TARP Compliance and Enforcement: What the Legal and Financial Sectors Can Expect*
Many financial and lending institutions have applied for funds from the Department of Treasury as part of the Troubled Asset Relief Program (TARP). With President Obama emphasizing unprecedented transparency and accountability, Neil Barofsky, the Special Inspector General for TARP, is committed to monitoring the use of these funds closely.
Recent legislative and regulatory actions have created compliance issues, risks and exposure to liabilities not previously faced by financial institutions. With the passage of the Fraud Enforcement and Recovery Act of 2009, the potential for institutions receiving TARP funds to face False Claim Act issues is on the rise as the SIGTARP intends to closely scrutinize how TARP recipients report and certify their use of those funds.
This program will address how TARP funds are being monitored and how TARP fund recipients and their counsel can prepare for the enforcement actions that are likely to arise in the upcoming months and years.
Moderator: Chris Myers, Holland & Knight LLP, Washington, DC
Panelists: Meredith Auten, Morgan, Lewis & Bockius LLP, Philadelphia, PA
David Berardinelli, DeForest Koscelnik Yokitis Kaplan & Berardinelli, Pittsburgh, PA
Ken Evola, Managing Director, Huron Consulting Group, Washington, DC
Alexandra Gaugler, Pietragallo Gordon Alfano Bosick & Raspanti, LLP, Philadelphia, PA
Kevin Puvalowski, Deputy Special Inspector General, TARP
Mark Tenhundfeld, Senior Vice President Office of Regulatory Policy, American Bankers Association, Washington, D.C.
When: 6 – 8:30 p.m. (6-7 p.m. reception, program to follow)
Thursday, June 18, 2009
Where: Morgan, Lewis & Bockius LLP 1111 Pennsylvania Ave. NW
This program is sponsored by the Washington, D.C. and Mid-Atlantic Regional Subcommittees, along with the Washington, D.C. and Philadelphia Young Lawyers Subcommittees of the ABA Criminal Justice Section’s White Collar Crime Committee
*Complimentary CLE (MCLE Credits have been applied for in NJ, PA and VA)
RSVP to Robert Snoddy at email@example.com or 202/662-1516