FINANCIAL REGULATION AND DEREGULATION: WHAT’S NEXT?

Business Law Section Fall meeting | October 12-13, 2017

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Registration Now Open >

Section Chair:
Kathleen A. Scott, Esq. 
Norton Rose Fulbright US LLP, New York, NY

Program Chair:
Peter W. LaVigne, Esq.
Goodwin Procter LLP, New York, NY

Panel Chairs:
Edward G. Eisert, Esq., Orrick, Herrington & Sutcliffe LLP, New York, NY
Anastasia T. Rockas, Esq., Skadden, Arps, Slate, Meagher & Flom LLP, New York, NY


AGENDA

October 12 (Thursday)

3:00-5:00 p.m. | Committee Meetings (optional)
Hosted at law firms in midtown NYC - Details will follow soon.

Banking Law
Bankruptcy Law
Insurance Law
Technology & Venture Law

5:30-9:00 p.m. | Section Dinner (optional)
Yale Club of New York City | 50 Vanderbilt Avenue, New York, NY
5:30-6:30 p.m. Reception | 6:30-9:00 p.m., Dinner
“Money Makes the World Go ‘Round”
Musical entertainment!
      With thanks to Peter LaVigne, Esq. for entertainment sponsorship 

October 13 (Friday) - Live and Webcast

FINANCIAL REGULATION AND DEREGULATION: WHAT’S NEXT?

6.0 MCLE credits in Areas of Professional Practice
This course has been approved for MCLE credit in New York State for experienced attorneys only (admitted more than 2 years)

The University Club of New York / Webcast
One West 54th Street (btw. 5th & 6th Avenues) | NYC
Note University Club dress code (at bottom of page)

8:00-8:50am          Registration and networking breakfast

8:50-9:00am          Program Introductions

9:00- 9:40am         Keynote - Maria T. Vullo, Esq., Superintendent, NYS Department of Financial Services

9:40-11:00am         The Impact of FinTech Innovations on the Delivery of Financial Services (1.5 credits)

11:00-11:15am       Break

11:15 am-12:15pm The Future of Financial Services Regulation (1.5 credits)

12:35-2:00pm        Lunch Buffet (included with registration)
                               Keynote: Manisha M. Sheth, Esq., Executive Deputy Attorney General for Economic Justice 

2:00-3:20pm          Securities Regulation, Deregulation and Enforcement (1.5 credits)

3:20-3:30pm          Break

3:30-4:50pm          Changes in Banking Regulation in the New Administration (1.5 credits)

4:50-5:00pm          Closing remarks/Adjourn

Panel Descriptions and Speakers

The Impact of FinTech Innovations on the Delivery of Financial Services
The delivery of traditional financial services, such as investment management, lending and money transmission, are being transformed by the advent of computer technology, including the use of blockchain protocols.  This panel will explore the impact of FinTech innovations on these and other traditional financial services.  Panelists will include in-house experts at innovative advisory firms, non-bank lenders, and service providers to the financial services industry.

  • Richard H. Neiman, Esq., Head of Regulatory & Government Affairs, Lending Club
  • Seth Rosenbloom, Esq., Associate General Counsel, Betterment LLC
  • Subhankar Sinha, Director, Emerging Technology and Blockchain Co-Lead, PwC
  • Edward G. Eisert, Esq. (Moderator), Senior Counsel, Orrick, Herrington & Sutcliffe LLP

The Future of Financial Services Regulation
The panel will discuss two aspects of the financial services of the future.  The first is aspirational:  the creation of a leaner and more flexible and targeted regulatory scheme that reduces the burdens on regulated persons and the economy while still guiding behavior in ways that serve the public interest.  The second is inevitable:  the use of sophisticated technology to monitor and control financial activity and enforce regulatory policy.  The panel will describe efforts already under way in these areas and weigh the pros and cons of different techniques.

  • David W. Blass, Esq., Partner, Investment Funds Practice, Simpson Thacher & Bartlett LLP
  • Prof. John C. Coffee, Adolf A. Berle Professor of Law, Columbia Law School
  • IBM Watson Team Representative
  • Peter W. LaVigne, Esq. (Moderator), Partner, Goodwin Procter LLP

Securities Regulation, Deregulation and Enforcement
Even in an era of federal deregulation, SEC, FINRA and state securities rules continue to change to adapt to new economic trends, business models and legislation. Meanwhile, despite reports of a reduction in penalties by the SEC under the new administration, enforcement agencies continue their work, bringing cases involving new frauds, abusive practices and misuses of the capital markets. The panel will discuss what’s new and what we can expect in coming months.

