Pat Doran speaks on Federal Home Loan Banks process of registering with the SEC
Pat Doran, Vice President, General Counsel and Secretary of FHL Bank of Topeka, spoke to Washburn Law students on Monday January 31, 2005 about the Federal Home Loan Banks process of registering with the Securities and Exchange Commission.
f Doran spoke about the history and the structure of FHL Bank and other government-sponsored enterprises. Doran then discussed securities law and how it applies to FHL Bank. FHL was exempt from most securities laws, but is now voluntarily registering with the SEC. Doran spoke about the new disclosure regime and the initial process of filing with the SEC.
Doran also discussed all of the new policies that FHL Bank must implement in order to meet the SEC's regulations and the new regulations created by the Sarbanes-Oxley Act. The bank is in the process of implementing several policies, including a whistle blower policy and a formal policy for reporting any legal issues that might arise. FHL has created a process for sharing information between the twelve FHL Banks, determining if there are any potential conflicts with their senior financial officers, and dealing with those conflicts. The bank is also educating their colleagues and customers on their new programs.
Blake Reitz contributed this article.
