Click below to find the 2018 Annual Conference program.
Technology, changing consumer demands, regulation and non-bank competition are all forces changing the banking landscape, affecting how banks are structured, their technology investments, physical presence, ROE, and more. This panel convenes finance industry leaders with deep knowledge of the banking industry for an outside perspective on how banks are being re-shaped in response to these trends and what these changes mean for bank customers, markets, shareholders, and perhaps the financial system more generally. Panelists will also share their perspective and outlooks for the commercial banking landscape in the future.
Banks provide people a low cost and safe place to keep their savings, make payments, and provide small businesses the credit necessary to grow. Conversely, a lack of access to bank services leaves underserved communities with only higher-cost alternatives, or no alternative at all. Bank regulation and supervision shape the markets in which banks decide whether and where to offer these services. This panel will review the causes and consequences of “banking deserts” and discuss public policies that can promote greater access to bank services.
Real-time payments arrived in the U.S. a year ago with the introduction of the RTP® system, the first new U.S. payments rail to be introduced in over 40 years. The RTP® system enables the movement of money between financial institutions in seconds and provides a robust messaging and data handling capability, which, taken together, will power smarter, more precise payment services. Through these capabilities, the RTP® system is expected to benefit financial institution customers with new efficiencies, including improved cash flow management, greater financial control and better operational decision-making. This panel will review the significance of the RTP® system, what it means for financial institutions and their customers, and the payments system more broadly.
In recent years, U.S. banking agencies have implemented significant changes to the supervisory tools and methods aimed at promoting financial stability and protecting customers from potential harm. Among these new approaches is the adoption of a more tailored and risk-based approach to supervision, the Federal Reserve is in the process of finalizing a new rating system for large financial institutions and federal regulators recently implemented a revised Uniform Interagency Consumer Compliance Rating System. Panelists will assess key developments and trends in bank supervision and examination and how these trends are shaping global and U.S. banks. The panel will discuss the potential impact of “reg tech” and “big data” technology on supervision and examination and address agency use of guidance, standards for review of examination ratings, standards for issuing Matters Requiring Attention (MRAs), and more.
Banks are investing in modernizing, digitization. Fintechs are launching new products every day. Neo-Banks are entering the market without legacy burdens. Customers are demanding flexibility and customization. Continual investment in innovation and potential partnerships are needed by all parties to be successful.
The landscape for large commercial banks in the United States continues to evolve in response to the overall business environment, technological shifts, and changing customer demands, as well as other variables. This panel convenes CEOs from four TCH owner banks to provide perspective on the key issues for large commercial banks today, meeting consumer demands, the regional and national economic picture, technological advances and managing a bank in the digital age.
This panel convenes the presidents of three Federal Reserve banks for a discussion on areas including the economy, regulation, financial innovation, and the future of payments.
This panel convenes senior regulators and policy experts for a discussion about developments in and around bank M&A, including anticipated impacts of recent regulatory and supervisory policy changes on the M&A environment. The panel also will explore practical approaches to effectively and efficiently navigate the regulatory approval process. Specific topics to be discussed include: lessons from recent transactions, ways to expedite the approval process, and opportunities to seek informal guidance.
The number of connected devices to the internet may surge to 125 Billion by the year 2030. Though the number is not nearly as impressive as the integration of these devices into our everyday lives and the data that then can be collected. This interconnectivity is already making its way into the banking and payments space. How will it continue to evolve into the future and how can banks harness the power?
To what degree is global banking impacted by recent political trends towards nationalism? What is driving the increase in the degree of ex ante ring-fencing of banking operations along national/geographic lines? What are the implications for global banks and their customers, and how do banks adapt? Finally, what are the roles and responsibilities of central banks, bank supervisors and bank resolution authorities in navigating these issues?
Unlike the mandates in Europe related to PSD2 and Open Banking, U.S. financial institutions are taking a cross-industry proactive approach to provide consumers greater control over granting access to sensitive financial account data to third parties and managing ongoing access. The industry is working collaboratively with fintechs and data aggregators to create a standard set of secure APIs that can be leveraged by 3rd parties when a customer desires to grant access to their banking data. This approach will provide for safer and more secure ways of accessing customer data, foster innovation and enable greater customer control and transparency.
The litigation and enforcement environment continues to evolve for banks, particularly in the context of government investigations and enforcement actions, which, year after year, become steadily more demanding. Senior representatives from banks, regulatory agencies, and the legal community will provide insights into the hallmarks of a good internal investigation, current enforcement priorities and initiatives and more. The panelists will also discuss issues relating to institutional versus individual accountability, interagency coordination of enforcement actions, the appropriate role of compliance monitors, and what some observers increasingly refer to as “regulation by enforcement.”
Lots of investment, time, discussion and volatility has been centered around the topics of blockchain technology and cryptocurrencies without much in the way of results. What is its relevancy as is comes to banking and even payments in the future? Will regulatory agencies or governments continue to get more involved? Will cryptocurrencies topple fiat currencies?
New Approaches to Enhancing AML-CFT Effectiveness: As policymakers continue to discuss AML/CFT reform, both regulators and financial institutions continue to work to enhance the regime’s effectiveness. This panel will bring together regulators and BSA officers to discuss the state-of-play of reform efforts and industry efforts to make the regime more efficient and effective.
As innovation becomes ever more critical to enabling the business of banking, the need for constant technological advances, effective balance sheet management and regulatory demands dictate the scale and scope of technology investment within banks. This panel will convene senior industry experts to discuss how changes in R&D, automation, processes and technology development impact how people work, how customers are served and the flow through to the balance sheet.
The panel will include a discussion of the board’s role in setting and overseeing a bank’s risk management and culture; whether boards are again able to give the requisite focus to strategic issues and the “soundness” part of “safety and soundness”; and how boards can be positives (or negatives) when a bank is undergoing a crisis. The Federal Reserve is finalizing a new framework for evaluating board effectiveness and the OCC recently updated examination guidance to clarify the roles of a bank’s board. The panel will explore these developments as well as other key issues and challenges facing bank boards of directors, including the role of the board in a rapidly changing digital landscape.
As a vast number of jurisdictions across the globe are currently engaged in the process of “modernizing” their Payments platforms, the primary focus is, understandably, on creating a faster, more secure, less costly and product enriched environment for the Domestic traffic. These efforts are in various stages of planning and execution. As we look past the regional efforts the question becomes, “What’s Next?” And the answer is, “Globalization!” Does the global financial community envision a world, where true real time payments are executed cross border, cross currency? What will it take to accomplish that feat? What are the hurdles? What is the first step? Please join our panel of experts as we explore these and other questions.
The representation of corporate clients can raise a host of issues that are not pertinent when representing individuals. These can include potential confusion regarding who exactly the client is, questions on whether and how to escalate concerns within the company, and the impact of the Yates memo and the regulatory focus on individual culpability. This panel will explore these topics and provide insights from leading attorneys with a focus on large financial institutions.