  • Robert L. D. Colby, Esq., Chief Legal Officer, Financial Industry Regulatory Authority (FINRA)
  • Daniel S. Kahl, Esq., Chief Counsel, Securities and Exchange Commission Office of Compliance Inspections and Examinations
  • Katherine C. Milgram, Esq., Chief, Investor Protection Bureau, Office of the New York State Attorney General
  • Anastasia T. Rockas, Esq., Moderator, Partner, Investment Management, Skadden, Arps, Slate, Meagher & Flom LLP

Changes in Banking Regulation in the New Administration
As soon as Donald Trump was inaugurated in January 2017, he signed numerous executive orders charging his appointees to review the regulatory landscape and recommend how to trim regulations.  Some of these executive orders charged the Treasury Department to review and recommend changes to current banking law and regulations.  Many of the proposals coming out of these reviews have been suggested before and several have bipartisan support.  So what has happened since these recommendations came out?  Our panel of lawyers from the federal banking agencies will discuss changes going on at their agencies and the General Counsel of the New York Bankers Association will provide insight into the potential impact of such changes on New York State banks.  She will also discuss legislative and regulatory developments at the state level.

  • James P. Bergin, Esq., Deputy General Counsel, Federal Reserve Bank of New York
  • Ashby G. Hilsman, Esq., New York Regional Counsel, Federal Deposit Insurance Corporation
  • Roberta Kotkin, Esq., General Counsel and COO, New York Bankers Association
  • Jonathan H. Rushdoony, Esq., New York Regional Counsel, Office of the Comptroller of the Currency
  • Kathleen A. Scott, Esq. (Panel Chair), Senior Counsel, Norton Rose Fulbright US LLP

Register Online >


Cost

Cost: (Fall Meeting registration is a la carte -- attend one function, or all three)
Committee meetings (Oct. 12, 3-5 p.m.)
Free for Business Law Section Members | $25 all others

Section Dinner (Oct. 12, 5:30-9:00 p.m.)
$90 Business Law Section Members | $50 BLS Members admitted to practice 5 years or less
$115 NYSBA Members* | $160 Non-Members
Members may bring 1 guest at the same rate as the primary registrant ($50, $90, or $115); for subsequent guests, the non-member rate applies.

MCLE Program - Live or Webcast (Oct. 13, 8:50 a.m.-5 p.m.)
$150 Business Law Section Members | $50 BLS Members admitted to practice 5 years or less
$180 NYSBA Members* | $215 Non-Members

*Are you a NYSBA member but not a member of the Business Law Section? Dues are only $25. Join now to receive the member rate (or call the NYSBA Member Resource Center at 800-582-2452 to join by phone).


Questions? Contact businesslaw@nysba.org or call Kathy Plog at (518) 487-5681.

University Club Dress Code - Please be advised of The University Club's dress code which is in effect at all times. Male members and guests are required to wear jackets, dress shirts and ties. Female members and guests are required to wear clothing meeting similar standards: tailored clothing that otherwise conforms to this rule including suits, dresses and skirts or tailored trousers with dress shirts, blouses or sweaters. Cell phones must remain silent and may not be used in public areas of the Clubhouse. Cell phones and PDAs may be used in the telephone booths throughout the Clubhouse 

Discounts and Scholarships - New York State Bar Association members and non-members may apply for a discount or scholarship to attend this program, based on financial hardship. This discount applies to the educational portion of the program only. Under that policy, any member of our Association or non-member who has a genuine basis of his/her hardship, if approved, can receive a discount or scholarship, depending on the circumstances. To apply for a discount or scholarship, please send your request in writing to Stephanie Bugos at: New York State Bar Association, One Elk Street, Albany, New York 12207 or sbugos@nysba.org

Cancellations - Full refunds are given up to 5:00 p.m. two business days prior to the date of the event function for which you are registered. Cancellations thereafter may be subject to a cancellation fee.  To cancel, call (800) 582-2452 or email MRC@nysba.org.