Govt. officials, judges, industry experts to discuss ­regulatory, financial enforcement trends at ABA meeting

Regulatory reform, anti-money laundering regulations, artificial intelligence and banking practice, data breaches and the impact of Brexit on U.S. banking are among a range of topics to be discussed by business law experts from around the world during the American Bar Association Business Law Section Spring Meeting, April 12-14, in Orlando, Fla.

Program highlights include:

- "Banking Around the World: A Look at Banking Activities, FinTech, Anti-Money Laundering Regulations and Other Key Issues in an International Context" - This program will define banking activities in international jurisdictions, including the United States, Argentina and Germany. Panelists will discuss the scope/definition of deposit-taking activities; the growing impact of FinTech on the banking industry in these various jurisdictions; as well as anti-money laundering regulations, including Know Your Customer rules and their enforcement, as well as efforts at international cooperation. Speakers include Eleni Koulourioti; director of anti-financial crime EMEA; Deutsche Bank AG; Frankfurt/Main, Germany; and Gabriel Matarasso; partner; Marval, O'Farrell & Mairal; Buenos Aires, Argentina.

- "Brexit: Impact on U.S. Banks, Banking Transactions & Euro Insolvency" - Panelists will explore Brexit: what it is and what it will look like, its impact on U.S. banks and banking transactions and post-Brexit effects on European Union insolvency regulation and proceedings.

- "Policy by Twitter: Is the Demise of Consumer Finance Regulation Merely a Hoax?" - With a new director of the CFPB, Michael Mulvaney, and given the Trump Administration's regulatory reform priorities, less regulation (and more industry-friendly regulatory interpretations) and less aggressive administrative enforcement from the CFPB may be the result. Panelists will explore whether a less-aggressive regulatory environment will benefit financial services companies and increase access to credit, or create a new race to the bottom, and if the states will fill the perceived gap to impede a return to the wild, wild west. Speakers include Katherine Bosken; deputy commissioner of banks for legal affairs; North Carolina Office of the Commissioner of Banks; Raleigh, N.C.

- "Anti-Money Laundering, Counter-Terrorist Financing, Anti-Financial Crime US and Global Developments Update 2018 A Challenge for Corporate Compliance Looking Down the Road Ahead" - Compliance gear up to deal with the increase in the number and complexity of U.S. and international extraterritorial reach/U.S. impact financial crime regulations. Compliance strategy; increase in U.S. and international legal and regulatory enforcement. Corporate culture as the strongest KPI: ethics and sustainability - understanding behavior - beyond doesn't mean away from legal & regulatory compliance - challenge for corporate compliance, corporate and outside counsel.

- "The New Uniform Regulation of Virtual Currency Businesses Act: Benefits for Companies and Consumers" - Panelists will discuss the scope and application of the URVCBA, probe its regulatory on-ramp that encourages innovation and examine the ways the act is beneficial for companies and consumers. We will also discuss the status of proposed legislation in states that are among the first to introduce the URVCBA or substitute legislation.|

- "Electronic Residential Mortgage Notes Under the Proposed Federal Repository Act and the Uniform" - A federal statute to create an electronic residential mortgage notes registry has been drafted. UCC amendments are being proposed to provide the commercial law rules for electronic mortgage notes filed in the registry. This panel will discuss how these projects would affect residential mortgage borrowers and lenders and those who finance the lenders.

A complete program and updated list of speakers can be found online.

Published: Tue, Apr 03, 2018

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