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Banking and Capital Markets

FT US Banking Forum

Right-sizing Financial Regulation

New York |
Speakers include:
Tom Curry

Tom Curry

Former Comptroller of the Currency, OCC

Richard Davis

Richard Davis

US Bancorp

Steve Strongin

Steve Strongin

Goldman Sachs

Overview

The financial services industry has spent nearly 10 years recovering from the 2008 financial crisis and responding to the plethora of rules, regulations and penalties it spawned. Now, with the surprise election of Donald Trump, the stage is set for a new era of change. The anticipation of this change in a Trump administration has energized the US business climate as evidenced by the bullish stock market, strengthening of the US dollar and the Federal Reserve’s tighter monetary policy. Hopes of corporate tax reform and infrastructure investment have companies considering ways to spend their cash stockpiles beyond dividend payments and stock buy backs. The financial community is particularly giddy with anticipation of an environment where costly and restrictive regulations may be relaxed if not repealed altogether.

As a well-respected and independent voice in the global banking sector, the Financial Times will convene high-level executives in the banking and asset management industries in New York to explore potential legislative and regulatory changes, their market implications, and what financial institutions and their advisors can do to influence Trump’s promised reshaping of the legal landscape. The event will bring together peer-level leaders from major US and international banks and asset managers, large regional banks, government officials and select service providers including law firms, accounting firms, consultancies, data and technology providers. The agenda will reflect timely opportunities and challenges in global financial services as the Republican majority Congress and Team Trump negotiate and potentially execute a reform agenda.

fallback
fallback Add to my Calendar 09/12/2017 08:00:0009/12/2017 18:00:00trueFT US Banking ForumThe financial services industry has spent nearly 10 years recovering from the 2008 financial crisis and responding to the plethora of rules, regulations and penalties it spawned. Now, with the surprise election of Donald Trump, the stage is set for a new era of change. The anticipation of this change in a Trump administration has energized the US business climate as evidenced by the bullish stock market, strengthening of the US dollar and the Federal Reserve’s tighter monetary policy. Hopes of corporate tax reform and infrastructure investment have companies considering ways to spend their cash stockpiles beyond dividend payments and stock buy backs. The financial community is particularly giddy with anticipation of an environment where costly and restrictive regulations may be relaxed if not repealed altogether.As a well-respected and independent voice in the global banking sector, the Financial Times will convene high-level executives in the banking and asset management industries in New York to explore potential legislative and regulatory changes, their market implications, and what financial institutions and their advisors can do to influence Trump’s promised reshaping of the legal landscape. The event will bring together peer-level leaders from major US and international banks and asset managers, large regional banks, government officials and select service providers including law firms, accounting firms, consultancies, data and technology providers. The agenda will reflect timely opportunities and challenges in global financial services as the Republican majority Congress and Team Trump negotiate and potentially execute a reform agenda.FT-US-Banking-Forum986024883fb28ef47672553d27ef7b8bMM/DD/YYYY

Speakers (25)

Tom Curry

Tom Curry

Former Comptroller of the Currency, OCC

Thomas J. Curry served as the 30th Comptroller of the Currency from April 9, 2012 to May 5, 2017. He was appointed by President Barack Obama and confirmed by the United States Senate. The Comptroller of the Currency is the administrator of the federal banking system and chief executive officer of the Office of the Comptroller of the Currency (OCC). The OCC supervises more than 1,400 national banks and federal savings associations and about 50
federal branches and agencies of foreign banks in the United States. These institutions comprise nearly two-thirds of the assets of the commercial banking system. The Comptroller also served as an ex-officio member of the Board of Directors of the Federal Deposit Insurance Corporation (FDIC).

Before becoming Comptroller in 2012, Mr Curry served for eight years as a member of the Board of Directors of the FDIC. He was appointed by President George W. Bush and confirmed by the United States Senate in 2003. Mr Curry served as Chairman of the Federal Financial Institutions Examination Council
(FFIEC) for a two-year term from April 2013 until April 2015. Comptroller Curry was the 21st FFIEC Chairman. Mr Curry was a long time member of the NeighborWorks America Board of Directors. He served two stints as Chairman of the Board of Directors most recently from March 2014
through June 2016.

Prior to joining the FDIC’s Board of Directors, Mr Curry served five Massachusetts Governors as the Commonwealth's Commissioner of Banks from 1990 to 1991 and from 1995 to 2003. He served as Acting Commissioner from February 1994 to June 1995. He previously served as First Deputy Commissioner and Assistant General Counsel within the Massachusetts Division of Banks. He entered state government in 1982 as an attorney with the Massachusetts’ Secretary of State’s Office. Mr Curry served as the Chairman of the Conference of State Bank Supervisors from 2000 to 2001, and served two terms on the State Liaison Committee of the FFIEC, including a term as Committee chairman. He is a graduate of Manhattan College (summa cum laude), where he was elected to Phi Beta Kappa. He received his law degree from the New England School of Law.

Richard Davis

Richard Davis

Chairman and Former CEO
US Bancorp

Richard Davis is Executive Chairman and former Chief Executive Officer of U.S. Bancorp, the fifth largest bank in the United States. He has served as Chairman of U.S. Bancorp since  2007 and served as CEO from 2006 to April 2017. He also served as President from  2004 to 2016 and held the role of COO from 2004 to 2006. Mr Davis was previously EVP at Bank of America and Security Pacific Bank prior to joining Star Banc, which was one of U.S. Bancorp’s legacy companies.

During his career, Mr Davis has served as Chairman of the Financial Services Roundtable, Chairman of the Consumer Bankers Association, Chairman of The Clearing House, and representative for the Ninth District of the Federal Reserve, where he was President of its Financial Advisory Committee. 

Mr. Davis also currently serves on the boards of Dow Chemical and Xcel Energy. He also on the board of the National American Red Cross, The Itasca Project, the Minnesota Business Partnership, The Minnesota Institute of Arts, the Twin Cities YMCA, and the University of San Diego. He was  one of three executive co-chairs that made the presentation to the NFL to secure the Super Bowl coming to Minneapolis in 2018. He continues to serve on the 2018 Super Bowl Host Committee.

