Why you should attend
The banking industry is in the midst of a fundamental transformation of the regulatory framework in which it operates, as well as a shifting of regulatory and enforcement priorities and approaches. These changes, taking place in an environment of continuing global economic challenges, require bankers and counsel who practice in the financial services industry to reexamine basic assumptions about business operations and future trends. With changing regulations on every subject from capital and liquidity to executive compensation, and new and existing agencies refocusing their enforcement priorities, it is critical that financial industry participants understand the sweeping new rules and enforcement priorities that will shape the future of the industry.
At this year’s
Banking Law Institute, our expert faculty will provide you with a comprehensive overview of the developing regulatory framework as well as the significant operational and compliance issues facing industry participants and regulators, and provide insight into the future direction and challenges of the new legal and regulatory environment.
What you will learn
- Explore key issues and implications of the new rulemakings
- Hear how industry players are changing their operations in response to current and anticipated regulatory developments
- Survey the changing landscape of M&A in the post-reform era
- Understand the scope and focus of likely rulemakings and enforcement priorities of the Consumer Financial
- Protection Bureau (CFPB) and the other agencies
- Examine important changes to capital requirements
Who should attend
This program will provide important insight into the scope and implications of the financial reform legislation and the rules implemented in its wake. Senior executives, legal staff, investment bankers, outside counsel and others involved with domestic and international financial institutions, as well as investors in the financial services industry, will benefit from this program.
Please plan to arrive with enough time to register before the conference begins. A networking breakfast will be available upon your arrival.
Morning Session: 9:00 a.m. - 12:00 p.m.
9:00
Introduction
Lee A. Meyerson, William J. Sweet, Jr.
9:15
Systemic Risk - The Challenge of Systemically Important Financial Institutions (SIFIs), Living Wills and Orderly Liquidation Issues
- Systemic Risk – The Challenge of Systemically Important Financial Institutions (SIFIs)
– Identifying non-bank SIFIs
– Enhanced prudential standards
– Implications for foreign institutions
– Breaking up or shrinking “too big to fail” banks
– Shadow banking initiatives
- Living Wills and Orderly Liquidation Issues
– Experience with living wills by the largest banks and expectations for the next round of banks
– Creditors and the orderly liquidation regime
– Cross-border insolvency challenges
Jordan A. Costa, Randall D. Guynn, Joseph A. Jiampietro, Heather R. Koenig, Christopher J. Spoth, James R. Wigand
10:30
Networking Break
10:45
Basel III Capital Proposal and the New Capital Supervisory Regime
- Basel III Capital Proposal
– Domestic and international convergence/divergence
– Impact on domestic institutions
– Balance sheet management and strategies
– Liquidity requirements
– Contingent convertible capital instruments
– The future of hybrid capital
- The New Capital Supervisory Regime
– Stress testing
– Capital plans for $10 billion and larger institutions
– Capital planning for smaller institutions
– Limits on dividends and repurchases
Scott M. Albinson, Stuart Feldstein, Anna Lee Hewko, Juliana S. O’Reilly, Mark J. Welshimer
12:10
Keynote Speaker Luncheon
Keynote Speaker: Cyrus Amir-Mokri, Assistant Secretary for Financial Institutions, U.S. Department of the Treasury
Afternoon Session: 1:00 p.m. - 5:15 p.m.
1:00
Major Non-Consumer Litigation/Enforcement and Consumer Financial Protection Supervision and Enforcement
- Major Non-Consumer Litigation/Enforcement
– LIBOR enforcement and civil litigation
– Anti-money laundering enforcement
– OFAC enforcement cases
- Consumer Financial Protection Supervision and Enforcement
– CFPB examination program for large institutions
– Regulation of nonbank financial services firms
– The Capital One settlement
– Mortgage servicing – federal and state enforcement actions and developing “best practices”
Richard M. Alexander, Lynne B. Barr, Christopher E. Duffy, Valerie L. Hletko, Kent Markus, David Meister
2:30
Networking Break
2:45
The Volcker Rule and Governance Challenges in the Face of Regulatory, Enforcement and Litigation Risks
- The Volcker Rule
– Volcker Rule implementation – prop trading and fund investment/sponsorship
– Foreign bank operations
– Compliance responsibilities
- Governance Challenges in the Face of Regulatory, Enforcement and Litigation Risks
– Evolving role of directors in compliance oversight
– Regulatory expectations for boards of directors
– Risk committee requirement and charter
– Board member relationships with regulators
– Replacement of management
Derek M. Bush, Paul L. Lee, Joanne T. Medero, Christopher Paridon
4:00
Current and Future M&A Activity and Regulatory Challenges for M&A Activity
- Current and Future M&A Activity
– The coming consolidation wave?
