Chief Legal Architect and a co-founder of Caffrey.AI
Steven Lofchie is the Chief Legal Architect and a co-founder of Caffrey.AI, an AI platform built for law firms, banks, and the financial regulatory industry. He is also a partner at Norton Rose Fulbright, where he advises financial institutions on securities laws, the Commodity Exchange Act, and broker-dealer regulation. Ranked by Chambers USA every year since 2007, he is the author of “Lofchie’s Guide to Broker-Dealer Regulation,” long considered the leading treatise on the subject.
Recent Articles & Comments
It would be interesting to know whether he also lied about his age or height. See
Concerns remain about whether this rulemaking might injure the institutions that it is intended to protect by handicapping their ability to compete at market rates for talent. See .
This is a well-deserved promotion for Katherine Darras who is a highly respected attorney and well qualified for this important position.
Central clearing might be a praiseworthy innovation, but it also shares a common trait with fire: it has to be contained. When the Dodd-Frank Act was adopted, central clearing was touted as a near-magical cure for financial product risk. However, it has significant limitations, such as its effectiveness only with products that are traded broadly. Though central clearing might increase netting and setoff with regard to individual products, it also lessens the degree to which counterparties…