Financial Services Institute 2006
Why Attend?
This annual advanced course of study explores the evolving nature of the financial services industry. There is little question that the Gramm-Leach-Bliley Act of 1999 changed the ways in which banks, savings institutions, broker-dealers, insurance companies, investment companies, and investment advisers operate and are regulated, and the scope of the powers they can exercise and lines of business in which they can engage.
It is also necessary for lawyers in private practice who represent financial services companies, as well as lawyers employed by such companies, to be conversant with anti-money laundering, privacy, data security, the Home Mortgage Disclosure Act (HMDA), and the USA PATRIOT Act in order to counsel their clients' complex activities in this new age.
To assist in that learning process, the course is presented in six principal segments:
Financial holding company mergers and acquisitions and alternative methods for owning depository institutions and exercising financial powers;
The effect of Federal preemption doctrines on the offering of financial services products;
The challenge of Federal and state investigations in a multi-financial services environment;
Privacy, data security, and the Fair and Accurate Credit Transactions Act (FACT);
Regulation of bank brokerage activities, mutual funds, and investment advisers; and
The USA PATRIOT Act and related anti-money laundering initiatives.
This year’s program features keynote addresses by Governor Susan Schmidt Bies of the Federal Reserve System, by Comptroller of the Currency John C. Dugan, and by U.S. Securities and Exchange Commissioner Cynthia A. Glassman.
The course is chaired by four distinguished practitioners who are themselves experienced financial services lawyers and alumni of all of the Federal regulatory agencies with jurisdiction over financial services entities.
Time is reserved throughout the program to address registrants’ written questions.
Planning Chairs
A. Patrick Doyle, Arnold & Porter LLP, Washington, D.C.
Ronald R. Glancz, Venable LLP, Washington, D.C.
Martin E. Lybecker, Wilmer Cutler Pickering Hale and Dorr LLP, Washington, D.C.
William J. Sweet, Jr., Skadden, Arps, Slate, Meagher & Flom LLP, Washington, D.C.
Faculty
Scott G. Alvarez, General Counsel, Board of Governors of the Federal Reserve System, Washington, D.C.
H. Rodgin Cohen, Sullivan & Cromwell LLP, New York
Robert L. D. Colby, Deputy Director, Division of Market Regulation, U.S. Securities and Exchange Commission, Washington, D.C.
Donald W. Delson, Managing Director, Keefe, Bruyette & Woods, Inc., New York
L. Richard Fischer, Morrison & Foerster LLP, Washington, D.C.
Sara A. Kelsey, Deputy Superintendent and Counsel, New York State Banking Department, New York
William D. Langford, Jr., Associate Director, Division of Regulatory Policy and PROGRAMs, Financial Crimes Enforcement Network (FinCEN), Washington, D.C.
William R. McLucas, Wilmer Cutler Pickering Hale and Dorr LLP, Washington, D.C.
Sarah A. Miller, Director, Center for Securities, Trusts and Investments, and General Counsel, ABA Securities Association, American Bankers Association, Washington, D.C.
John C. Murphy, Jr., Cleary Gottlieb Steen & Hamilton LLP, Washington, D.C.
Robert E. Plaze, Associate Director, Division of Investment Management, U.S. Securities and Exchange Commission, Washington, D.C.
Andrew L. Sandler, Skadden, Arps, Slate, Meagher & Flom LLP, Washington, D.C.
Robert B. Serino, Senior Advisor for Financial Services, Watkins Consulting Inc., Washington, D.C.; Buckley Kolar LLP, Washington, D.C.
Richard A. Small, Global Anti-Money Laundering Director, Citigroup Inc., New York
Brian R. Sterling, Principal and Co-Head, Investment Banking Group, Sandler O'Neill & Partners, L.P., New York
Peggy Twohig, Assistant Director, Division of Financial Practices, Bureau of Consumer Protection, Federal Trade Commission, Washington, D.C.
John K. Villa, Williams & Connolly LLP, Washington, D.C.
Julie L. Williams, First Senior Deputy Comptroller and Chief Counsel, Office of the Comptroller of the Currency, Washington, D.C.
Ellen S. Zimiles, Principal, Forensic Services, KPMG LLP, New York
Plus a representative of the New York State Attorney General’s Office (to be confirmed)
KEYNOTE SPEAKERS Susan Schmidt Bies, Member, Board of Governors of the Federal Reserve System, Washington, D.C. John C. Dugan, Comptroller of the Currency, Washington, D.C. Cynthia A. Glassman, Commissioner, Securities and Exchange Commission, Washington, D.C.
Program Schedule
Thursday, February 2, 2006
- 7:45 a.m. Registration and Continental Breakfast
- 8:45 a.m. Introductory Remarks and Course Overview
- 9:00 a.m. Keynote Address – Susan Schmidt Bies, Member, Board of Governors of the Federal Reserve System
- 9:30 a.m. Financial Holding Company Mergers and Acquisitions; Nonbank Provision of Banking Services – Messrs. Alvarez, Cohen, Delson, and Sterling
- 10:45 a.m. Networking Break
- 11:00 a.m. The Effect of Federal Preemption Doctrines on the Offering of Financial Services Products –Mss. Kelsey and Williams and a representative of the New York State Attorney General’s Office (to be confirmed)
- 12:30 p.m. Lunch Break
- 2:00 p.m. Keynote Address – John C. Dugan, Comptroller of the Currency
- 2:30 p.m. Investigations of Financial Services Companies; Parallel Proceedings; Sarbanes-Oxley Act – Messrs. McLucas, Murphy, and Villa
- 3:30 p.m. Networking Break
- 3:45 p.m. Privacy, Data Security, the Home Mortgage Disclosure Act (HMDA), and the Fair and Accurate Credit Transactions Act (FACT) – Messrs. Fischer and Sandler and Ms. Twohig
- 5:00 p.m. Adjournment for the Day
Friday, February 3, 2006
- 8:00 a.m. Continental Breakfast
- 8:30 a.m. Keynote Address – Cynthia A. Glassman, Commissioner, Securities and Exchange Commission
- 9:00 a.m. Bank Broker-Dealer Registration; Mutual Fund Activities -- Ms. Miller and Messrs. Colby and Plaze
- 10:30 a.m. Networking Break
- 10:45 a.m. USA PATRIOT Act, Bank Secrecy Act, and Anti-Money Laundering Initiatives from a Multi-Industry Perspective – Messrs. Langford, Serino, and Small and Ms. Zimiles
- 12:30 p.m. Wrap-Up with the Planning Committee
- 1:00 p.m. Adjournment
Total 60-minute hours of instruction: 10.5
Suggested Prerequisite: Limited experience in legal practice in subject matter or completion of Basic CLE Course in subject matter
Educational Objective: Maintenance of professional competence as a practitioner; provision of information on recent legal developments
Level of Instruction: Advanced
Here's what registrants have said about this course:
This was an excellent conference. I was immediately able to use much of what I heard when I got back to my office. I hope these yearly conferences continue so that I can network with the experts and keep my skills polished in this very complex area of law.
This was an excellent course. The panels were far above average. I learned a lot and thoroughly enjoyed it. Thank you!
Course was well presented and had wonderful speakers.
Each member of the panel was knowledgeable and articulated their knowledge very well.
Content was outstanding. Ability to attract top tier talent to participate in program is impressive. Thanks.
