The Structured Finance Committee of the Association of the Bar of the City of New York will hold its inaugural meeting next month, sources confirmed. The 32-member committee will meet on Wednesday, June 1, at the bar association's midtown Manhattan headquarters and will be presided over by committee chairman Craig Wolson, partner with Duane Morris in New York.
The committee's membership includes in-house attorneys from Moody's Investors Service and Standard & Poor's, as well as from the State of New York Municipal Bond Bank Agency. The committee is also stacked with in-house counsel from several investment banks and monoline insurers. Prospective committee members are handpicked by Wolson and must be approved by the President of the bar association before becoming members. Wolson said the committee - one of the largest at the bar association - is currently full but that another member could be added if a suitable candidate were identified.
At the meeting the committee will discuss topics for its first comment letter, as well as outline the committee's presentation to the public, which it must make as a requirement of the bar association. The committee will also deal with administrative tasks such as setting dues, picking future meeting dates, selecting and assigning subcommittees and outlining general goals for the year. The committee, like most bar association committees, will not meet over the summer but will re-convene in September and meet once a month through June.
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