Steve Strongin

Steve Strongin

Head of Global Investment Research
Goldman Sachs

Steve Strongin is Head of Global Investment Research at Goldman Sachs and a member of the Management Committee, Firmwide Client and Business Standards Committee and Firmwide Reputational Risk Committee. Mr Strongin also serves as co-chair of the Firmwide Technology Risk Committee. He joined Goldman Sachs in 1994 and was named Managing Director in 1998 and Partner in 2002.

Previously, Mr Strongin spent 12 years at the Federal Reserve Bank of Chicago, most recently as the Director of Monetary Policy Research. Prior to this, he was an economist at the Center for the Study of Economy and State at the University of Chicago and a researcher at PanHeuristics, a think tank focused on military strategy and energy policy.

Mr Strongin serves as a director on the boards of Ocean Conservancy and New York City’s Fund for Public Schools. In addition, he is a member of the Visiting Committee to the College at the University of Chicago and the Advisory Board to the RAND Center for Corporate Ethics and Governance.

Alma Angotti

Alma Angotti

Managing Director
Navigant

Alma Angotti is a Managing Director in the Global Investigations & Compliance practice. A widely recognized anti-money laundering (AML) expert, she has trained and advised the financial services industry as well as other regulators and government officials worldwide on AML and combating the financing of terrorism (CFT) compliance. Alma has an extensive background as an enforcement attorney conducting investigations and litigating a variety of enforcement actions. Ms Angotti has counseled her clients, large global financial institutions as well as regional institutions, in a variety of projects, including gap analyses, compliance program reviews, risk assessments, remediation efforts, and transaction reviews. Recently, she held acting senior AML compliance leadership positions at several global and regional financial institutions providing day-to-day management of their compliance programs and assisting them with implementing enhancements, often in the context of a regulatory or criminal enforcement action. With more than 25 years of regulatory practice, Ms Angotti has held senior enforcement positions at the U.S. Securities and Exchange Commission, Treasury’s Financial Crimes Enforcement Network and FINRA. As a regulator, she had responsibility for a wide range of compliance and enforcement issues affecting broker-dealers, issuers, banks and other financial institutions.

Scott Astrada

Scott Astrada

Director of Federal Advocacy
Center for Responsible Lending

Scott B. Astrada is the Director of Federal Advocacy at the Center for Responsible Lending (CRL). Located in the Washington DC office, he directs and coordinates federal legislative and regulatory advocacy in coordination with CRL senior leadership to advance CRL policy goals. Prior to his role at CRL, he worked as an Economic Policy Advisor for the US Senate Democratic Policy and Communications Center under former Minority Leader Harry Reid and previous Chairman Chuck Schumer. Prior to the Senate, he was an Attorney in the Obama Administration at the White House Office of Management and Budget (OMB), Office of General Counsel. Before joining OMB, he was a Congressional Hispanic Caucus Institute Fellow, completing his fellowship on the US Senate Banking Committee, and then at the National Council of La Raza. Mr Astrada received his BA from the University of Wisconsin-Madison, his JD and MBA from Marquette University, and his LLM from the Georgetown University Law Center. 

Sheila Bair

Sheila Bair

19th Chairman of the FDIC

Sheila C. Bair is perhaps best known for her service as the 19th Chairman of the Federal Deposit Insurance Corporation for a five-year term, from June 2006 through July 2011. She has an extensive background in banking and finance in a career that has taken her from Capitol Hill, to academia, to the highest levels of government. Before joining the FDIC in 2006, she was the Dean’s Professor of Financial Regulatory Policy for the Isenberg School of Management at the University of Massachusetts-Amherst since 2002. Other career experience includes serving as Assistant Secretary for Financial Institutions at the US Department of the Treasury (2001 to 2002), Senior Vice President for Government Relations of the New York Stock Exchange (1995 to 2000), a Commissioner of the Commodity Futures Trading Commission (1991 to 1995), and Research Director, Deputy Counsel and Counsel to Senate Majority Leader Robert Dole (1981 to 1988). Following her tenure as FDIC Chair, Ms Bair joined the Pew Charitable Trusts as a Senior Advisor. While at Pew, she chaired the Systemic Risk Council (SRC), a public interest group of prominent former government officials and leading financial experts which monitors progress on the implementation of financial reforms in the US. She is also a founding board member of the Volcker Alliance, a non-profit organization established by former Federal Reserve Board Chairman Paul Volcker to promote more effective government. She serves on the prestigious International Advisory Council to the China Bank Regulatory Commission. In addition, she is a board member of the Rand Corporation. From 2015 to 2017, Ms Bair was President of Washington College, a historic liberal arts school located on Maryland’s scenic Eastern Shore. She writes a regular column for Fortune Magazine on financial policy matters and has written a New York Times bestseller about her tenure at the FDIC, Bull By the Horns: Fighting to Save Main Street from Wall Street and Wall Street from Itself, published in September of 2012. Ms Bair received a Bachelor’s degree from the University of Kansas in 1975 and a JD from the University of Kansas School of Law in 1978. In May of 2012, she received one of the first honorary doctoral degrees ever granted by her alma mater. She also holds Honorary Doctorates from Amherst College and Drexel University.

Michael Barr

Michael Barr

Former Assistant Secretary for Financial Institutions
US Department of the Treasury

Michael S. Barr is the Joan and Sanford Weill Dean of Public Policy at the Ford School, the Frank Murphy Collegiate Professor of Public Policy, the Roy F. and Jean Humphrey Proffitt Professor of Law, and Faculty Director of the Center on Finance, Law, and Policy. He is also a Senior Fellow at the Center for American Progress and, previously, at the Brookings Institution. He served from 2009-2010 as the US Department of the Treasury’s Assistant Secretary for Financial Institutions, and was a key architect of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. He received his JD from Yale Law School, an MPhil in International Relations from Magdalen College, Oxford University, as a Rhodes Scholar, and his BA, summa cum laude, with Honors in History, from Yale University.

