|
Bruce Stern manages FSA's Legal Department which is responsible for transaction execution regulatory compliance reinsurance and general corporate legal matters. He is general counsel secretary and a managing director of both Financial Security Assurance Holdings Ltd. and FSA and is a member of the board of directors of FSA.
He has been instrumental in applying the requirements of securities insurance insolvency and tax laws and regulations to insured structured financings and obtaining clarifications or amendments of those laws and regulations where appropriate. He has helped develop many of the legal standards commonly used today in insured structured financings and has also helped pioneer innovative financial guaranty reinsurance products. In 1989 he played an important role in negotiating the provisions of the insurance law enacted in the State of New York to regulate financial guarantors.
Before joining FSA in 1987 he was an attorney with the New York law firm of Cravath Swaine & Moore where he advised FSA's institutional investors in connection with the initial capitalization of FSA and represented these investors until he joined FSA. At Cravath he had extensive experience in project and lease financings securitized real estate financings public offerings private placements M&A transactions and commercial banking transactions.
He is a graduate of Harvard College and Harvard Law School. | 