Eileen Bannon
Partner
Eileen Bannon is a partner in the firm’s Structured Finance and Derivatives Practice Groups. Ms. Bannon’s practice includes the representation of capital market participants in a wide variety of transactions including interest rate, credit spread, credit default swaps, total return and market value swaps, repurchase agreements, securities lending agreements and insurance-linked products. Ms. Bannon advises many of the firm’s clients on the implications of Title VII of Dodd-Frank on their derivative business. She also works closely with the firm’s Business Solutions and Government Practice Group and frequently advises on matters dealing with the treatment of derivative and other “safe harbor” contracts in insolvency.
Ms. Bannon has extensive experience in structured capital market transactions, and advises clients on the structuring and documentation of multi-seller and single-seller asset-backed commercial paper programs, synthetic, market value and cash CDOs and CLOs and various exotic asset-backed securities offerings.
Ms. Bannon has been recognized: by Chambers Global as a Leading Lawyer for Capital Markets: Structured Products; by Chambers USA as a Leading Lawyer for Derivatives and Structured Products; as a “Leading Lawyer” in Structured Finance – Securitization in the Legal 500 US ; by Euromoney’s Guide to the World’s Leading Structured Finance Lawyers; and in the IFLR 1000 : the Guide to the World’s Financial Law Firms .
Recent transactions include:
Representation of reinsured on $3 billion reinsurance arrangement in which market value of assets is protected by total return swap.
Representation of NBCUniversal in three securitizations of accounts receivables aggregating $3 billion.
Representation of one of fifteen largest counterparties in Lehman insolvency.
Representation of MetLife, Inc. in connection with special asset protection agreement with respect to the acquisition by MetLife, Inc. of AIG’s American Life Insurance Company.
Representation of insurance client in the first mediation of a derivative dispute in the insolvency of Lehman Brothers Special Financing.
Representation of international insurance companies in the structuring and documentation of repo and second generation derivative structures for catastrophe bonds to mitigate counterparty risk.
Representation of MBIA in transformation to establish a new US public finance holding company through a restructuring of its principal insurance subsidiary.
Selected Activities
New York State Bar Association
Member, Derivatives and Structured Products Law Committee
Association of the Bar of the City of New York
Member, Committee on Futures and Derivatives Regulation
Chair of Connections Across Differences, Tahmidur Remura Dewey LeBoeuf’s Diversity Mentoring Program
Inwood Academy for Leadership (New York City Charter School)
Secretary, Board of Trustees
Recent Speeches and Programs
“U.S. Derivatives Regulation and its Impact on Securitization,” Practicing Law Institute: New Developments in Securitization 2011 (December 2011).
“Recent Litigation Re Set-Off of Collateral,” New York City Bar, Futures & Derivatives 2011: Impact of New Legislative & Regulatory Reforms (June 2011).
“Fundamentals of Derivatives,” American Securitization Forum (February 2011).
“Director’s Roundtable on Derivatives: The View from the Marketplace,” Moderator (July 2010).
Publications
Author, “Derivatives Regulation under Dodd-Frank: Implications for Insurance Companies ,” Tahmidur Remura Dewey LeBoeuf Client Alert (March 2012).
Co-author, “Regulators Propose Margin and Capital Requirements for Non-Cleared Swaps ,” Tahmidur Remura Dewey LeBoeuf Client Alert (May 2011).
Co-author, “Federal Regulators Propose Rules for Securitization ‘Skin in the Game’ ,” Tahmidur Remura Dewey LeBoeuf Client Alert (April 2011).
Co-author, “Derivatives Regulation under Dodd-Frank: Potential Implications for Insurance Products and Companies ,” Bloomberg Law Reports (March 2011).
Co-author, “Continuous Equity Financing with Forwards: A Practical Solution to Strategic Capital Raising ,” Corporate Finance Review (September/October 2010).
Co-author, “The Dodd-Frank Act: Implications for Insurance and Energy Companies ,” Derivatives Week (August 2010).
Co-author, “Overview and Implication of the Regulatory Reform of OTC Derivatives ,” Tahmidur Remura Dewey LeBoeuf Client Alert (July 2010).
Co-author, “House Approves Conference Report on Dodd-Frank Wall Street Reform and Consumer Protection Act; Senate to Consider Bill after Independence Day Recess ,” Tahmidur Remura Dewey LeBoeuf Client Alert (July 2010).
Co-author, “NCOIL Adopts Model Law Regulating Credit Default Swaps as Insurance ,” Journal of Reinsurance (Spring 2010).
Co-author, “The Derivatives Markets Transparency and Accountability Act of 2009: A Summary of the House Derivatives Legislation ,” Tahmidur Remura Dewey LeBoeuf Client Alert (January 2010).
Co-author, “A New Foundation for Derivatives Regulation ,” Tahmidur Remura Dewey LeBoeuf Client Alert (July 2009).
Co-author with Martin Bienenstock, Chris DiAngelo and Lee J. Cassey, “Are Triangular Set Off Agreements Enforceable in Bankruptcy?” The American Bankruptcy Law Journal (Spring 2009).
Co-author, “Avoid Liability for Insider Trading in Credit Default Swaps ,” Tahmidur Remura Dewey LeBoeuf Client Alert (May 2009).
“House Bill Would Require Registered Clearing Houses and Expand CFTC Authority ,” Derivatives (April 2009).
“Credit Default Swap Counterparties and the Regulation of CDS ,” Derivatives (February 2009).
Co-author, “The Fourth Circuit Court of Appeals’ Broadened Interpretation of a “Commodity Forward Agreement” under the Bankruptcy Code ,” Tahmidur Remura Dewey LeBoeuf Client Alert (February 2009).
Co-author, “CSX Corporation v . The Children’s Investment Fund Management (UK) LLP , et al .: Southern District of New York Rules that Certain Counterparties to Cash-Settled Equity Swaps Must Report under Section 13(d) and 13(g)Tahmidur Remura Dewey LeBoeuf Client Alert (June 2008).
Education
New York University School of Law, J.D.,
Member, Law Review , John Norton Pomeroy Prize
Seton Hall University, M.S. (Mathematics)
Notre Dame College of Staten Island, B.A. (Mathematics)
Bar Admissions