Event Detail

Dodd-Frank Act: Preventing Another Financial Crisis vs. Imperiling Future Economic Growth (Ended)

Date, Time, and Location:
Wednesday, November 28, 2012 (add this event to your Outlook Calendar)
4:00 PM
The Standard Club, 320 S. Plymouth Ct.,, Chicago, IL  60604   (Driving Directions)


  • Judson Baker, Product Manager, Northern Trust
  • Jack Callahan, Executive Director, OTC Products, CME Group
  • Gary Clunie, Global Head OTC Derivatives and Collateral Management, UBS
  • Andrea Kramer, Partner, McDermott Will & Emery LLP

Moderator: Lorry Prentis, Executive Director, Risk Advisory Services Group, Ernst & Young

Date, Time, and Location:

Wed., Nov. 28, 2012
4:00-6:00 pm
The Standard Club, 320 S. Plymouth Ct., Chicago, IL 60604

Program Description:

Dodd Frank was signed into federal law on July 21, 2010, in response to the financial crisis in the late 2000’s, and with the intention of reducing systemic risk. This sweeping legislation was the most significant change to financial regulation since the Great Depression and will have major consequences to the financial services industry. Amongst other items, the Act is intended to improve accountability and transparency in the financial system, and to promote financial stability.

The panel will focus in on these aspects of the act, including the impact of changes to the regulation of the OTC swaps market, where key stakeholders will be significantly impacted. The panel will also address the consequences of these parts of the Act and whether they are ultimately harmful or helpful to the financial services industry and broader financial markets.

Members  -   $45
Non-Members  -   $55
Student-Members  -   $20
(payable by cash, check, credit card or function ticket)*

CFA Institute Qualified Activity: 1.5 CE

Attire: Business Casual

For Reservations: Register Below

Menu: Refreshments and light appetizers

4:00-4:30pm - Registration and Networking
4:30-6:00pm - Panel discussion and Q&A

Hosted by: Education Advisory Group


Judson Baker Judson Baker, Product Manager at Northern Trust focuses on derivatives and collateral management. He is responsible for coordinating and developing Northern Trust's investment operations outsourcing, fund administration and custody services as they relate to derivatives. This includes innovation and development, global expansion, and overall strategy for derivative services. Prior to joining Northern Trust in 2006, Baker helped to develop a Product Control group at Citadel Investment Group for two years. He managed a team that was primarily responsible for the independent price verification as well as profit/loss reporting and analysis for all traded products. Prior to joining Citadel, Baker spent seven years at Bank One focusing on derivatives. In his later years at Bank One, he was an Equity Derivative trader within the firm's Capital Markets area.


Jack Callahan Jack Callahan, Executive Director of OTC Products at CME Group is responsible for working with buy-side market participants on preparedness for OTC Interest Rate Swap and Credit Default Swap clearing. He also works closely with the CME Group Product Managers to help execute the company's OTC business strategies. Before joining CME Group in 2009, Callahan most recently worked for Bank of America as a Derivative Marketer, where he was responsible for advising corporate clients on interest rate hedging strategies. He holds a bachelor's degree in finance from the University of Texas at Austin and an MBA from Harvard Business School.


Gary Clunie

Gary Clunie, joined UBS Global Asset Management in 2006, and is the Global Head of OTC Derivatives and Collateral Management. He has 20 yrs experience of a wide range of back and middle office disciplines, and has worked within different financial institutions ranging from stockbrokers to investment banks. In addition to his daily duties Clunie is currently project managing the reforms being introduced later this year with regard to OTC central clearing, and is coordinating these changes globally.



Andrea Kramer Andrea Kramer, is based in its Chicago office and is head of McDermott's Financial Products, Trading and Derivatives Group, is co chair of its Energy Services Group, and is a member of its Global Renewable Energy, Emissions and New Products Group and its International Dispute Avoidance and Resolution Group. She is a member of the Firm's Management Committee and a founding member of the Diversity Committee, and chair of the Gender Diversity sub-committee. Kramer previously served on the Firm's Compensation Committee.



Lorry Prentis Lorry Prentis, is an Executive Director within the Risk Advisory Services group of Ernst & Young's New York Financial Services Office. She has advised and assisted large, international organizations assess and respond to global regulatory reforms. Prentis has extensive central banking and bank supervisory experience developed during her 24 years with the Federal Reserve Bank of New York. As Vice President in Bank Supervision, she was responsible for supervising several major foreign banks. In addition to her senior management roles at the Fed, Prentis has held senior compliance and regulatory affairs positions at global organizations. She was a Managing Director at Deutsche Bank in the Americas Compliance Department. At UBS she was a Managing Director, where she had oversight responsibility for UBS’s Americas-based relationships with all US regulatory agencies, as well as primary international agencies. Prentis earned a MBA in Finance from New York University and a BA in Anthropology from the University of Colorado. She is a member of the Stern Women in Business Alumnae Committee. In addition, she is a member of the Board of Visitors of the Wake Forest Schools of Business.

*Special Notes Regarding Fees: Student rate only available to students approved as a Student-Member of CFA Chicago for 2012-2013. Regular, Candidate, and Affiliate Members may apply function tickets as payment for Non-member or Student-Member. Credit card required to guarantee ALL reservations except for reservations using Function Tickets. Day-of-event registrations accepted on-site only if applicable and space available. There is a $5 surcharge for walk-ins. Visa, MasterCard, American Express, Discover and Diners Club are accepted. Cancellations accepted until 5:00 pm, Nov. 22.

Passport Program
Members of any CFA society may attend at the CFA Chicago member rate. If you are only a member of CFA Institute, you do not qualify for the society member rate.

CFA Institute CE Qualified Activity
This program qualifies for credit under the guidelines for the CFA Institute Professional Development Program.

Content shared during CFA Society Chicago programs is not, and nothing in it should be construed as, an offer, invitation or recommendation of any specific financial services company or professional, or an offer, invitation or recommendation to sell, or a solicitation of an offer to buy, any securities in any jurisdiction. By registering for and attending this event, you acknowledge that any photographs that may be taken are the property of CFA Society Chicago and give your consent to their use in CFA Society Chicago's online and print business communications and marketing.