Conference Program

New leadership at the U.S. banking agencies, evolving areas of focus at the international level, and changes in the competitive environment are likely to provide for a significant impact on the regulatory environment for financial institutions. This panel convenes senior representatives from industry and government for a discussion on key areas of focus for both financial institutions and bank regulators and how these will shape the future regulatory landscape for commercial banks.

Panelists:

• Peter J. Morgan III, Managing Director, General Counsel and Corporate Secretary, Charles Schwab
• Jeremy Newell, Senior Fellow, Bank Policy Institute
• Randal K. Quarles, Chairman, The Cynosure Group
• Reena Sahni, Associate General Counsel, Federal Reserve Board

Moderator: Adam Gilbert, Partner, PwC

As the world becomes increasingly interconnected, financial institutions are required to continually enable new capabilities that provide for the deep integration of payments functionality and data into processes and products of all types. This panel convenes senior bank and service provider leaders to discuss the demands across numerous industries for speed, data, and connectivity, along with the considerations that financial institutions should evaluate in delivering embedded banking and finance to their corporate and retail customers.

Panelists:

• Aditya Bhasin, Chief Technology and Information Officer, Bank of America Corporation
• Amy G. Brady, Executive Vice President, Chief Information Officer, KeyBank
• Jayna Bundy, General Manager of Financial Programs & Analytics, Microsoft
• Carol Juel, Executive Vice President, Chief Technology and Operating Officer, Synchrony

Moderator: Jennifer Lucas, Principal, U.S. Payments Lead, Ernst & Young LLP

Successfully delivering access to safe, reliable, and affordable financial services to individuals and businesses across the economy remains an ongoing area of focus for the banking industry. This panel brings together leading practitioners focused on expanding the availability of financial services to bring the unbanked and underbanked into the banking system, with a particular focus on recent research on causal factors, approaches that have been successful and unsuccessful in the past, and what more is needed to improve financial inclusion.

Panelists:

• Janis Bowdler, Counselor for Racial Equity, U.S. Department of the Treasury
• Kelvin Chen, Vice President and Senior Associate General Counsel, Capital One
• Aaron Klein, Senior Fellow, Economic Studies, Brookings Institution
• David Rothstein, Senior Principal, Cities for Financial Empowerment Fund

Moderator: Debo P. Adegbile, Partner and Chair of the Anti-Discrimination Practice, WilmerHale

The first wave of U.S. real-time payments consisted of RTP deployment, connecting the first generation of real-time payment adopters to the RTP network and achieving critical mass on the network’s journey to scale. Now the second wave of U.S. real-time payments is centered around enabling new innovative feature functionality and capabilities to drive a wide range of use cases, and the emerging third wave features the continued maturation, expansion, and reach of the RTP network. This panel convenes representatives from providers, users, and the operator of the RTP network for a view into how the RTP network’s feature functionality is being used to develop innovative capabilities and a look into the future of real-time payments both domestically and globally.

Panelists:

• Jessica Cheney, Vice President, Head of Digital Banking Product, Bottomline Technologies
• James M. Colassano, Senior Vice President, RTP Product Development and Strategy, The Clearing House
• Ulrike Guigui, Executive Vice President and Head of Enterprise Payments Strategy, Wells Fargo & Company
• Tim Ruhe, Vice President of Payment Strategy and Partnerships, Fiserv

Moderator: Zachary Aron, Principal, Global and U.S. Banking and Capital Markets Payments Leader, Deloitte

With Brexit enacted, regulatory frameworks in both the UK and EU are beginning to reflect this reality, with implications for financial services in these domiciles, but also for global banking more broadly. Issues currently in play in this context include: the finalization and implementation of Basel III, banks operating through different legal entity structures and the associated challenges, and current supervisory views on the cross-border provision of services. The prospect of finding areas for improvements in local and global regulatory frameworks, meanwhile, could present an opportunity for both regulators and industry. This panel convenes EU, UK, and U.S. regulators and policymakers for an in-depth discussion on the opportunities and challenges associated with the post-Brexit financial landscape.

Panelists:

• Thomas Haigh, First Secretary, Economic, British Embassy, Washington DC
• Paulina Dejmek Hack, Director for General Affairs, European Commission's DG FISMA
• Jeff Samuel, Managing Director, Americas Head Group Governmental and Regulatory Affairs, UBS
• Nicholas K. Tabor, Deputy Assistant Secretary for International Financial Markets, U.S. Department of the Treasury

Moderator: Barnabas (Barney) Reynolds, Global Head of the Financial Services Industry Group, Shearman & Sterling LLP

As consumer use and demand for fintech services continues to grow, the fintech ecosystem has developed from being comprised of “scrappy,” upstarts to large, sophisticated companies that provide bank-like services, sometimes at the scale of the largest banks, and, in many cases, are expanding beyond these consumer apps and are providing, among other things, core infrastructure services. Furthermore, the relationships between banks and fintechs have grown increasingly complex, as fintechs have evolved from solely being bank competitors to being service providers for banks as well as significant treasury services customers. Additionally, the growth of fintechs has attracted the attention of regulators, and the increasing relationships between banks and fintechs has implications for the banking regulators’ expectations for these fintechs as well as banks’ management of third-party relationships. This panel convenes leading practitioners from banks, fintechs, and government to consider the various aspects of the increasingly complex relationships between banks and fintechs.

