Preventing the Next Bubble: Risk Management and Regulation

 

"Preventing the Next Bubble: Risk Management and Regulation"
June 16, 2010 - Bohemian National Hall
Moderator: President Stephen J. Friedman

  

 H. Rodgin Cohen
Sullivan & Cromwell LLP

H. Rodgin Cohen is a partner and Senior Chairman at Sullivan & Cromwell LLP. He was Chairman of the Firm from July 1, 2000 through December 31, 2009. The primary focus of his practice is regulatory, acquisition, corporate governance and securities law matters for major U.S. and international financial institutions and their trade associations.

Mr. Cohen has acted in most of the major U.S. bank acquisitions and recent government-sponsored and capital-raising efforts, and provides corporate governance advice to a large number of financial and non-financial institutions, He has played a singular role in events that have changed the face of the financial services industry and economy, for which The American Lawyer ranked him #1 among its 25 "Dealmakers of the Year" in 2009, noting that "he was Wall Street's go-to lawyer during the most important months for the American banking industry since the Great Depression." In October 2009, the Financial Times presented Mr. Cohen with an FT Special Achievement Award in recognition of his work on nearly 20 substantial credit crisis-related transactions. He was the only lawyer named to "The Power 25: Leaders in Finance" list published by Institutional Investor in its December 2009/January 2010 issue. In March 2010, Mr. Cohen was named one of the "Decade's Most Influential Lawyers" by The National Law Journal. The publication noted that he has been "a superstar in the legal industry for years."

Under Mr. Cohen's leadership, S&C has been involved in virtually every aspect of the response to the global credit crisis, including negotiating with government regulators on a series of rescue financings, including for AIG and Fannie Mae; securing regulatory approval to provide significant capital infusions to U.S. financial institutions, including Citigroup, Merrill Lynch and Morgan Stanley; advising Bear Stearns, Sovereign Bancorp, Wachovia, National City, Lehman Brothers and Washington Mutual on mergers and acquisitions; representing American Express and Goldman Sachs in bank holding company reorganizations; and assisting non-U.S. clients, such as Allianz, Barclays and ING Groep, with significant capital-raising activities.

Mr. Cohen currently serves on the task force supported by The Pew Financial Reform Project, which was launched by The Pew Charitable Trusts in May 2009 to provide objective, fact-based analysis for the debates in Congress over establishing a new framework for financial regulation. He also is or has been a member of the IIF Special Committee for a Strategic Dialogue for Effective Regulation, the Treasury Advisory Committee on the Auditing Profession, The New York State Commission to Modernize the Regulation of Financial Services and The Financial Services Roundtable’s Blue Ribbon Commission on Enhancing Competitiveness.

Mr. Cohen is a trustee of New York Presbyterian Hospital, the Hackley School, Deerfield Academy, Hampton University, Lincoln Center Theater and, formerly, the Economic Club of New York, and is a member of the advisory boards of United Way of Westchester-Putnam, the University of Charleston and Wall Street Rising, which in 2005 honored him with its annual Leadership Award for his "steadfast commitment to Lower Manhattan" in the aftermath of the attacks of September 11, 2001.