CSL Consulting maintains connections with numerous independent industry professionals, academics, and economic consulting firms for engagements requiring additional resources or specialization.
Core Services
Expert Analysis & Testimony
Analysis, expert reports, and testimony covering a variety of financial industry and economic topics within the context of liability, class certification, and damages matters. Previous testimony provided in Federal and State Court matters as well as U.S. and international arbitration forums. Over a decade of experience performing expert work for numerous law firms representing financial institutions, corporations, and individuals.
Consulting & Advisory
Comprehensive consulting and advice in areas including financial product and portfolio-level risk, risk management, governance, and regulatory compliance. Previous consulting work has covered trading risk management, loan underwriting, credit risk-rating, market impact analyses, enterprise-wide risk management, and anti-money laundering compliance.
Investigation & Monitor Services
Financial Investigation and monitorship services for financial institutions, regulators, and enforcement authorities spanning underlying activities including trading, lending, deposits, funds transfer, and other financial services. Previous work has focused on potential trading fraud and manipulation, securities and derivative valuation procedures, anti-money laundering programs, and other areas of regulatory compliance.
Training & Speaking Engagements
Training and presentations on financial industry topics for private corporations, industry associations, and regulators. Previous training assignments have covered the U.S. financial crisis, financial industry laws and regulations, financial risk management standards and best practices, financial institution governance structures, the U.S. Federal Reserve, bond markets, and credit rating agencies.
Engagement Examples
Nora Fernandez, et al. v. UBS AG, et al. (class action), 2017-2018
Simpson Thacher & Bartlett LLP
Expert on behalf of defense in class action matter involving 20+ closed-end investment funds. Topics covered included investment suitability, damages, municipal bonds and bond funds, fund leverage, credit ratings, and fund disclosures. Class certification and merits reports filed. Depositions provided.
Securities and Exchange Commission v. Larry A. Goldstone, Clarence G. Simmons III, and Jane E. Starrett, 2014-2016
Wilmer Cutler Pickering Hale and Dorr LLP; Milbank Tweed Hadley & McCloy LLP
Expert on behalf of defense in a case dealing with mortgage backed securities, financial accounting, and related issues. Topics covered included the financial crisis of 2007-2009, security impairment, regulatory reporting, financial accounting, repurchase agreements, and market, product, and institution liquidity. Deposition and trial testimony provided.
Various Claimants v. Primerica Financial Services Investments, Inc., 2013
Ciklin Lubitz Martens & O’Connell; Rogers & Hardin LLP
Expert on behalf of respondents in disputes involving state employee conversions of defined benefit plans to defined contribution plans. Topics covered included portfolio management, market risk, pension obligor risk, pension and fund disclosures, mortality risk, statistically simulated portfolio results, and damages. Testified at multiple arbitrations.
Board of Trustees of the AFTRA Retirement Fund v. JPMorgan Chase Bank, N.A., 2010
Paul Weiss Rifkind Wharton and Garrison LLP
Expert on behalf of defense in ERISA case dealing with recommendations to fiduciary clients. Topics covered included bank and ERISA fiduciary duties, information walls, conflicts of interest, bank risk and compliance processes, material non-public information, repurchase agreements, and structured investment vehicle (SIV) debt. Deposition provided.
US v. Bogucki, 2018-2019
Kaplan Hecker & Fink LLP; Debevoise & Plimpton LLP
Led analysis and served as expert on behalf of defendant in criminal case where US Department of Justice alleged a foreign exchange (FX) options trading manager inappropriately traded ahead of a counterparty, manipulated market prices, and provided a counterparty false information. Analysis and planned testimony included FX options risk and risk management, market-making practices, hedging, pre-positioning, ISDA agreements, bank regulatory requirements, bank governance processes, trading custom and practice, and fiduciary duties.
Advisor to National Bank of Tajikistan, 2019-2021
Evaluated processes and provided recommendations to the National Bank of Tajikistan (the Central Bank of Tajikistan) with respect to its management and investment of foreign reserves. Areas covered included fixed income risk management, reporting, accounting, governance, and operations. Work performed on a pro-bono basis through the Financial Services Volunteer Corps (FSVC).