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Guy Dempsey Of Counsel
New York Office
+1.212.940.8593
Practices
FOCUS: Futures and Derivatives
Distressed Debt and Claims Trading
Distributed Ledger Products, Services and
Technology
Financial Markets and Funds
Financial Markets Litigation and Enforcement
Investment Management and Funds
Structured Products
Industries
Finance and Financial Markets
Education
JD, New York University School of Law
BA, Yale University, cum laude
Bar Admissions
New York
Community Involvements
International Swaps and Derivatives
Association, Inc., Documentation Committee
Futures Industry Association, Law &
Compliance Division
American Bar Association, Derivatives and
Futures Law Committee
Association of the Bar of the City of New
York, Futures and Derivatives Committee
New York State Bar Association, Derivatives
and Structured Products Law Committee
Journal of Derivatives and Hedge Funds,
Editorial Board
Few lawyers understand derivative products and the regulations that govern
them as well as Guy Dempsey. That understanding comes from extensive
hands-on involvement with complex derivative transactions and
documentation, detailed knowledge of current regulation and market
practices, and intimate familiarity with the consequences when derivatives go
wrong. Guy has spent nearly as many years as an in-house bank lawyer as
he has as an outside counsel, so he also knows how to give advice that is
practical as well as legally correct.
Practical advice for decision makers
Guy's deep product knowledge and in-house experience help him address
legal issues in ways that make business sense to clients. Sometimes, that
just means being able to understand and use market terminology; other
times, it may mean creating a compliance policy that actually reflects the way
business is done. He knows how to craft a legal solution to a problem that
takes into account the limitations of a client's systems and operational
capabilities. Because he represents all types of clients, he can help dealers
to understand what is important to end users, and end users to understand
what is important to dealers.
Guy has been involved in ISDA documentation projects dating back to the
drafting of the 1992 master and the credit support annex, and also
participates actively in relevant bar association and industry committee work.
He has been a speaker at numerous ISDA, PLI and industry presentations.
Before joining Katten, Guy was a managing director at Barclays Bank, where
he held a number of senior positions, including that of general counsel for the
Americas. He also served as managing director and counsel at Bankers
Trust Company, practicing law in both New York and London.
Guy Dempsey Of Counsel
"Guy Dempsey is
sought by clients for
his expertise in
regulatory derivatives
matters. He has over
20 years' experience as
in-house counsel,
which contributes to
the esteem in which he
is held as 'an industry
leader in derivatives
matters.'"
- Chambers Global 2019
(USA, Capital Markets:
Derivatives) survey
response
Recognitions
AV Preeminent Peer Review Rating by LexisNexis Martindale-Hubbell
Best Lawyers in America
o Derivatives and Futures Law, 2019–2020
Chambers Global
o Capital Markets: Derivatives
o USA, 2017–2020
o Capital Markets: Derivatives: Mainly Regulatory
o USA, 2020
Chambers USA
o Capital Markets: Derivatives, 2016–2020
Empire State Counsel®
o Pro Bono Honoree, 2014, 2016
International Law Office
o Client Choice Award
o Derivatives - New York, 2014, 2016, 2017
o International - USA, 2014
JD Supra Reader's Choice - Top Author
