The Institute of International Bankers presented a seminar on Dodd-Frank on January 23 in Skadden's New York office. The full-day seminar provided a comprehensive review and discussion of Dodd-Frank Act issues of interest to foreign banks operating in the United States. New York investment management partner Heather Cruz participated in a panel titled "Volcker Rule: Covered Funds" focusing on SOTUS and its application to third-party funds with U.S. investors; and the Volcker Rule’s impact on foreign public and private funds.