Joe Barry

Joe Barry

SVP, Regulatory, Industry and Government Affairs
State Street

Joe Barry is an SVP in State Street’s Regulatory, Industry and Government Affairs department. In this role, he is responsible for US federal and state government and public policy-related activities. His duties include identifying key legislative and regulatory issues for State Street, lobbying Congress and the executive branch in support of our policy objectives, providing regulatory and legislative briefings for colleagues and clients, and leading our political engagement strategy. In addition, Mr Barry is responsible for global coordination of public policy across the company, and is active in a broad range of financial services trade associations. He divides his time between Boston and Washington, D.C. Prior to joining State Street, Mr Barry served for over a decade as a Legislative Assistant to a United States Senator, where he covered a broad range of business, taxation, transportation and energy policy issues. He is a graduate of Harvard College, with an undergraduate degree in philosophy.

Andy Blocker

Andy Blocker

EVP Public Policy and Advocacy
SIFMA

As EVP of Public Policy & Advocacy for SIFMA, Andy Blocker leads a team who engage with lawmakers and regulators on international, federal and state issues impacting the financial services industry. Previously, Mr Blocker was Managing Director, Federal Affairs Manager in the U.S. Office of Public Policy at UBS, where he represented the firm on a wide range of issues with a primary focus on banking, securities, and other financial services issues on Capitol Hill and in the Executive Branch. In particular, he was the lead lobbyist on financial services issues for UBS during both the legislative debate and the regulatory implementation of Dodd-Frank. In addition, Mr Blocker served as a trusted resource to inform both individual and institutional clients on political and policy actions in Washington and how they could impact their strategic investment decisions.

Prior to his role at UBS, Mr. Blocker was VP of Government Relations at the New York Stock Exchange (now NYSE Euronext), where he was responsible for developing and coordinating lobbying strategy regarding market structure (including Reg NMS), corporate governance, international market collaboration, and tax issues. Before this, Mr Blocker represented American Airlines in over 20 international route negotiations between the U.S. and foreign governments, and worked to secure liability relief as part of the Air Transportation Safety and System Stabilization Act post September 11th. 

During his tenure in the public sector, Mr Blocker worked as Legislative Assistant to Congressman Martin Frost (D-TX), and Senior Budget Analyst for the Senate Budget Committee. He also worked for the Clinton White House, where as Special Assistant to the President for Legislative Affairs, he provided policy-making and strategic advice to the President, and contributed to the passage of the 1997 Bipartisan Balanced Budget Agreement. Mr Blocker holds an undergraduate degree from Harvard University and an MBA from Georgetown University’s McDonough School of Business.

Andrew Ceresney

Andrew Ceresney

Former Director of Enforcement
SEC

Andrew Ceresney served as Director of Enforcement at the United States Securities and Exchange Commission from April 2013 to December 2016. He oversaw approximately 1,400 SEC personnel, supervising law enforcement efforts in 12 offices throughout the country, including matters related to financial reporting and accounting, asset management, insider trading, market structure, and the Foreign Corrupt Practices Act. Prior to joining the SEC in 2013, Mr Ceresney co-chaired the White Collar & Regulatory Defense Group at Debevoise & Plimpton. He joined Debevoise in 2003 and rejoined in March 2017 as partner in the New York office and Co-Chair of the Litigation Department. Earlier in his career, Mr Ceresney served as a Deputy Chief Appellate Attorney in the U.S. Attorney’s Office for the Southern District of New York and as a Law Clerk to the Honorable Dennis Jacobs, formerly Chief Judge of the U.S. Court of Appeals for the Second Circuit from 1997 to 1998; and the Honorable Michael B. Mukasey, formerly Chief Judge of the U.S. District Court for the Southern District of New York, from 1996 to 1997. Mr. Ceresney received his JD in 1996, from Yale Law School, where he was Essays Editor of the Yale Law Journal. He obtained his BA summa cum laude Phi Beta Kappa, from Columbia University in 1993.

Deborah Hrvatin

Deborah Hrvatin

Managing Director
Citi

Deborah Hrvatin is a Managing Director and  Global Head of Institutional Clients Group (ICG) Operational Risk Management at Citigroup, reporting to the ICG Chief Risk Officer, where she is responsible for improving risk management, strengthening controls, and enabling profitable growth within risk appetite. Ms Hrvatin joined Citi in July 2017 from Deutsche Bank where she most recently was Managing Director and Head of Operational Risk for the Americas and the Global Corporate Finance division. During her 21 year tenure at Deutsche Bank, she held numerous other roles including Head of Operational Risk for the Corporate Banking and Securities division where she was responsible for developing and implementing the division’s operational risk management, supervision and information security framework. Ms Hrvatin also held leadership roles within the business, including Chief Operating Officer for Deutsche Bank’s Global Securitization Group. Prior to joining Deutsche Bank in 1999, Ms Hrvatin was an Equities Controller with Bankers Trust Company and also served as a Commissioned Bank Examiner with the Federal Reserve Bank of New York. She received her BBA and MBA in International Finance from Hofstra
University.

David Hunt

David Hunt

CEO, PGIM
Prudential Financial

David A. Hunt is President and Chief Executive Officer of PGIM, overseeing all aspects of the asset management businesses, including its public fixed income, real estate, public equity, private fixed income, and mutual fund units. In addition to his asset management role, Mr Hunt serves on the Operating Council for Prudential Financial, Inc.’s U.S. businesses.

Previously, Mr Hunt was a Senior Partner at McKinsey & Company and co-leader of its North American Asset Management practice. He was with McKinsey for 22 years and served as a key advisor to leading financial executives worldwide. For five years, he was based in Europe and worked extensively in Asia. Mr Hunt serves on the Executive Committee of the Board of Directors for Lincoln Center for the Performing Arts and is a life member of the Council on Foreign Relations. He also serves on the board of the Toigo Foundation, an organization devoted to diversity in the investment management business. He earned a Bachelor’s degree in Engineering from Princeton University and an MBA in Finance and Multinational Management from University of Pennsylvania's Wharton School. 

