Dodd-Frank: Leverage and Risk-Based Capital Requirements For Banks (SEC. 171) LIVE Webcast
Even before the recent economic downturn, there had been continuing efforts to revise capital requirements of global banking firms through the Basel Committee of the Bank for International Settlements (Basel). The financial meltdown accelerated these efforts and led to Dodd-Frank –the most sweeping regulatory reforms in nearly 100 years. Through provisions such as the Collins amendment and enhanced prudential standards for significantly important financial institutions (so-called SIFIs), Dodd-Frank fundamentally changes capital requirements of U.S. banking institutions and may impose capital requirements on non-banking companies previously exempt from the capital rules. In addition, enhanced supervisory efforts (like stress-testing) and new capital and liquidity standards imposed under Basel III are causing financial firms to reevaluate the sufficiency of their capital in relation to their assets, activities and underlying risks. This event will provide an overview of the most significant changes expected from Basel and Dodd-Frank, including:
– Basel III
– the Collins amendment,
– enhanced prudential capital standards applicable to SIFIs, and
– annual capital plans (CCAR), stress-testing, and other supervisory issues.
It will also discuss the implications of these changes, including:
– increases in overall capital requirements (new minimums and buffer requirements),
– elimination of trust preferred securities as a form of Tier 1 capital,
– capital deductions for certain assets (e.g., MSRs, deferred tax assets, investments in financial firms), and
– applicable phase-in periods.
A panel of industry leaders and governance experts is being assembled by the Knowledge Group to discuss these sweeping capital developments and what they mean for the financial services industry. The presentation will be aired in a LIVE two-hour Webcast.
Session I – OVERVIEW
- Collins Amendment (Kimble Charles Cannon, Of Counsel, Gibson, Dunn & Crutcher LLP)
- Enhanced prudential capital standards applicable to SIFIs (Keith R. Fisher, Of Counsel, Ballard Spahr LLP)
- Annual capital plans (CCAR), stress-testing, and other supervisory issues (Stacie E. McGinn, Partner, Simpson Thacher & Bartlett LLP)
Session II – PRACTICAL IMPLICATIONS
- Increases in overall capital requirements (new minimums and buffer requirements) (Stacie E. McGinn, Partner, Simpson Thacher & Bartlett LLP)
- Basel III (Michael H. Krimminger, General Counsel, Federal Deposit Insurance Corporation)
- Applicable phase-in periods (Christopher Cole, Senior Vice President and Senior Regulatory Counsel, Independent Community Bankers of America)
Who Should Attend:
- Bank Regulators
- Bank Presidents
- Bank Owner/Executives
- Financial Institutions’ Executives
- Bank Supervisors
- Compliance Officers
- Chief Risk Officers
- Banking Regulation Lawyers
- Banking Lawyers & Consultants
- Finance Lawyers
- Senior Management
- And other related professionals
Mr. Krimminger is the General Counsel for the Federal Deposit Insurance Corporation. Prior to this appointment he was Deputy to the Chairman for Policy, serving as the Chairman’s advisor and directing policy initiatives on a wide variety of banking and financial institution crisis and resolution, mortgage finance, international coordination, capital markets, and legal issues. He co-chairs the Basel Committee on Banking Supervision’s Cross Border Resolutions Working Group, which recently issued its recommendations for international infrastructure improvements, and the Basel Committee and International Association of Deposit Insurer’s working group that developed Core Principles for Effective Deposit Insurance Systems.
Mr. Krimminger is a graduate of the University of North Carolina and received his J.D., with Distinction, from Duke University School of Law. Mr. Krimminger has published a number of analyses of banking and insolvency issues. Recent publications include “It’s Alive!” – Mortgage Risk Reborn: Issues and Possible Solutions,” “Adjusting the Rules: What Bankruptcy Reform Will Mean for Financial Market Contracts,” and “Controlling Moral Hazard in Bank Resolutions: Comparative Policies & Considerations in System Design.”
Mr. Krimminger is the General Counsel for the Federal Deposit Insurance Corporation. Prior to this appointment he was Deputy to …
Current Position: Senior Vice President and Senior Regulatory Counsel of the Independent Community Bankers of America, focusing on deposit insurance issues, regulatory restructuring, safety and soundness issues, corporate governance issues, credit unions and capital requirements. Chris is currently ICBA’s staff liaison for the ICBA Regulatory Review Committee, and has served as the staff liaison for the ICBA Mutual Bank Council, and the ICBA Large Community Bank Council.
