External Meetings: Financial Services Roundtable Board of Directors

Topics Discussed:~--appropriateness of platform trading and clearing of swaps~--that the current structure favors large players with ability to exert control and limit broad participation~--concern that rules will favor large banks~--degree to which the swaps market will be transparent to the FSOC~--interagency coordination and need to make rules consistent~--pace of rulemaking~--currently a dealer only must maintain a single set of documents with each counterparty; concern that, under new regime, dealers will have to have multiple sets of documents with each counterparty; consider whether a single, standard document can be developed
When
Rulemaking(s)
General

CFTC Staff
Gary Gensler

John Riley
Visitor(s)
Walter A. Bell, CEO, Swiss Re America Holding Corp.

Steve Bartlett, FSR

Rich Whiting, FSR

Neill A. Currie, Renaissance Re Holdings, Ltd.

Irene M. Dorner, HSBC Bank USA

Frederick W. Geissinger, American General Financial Svcs., Inc.

Russell Goldsmith, City National Corporation

Roger Hochschild, Discover Financial Services, Inc.

Barbara Novick, BlackRock, Inc.

Pierre Ozenda, Swiss Reinsurance America Corp.

Paul C. Reilly, Raymond James Financial, Inc.

James E. Rohr, PNC Financial Services Group, Inc.

Manuel Sanchez, BBVA Compass

J. Michael Shepherd, BancWest Corp.

Stephen E. Smith, American Honda Finance Corp.

James C. Smith, Webster Bank, N.A.

John G. Stumpf, Wells Fargo & Company

James M. Wells III, Suntrust Banks, Inc.

Larry Zimpleman, Principal Financial Group
Organization(s)
Financial Services Roundtable