Rolaine Soril Bancroft

Rolaine Soril Bancroft, former Chief of the US Securities and Exchange Commission’s Office of Structured Finance in the Division of Corporation Finance, advises clients on structured finance, securities compliance, and capital markets strategy.

A seasoned compliance advisor and strategic consultant, Rolaine leverages extensive public sector insight to guide clients on:

• Credit risk retention and conflicts of interest rules mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act that impact securitization transactions
• Compliance with US securities laws, including with exemptions from registration and disclosure requirements
• Policy advocacy for offerings of asset-backed securities, including disclosure and reporting requirements for private-label mortgage-backed securities
• Compliance with rules applicable to Nationally Recognized Statistical Rating Organizations and credit ratings of asset-backed securities

Rolaine serves as a Co-Chair of the Structured Finance Association's Legal Counsel Committee.

Before joining Latham, Rolaine served for 20 years at the SEC in multiple roles, including as advisor to the Directors of the Division of Corporation Finance and the Office of Credit Ratings. She led the post-financial crisis overhaul of registration and reporting rules known as Regulation AB2 and brings particular insight on SEC reporting and disclosure obligations, as she developed and oversaw the Office of Structured Finance’s disclosure review program. Rolaine led other Dodd-Frank rulemakings, most recently the re-proposal and adoption of Rule 192 Prohibition of Certain Conflicts of Interest.

Rolaine grew and led the SEC’s centralized team of securitization experts that provides advice across the SEC on rulemakings, interpretive guidance and enforcement case development. She also shared her expertise across the federal government, including initiatives with other regulatory agencies and Congress, such as credit rating agency and GSE reforms.

Prior to her legal career, Rolaine practiced as a Certified Public Accountant and was also an associate in the commercial real estate division of an investment bank.