o Compliance, 2016
The Legal 500 United States
o Recommended Attorney, 2018–2020
Panel of Recognised International Market Experts in Finance (P.R.I.M.E)
Guy Dempsey Of Counsel
News
Coronavirus (COVID-19) Resource Center (July 2, 2020)
Katten Named Top-Tier Firm in Structured Finance and Securitization by
The Legal 500 United States 2020 Guide (June 16, 2020)
Katten Rated Top Law Firm by Chambers USA 2020 (April 23, 2020)
Carolyn Jackson and Guy Dempsey Discuss COVID-19 Challenges for
OTC Derivatives (April 14, 2020)
Chambers Global Ranks Katten in Derivatives and
Securitisation (February 13, 2020)
Katten Praised in The Legal 500 United States 2019 Guide (June 11,
2019)
Katten Lauded Top Ranked Law Firm by Chambers USA 2019 (April 25,
2019)
Chambers Global Praises Katten Attorneys in Financial Services, Trusts
& Estates (February 21, 2019)
Katten Pro Bono Efforts Help Save Lives, Rebuild Communities in War
Zones (July 9, 2018)
Katten Distinguished by The Legal 500 United States (June 14, 2018)
Katten Rated as Leading Law Firm by Chambers USA 2018 (May 3,
2018)
Katten Attorneys Lauded by Chambers Global 2018 (February 21, 2018)
Guy Dempsey and Gary DeWaal Comment on Recent US Treasury
Regulatory Proposals (October 13, 2017)
Katten Recognized as Leading Law Firm by Chambers USA 2017 (May
30, 2017)
Katten Ranked by Chambers Global 2017 (March 16, 2017)
Guy Dempsey Comments on Dodd-Frank Reform (February 9, 2017)
Guy Dempsey Of Counsel
Chambers USA 2016 Distinguishes 22 Katten Practices and 50
Attorneys (May 27, 2016)
Katten Attorneys Ronni Davidowitz, Guy Dempsey, Christina Hassan
and Floyd Mandell Receive 2016 Client Choice Awards (February 17,
2016)
Guy Dempsey Quoted in Risk.net Article on Lehman v. Moore Swaps
Safe Harbor Showdown (March 11, 2015)
Partner Guy Dempsey Quoted in Law360 Article on CFTC Swaps
Reform (February 3, 2015)
Partner Guy Dempsey Quoted by Law360 New Rules Governing Swaps
Industry (June 16, 2014)
Katten's New York Office and Attorneys David Crichlow and Guy
Dempsey Receive 2014 Client Choice Awards for Outstanding Client
Service (April 14, 2014)
Partner Guy Dempsey Comments on Volcker Rule in MarketWatch and
Bloomberg (December 16, 2013)
Partner Guy Dempsey Comments on Substituted Compliance in Risk
Magazine (July 31, 2013)
Quoted, "Cross-Default Dilemma," Risk Magazine (April 1, 2012)
Partner Guy Dempsey Quoted in Bloomberg Brief: Structured Notes
Regarding FINRA Language on CDS (November 1, 2011)
Partner Guy Dempsey Quoted in Wall Street Journal on Derivatives and
Financial Reform (June 7, 2011)
Katten Expands Financial Services Practice with Prominent Partner
Hires in Chicago and New York (October 25, 2010)
Publications
Corporate & Financial Weekly Digest (Weekly) | Author
Guy Dempsey Of Counsel
LIBOR Preparedness Exams Are Coming – Is Your Firm Ready? (June
6, 2020)
Financial Markets Regulation COVID-19 Resource Center (July 2, 2020)
Hope for the Best but Prepare for the Worst — Steps to Take If You are
Worried About the Effects of the Pandemic on Your ISDA Counterparty
(April 27, 2020)
Part II: Force Majeure Clauses and Physically Settled Power Hedges
Under the ISDA North American Power Annex (April 15, 2020)
Force Majeure Clauses and Financially Settled Transactions Under the
ISDA Master Agreement (April 1, 2020)
Business Not as Usual – COVID 19: US Securities and Derivatives
Industry Regulators Provide Relief and Guidance (March 19, 2020)
The CFTC Proposes New Rules Walking Back Its Maximalist Cross-
Border Swaps Regulatory Approach (March 4, 2020)
EMIR REFIT: What Non-EU Asset Managers Should be Doing Now (May