– Key structuring risks/challenges in the new environment
– Managing FDIC loss-sharing agreements in M&A transactions
– EU institution sales of U.S. businesses and assets
– Regulatory incentives for consolidation
- Regulatory Challenges for M&A Activity
– Impact of proposed capital rules
– Financial stability and systemic risk considerations
– Revised application standards for bank acquisitions
– Federal Reserve pre-application review
Nicholas G. Demmo, W. Grant Gregory, Jr., David C. Ingles, Kathryn McCulloch, Stacie E. McGinn
5:15
Adjourn
Co-Chair(s)
Speaker(s)
Scott M. Albinson ~ Managing Director; Co-Head of Banks, North America, JPMorgan Chase & Co.
Cyrus Amir-Mokri ~ Assistant Secretary (Financial Institutions), U.S. Department of the Treasury
Stuart Feldstein ~ Director, Legislative and Regulatory Activities; Office of the Comptroller of the Currency (OCC), U.S. Department of the Treasury
Anna Lee Hewko ~ Assistant Director of Division of Banking Supervision and Regulation, Federal Reserve Board
Heather R. Koenig ~ Global Regulatory Counsel, The Bank of New York Mellon Corporation
Kent Markus ~ Enforcement Director, Consumer Financial Protection Bureau (CFPB)
Kathryn McCulloch ~ Senior Vice President and Associate General Counsel, JP Morgan Chase & Co.
David Meister ~ Director of Enforcement, U.S. Commodity Futures Trading Commission
James R. Wigand ~ Director, Office of Complex Financial Institutions, Federal Deposit Insurance Corporation (FDIC)
Program Attorney(s)
New York City Seminar Location
PLI New York Center, 810 Seventh Avenue at 53rd Street (21st floor), New York, New York 10019. Message Center, program days only: (212) 824-5733.
New York City Hotel Accommodations
Due to high demand and limited inventory in NYC, we recommend reserving hotel rooms as early as possible.
The New York Hilton & Towers, 1335 Avenue of the Americas, New York, NY 10019. 1 block from PLI Center. Reservations 1-800-HILTONS or, 1-877-NYC-HILT. Please mention that you are booking a room under the Practising Law Institute Corporate rate and the Client File # is N495741. Reservations on line at www.hilton.com and enter the same Client File # in the Corporate ID # field to access Practising Law Institute rates.
The Warwick New York Hotel, 65 West 54th Street New York, NY 10019. 1 block from PLI Center. Reservations 800-223-4099 or, hotel direct 212-247-2700. Please mention that you are booking a room under the Practising Law Institute Corporate rate. Reservations on line at www.warwickhotelny.com Click reservations in menu bar on left. Select desired dates. In 'Special Rates' drop down window select Corporate Rate. In 'Rate Code' enter PLIN. Click search and select desired room type and rate plan. Or, you may email reservation requests to: res.ny@warwickhotels.com
PLI's live programs are approved in all states that require mandatory continuing legal education for attorneys, except Arizona. Please be sure to check with your state for details.
Please check the CLE Calculator above each product description for CLE information specific to your state.
Special Note: In New York, newly admitted attorneys may receive CLE credit only for attendance at "transitional" programs during their first two years of admission to the Bar. Non-traditional course formats such as on-demand web programs or recorded items, are not acceptable for CLE credit. Experienced attorneys may choose to attend and receive CLE credit for either a transitional course or for one geared to experienced attorneys. All product types, including on-demand web programs and recorded items, are approved for experienced attorneys.
Please note: The State Bar of Arizona does not approve or accredit CLE activities for the Mandatory Continuing Legal Education requirement.
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Credit will be granted only to the individual on record as the purchaser unless alternative arrangements (prearranged groupcast) are made in advance.