SAVE THE DATE! OCTOBER 12-13, 2017
The Business Law Section's Fall Meeting will be held in New York City October 12-13, 2017.
The full-day MCLE program on October 13th will also be webcast live!
FINANCIAL REGULATION AND DEREGULATION: WHAT’S NEXT?
- The Impact of FinTech Innovations on the Delivery of Financial Services
- The Future of Financial Services Regulation
- Securities Regulation, Deregulation and Enforcement
- Changes in Banking Regulation in the New Administration
Keynote addresses by:
Maria T. Vullo, Superintendent, New York State Department of Financial Services
Manisha M. Sheth, Executive Deputy Attorney General for Economic Justice, New York State Office of the Attorney General
Registration details will follow soon. Save the date!
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
October 12, 2017
Afternoon Committee meetings (approx. 3-5pm, hosted at midtown Manhattan law firms)
- Banking Law Committee
- Bankruptcy Law Committee
- Insurance Law Committee
- Technology & Venture Law Committee
Section Dinner - Stay tuned for an announcement about evening entertainment!
Yale Club of New York City
50 Vanderbilt Avenue (btw. E. 44th & 45th St.)
New York, NY 10017
October 13, 2017
FINANCIAL REGULATION AND DEREGULATION: WHAT’S NEXT?
The University Club of New York*
One West 54th Street (btw. 5th & 6th Aves.)
New York, NY 10019
Keynote addresses:
- Maria T. Vullo, Superintendent, New York State Department of Financial Services
- Manisha M. Sheth, Executive Deputy Attorney General for Economic Justice, New York State Office of the Attorney General
Panels:
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, banks, non-bank lenders, and service providers to the financial services industry.
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.
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.
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 be giving insight into how the banking industry is reacting to the proposed changes and what the banking industry would like to see by way of reform.
*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
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