Brayden McCarthy

Brayden McCarthy

Vice President of Strategy
Fundera

Brayden McCarthy is Vice President of Strategy at Fundera, the easiest way for businesses to shop and save on all forms of financial products. He manages Fundera's diversification strategy, including its credit cards business, as well as securing and managing partnerships with American Express, Capital One, JP Morgan Chase, Equifax and TransUnion. Prior to joining Fundera in June 2014, he was a presidential appointee serving in the Obama administration as Senior Policy Advisor to President Obama's Chief Economic Advisor at The White House and as Policy Advisor to the Administrator at the US Small Business Administration. Mr McCarthy began his career in the investment banking divisions of Lehman Brothers and Barclays, advising companies in the media, telecommunications and technology sectors on capital markets raises, and spent time in the New York, London and Dubai offices. He writes often on issues at the intersection of finance, technology and public policy, and his op-eds have appeared in Harvard Business ReviewAmerican BankerForbesInc, and Huffington Post. He is co-author with former SBA Administrator Karen Mills of two Harvard papers on small business lending in the US.

Bob Mundheim

Bob Mundheim

Of Counsel
Shearman & Sterling

Robert H. Mundheim is Of Counsel to Shearman & Sterling and formerly Senior EVP and General Counsel of Salomon Smith Barney. Prior to joining Salomon as EVP and General Counsel in 1992, Mr Mundheim was Co-Chairman of the New York law firm of Fried, Frank, Harris, Shriver & Jacobson and University Professor of Law and Finance at the University of Pennsylvania Law School, where he had taught since 1965. He served as Dean of that institution from 1982 to 1989.

Mr Mundheim advises on corporate governance issues and has counseled special committees in the buy-outs of HCA, Aramark and Bright Horizons. He also chaired the Special Committee in the buy-out of Quadra Realty Trust. He advised the Review Committee of the JPMorgan Chase board in connection with its review of the issues arising out of the London Whale matter.

Among his other professional activities, Mr Mundheim has been General Counsel to the U.S. Treasury Department (1977-1980); Special Counsel to the Securities and Exchange Commission (1962-1963); and Vice Chairman, Governor-at-Large and a member of the Executive Committee of the National Association of Securities Dealers (1988-1991). He was Chairman of the Board of Directors of Quadra Realty Trust, a director of eCollege, Benjamin Moore, Commerce Clearing House, Arnhold & S. Bleichroeder Holdings and First Pennsylvania Bank. Mr Mundheim is a Trustees of New School University and of the Curtis Institute of Music. He is also a director of the Salzburg Global Seminar. He is an emeritus member of the Council of the American Law Institute. He chaired the American Bar Association’s Standing Committee on Ethics and Professional Responsibility (2006-2011). He served as a member of the ABA Task Force on Corporate Responsibility and has been a faculty member of the Vanderbilt Directors’ College, the Duke Directors’ Education Institute and the Stanford Directors’ College. He was the President of the American Academy in Berlin and received the Officer’s Cross of the Order of Merit of the Federal Republic of Germany.

Lona Nallengara

Lona Nallengara

Partner
Shearman & Sterling

Lona Nallengara is a partner in Shearman & Sterling’s Capital Markets and Corporate Governance practices. He has extensive experience representing companies, financial institutions and their boards on corporate governance, disclosure, and securities law compliance matters and on the financial regulatory process. He also advises companies and financial institutions on all aspects of public and private offerings of equity, equity-linked, high yield debt and investment grade debt securities.

Prior to returning to the firm in 2017, Mr Nallengara served in senior positions at the Securities and Exchange Commission for over four years. From 2013 to 2015, he served as Chief of Staff to SEC Chair Mary Jo White, where he was the top advisor to the Chair on all issues, including policy development, rulemaking, strategy and management. During this time, he led the rulemaking and implementation efforts related to all mandates under the Dodd-Frank and JOBS Acts and directed the SEC's asset management, market structure, public company disclosure effectiveness and private offering reform programs. He also served as the SEC deputy to the Financial Stability Oversight Council and was the primary SEC liaison with other financial regulators. Mr Nallengara joined the SEC in 2011 as Deputy Director of the Division of Corporation Finance and later became its Acting Director. In this role, he was responsible for the division's overall activities and operations, including rulemaking, interpretive guidance and the public company filing review program. Following his SEC tenure, he joined Bridgewater Associates, where he was the Chief Governance Officer and a senior advisor to founder Ray Dalio. Prior to joining the SEC in 2011, Mr Nallegara was a partner in Shearman & Sterling’s Capital Markets group. He first joined the firm in 1998.

Barbara  Novick

Barbara Novick

Vice Chairman
BlackRock

Barbara G. Novick is Vice Chairman and a member of BlackRock's Global Executive Committee, Corporate Risk Committee and Global Operating Committee. From the inception of the firm in 1988 to 2008, she headed the Global Client Group and oversaw global business development, marketing and client service across equity, fixed income, liquidity, alternative investment and real estate products for institutional and individual investors and their intermediaries worldwide. In her current role, Ms Novick heads the firm's efforts globally on government relations and public policy. In addition, she serves as a board member to the BlackRock Equity-Liquidity and BlackRock Closed End fund families, and is a member of the Executive Committee of the Investment Company Institute.

Prior to founding BlackRock in 1988, Ms Novick was a Vice President in the Mortgage Products Group at The First Boston Corporation. Ms. Novick joined First Boston in 1985 where she became head of the Portfolio Products Team. From 1982 to 1985, Ms. Novick was with Morgan Stanley.

