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Fundamentals of Swaps & Other Derivatives 2013

Author(s): Gary Barnett, Joshua D. Cohn
Practice Area: Banking, Corporate & Securities
Published: Oct 2013
PLI Item #: 43240
CHB Spine #: B2054

Gary Barnett is a Deputy Director in the Division of Trading and Markets at the U.S. Securities and Exchange Commission (SEC), where he is responsible for broker­ dealer and security based swap dealer oversight, including capital, margin and segregation rules, governance and risk management; derivatives policy; certain trading practices; and Volcker.

Prior to joining the SEC, Mr. Barnett was the Commodity Futures Trading Commission's Director of the Division of Swap Dealer and Intermediary Oversight. There he established the swap dealer registration and compliance programs, led the responses to the FCM and RFED crises following MF Global, including the reorientation of the exam program and the creation and adoption of the FCM customer protection rules, and formed DSIO's funds team and led many of its key initiatives.

Before joining the CFTC in 2011, he was a partner and head of the U.S. Derivatives and Structured Finance Practice Group at Linklaters LLP. Prior to Linklaters, he was a partner and co-head of the Securitization and Derivatives Practice at Shearman & Sterling LLP.

Mr. Barnett was an adjunct professor of law and taught Derivatives Regulation at Cornell Law School from 2012 through 2015, chaired PLl's annual conference on New Developments in Securitization from 1995 through 2010, and is a member of the New York, California and Oklahoma bars.

**Note – Joshua Cohn retired from partnership at Mayer Brown this summer

Josh Cohn
is the head of **Mayer Brown's US Derivatives & Structured Products practice and co-leader of the global Derivatives & Structured Products practice. He concentrates his practice on derivatives and has extensive experience as US counsel to the International Swaps and Derivatives Association (ISDA), and represents dealers and end-users in a wide range of transactions.

Prior to joining Mayer Brown from Allen & Overy, Josh was the Derivatives Counsel at Cravath Swaine & Moore in New York; Senior Vice President and General Counsel at DKB Financial Products, Inc.; First Vice President and Counsel at Security Pacific National Bank; an Associate at LeBoeuf, Lamb, Leiby & Macrae; and a Law Clerk at the US Court of Appeals - Ninth Circuit.

Josh is listed for derivatives law in The Best Lawyers in America while the IFLR 1000 and The Legal 500 list Josh as one of the world’s leading derivatives lawyers. Josh has been ranked in band 1 of Chambers USA since 2008. In 2014, Chambers USA characterized Josh as a "derivatives oracle," and in 2013, as a "luminary." In 2012, Chambers Global published clients describing Josh as having “an almost encyclopedic knowledge of the derivatives market.” In 2010, sources noted his “great depth of experience and understanding of market trends.” In 2008 and 2009, clients noted he “…is one of the greats in derivatives because of his extensive knowledge" and that he is “doubtless one of the best derivatives lawyers in the world.”