Regulation of Financial Services 2016 Navigating an Evolving Regulatory Landscape

Event Details

Jun 08, 2016

8:00 AM - 5:00 PM

Washington, DC

$695 ($99 for government employees)

The Thomson Reuters Legal Executive Institute is proud to present an inaugural forum on hot topics and key developments involving the regulation of financial services. This premier event is designed for lawyers, banking, and compliance professionals interested in staying abreast of critical developments around global regulatory policies, financial technology, and the escalating sanctions environment as taught by esteemed industry practitioners, regulators, and legal experts from some of the nation’s most esteemed organizations .

Plan to attend and gain essential takeaways for financial service providers and industry professionals at all levels of an organization.


A article covering our “Proceeding with Caution” session can be found here.

Why You Should Attend

  • This conference offers financial services professionals critical advice on the regulatory guidelines all companies must adhere to in the current business environment.
  • Our expert faculty will give definitive answers to key questions and challenges facing the industry.
  • Hear from the regulators and gain direct insight into current and forthcoming developments.
  • Network and share ideas with peers committed to this space.
  • Gain valuable CLE and CPE credit as a registered attendee: Up to 6 CLE credit hours (in 50 minute states) Up to 5 CLE credit hours (in 60 minute states) Up to 6 CPE credit hours (all states)

Who Should Attend

  • Compliance professionals in financial services (Directors, Vice Presidents, Chief Compliance Officers)
  • In house counsel (General Counsel, Associate General Counsel)
  • Regulatory authorities & legal employees
  • Chief Ethics Officers
  • Outside Counsel with expertise in Financial Services

Event Co-Chairs

Mike Delikat

Partner, Orrick, Herrington and Sutcliffe LLP

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David G. Curran

Global Director, Risk & Compliance, Thomson Reuters

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Michael H Krimminger

Partner, Cleary Gottlieb Steen & Hamilton LLP

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Event Keynote Speaker

Vincente L Martinez

Chief, Office of Market Intelligence, Division of Enforcement, US Securities and Exchange Commission

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Event Details

Wednesday, Jun 08

8:00 AM
Registration and Breakfast
9:00 AM
Opening Remarks
9:15 AM
Proceed with Caution: Assessing Global Sanctions in the Changing Regulatory Landscape

Global geopolitical instability and the historic thaw between the United States and Cuba made 2015 a pivotal year for managing sanctions in the financial services sector. In the current regulatory environment, financial services providers must balance a litany of evolving regulatory obligations with technological advancements intended to improve customer service and streamline transaction processes during an era of 24/7 connectivity. This opening discussion offers an earnest exploration of how the changing regulatory landscape is poised to impact banks and their financial services brethren. Our panel will consider the escalating number of fines and settlements impacting the US banking sector, including best practices for organizations to proactively manage their current and potential exposure in an era of considerable unrest.

Michael H. Krimminger – Partner, Cleary Gottlieb Steen & Hamilton LLP

Alma Angotti – Managing Director, Global Investigations & Compliance, Navigant Consulting
Chaim A. Levin – Chief Legal Officer & General Counsel for the Americas, Tradition Group (Compagnie Financière Tradition)
Daniel L. Tannebaum – Director & Global Financial Services Sanctions Leader, PricewaterhouseCoopers LLP
Brian Wilson – Executive Director & Global Head of Sanctions, UBS

10:30 AM
10:45 AM
White Squall: Big Data & the Evolving Data Privacy Imperative in Financial Services

In today’s economy, financial institutions cannot operate without the support of third party service providers handling massive amounts of client data on a daily basis. From call centers to remote servers, these providers pose a significant level of risk when it comes to ensuring customer privacy and data protection. Moreover, thanks to the Court of Justice of the European Union’s (CJEU) abrupt decision to end the transatlantic “Safe Harbor” data transfer framework in October 2015, the heightened sensitivity around cybersecurity has forced more than a few financial institutions to carefully assess their organizational deficiencies around a complex, globalized supply chain. This crucial conversation examines the evolving risk environment financial services firms now face in the wake of the CJEU’s momentous decision. Our panel will offer practical guidance on how best to mitigate third party liability, comply with EU-issued model contracts, engage European Union data privacy authorities, and more.

Daniel Garrie – Founder & Senior Managing Partner, Law & Forensics LLC; Partner, Global Head of Cyber Practice, Zeichner, Ellman & Krause

Nancy L. Perkins – Counsel, Arnold & Porter LLP
James Quinn – Vice President of Security Architecture, Deutsche Bank
Jeffrey C. Sharer – Partner & Co-Chair, Data Law Practice, Akerman LLP

12:00 PM
Keynote Luncheon

Just as financial institutions are challenged by changing regulatory landscapes, so are regulators challenged by technological innovation and the threats created by such rampant industry growth. Vincente L. Martinez, Chief of the US Securities and Exchange Commission’s Office of Market Intelligence, will discuss how regulators are responding to various questions of cybersecurity, data privacy and the integration of big data into regulation. Along with these remarks, Mr. Martinez will discuss how the processes and limits of regulation can affect the speed and manner in which the Securities and Exchange Commission and its staff both respond to immediate issues and craft longer-term approaches through rulemaking, data analysis, examination, enforcement and investor education.