Ms Novick has authored numerous articles on asset management and public policy issues. She is a member of CFA Institute's Future of Finance Advisory Council and MSCI’s Editorial Advisory Board and serves as a Trustee of Cornell University and the HCM Foundation. Ms Novick previously served on the boards of Robert Toigo Foundation (2007 - 2010), UJA-Federation (2009 - 2015) and Westchester Day School (2000 - 2005), served as both Treasurer and Trustee of Westchester Jewish Center (1994 - 2012) and coached in the Westchester Youth Soccer League (1999 - 2015). She earned a BA cum laude in economics from Cornell University.

Scott  Powell

Scott Powell

CEO
Santander US

Scott Powell is CEO of Santander US and Santander Bank. Since joining in 2015, he has been responsible for overall US strategy and management, overseeing Santander's US and Puerto Rico business units, as well as strategy and performance of Santander Bank. Previously, Mr Powell held a variety of senior positions at JP Morgan Chase & Co., including Head of Banking and Consumer Lending Operations, CEO of Consumer Banking and Retail Investments, Head of Consumer Lending, as well as Chief Risk Officer, Consumer. He also spent 14 years at Citi in a variety of risk management roles. Most recently, Mr Powell was Executive Chairman of National Flood Services. Mr Powell holds a BA from the University of Minnesota and an MBA from the University of Maryland. He currently serves on non-profit boards for both the Phipps Houses and The End Fund in New York City.

Reena Sahni

Reena Sahni

Partner
Shearman & Sterling

Reena Sahni is a partner in the global Financial Institutions Advisory & Financial Regulatory Group. She has extensive experience advising on bank regulation, bank insolvency, recovery and resolution planning and bank capital markets transactions, including Dodd-Frank implementation for U.S. and non-U.S. banks and other financial institutions. Ms Sahni is shortlisted for the 2016 Euromoney Americas Women in Business Law Awards – Best in Financial Regulation.  She was also  recognized as a “Rising Star” by IFLR1000 in 2016. Ms Sahni also advises on corporate governance, OFAC and AML compliance, internal investigations and regulatory enforcement actions.

Prior to joining Shearman & Sterling, Ms Sahni was Counsel at Davis Polk. She was previously a law clerk for the Hon. Jon O. Newman, U.S. Court of Appeals for the Second Circuit, and she served as a Senior Attorney for the U.S. Securities and Exchange Commission from 2007 to 2009. While at the SEC, Ms Sahni led investigations into securities fraud, including violations of the Investment Advisers Act, the Securities Act and the Exchange Act.

John Savercool

John Savercool

Managing Director
UBS Americas

John Savercool serves as Senior Lobbyist and Managing Director of UBS Americas, which covers all of the primary business units within UBS, including the Investment Bank, Wealth Management and Global Asset Management. In this capacity, Mr Savercool directs the firm's lobbying, political, and policy advocacy efforts at the federal level. He manages a small staff in Washington in support of this mission.

Mr Savercool is a 23-year veteran of Capitol Hill. He began his career with U.S. Congressman Mike Oxley, a Republican from Ohio and former chairman of the House Financial Services Committee. He then embarked on a 17-year career with then-U.S. Congressman Phil Gramm (Texas), who won election to the U.S. Senate in 1984. Mr Savercool joined Senator Gramm and worked with him until 1999 in a variety of capacities, including legislative assistant and deputy chief of staff. He also served as interim chief of staff for U.S. Senator Kay Bailey Hutchison in 1993.

In 2003, Mr Savercool was selected by UBS to become the firm's first full-time, senior lobbyist to direct the firm's advocacy activities in Washington. John also directs the firm's political action committee and manages the firm's political relationships in Washington. In 2006, he was appointed to the select UBS Investment Bank Operating Committee, which provides overall senior-level guidance to the bank in all facets of its operation.

Mr Savercool is a graduate of Frostburg State University (Maryland) and has played leadership roles in a number of federal, state and local political campaigns in Maryland and Texas.

Hal Scott

Hal Scott

Nomura Professor and Director of the Program on International Financial Systems; Director, Committee on Capital Markets Regulation
Harvard Law School

Hal Scott is the Nomura Professor and Director of the Program on International Financial Systems (PIFS) at Harvard Law School, where he has taught since 1975. He teaches courses on Capital Markets Regulation and International Finance. Professor Scott is also the Director of the Committee on Capital Markets Regulation, a bi-partisan non-profit organization dedicated to enhancing the competitiveness of US capital markets and ensuring the stability of the US financial system via research and advocacy. Additionally, he is a member of the Bretton Woods Committee, a member of the Market Monitoring Group of the Institute of International Finance, a past President of the International Academy of Consumer and Commercial Law, a past Governor of the American Stock Exchange (2002-2005), and a past independent director of Lazard, Ltd (2005-2016).  Professor Scott is the author of Connectedness and Contagion: Protecting the Financial System from Panics (MIT Press, 2016). His previous books include International Finance: Transactions, Policy, and Regulation (21st Edition, Foundation Press 2016) and The Global Financial Crisis (Foundation Press, 2009).

Mara Shreck

Mara Shreck

Head of Regulatory Affairs - Asset & Wealth Management
JPMorgan Chase

Mara Shreck is Head of Regulatory Affairs for Asset & Wealth Management, within JPMorgan's Office of Regulatory Affairs. She has responsibility for coordinating regulatory policy and strategy globally for J.P. Morgan Asset & Wealth Management. Prior to joining the firm in 2013, Ms Shreck was in the law department at the Investment Company Institute (ICI) in Washington, DC from 2006 to 2013, where she led industry-wide regulatory policy and advocacy efforts on matters affecting asset managers including exchange-traded fund issues and mutual funds’ use of derivatives. She represented ICI members before legislators and regulators including the SEC, FINRA, FDIC and CFTC as well as global regulatory bodies including IOSCO, FSB and the EC on critical mutual fund business issues, including ETFs, derivatives, financial benchmarks, mutual fund disclosure and advertising, and regulatory initiatives under the Dodd-Frank Act. Prior to ICI, Ms Shreck was an Associate at Ropes & Gray, where she provided counsel to mutual funds boards and represented clients in various litigation, arbitration, and government enforcement matters. She is a graduate of the Boalt Hall School of Law, University of California, Berkeley. She received her undergraduate degree, summa cum laude, from Princeton University’s Woodrow Wilson School of Public and International Affairs.

