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Cleary Gottlieb Steen & Hamilton

ONE LIBERTY PLAZA, NEW YORK, NY 10006, USA
Tel:
Work +1 212 225 2000
Fax:
Fax +1 212 225 3999
Email:
Web:
www.cgsh.com
Abu Dhabi, Beijing, Brussels, Buenos Aires, Cologne, Frankfurt and 10 more

Edward Rosen

Tel:
Work 1 212 225 2820
Email:
Cleary Gottlieb Steen & Hamilton

Position

Edward J. Rosen is a partner based in the New York office. Mr. Rosen’s practice includes domestic and international matters, specializing in the structuring of complex securities and derivatives transactions, U.S. securities and commodities law regulation and financial product development and documentation. Mr. Rosen advises a broad range of market participants, including trade associations, exchanges, clearinghouses, investment banks, commercial banks, brokers, electronic trading platforms, money managers, traders, professional intermediaries and end users, in the U.S. and abroad. Mr. Rosen has served as counsel to the Securities Industry and Financial Markets Association, the Futures Industry Association, the International Swaps and Derivatives Association and the Institute of International Bankers. Mr. Rosen is a co-author of the two volume treatise U.S. Regulation of the International Securities and Derivatives Markets (Tenth Ed., Wolters Kluwer, 2011).

Member

Past member ISDA Regulatory Advisory Committee, past member FIA Board of Directors, Advisory Board, Oxford University Press Capital Markets Law Journal.

Education

Mr. Rosen received a J.D. degree from Columbia University School of Law in 1982, where he was a Stone Scholar, and an undergraduate degree with honors from Balliol College, Oxford University, in 1975.


United States: Finance

Financial services regulation

Within: Financial services regulation

Steeped in 'real word experience', Cleary Gottlieb Steen & Hamilton excels in providing strategic, high-level counsel to systemically important financial institutions (SIFIs). Utilizing the expertise of lawyers across numerous international offices, a key part of the firm's success in the area is its ability to provide coordinated advice that is mindful of regulatory concerns not just from a US perspective but from a global one. Leveraging expertise gleaned from his time at the Federal Deposit Insurance Corporation (FDIC), Michael Krimminger spearheads the firm's market-leading resolution planning work for domestic and international financial institutions, including Capital One and Credit Suisse - work which includes the development of global strategies for resolution as well as advice on optimal debt and equity strategies in response to changing US and global requirements. Krimminger has also been a pivotal presence on many of the firm's fintech-related mandates, including helping Paxos Trust Company become the first US-chartered and regulated virtual currency exchange. The 'excellent' Derek Bush continues to represent domestic and foreign banks on Volcker Rule matters, including providing advice on permissible activity under the rule, as well as on the restructuring and spinning out of trading and fund operations to minimize its impact. In addition to her banking M&A and anti-money laundering (AML) expertise, Katherine Mooney Carroll is also well regarded in the market for her Volcker Rule knowledge.  'Very experienced' senior counsel Jack Murphy is noted for his bank regulatory expertise, while on the trading front, New York-based Edward Rosen  and Colin Lloyd  continue to advise many large US banks on how to restructure their swap-dealer businesses to comply with Dodd-Frank and also regularly act for Securities Industry and Financial Markets Association (SIFMA) on derivatives matters. Attorneys are based in Washington DC, unless otherwise indicated.

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Structured finance: derivatives and structured products

Within: Leading lawyers

Edward Rosen - Cleary Gottlieb Steen & Hamilton

Within: Structured finance: derivatives and structured products

Cleary Gottlieb Steen & Hamilton advises a number of industry associations on cleared derivative regulations, and has 'unparalleled expertise in agency transactions', where it has been especially active in equity deals such as forward hedging and accelerated share repurchase transactions. In one standout matter, Michael Dayan acted for Advance/Newhouse Partnership as counterparty to a collar plus revolving loan transaction, which was secured by six million exchangeable partnership units in Charter Communications Holding. Additionally, Dayan and David Lopez advised Credit Suisse International (CSI) on a variable forward transaction with De Agostini, and advised Credit Suisse Securities, as underwriter, on a related equity offering to establish CSI's hedge position in relation to the forward transaction. Another key figure is Colin Lloyd, who has expertise in crypto trading, and recently assisted Paxos Trust Company with the development of a blockchain trading platform for the settlement of gold bullion trading through the London OTC market. In the regulatory space, Lloyd and senior counsel Edward Rosen are advising SIFMA and Institute of International Bankers on issues arising from the harmonization of SEC and CFTC rules with respect to security-based swaps. Seth Grosshandler moved into a senior counsel role in 2018.

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