, tax, CLOs, ABS and RMBS.

Please join Mayer Brown partners Larry Platt and Andrew Olmem for a discussion on the prospects of regulatory reform for nonbank financial companies and what it could mean for the future of US financial markets, especially the US mortgage market.