Chris Spoth

Chris Spoth

Executive Director, Center for Regulatory Strategy
Deloitte

Chris Spoth is the Executive Director of the Deloitte Center for Regulatory Strategy and Managing Director of Deloitte & Touche LLP. He has more than 35 years of bank regulatory and advisory experience and was previously senior deputy director of the Federal Deposit Insurance Corporation’s (FDIC) Division of Risk Management. He has extensive knowledge of regulatory programs and oversaw the FDIC’s examinations, enforcement actions, applications, consumer protection, and anti-money laundering programs.

Clint Stinger

Clint Stinger

Principal, Regulatory & Compliance
Deloitte

Clint Stinger is a Principal in the AML consulting practice of Deloitte Advisory based in New York, where he serves large US and global banking organizations seeking to remediate and transform their AML and sanctions compliance operations. Mr Stinger currently focuses on efforts to assist clients drive productivity and effectiveness in their compliance programs, including the leveraging of emerging technologies such as robotics and cognitive intelligence. He also leads Deloitte’s efforts related to innovation in the AML/KYC space, participates in industry working groups on related topics and speaks frequently on strategies to drive efficiency in AML compliance programs. From 2004-2008, Mr Stinger was based in Hong Kong where he led the firm's AML consulting practice in
the Asia Pacific region. He holds an MA from the London School of Economics and Political Science and a BA in Economics from Washington and Lee University.

George Walz

George Walz

SVP and US Chief Compliance Officer
BMO Financial

George Walz is SVP and US Chief Compliance Officer at BMO Financial Corp, responsible for the strategy, leadership, and oversight of the delivery of compliance risk management programs. He joined BMO in 2014 as Chief Compliance Officer for BMO’s US Wealth Management operations. Previously, Mr Walz was VP and Head of the Office of Risk and the Office of Regulatory Programs at the Financial Industry Regulatory Authority (FINRA) in Washington, DC, where he oversaw FINRA’s efforts to identify, prioritize, measure and monitor key risks of broker-dealers and risks to FINRA’s mandate of investor
protection and market integrity. Mr Walz also oversaw FINRA’s inward-facing operational risk framework to help the regulatory operations functions identify, measure, and manage operational risks that could otherwise inhibit FINRA’s ability to meet its mandate. He led and oversaw the development of policies, procedures and regulatory programs used by FINRA’s more than 1,200 examiners in its risk-based examination programs of business conduct, financial risks and market conduct areas covering US securities regulations. He joined FINRA in 1995 as an examiner in the Chicago Office.
Mr Walz also serves as a technical expert on risk-based supervision of financial intermediaries for the International Monetary Fund, World Bank,
and International Organization of Securities Commissions and has delivered educational workshops through these organizations in Europe, Central America and East Africa. He has also worked with regulators to strengthen risk-based supervision in countries including Brazil, Colombia, Peru, Costa Rica and
Panama. He is a graduate of Loyola University of Chicago, where he earned a BBA in finance.

Bob Wilmers

Bob Wilmers

Chairman and CEO
M&T Bank

Robert G. Wilmers has been Chairman and CEO of M&T Bank since 1983, when M&T had assets of $2 billion. Today, M&T’s assets total more than $122 billion. Mr Wilmers graduated from Harvard College and attended the Harvard Graduate School of Business Administration. After working in banking in New York, he served in New York City government and then went on to work at Morgan Guaranty Trust Company. Mr Wilmers has received many honors and awards for his service to the banking industry, as well as for his leadership and contributions to the Buffalo, NY community, where the M&T Bank is headquartered. He served as chairman of the Empire State Development Corporation from 2008 to 2009, Chairman of the New York State Bankers Association in 2002 and as a director of the Federal Reserve Bank of New York from 1993 to 1998. 

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Chair and Moderators (5)

Ben  McLannahan

Ben McLannahan

US Banking Editor
Financial Times

Ben McLannahan is US Banking Editor for the Financial Times, covering Wall Street investment banks and other financial institutions. He is based in New York. Previously, Mr McLannahan was a correspondent for three years in Tokyo, where he focused on capital markets and economics. Before that, he covered Asia for the FT's Lex column, based in Hong Kong. He joined the Lex team in London in August 2007 from Institutional Investor magazine, where he served for two years as London correspondent. Before that he was at the Economist Group, writing for a range of publications including CFO Europe and Intelligent Life. He graduated with a Master's degree in English from Cambridge University.

Rana Foroohar

Rana Foroohar

Global Business Columnist
Financial Times

Rana Foroohar was recently named Global Business Columnist for the Financial Times, as well as Associate Editor. She will take up her post on 1 March, 2017. She is also CNN’s Global Economic Analyst. Prior to joining the FT and CNN, Ms Foroohar was for six years the assistant managing editor in charge of business and economics at Time, as well as the magazine’s Economic Columnist. She also spent 13 years at Newsweek, as an economic and foreign affairs editor and a foreign correspondent covering Europe and the Middle East. During that time, she was awarded the German Marshall Fund’s Peter Weitz Prize for transatlantic reporting. She has also received awards and fellowships from institutions including the Johns Hopkins School of International Affairs and the East–West Center at the University of Hawaii. She is a life member of the Council on Foreign Relations.

In addition, she is an economic and political contributor at New York City’s public radio station WNYC and appears frequently on NPR, CBS, NBC, ABC, MSNBC, and the BBC. She graduated from Barnard College, Columbia University, which she attended after leaving her hometown of Frankfort, Indiana, in the heart of the rural Midwest. 