3, 2019)
CFTC Re-Proposes Capital Rules for Swap Dealers (December 19,
2016)
Questions and Answers Concerning the Final Prudential Regulator
Margin Rules for Non-Cleared Swaps (January 2016)
Proposed CFTC Regulation To Impact Algorithmic Trading and
Traders (December 15, 2015)
New York BitLicense Regulations Virtually Certain to Significantly Impact
Transactions in Virtual Currencies, Journal of Investment
Compliance (December 2015)
Questions and Answers Concerning the Final Prudential Regulator
Margin Rules for Non-Cleared Swaps (December 8, 2015)
Highlights of the Final Prudential Regulator Margin Rules for Non-
Cleared Swaps (November 10, 2015)
European Commission Publishes Delegated Regulation on Mandatory
Clearing for OTC Interest Rate Derivatives (August 18, 2015)
Guy Dempsey Of Counsel
New York BitLicense Regulations Virtually Certain to Significantly Impact
Transactions in Virtual Currencies (July 8, 2015)
BEA Filing Deadline Looms For US Persons With Foreign Affiliates (May
29, 2015)
The Re-Proposed Margin Rules for Non-Cleared Swaps: Some Issues
and Suggestions for End Users (October 31, 2014)
SEC Adopts First Installment of Rules for Cross-Border Security-Based
Swap Activity (July 16, 2014)
CFTC Issues Updated Relief for Cross-Border Trading of Swaps on
Qualifying Multilateral Trading Facilities in the European Union (April 24,
2014)
CFTC Issues Relief for Cross-Border Trading of Swaps on Qualifying
Multilateral Trading Facilities in the European Union (February 14, 2014)
CFTC Proposes Revised Position Limit Rules (November 12, 2013)
CFTC Proposes Revised Aggregation Rules (November 7, 2013)
CFTC Issues Final Guidance on Cross-Border Application of Swap
Regulations (August 16, 2013)
DOL Issues Guidance for ERISA Plans to Engage in Cleared
Swaps (February 25, 2013)
CFTC, SEC Finalize Swap Product Definitions (September 7, 2012)
The CFTC's Proposed Guidance on Cross-Border Swap Regulation and
Proposed Exemptive Order (July 10, 2012)
CFTC and SEC Adopt Final Rules Further Defining "Swap Dealer,"
"Major Swap Participant" and "Eligible Contract Participant" (May 10,
2012)
CFTC Adopts Final Business Conduct Standards for Swap Dealers and
Major Swap Participants (February 15, 2012)
Volcker Rule Permits Bank-sponsored Hedge Fund Access
Platforms (November 14, 2011)
Guy Dempsey Of Counsel
Lehman Brothers Court, Building on SemCrude and Swedbank
Decisions, Denies Triangular Setoff by Swap Counterparty (October 11,
2011)
CFTC, SEC Provide Dodd-Frank Relief for Effective Date
Concerns (June 20, 2011)
CFTC Proposes Substantial Amendments to Speculative Position
Limits (February 22, 2011)
CFTC and SEC Propose Definitional Tests for Swap Dealers and Major
Swap Participants (December 17, 2010)
Presentations and Events
Hear It Directly from the Source (February 4, 2020) | Moderator | Hear It
Directly from the Source: Katten Attorneys Sit Down with the CFTC’s
DSIO Director and NFA’s New OTC Derivatives Head
P.R.I.M.E. Finance New York Conference 2019 (October 17, 2019) |
Participant | Benchmark, Get Set, Go: The Race Toward Alternative
Benchmarks
ABA Business Law Section Derivatives & Futures Law Committee Winter
Meeting (January 24–26, 2019) | Panelist | Ethics
ISDA Master Agreement and Credit Support Annex: Negotiation
Strategies (May 18, 2017) | Co-Presenter | Negotiating Paragraph 13 to
the ISDA 2016 Credit Support Annex for Variation Margin (VM)
Advanced Swaps & Other Derivatives 2016 (October 25–26, 2016) |
Panelist | Principal Issues for Consideration and Negotiation in
Derivatives Documentation-Cleared and Uncleared
