Cadwalader allows sharing content.
Email to a friend or colleague:
From
To
Subject
Email Ordinarily, in writing with regard to a proposed law, the expected role of the law firm lawyer is to provide a description rather than commentary. In the case of the proposed Derivatives Legislation, the law firm lawyer attempting a non-committal description must confront the following problems: the Derivative Legislation’s substance is inconsistent with its stated purposes; the Derivatives Legislation would give a degree of discretionary power to the U.S. government that is far out of the ordinary; the legislation is loosely drafted in even its key provisions; it could make for radical changes in the financial system that seem not to have been considered; it would likely motivate institutions to move jobs to Europe, damaging the U.S. economy and particularly the Northeastern financial center economy; it would discourage banks’ capital market and real estate lending in the United States by increasing their risks; and it would hurt banks' profitability. https://www.cadwalader.com/resources/clients-friends-memos/some-concerns-with-the-derivatives-legislation