Rolaine Soril Bancroft

rolaine.bancroft@lw.com

+1.202.637.1015

Profile

Rolaine Soril Bancroft, a seasoned compliance advisor and strategic consultant, leverages her experience at the US Securities and Exchange Commission (SEC) to guide clients through complex financial, regulatory, and compliance challenges.

Rolaine serves clients as a trusted advisor on matters related to structured finance, securities compliance, and capital markets strategy. She draws on extensive public sector expertise with:

Compliance with US securities laws for securitization transactions and participants
Policy advocacy for offerings of asset-backed securities, in particular private-label mortgage-backed securities
Compliance with rules applicable to Nationally Recognized Statistical Rating Organizations and credit ratings of asset-backed securities

Prior to joining Latham, Rolaine served for 20 years at the SEC in multiple roles, most recently as the Chief of the Office of Structured Finance in the Division of Corporation Finance. She brings particular insight on SEC reporting and disclosure obligations as she developed and oversaw the Office of Structured Finance’s disclosure review program.

Experience

During her tenure, Rolaine led rulemaking, policymaking, no-action and interpretive positions on:

Registered offerings of asset-backed securities and disclosure, including amendments to specialized requirements known as Regulation AB 2
Certain provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act that impact securitization transactions, such as rules related to representations and warranties, credit risk retention, and conflicts of interest

Rolaine led outreach efforts that sought input from market participants and members of multiple industry associations to inform the development of SEC positions.

Rolaine also contributed to the SEC in several other capacities, including as:

A Senior Special Counsel to the Director and Senior Policy Advisor in the Division of Corporation Finance
Senior Counsel to two Directors in the Office of Credit Ratings

She navigated complex regulatory and legislative landscapes, to advise on policy development across multiple divisions, and on enforcement investigations. She also provided expert technical advice to congressional staff on matters related to securitization.

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.