Keynote: Maria T. Vullo, Esq., Superintendent, NYS Department of Financial Services (non-CLE bonus segment)
The Impact of FinTech Innovations on the Delivery of Financial Services (1.5 credits)
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 explores the impact of FinTech innovations on these and other traditional financial services.
- 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 (1.5 credits)
The panel discusses 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 describes 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
- Valerie Szczepanik, Esq., U.S. Securities and Exchange Commission
- Peter W. LaVigne, Esq. (Moderator), Partner, Goodwin Procter LLP
Keynote: Manisha M. Sheth, Esq., Executive Deputy Attorney General for Economic Justice (non-CLE bonus segment)
Securities Regulation, Deregulation and Enforcement (1.5 credits)
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 discusses 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 (1.5 credits)
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 discusses changes going on at their agencies and the General Counsel of the New York Bankers Association provides insight into the potential impact of such changes on New York State banks. She also discusses 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