Panelists:

• Rich Clow, Emerging Payments and Strategy Executive, Bank of America Corporation
• Kevin Greenfield, Deputy Comptroller Operational Risk Policy, Office of the Comptroller of the Currency
• Jo Jagadish, Head of Corporate Products, Services and Innovation, TD Bank
• Avery Miller, Head of North American Strategic Partnerships, PayPal, Inc.

Moderator: Gregory Lyons, Partner and FIG-Co-Chair, Debevoise & Plimpton LLP

Building momentum and recent developments in U.S. prudential regulation relating to climate risk are requiring attention and focus from financial institutions. This panel convenes industry and regulatory practitioners to discuss current developments in climate change regulation for financial institutions. Panelists will cover overall trends in this area, recent climate risk management consultations from the Office of the Comptroller of the Currency and the Basel Committee on Banking Supervision, current developments in U.S. supervision, and the evolution of risk management tools and practices including scenario analysis and transition planning.

Panelists:

• Jonathan Fink, Associate Chief Counsel and Climate Risk Officer, Office of the Comptroller of the Currency
• Graham Steele, Assistant Secretary for Financial Institutions, U.S. Department of the Treasury
• Kevin Stiroh, Senior Advisor, Division of Supervision and Regulation, Board of Governors of the Federal Reserve System
• Kara Succoso Mangone, Managing Director, Global Head of Climate Strategy, Goldman Sachs & Co. LLC

Moderator: Margaret E. Tahyar, Co-head, Financial Institutions, Davis Polk & Wardwell LLP

The demand for cheaper, faster, and more transparent cross-border payments continues to grow, driven by technological advances and rising customer expectations for ease and speed in global transactions. Concurrent with this trend regulators around the world are increasingly focused on improving cross-border payments in their respective jurisdictions and globally. This panel will assess a range of current initiatives in the marketplace to address cross-border frictions from bank, market infrastructure, and official sector perspectives, and consider the opportunities and challenges to realize the promise of instant cross-border payments.

Panelists:

• Jessica Lyn Bartlett, Global Head of Financial Crime Legal, Barclays
• Hampton Finer, Payments and Market Infrastructure Policy Program Director, Federal Reserve Bank of New York
• Beth Geller, Executive Director, Industry Issues, Corporate and Investment Bank, Payments, JPMorgan Chase & Co.
• Hays Littlejohn, Chief Executive Officer, EBA CLEARING
• Matthew Loos, Director and Strategy Executive, SWIFT

Moderator: Courtney H. Trimble, Global Head of Payments, KPMG LLP

Bank CFOs have perhaps the most immediate and deepest insight into emerging challenges and opportunities for their institutions and accordingly are on the front lines for their institutions in periods of turbulence and change. This panel will bring together leading CFOs to share experiences and engage with each other regarding the key challenges and opportunities facing them and the industry.

Panelists:

• Jennifer LaClair, Chief Financial Officer, Ally Financial Inc.
• Emily Portney, Chief Financial Officer, BNY Mellon
• Phiroze Rao, Chief Financial Officer, BNP Paribas USA, Inc.
• Robert Q. Reilly, Chief Financial Officer, The PNC Financial Services Group, Inc.

Moderator: Douglas Elliott, Partner, Oliver Wyman

Fintechs and Big Tech are increasingly engaging in the provision of functionally equivalent banking services, with some seeking Federal Reserve master accounts and access to the U.S. payments system. This panel convenes leading experts from industry, government, and academia to explore this ongoing evolution of banking services, potential regulatory responses, and the implications of these developments for consumers and the broader U.S. financial and payments systems.

Panelists:

• Jillian D. Eng, Managing Director and General Counsel for Bank Regulatory Legal, JPMorgan Chase & Co.
• Charles Gray, Deputy General Counsel, Federal Reserve Board
• Julie A. Hill, Alton C. And Cecile Cunningham Craig Professor, University of Alabama School of Law
• Adam Rust, Senior Policy Advisor, National Community Reinvestment Coalition

Moderator: David L. Portilla, Partner, Cravath, Swaine & Moore LLP

The Biden Administration's approach to enforcement has introduced key questions around individual accountability, fairness and due process in enforcement actions, defining corporate recidivism, the appropriate role of compliance monitors, and what some observers refer to as “regulation by enforcement.” This panel of representatives from regulatory agencies, the Department of Justice, and industry will examine these topics, along with other “hot button” issues in the enforcement realm.