Understanding FinCEN's New Customer Due Diligence Obligations (May
19, 2016) | Presenter
Commodity Exchange Act Basics for Lawyers (April 27, 2016) | Co-
presenter
Guy Dempsey Of Counsel
Overview of Interest Rate Derivatives (February 9, 2016) | Panelist |
Swap Execution Facilities (SEFs)
Current Topics for End-Users of Swaps (March 19, 2015) | Panelist |
End-Users and the ISDA Resolution Stay Protocol
Fundamentals of OTC Derivatives Clearing (November 21, 2014) |
Panelist | Current and Proposed Regulatory Requirements Regarding
Clearing of OTC Derivatives
Advanced Swaps & Other Derivatives 2014 (October 16–17, 2014) |
Panelist | Principal Issues for Consideration and Negotiation in
Derivations Documentation – Cleared and Uncleared
Understanding the ISDA Master Agreements Conference (September
18, 2014) | Panelist | The 2002 ISDA Master Agreement
Katten's Summer 2014 Review: Financial Services Regulatory and Legal
Development Highlights (September 10, 2014) | Panelist
36th Annual Law & Compliance Conference on the Regulation of
Futures, Derivatives and OTC Products (May 7–9, 2014) | Panelist |
Cross-Border Issues That Should Be on Your Mind
ISDA 29th Annual General Meeting (April 8–10, 2014) | Panelist | Legal
Developments – Highlights of Key Initiatives
Practicing Law Institute (February 13, 2014) | Interest Rate Derivatives in
Real Estate Financing Transactions
Uncleared Transactions - Swap Documentation (November 7, 2013) |
Panelist
Pitfalls in a Shifting Landscape: Trade Practice Issues for Futures and
Swaps (October 23, 2013) | Panelist
End Users and Swaps Under Dodd-Frank (April 25, 2013) | Presenter
Cleared Transactions – Swap Documentation Post Dodd-Frank (March
5, 2013) | Panelist | Documentation for Cleared Transactions
Uncleared Transactions—Swap Documentation Post Dodd-
Frank (November 28, 2012) | Panelist
Guy Dempsey Of Counsel
Swap Regulation After October 12—A Practical Guide (September 12,
2012) | Presenter
Information Management Network Conference on Derivatives Trading in
the Era of Dodd-Franks Title VII (September 1, 2012) | Swap Dealer
Issues Under the Microscope
Interest Rate Swaps Under Dodd-Frank: The Community Bank
Perspective | Bank Seminar (September 1, 2012)
Understanding the ISDA Master Agreements Conference (May 17,
2012) | Panelist | The 2002 ISDA Master Agreement
Future of Electronic Fixed Income Trading (May 15, 2012) | Panelist |
Regulation and Compliance: The New Landscape
Dodd-Frank Forum | Newedge Seminar (May 1, 2012)
The Cross-Border Impact of Dodd-Frank's Swap Regulations (November
27, 2011) | Panelist
The Changing World of Cross-Border Derivatives: Dodd-Frank, EMIR
and What They Mean for You (October 6, 2011) | Panelist
Interest Rate Swaps Under Dodd-Frank: The Community Bank
Perspective | Bank Seminar (September 1, 2011)
Dodd-Frank Derivatives Update: The Implementation Challenge (June
21, 2011) | Panelist
Preparing for the Inevitable: Dodd-Frank Changes Effective in July
2011 (June 15, 2011) | Panelist | Commodities Law Implications of DFA
Provisions
Futures & Derivatives 2011: Impact of New Legislative & Regulatory
Reforms (June 10, 2011) | Speaker
Preparing for the Inevitable: Dodd-Frank Changes Effective in July
2011 (May 25, 2011) | Panelist | Commodities Law Implications of DFA
Provisions
2011 IAFE Annual Conference (May 16–17, 2011) | Panelist | Lawyers
and Practitioners Exchange Views on Swaps Clearing, Lehman Flip
Clauses/Bid-Offers and Other Topics of Mutual Interest
Guy Dempsey Of Counsel
Title VII of Dodd-Frank: The New Derivatives Regime (January 21,
2011) | Panelist | Other Laws