Martin Arnold

Martin Arnold

Banking Editor
Financial Times

Martin Arnold has worked for the Financial Times since 1999 and been Banking Editor since January 2014, leading the FT's global coverage of banks and overseeing the 10-person financial services reporting team. His two previous jobs were as Deputy Companies Editor, helping to oversee the corporate coverage online and in print, and as Private Equity Correspondent, when he won the BVCA award of private equity correspondent of the year for 2007. Before that, he spent five years as Paris Correspondent, covering the French political scene, the presidential elections, and several industry sectors including finance. Early on in his career he covered technology for FT.com in London and worked in New York covering consumer industries during the dotcom boom and bust of 1999-2000.

Caroline  Binham

Caroline Binham

Financial Regulation Correspondent
Financial Times

Caroline Binham covers the gamut of financial regulation for the FT, from benchmark-rigging scandals to ringfencing. She was previously the FT's award-winning legal correspondent, with a particular focus on white-collar crime. Prior to joining the FT six years ago, Ms Binham covered financial regulation during the crisis at Bloomberg News. In a previous journalistic life, she worked at Conde Nast for titles including Tatler and Traveler. She has lived and worked in Paris, Rome and New York.

Alex Scaggs

Alex Scaggs

FT Alphaville
Financial Times

Alexandra Scaggs joined FT Alphaville in 2016. She previously covered US interest rates for Bloomberg, where she wrote about the Fed’s first only 2015 rate hike, created some work for lawyers when her story on Treasury auctions was cited in a class-action lawsuit, and also did the occasional broadcasty type of thing. Before that, she wrote about US equities at the Wall Street Journal and unintentionally specialised in having mild profanities printed in the paper. 

She’s excited to have landed a job in a foreign bureau without actually leaving New York. At university she studied religion and French (which seemed impractical) before temporarily switching to economics and business (which only seemed practical until the financial crisis). She finally settled on journalism, after deciding practicality in her career was never a realistic goal in the first place. Her college coursework led her to stories about a former POW who lived down the road and a distant ancestor who adopted and raised a bear in rural Virginia.

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Agenda - 12th Sep

  • 8:00am
    Registration and Breakfast
  • 9:00am
    Welcome

    Ben McLannahan, US Banking Editor, Financial Times

  • 9:10am
    Keynote interview: Financial Crisis Regulations 10 Years On

    A view of how Dodd Frank, the Volcker Rule and other hallmarks of the dark days following the failure of Lehman Brothers are faring today and what risks and regulations may lie ahead.

    Tom Curry, Former Comptroller of the Currency, OCC, US Treasury
    Rana Foroohar, Global Business Columnist, Financial Times (interviewer)
    Chris Spoth, Managing Director, Center for Regulatory Strategy, Deloitte (introductions)

  • 9:40am
    Panel Discussion: The Regulatory Landscape for Asset Managers

    How both independent and bank-owned asset managers view current regulation and increased scrutiny in areas such as liquidity risk management, use of derivatives, swing pricing and disclosure. How have growth, complexity and technology set the stage for new regulation? What new products, fund types and investment strategies are of particular concern to the SEC and other regulatory bodies?

    David Hunt, CEO, PGIM, Prudential Financial
    Barbara Novick, Vice Chairman, Blackrock
    Mara Shreck, Head of Regulatory Affairs - Asset & Wealth Management, JPMorgan Chase
    Martin Arnold, Banking Editor, Financial Times (moderator)

  • 10:25am
    Panel Discussion: The Latest on Banking Legislation, Supervision and Enforcement

    A look at what is happening across the banking spectrum including the big question of whether we are headed into a new Glass-Steagall-type era. Do major banks truly threaten the global economy? Would Glass-Steagall have prevented the financial crisis? Can conflicts of interest and excessive risking-taking be resolved in other ways? What about ring-fencing as in the Vickers system in the UK? Will a bipartisan bill see its way through Congress? What are we hearing from the key regulatory agencies?

    Sheila Bair, Former Chairman, FDIC
    Hal Scott, Nomura Professor and Program Director of International Financial Systems, Harvard Law School and Director, Committee on Capital Markets Regulation
    Steve Strongin, Head of Global Investment Research, Goldman Sachs
    Ben McLannahan, US Banking Editor, Financial Times (moderator)

  • 11:10am
    Networking Break
  • 11:30am
    Debate: A Look at What’s Driving Action (and Inaction) in Washington

    A review of the current political climate from inside the Beltway. Where's the momentum? Where are we with regulatory reform? Tax reform? Infrastructure spending? Healthcare reform? Will we have another debt ceiling crisis and what affect will it have on the business and political mood of the nation? How might all of this play out in the 2018 midterm elections?

    Joe Barry, SVP Regulatory, Industry and Government Affairs, State Street
    Andy Blocker, EVP Public Policy and Advocacy, SIFMA
    John Savercool, Managing Director, UBS Americas
    Alex Scaggs, FT Alphaville, Financial Times (moderator)

  • 12:15pm
    Panel Discussion: The SEC Agenda: Vision, Priorities and Obstacles

    A look into the Commission’s docket and how regulation, revision and enforcement choices are likely to change under the new administration. Will the effort continue to reduce the regulatory burden on issuers including the reduction of duplicate and overlapping disclosure? What about changes that pave the way for more initial public offerings?

    Alma Angotti, Managing Director, Navigant
    Andrew Ceresney, Former Director of Enforcement, SEC
    Caroline Binham, Financial Regulation Correspondent, Financial Times (moderator)

  • 12:50pm
    Lunch
  • 1:50pm
    Bank Governance at the Board Level

    The past few years have brought unprecedented expansion of the fiduciary duties of directors of banking institutions. Regulators have put independent directors in the spotlight, particularly those who serve on risk and audit committees. How should supervisors understand and assess governance effectiveness? How can boards demonstrate they are adequately challenging management and monitoring risks? What should they be doing to encourage the right culture and controls to prevent excessive risk taking? Are non-executive bank directors unduly burdened? Can their day-to-day regulatory obligations be safely reduced?  

    Lona Nallengara, Partner, Shearman & Sterling
    Reena Sahni, Partner, Shearman & Sterling
    Caroline Binham, Financial Regulation Correspondent, Financial Times (moderator)

  • 2:10pm
    Panel Discussion: Who’s Looking Out for the Consumer?