Panelists:

• Richard Ashton, Deputy General Counsel, Federal Reserve Board
• Monica Freas, Director of Enforcement, Office of the Comptroller of the Currency
• Michael Grady, Acting Deputy Chief of the Money Laundering & Asset Recovery Section’s Bank Integrity Unit (BIU) in the Criminal Division, U.S. Department of Justice
• Mei Lin Kwan-Gett, Global Head of Litigation and Regulatory Investigations, Citigroup, Inc.
• Cara Petersen, Principal Deputy Enforcement Director, Consumer Financial Protection Bureau

Moderator: D. Jean Veta, Senior Counsel, Covington & Burling LLP

Digital assets, including cryptocurrencies and stablecoins, along with decentralized finance more generally, have captured a significant amount of attention in recent years, with some holding the view that these assets and capabilities will dramatically alter banking and finance in their current form. This panel convenes representatives from industry and government to discuss the opportunities and risks associated with digital assets and decentralized finance and the emerging regulatory framework relating to various digital asset products.

Panelists:

• Rodney Abele, Managing Chief Counsel, The PNC Financial Services Group, Inc.
• Dini Ajmani, Deputy Assistant Secretary, Capital Markets, U.S. Department of the Treasury
• Ian De Bode, Partner, McKinsey & Company
• Caitlin Long, Founder & Chief Executive Officer, Custodia Bank

Moderator: Derek M. Bush, Partner, Cleary Gottlieb Steen & Hamilton LLP

More than a decade since its founding, the CFPB’s mission, priorities and focus continue to evolve, with the Biden Administration currently putting its imprint on the agency. This panel brings together industry and government practitioners to consider the CFPB’s trajectory and current priorities and areas of focus, along with a review of the agency’s primary tools of enforcement, supervision, and regulation with the goal of providing insight into what banks can expect from each in the coming years

Panelists:

• Kate Prochaska, Head of Regulatory Policy, Discover Financial Services
• Kathryn Rock, Partner, Guidehouse, Inc.
• Peter E. Mahoney, Senior Deputy General Counsel, Truist Financial Corporation
• Stephen Van Meter, Former Deputy General Counsel (retired), Consumer Financial Protection Bureau

Moderator: Thomas G. Ward, Partner, Sidley Austin LLP

The exploration of digital currencies by central banks around the world, including the Federal Reserve Board, present a range of questions in terms of how, if adopted, CBDCs would likely affect banking and the economy. This panel convenes experts from industry, government, and academia to explore what a U.S. CBDC might look like, the design and policy choices that the Federal Reserve would have to navigate to implement a digital currency, and the overall implications for the banking and payments system.

Panelists:

• Jordan Bleicher, Senior Advisor to the Under Secretary for Domestic Finance, U.S. Department of the Treasury
• Duncan B. Douglass, Partner, Alston & Bird LLP
• Darrell Duffie, Adams Distinguished Professor of Management and Professor of Finance at the Graduate School of Business, Stanford University
• Randal K. Quarles, Chairman, The Cynosure Group
• Jim Reuter, President and Chief Executive Officer, FirstBank Holding Company

Moderator: Bill Nelson, Executive Vice President and Chief Economist, Bank Policy Institute

The issuance of an Executive Order by President Biden on promoting competition in the American economy and recent agency requests for information on the bank M&A review process have brought the regulatory approval process governing bank mergers to the forefront. This panel brings together government and industry practitioners to address key issues relating to the current review process as well as possible future directions in bank M&A policy.

Panelists:

• Benjamin W. McDonough, Senior Deputy Comptroller and Chief Counsel, Office of the Comptroller of the Currency
• Ellen Patterson, Senior Executive Vice President and General Counsel, Wells Fargo & Company
• Graham Steele, Assistant Secretary for Financial Institutions, U.S. Department of the Treasury
• Mark E. Van Der Weide, General Counsel, Federal Reserve Board

Moderator: Lee A. Meyerson, Head of the Financial Institutions Practice, Simpson Thacher & Bartlett LLP

Fintech and Big Tech are playing an increasing role in the financial lives of American consumers, with significant implications for consumer privacy. This panel convenes leading practitioners in this area to explore issues related to the use of consumer financial data, the various regulatory frameworks that exist today governing its use, and gaps that may need to be addressed.

Panelists:

• Grovetta N. Gardineer, Senior Deputy Comptroller for Bank Supervision Policy, Office of the Comptroller of the Currency
• John Pitts, Head of Global Policy, Plaid
• Natalie Talpas, Senior Vice President, Head of Strategy and Emerging Payments, Digital and Payments, The PNC Financial Services Group, Inc.
• Chi Chi Wu, Staff Attourney, National Consumer Law Center

Moderator: Jeffrey P. Taft, Partner, Mayer Brown LLP