Sibos 2013 - Dubai - Speaker
Managing Director and General Counsel
DTCC (UNITED STATES)
Larry Thompson is Managing Director and General Counsel of The Depository Trust and Clearing Corporation (DTCC). He is a member of the DTCC Executive Leadership Team. Thompson is responsible for all legal and regulatory activities of DTCC and its subsidiaries and regularly interfaces with government and regulatory agencies on issues impacting the company. Thompson also provides crisis management counsel to the senior leadership team. Thompson has negotiated merger-and-acquisition agreements with other clearing agencies and depositories and has handled other complex negotiations with strategic partners and service providers. Thompson also serves as a member of the Board of Directors of New York Portfolio Clearing (NYPC), a joint venture derivatives clearinghouse owned equally by NYSE Euronext and DTCC. He began his legal career with DTC as Associate Counsel in 1981. He was elected Vice President and Deputy General Counsel in 1991, Senior Vice President in 1993, General Counsel of DTC in 1999, Managing Director and First Deputy General Counsel of DTCC in 2004, and was named to his current position in 2005. Previously, he was a partner in the New York law firm of Lake, Bogan, Lenoir, Jones & Thompson. Thompson began his legal career at Davis Polk & Wardwell. He is a 2005 David Rockefeller Fellow, having been selected to participate in a program designed to strengthen its fellows’ business and civic leadership skills, positioning them to help shape the future of New York City. In addition, he is a New York County Lawyers’ Association 91st Annual Dinner Honoree Celebrating Jurists and Lawyers of Color. Thompson is a Member of the American Foundation for the Blind Presidents Council and a former Trustee of The American Foundation for the Blind. He also has been a Guest Speaker at the Yale University class, “Understanding Global Financial Centers.” Thompson is also the former Chairman of the Securities Clearing Group and former Co-Chairman of the Unified Clearing Group. His memberships include the New York State Bar Association; the New York County Lawyers’ Association; Association of the Bar of the City of New York; Business Executives for National Security; and the Global Association of Risk Professionals. He is a former director of the Legal Aid Society of New York and a former director of The Studio Museum of Harlem. Thompson earned his B.A. degree from Yale University with cum laude honors and as Scholar of the House. He earned his Law degree at the University of California at Berkeley.
Monday 16 September
|11:00 - 12:00CR1||Does cost of regulation promote concentration risk? |
This session will focus on some potential unintended consequences of recent regulatory initiatives. We will examine whether regulation has negative impacts on market competition. Bigger players might be better placed to comply with the new requirements and absorb the related costs, while smaller players might be pushed out of the market. We will explore the risk of a regulatory-based rise in “too big to fail” MIs, and whether outcomes could be the exact opposite of what regulations were set to address.
John P Berry , Chief Executive Officer, STET
Dominic Hobson, Founder, COO Connect: the peer group network for fund managers and investors
Mathias Papenfuß, Member of CBF Executive Board, Head of Operations, Clearstream International
Rebecca Terner, Executive Director – Policy and Regulatory Affairs, Asia Securities Industry & Financial Markets Association (ASIFMA)
Larry Thompson, Managing Director and General Counsel, DTCC