Previous Positions: Vice President and Assistant General Counsel with First Virginia Banks, Inc. which merged into BB&T. Prior to that, I served as counsel for the Marriott Corporation and as a Tax Attorney for the Department of Treasury.
Education : • University of Virginia, B.A. with Honors in History.
• University of Virginia School of Law, J.D.
• Georgetown University, Masters of Law in Taxation.
Chris is quoted frequently in a number of publications including the Washington Post, the American Banker, The Wall Street Journal and CBS Market Watch, and has appeared on PBS’ Nightly Business Report, and Bloomberg Television.
Married with three children living in McLean, Virginia.
Current Position: Senior Vice President and Senior Regulatory Counsel of the Independent Community Bankers of America, focusing on deposit insurance …
Frank A. Mayer, III, is a partner in the Financial Services Practice Group of Pepper Hamilton LLP, resident in the Philadelphia office. Mr. Mayer focuses his practice on counseling regulated business enterprises including tax-exempt organizations, with a special emphasis on financial institutions.
Mr. Mayer’s practice is in the areas of bank regulations, international banking, bank insolvency, receiverships and related business disputes, public finance and corporate finance. His clients represent an array of industries, including financial institutions, health care, real estate, telecommunications, sports, utilities and energy. Mr. Mayer also counsels business enterprises with respect to their relationships with federal, state and local government.
Frank A. Mayer, III, is a partner in the Financial Services Practice Group of Pepper Hamilton LLP, resident in the …
Stacie McGinn is a partner in the New York office of Simpson Thacher & Bartlett LLP. Ms. McGinn is a leading financial services regulatory lawyer and her practice focuses on all aspects of the regulation of banks and other financial institutions. Ms. McGinn has represented financial holding companies, banks, thrifts, mortgage companies, consumer finance and insurance companies before federal and state regulatory agencies in connection with mergers and acquisitions, and examination, supervisory and enforcement matters.
Ms. McGinn has over 25 years of experience in the financial services industry. Prior to joining Simpson Thacher, she served as Deputy General Counsel for the global consumer businesses of Bank of America Corporation. Prior to joining Bank of America, Ms. McGinn was a partner in a financial services regulatory practice in Washington, D.C., where she practiced for 14 years.
Ms. McGinn received her J.D. from Georgetown University Law Center. She received her B.B.A. from Baylor University. Ms. McGinn is admitted to practice in New York and the District of Columbia.
Stacie McGinn is a partner in the New York office of Simpson Thacher & Bartlett LLP. Ms. McGinn is a …
Kimble Charles Cannon is of counsel in the Los Angeles and Washington offices of Gibson, Dunn & Crutcher, focused on …
An honors graduate of Princeton University and Georgetown Law, Keith Fisher is currently Of Counsel to Ballard Spahr LLP in its Washington office, where he concentrates on financial services law and regulation, mergers and acquisitions, and related litigation. Keith has considerable prior practice experience, was a full-time law professor for 12 years, and was the initial Reporter for the ABA’s Commission on Ethics 20-20. Author of a treatise on M&A law and numerous law review articles, Keith currently chairs the International Banking Subcommittee of the ABA Banking Law Committee. He is a Juilliard-trained musician and also portrayed defense counsel for the banks in Cleveland vs. Wall Street, a 2010 Franco-Swiss docudrama that was selected for the Cannes Film Festival.
An honors graduate of Princeton University and Georgetown Law, Keith Fisher is currently Of Counsel to Ballard Spahr LLP in …
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Method of Presentation:
On-demand Webcast (CLE)
NASBA Field of Study:
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Federal Deposit Insurance Corporation
Simpson Thacher & Bartlett LLP
About Federal Deposit Insurance Corporation
About Independent Community Bankers of America
About Pepper Hamilton LLP
About Simpson Thacher & Bartlett LLP
About Gibson, Dunn & Crutcher LLP
Gibson, Dunn & Crutcher is a full-service global law firm, with more than 1,100 lawyers in 17 offices worldwide, including New York, Los Angeles, Washington D.C., Dallas, Denver, San Francisco, Palo Alto, Orange County, Century City, Paris, London, Munich, Brussels, Dubai, São Paulo, Hong Kong and Singapore.
About Ballard Spahr LLP