Paul E. Means
Mr. Means is an associate in Davis Polk’s Financial Institutions Group. He advises financial institutions, corporations and industry groups on the requirements, impact and implementation of financial regulatory reform legislation, including with respect to the regulatory treatment, trading and clearing of derivatives under Title VII of the Dodd-Frank Act and the Volcker Rule proprietary trading restrictions.
He is a member of FIG’s core team that focuses on innovative ways to use technology to deliver information and advice to clients. This team developed and manages an array of products and websites, including the Davis Polk Volcker Portal, the Davis Polk Regulatory Hub and FinRegReform.com. Through these and other projects, he works closely with major financial institutions to employ new technology and to develop and refine implementation and compliance plans to address financial regulations in an ever-changing regulatory environment.
Mr. Means has been actively involved in analysis and advice relating to financial regulation, including:
- Frequent advice to clients, both buy-side and sell-side, on the impact and implementation of the Dodd-Frank Act, particularly as it relates to swaps and security-based swaps and the Volcker Rule
- Development of the Davis Polk Volcker Portal, a web-based legal analysis tool that combines intelligent data collection surveys with Davis Polk legal guidance to facilitate efficient review of trading operations and funds businesses for conformance with the Volcker Rule
- Management of the Davis Polk Regulatory Hub, an online subscription service providing analysis of new regulations and requirements for swap dealers and security-based swap dealers under Title VII of the Dodd-Frank Act
Ongoing advice and assistance regarding the CFTC and SEC regulatory framework, including the dealer registration process, development and implementation of compliance plans, ongoing monitoring of compliance and annual regulatory compliance reporting, transaction classification and reporting, and the extraterritorial application of CFTC and SEC swap regulations to cross-border derivatives transactions
- Davis Polk since 2011