In the derivatives area, Anna counsels a number of major financial institutions acting as dealers and participants in the commodities and derivatives markets. She advises on structuring issues as well as on regulatory issues, including those arising under the Dodd-Frank Act. Her work focuses on foreign exchange, equity and credit derivatives products, and structured derivatives transactions. Anna has experience with a wide range of transactions and structures, including collars, swaps, forward and accelerated repurchases, forward sales, hybrid preferred stock and off-balance sheet structures. She also has advised derivatives dealers regarding their Internet sites and other Internet and electronic signature/delivery issues, as well as on compliance matters.
Anna regularly speaks at conferences and participates in panel discussions addressing securities law issues, as well as the securities issues arising in connection with derivatives and other financial products. Anna has testified before Congress as a subject matter expert on securities law related matters in connection with initiatives designed to promote capital formation. She is co-author of the leading capital markets treatise, Corporate Finance and the Securities Laws, published by Wolters Kluwer (sixth ed., updated 2020, 2022; seventh ed. 2023, updated 2024). Anna is also co-author of the treatise Exempt and Hybrid Securities Offerings, published by the Practising Law Institute (PLI) (2009, second ed. 2011, updated 2014, third ed. 2017, fourth ed. 2022, updated 2024); co-author of A Deep Dive Into Capital Raising Transactions, published by the International Financial Law Review (2020); co-author of BNA Tax and Accounting Portfolio: SEC Reporting Issues for Foreign Private Issuers, published by Bloomberg Law’s BNA Accounting Policy and Practice Series (2009, second ed. 2012, third ed. 2016, fourth ed. 2020); and co-author of Structuring Liability Management Transactions, International Financial Law Review (2018).
. Anna is a contributor to Regulation of Swaps and Security-Based Swaps in the United States (2024 ed.), formerly published as
OTC Derivatives Regulation Under Dodd-Frank: A Guide to Registration,
Reporting, Business Conduct, and Clearing, published by Thomson Reuters (first ed. 2014, second ed. 2015, third ed. 2016, fourth ed. 2017, updated 2020-2023), and a contributor to
Broker-Dealer Regulation, published by PLI (2011, second ed. 2012, updated 2024). Anna has also co-authored
JOBS Act Quick Start, International Financial Law Review (2013; updated 2014, 2016);
Considerations for Foreign Banks Financing in the US, International Financial Law Review (2012; updated 2014, 2016);
Liability Management: An Overview, International Financial Law Review (2011, updated 2015); and
Covered Bonds Handbook, Practising Law Institute (2010, updated 2012-2014). She co-authored “The Approaches to Bank Resolution,” a chapter in
Bank Resolution: The European Regime (Oxford University Press, 2016). Anna contributed to
The Future of Bank Funding and Capital: Solutions for Issuers,
Opportunities for Investors (IFR Market Intelligence, 2009). Additionally, Anna co-authored “The Ties that Bind: The Prime-Brokerage Regulation,” a chapter in
Global Financial Crisis (Globe Law and Business, 2009); “The Law: Legal and Regulatory Framework,” a chapter in
PIPEs: A Guide to Private Investments in Public Equity (Bloomberg, 2006); and “The Impact Security: Reimagining the Nonprofit Capital Market,” a chapter in
What Matters: Investing in Results to Build Strong, Vibrant Communities (Federal Reserve Bank of San Francisco and Nonprofit Finance Fund, 2017).
Anna is a member of the Editorial Board for the
International Financial Law Review and on the Board of Advisors of
The Review of Securities & Commodities.
Anna is a member of the American Bar Association's (ABA) Committee on the Federal Regulation of Securities, a member of the subcommittee on Disclosure and Continuous Reporting, chair of the subcommittee on Securities Registration, chair of the subcommittee on Annual Review, and a member of the task force on the future of securities regulation. Anna is chair of the New York City Bar Association’s Banking Law Committee.
She has participated in the drafting committee for the ABA's comment letters on such topics as securities offering reform, revisions to the definition of accelerated filer and smaller reporting company, amendments to the accredited investor definition; amendments to the exempt offering framework; and various JOBS Act-related and disclosure effectiveness related matters. Anna also is a member of the ABA Committee on the Regulation of Futures and Derivatives Instruments. Anna is a chair of the Structured Products Association Legal, Regulatory and Compliance Executive Committee. She is a member of the Mortgage Bankers Association's Mortgage REIT Council and a member of the MBA's Secondary & Capital Markets Committee.
Anna is an adjunct professor at the George Washington University School of Law and member of the George Washington University Center for Law, Economics & Finance Advisory Board. She is a member of the Visiting Committee of the Law School of the University of Chicago. Anna was a member of the University of Chicago Legal Forum during her time at the University of Chicago Law School.