    Regulation of consumer finance saw dramatic changes after the 2008 crisis. The industry is poised for another major shift. Will there be continued regulatory focus on fair lending compliance and violations? Or will the pendulum swing towards concerns about access to credit and instances of redlining? Will the new administration restrict the scope and authority of the Consumer Financial Protection Bureau? What structural changes can we expect? Dare we hope for long-term stability through legislation such as the Financial Choice Act?

    Scott Astrada, Director of Federal Advocacy, Center for Responsible Lending
    Michael Barr, Former Assistant Secretary for Financial Institutions, US Treasury
    Brayden McCarthy, Vice President of Strategy, Fundera
    Ben McLannahan, US Banking Editor, Financial Times (moderator)

  • 2:55pm
    Panel Discussion: Operations Cost, Risk and Compliance Challenges

    Concerns about IT infrastructure and cyber resilience abound. At the same time, the rising cost of regulatory compliance is putting pressure on banks' and asset managers' productivity and their ability to compete locally and globally. In what ways are operations failures leading to compliance failures and what is being done? What are we seeing in the way of fraud and is AML compliance helping? What product and cost trade-offs are being made? Do innovations in AI, automation and virtual workforces hold promise?

    Deborah Hrvatin, Managing Director, Global Head of Institutional Clients Group Operational Risk Management, Citi
    George Walz, SVP and US Chief Compliance Officer, BMO Financial 
    Clint Stinger, Principal, Regulatory & Compliance, Deloitte
    Martin Arnold, Banking Editor, Financial Times (moderator)

  • 3:40pm
    CEO Forum: The View from the Top

    How leaders feel about the prospects for sustained economic expansion and corporate profits, critical areas of focus, and new threats that could throw the global financial system off course once again. Is the optimistic mood about economic expansion and sustained corporate profits sustainable? What key indicators do you monitor most closely? What threatens to spoil the party? What bubbles are you watching?

    Richard Davis, Chairman and Retired CEO, US Bancorp
    Scott Powell, CEO, Santander US
    Bob Wilmers, Chairman and CEO, M&T Bank
    Bob Mundheim, Of Counsel, Shearman & Sterling (moderator)

  • 4:30pm
    Forum Wrap Up
  • 4:40pm
    Networking Reception

Who Will I Meet?

This Forum is for senior banking professionals with job titles including: 

  • Chief Risk Officer
  • Chief Operating Officer
  • Chief Compliance Officer
  • Chief Financial Officer
  • General Counsel
  • Heads/Directors/VPs of Risk
  • Heads/Directors/VPs of Financial Crime
  • Treasury executives

A limited number of places will also be made available to senior representatives of professional service firms, technology and payments companies, government officials and business consultancies.

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Why Should I Attend?

  • Hear global and regional bank leaders' views on the current regulatory landscape and how they are working to reshape it
  • Gain insights into how regulatory agencies view their top priorities and the obstacles they face in improving the regulatory environment for all stakeholders
  • Understand how prominent economists and academics view the next business cycle and where the key leverage points will be
  • Network with peers from across the US banking ecosystem, and with senior journalists from the Financial Times
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Founding Partners (2)

Lead. Navigate. Disrupt. Accelerating performance by embracing complexity. 

Deloitte helps financial services executives navigate complex business issues and risks using industry expertise coupled with innovative solutions to drive growth, resilience, and long-term advantage. Our market leading teams know how to maximize value across the enterprise mitigating strategic, financial, operational, technological, and regulatory risk while delivering process and technology transformation, helping our clients move forward with confidence.

At Shearman & Sterling, we harness the intellectual strength and client service skills of our lawyers across our extensive global footprint to benefit our clients. As one of the first law firms to establish a presence in key international markets, we have led the way in supporting clients wherever they do business. We work on first-in-kind, first-in-country matters around the world, pioneering new legal territory on ground-breaking deals and precedent-setting matters. We are honored to have partnered with our clients on these historic developments and continue to build on our reputation as one of the world’s elite firms – a firm that clients rely on for work on complex, bet-the-company matters. From major financial centers to emerging markets, we have the reach, depth and cross-border perspective necessary to handle complex business matters worldwide.

We represent many of the world’s leading corporations, financial institutions, emerging growth companies, governments and state-owned enterprises on cross-border transactions as well as exclusively local matters. With a deep understanding of our clients’ businesses forged through collaboration, we develop creative ways to help accomplish their goals and are ideally situated to support them as they navigate the challenges of our 21st century global economy.

Associate Sponsor (1)

Navigant Consulting, Inc. (NYSE: NCI) is a specialized, global professional services firm that helps clients take control of their future. Navigant’s professionals apply deep industry knowledge, substantive technical expertise, and an enterprising approach to help clients build, manage, and/or protect their business interests. With a focus on markets and clients facing transformational change and significant regulatory or legal pressures, the firm primarily serves clients in the healthcare, energy, and financial services industries. Across a range of advisory, consulting, outsourcing, and technology/analytics services, Navigant’s practitioners bring sharp insight that pinpoints opportunities and delivers powerful results. More information about 

Strategic Media Partner (1)

日本経済新聞社は1876年以来、140年にわたってビジネスパーソンに価値ある情報を伝えてきました。主力媒体である「日本経済新聞」の発行部数は約271万部で、約1300人の記者が日々、ニュースを取材・執筆しています。2010年3月に創刊した「日本経済新聞 電子版」の登録会員数(有料会員と無料会員の総数)は360万人を超え、有料会員数は約54万人です。

Venue

Apella
450 East 29th Street
New York 10016

United States of America

Tel: +1 (212)706-4100

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CONTACT US

Heather Wolf
ODX Program Director, Financial Times Live
Simon Carkeek
Sponsorship Opportunities
Financial Times
Funmbi Adenubi
Delegate Booking and Registration Enquiries
Financial Times
Meredith Vachon
Media Partner & Press Inquiries
Financial Times