RegTech Rising: Opportunities and Challenges for the Year Ahead
In recent years, Regulatory Technology (RegTech) has continued to blossom into an industry of size and significance. Primarily driven by the increasing compliance cost, RegTech tools are now helping organizations, particularly those in the financial services industry, to address regulatory risk and ensure compliance.
While RegTech offers tremendous opportunities, it doesn’t come without challenges both for regulators and firms. Companies must be deliberate in choosing the right technologies and its possible impact on their business.
Join Mr. John Levonick (Ballard Spahr) and Mr. Kevin Petrasic (Davis Wright Tremaine) as they provide the audience with a comprehensive analysis of the opportunities and challenges regarding the rise of RegTech and what to expect in the years ahead. As experts, they will also provide practical strategies on how organizations should use RegTech to maximize its benefits.
Key topics include:
- The Rise of RegTech – An Overview
- Latest Compliance Opportunities and Challenges
- RegTech Considerations
- How to Use RegTech
Ballard Spahr LLP
- Merging of Safety and Soundness, with Consumer Protection Equals Broad Authority
- RegTech Risk Management “Best Practices”
Davis Wright Tremaine LLP
- Regulatory Approaches
- Evolving Regulatory Landscape
- Changes in Risk Management
- FinTech/RegTech in the Financial Services Industry
- Key Features of FinTech/RegTech Developments
- How FinTech/RegTech are Reshaping the Financial Services Industry
- Applications in Lending
- Compliance Automation and Optimization
- Data Aggregation and Development of New Products and Services
- Challenges in Developing and Applying RegTech Solutions in the Financial Services Industry
- Uncertain Development Paths
- Developer and Provider Liability
- Regulatory Acceptance and Increased Regulatory Scrutiny
- Judgment Limitations and the Potential for Bias
Who Should Attend:
- Financial Institution Executives
- Chief Technology Officers
- Chief Information Officers
- Risk and Compliance Executives
- In-house Counsel
John V. Levonick is a mortgage banking and financial services attorney who focuses on regulatory compliance and emerging technology. With nearly 20 years of legal experience, John works with primary and secondary market financial services firms, technology and service providers, and federal and state regulatory authorities to define, translate, and build business infrastructure around regulatory obligations.
John worked for more than 17 years as in-house counsel at technology, consulting, auditing, and mortgage lending firms, in roles that included general counsel, chief compliance officer, and senior regulatory counsel. With a background in cloud computing and IT governance, John guides mortgage banking and other financial services firms effectively through the ongoing evolution of IT infrastructure regulation as the federal and state governments implement emerging cybersecurity and privacy laws.
John V. Levonick is a mortgage banking and financial services attorney who focuses on regulatory compliance and emerging technology. With …
Kevin Petrasic is widely known for his work in advising leading U.S. and international financial institutions on core bank regulatory issues, critical compliance and policy matters, and risks arising from innovative financial technology. The breadth and sophistication of Kevin’s practice, his long relationships with leading US and international financial institutions, and his broad government experience--including service in senior posts with the U.S. Treasury Department’s Office of Thrift Supervision and the House Banking Committee--have equipped him to develop practical solutions informed by a deep understanding of regulators’ perspectives, priorities and constantly evolving policy objectives. Kevin’s clients have a particularly high regard for his ability to provide exceptional advice on complex and emerging issues involving both traditional and nontraditional bank charters, such as industrial loan company and special purpose national bank FinTech charters, regtech and artificial intelligence solutions for financial firms, and anti-money laundering issues and OFAC compliance.
Kevin has extensive experience in Dodd-Frank compliance, bank/thrift and holding company regulation, enforcement and transactional matters, troubled bank issues; credit card and consumer financial compliance laws, UDAAP issues, cybersecurity and data privacy/protection issues, compliance laws impacting payments systems, mergers and acquisitions, depository institution powers and activities, cross border regulation of financial firms, legislative matters and analysis, mortgage market regulation, and corporate governance.
Kevin Petrasic is widely known for his work in advising leading U.S. and international financial institutions on core bank regulatory …
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Method of Presentation:
General knowledge of Regulatory Technology (RegTech)
NY Category of CLE Credit:
Areas of Professional Practice
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About Ballard Spahr LLP
Ballard Spahr LLP is a national firm of more than 650 lawyers in 15 offices across the country. Our attorneys provide counseling and advocacy in more than 50 areas within business and transactions, finance, intellectual property, litigation, and real estate. We represent a diverse cross-section of clients, ranging from large public companies and privately held entities to government bodies and nonprofit organizations. Our practices span the financial, industrial, real estate, private equity, retail, and other sectors that are critical to growth in today’s marketplace.
About Davis Wright Tremaine LLP
Davis Wright Tremaine LLP is a full-service law firm of 550 lawyers in 8 offices across the United States, including New York, San Francisco, and Washington, DC. Our integrated team of financial services, technology, privacy, and corporate lawyers takes a collaborative approach to helping financial institutions, emerging FinTechs, investors, payment processors, and other companies launch innovative products or invest in new solutions. Learn more about how we can help at www.paymentlawadvisor.com.