Keynote Presenter:
Vincente L. Martinez – Chief, Office of Market Intelligence, Division of Enforcement, US Securities and Exchange Commission


1:15 PM
Untamed Wilds: Assessing FinTech Proliferation in the Current Regulatory Climate

The financial services sector is not immune to the presence of disruptive innovation. Thanks to the surging FinTech movement and its (seemingly) limitless Silicon Valley-fueled coffers, traditional financial institutions face an uphill battle when it comes to engaging and retaining current customers. Google, Amazon, Apple, PayPal and Intuit represent but a sampling of powerful first wave disruptors poised to radically re-imagine the financial services sector for years to come. And yet, despite such promising developments, the ongoing question of regulatory governance remains a major challenge for many of these exciting developments. This highlight discussion offers a thorough examination of the intricacies and ambiguities defining regulatory oversight of non-traditional financial technology. Our expert panel will offer a critical blueprint for navigating the myriad legal issues—and players—facing FinTech pioneers.

David Curran – Global Director, Risk & Compliance, Thomson Reuters

Daniel Alter – General Counsel & Chief Compliance Officer, itBit Trust Company, LLC
K. Susan Grafton – Partner, Dechert LLP
John Ramsay – Chief Market Policy Officer, IEX Group, Inc.
Laura Unger  Formerly Commissioner and Acting Chairman, US Securities & Exchange Commission; Director, CIT Group, CA Technologies, Navient, Nomura Securities Inc. &  Nomura Global Financial Products

2:30 PM
2:45 PM
Going Rogue: Curtailing Employee Misconduct and Instilling Cultural Change

Since the Financial Crisis, the US Federal Reserve and other prominent regulators have repeatedly expressed concern over changing the culture of historically unethical (or even corrupt) financial institutions. In the UK and European Union, regulatory bodies have introduced new rules limiting bonuses for senior executives involved in critical business capacities, as well as establishing clear certification processes for ensuring “fit and proper” employees at all levels of an organization. Although US regulators have yet to adopt such proscriptive measures, the Federal Reserve is poised to implement a wide-ranging and potentially aggressive policy around enterprise culture and robust risk management throughout the greater financial services sector. This closing conversation offers earnest analysis on where banks and other financial service providers currently fall in the culture challenge; why culture change is so critical for business success, and what steps these and other institutions must embrace in order to effect successful business transformation.

Todd Ehret  Senior Regulatory Intelligence Expert, Thomson Reuters

Mike Delikat – Partner & Chair, Global Employment Law Practice, Orrick, Herrington & Sutcliffe LLP
Joshua E. Levine – Managing Director & Head – ICG Regulatory Enforcement, Citigroup, Inc.
Karen M. Mitchell – Managing Director & Global Head of Human Resources, Legal & Compliance Divisions, Credit Suisse

4:00 PM
Networking Reception
John Ramsay

Chief Market Policy Officer, IEX Group, Inc.

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Daniel Alter

General Counsel & Chief Compliance Officer
itBit Trust Company, LLC

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Vincente L Martinez

Chief, Office of Market Intelligence, Division of Enforcement, US Securities and Exchange Commission

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Todd Ehret

Senior Regulatory Intelligence Expert
Thomson Reuters

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Karen Mitchell

Managing Director, Global Head of HR for Compliance and Global Head of HR for General Counsel
Credit Suisse

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Chaim A. Levin

Chief Legal Officer & General Counsel for the Americas, Tradition Group

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Daniel Garrie

Senior Partner & Co-Founder
Law and Forensics

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Laura Unger

Formerly Commissioner and Acting Chairman, US Securities & Exchange Commission; Independent Director

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Karen Mitchell

Managing Director, Global Head of HR for Compliance and Global Head of HR for General Counsel
Credit Suisse

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Alma Angotti

Managing Director

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Nancy Perkins

Arnold & Porter LLP

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James Quinn

Vice President of Security Architecture
Deutsche Bank

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Daniel Tannebaum

Director - Financial Crimes Advisory Practice

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Brian Wilson

Executive Director & Global Head of Sanctions

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The Willard Intercontinental Hotel

1401 Pennsylvania Ave NW
Washington, DC

Please contact our Conference Planner, Meghan Landis, at 201.912.3042 or for guest room reservations.  The Willard InterContinental is currently sold out of guest room over our program dates, but we have reserved a handful of guest rooms there at a rate of $419/night plus taxes. Additionally, we have reserved guest rooms at the adjacent W Hotel Washington, DC, 515 15th Street NW, at a rate of $479/night plus taxes.  Rooms are subject to availability.

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