Understanding the Lasting Impact of Basel III on Community Banks

 Phil is a partner in Adams and Reese LLP and is currently serving as the Co-Leader of the Banking and Finance Team of the firm.  His practice is focused primarily on the representation of financial institutions and business entities in transactional and banking litigation matters.  He has extensive experience in bank regulatory matters, corporate governance, securities and commercial lending transaction. As a member of the Transaction and Corporate Advisory Group, he practices in the areas of banking and corporate transactions and banking litigation. 

Phil has served on the Adjunct Faculty Staff of Mississippi College School of Law (Banking Law and Business Planning). He has also served as a Faculty Member at the Mississippi School of Banking (Loan Documentation I and II) and is a frequent faculty speaker and presenter for continuing legal education and other instructional courses on topics related to his practice, including, bank regulatory matters, commercial lending, entity formation and secured transactions.  Phil served as a member of the Corporation Laws, Limit Liability Company Laws and UCC/Debtor-Creditor Laws Policy and Research Committees of the Mississippi Secretary of State’s Committee on Business Reform. 

Phil received his B.B.A. (Banking and Finance/Insurance) from the University of Mississippi in 1981.  He attended Mississippi College School of Law, graduating in 1984 with his J.D.  Phil is a Member of the American Bar Association (Banking Law Committee) and the Independent Community Bankers Association.    

Roberta G. Torian is a partner in the Financial Services Regulatory Group of Reed Smith, resident in the Philadelphia office. Roberta is a bank regulatory lawyer with over 30 years of experience who was formerly general counsel of Advanta Bank and senior counsel of PNC Bank, N.A., and has held numerous leadership roles in the American Bar Association, including Chairperson of the International Subcommittee of the Consumer Financial Services Committee.

Douglas P. Faucette is a banking attorney in Locke Lord's corporate department and heads the Firm's Banking and Transactional Practice Group.

Mr. Faucette has more than 30 years of experience representing publicly and privately held companies in a variety of corporate and securities transactions. He has represented financial services companies, including insurance, investment banking and real estate companies, commercial banks, savings associations and credit unions before the U.S. Securities and Exchange Commission, the federal and state bank regulatory agencies and the U.S. Congress. In the past decade, he has been involved in the passage of all major financial institution legislation including the Dodd-Frank Act. He has advised clients and spoken to industry groups on the various aspects of Dodd-Frank compliance.

Prior to private practice, he served as the Federal Savings and Loan Insurance Corporation Director of the Securities Division and Senior Associate General Counsel. In that capacity he designed numerous hybrid equity instruments such as the Income Capital Certificate, Mutual Capital Certificates, Subordinated Debt and Net Worth Certificate. While at the FSLIC, he served on the Committee which developed the first risk based capital requirements. Since that time he has devoted his practice to various aspects of capital including compliance with prompt corrective action and risk based capital requirements.

Wendy Li is a shareholder in the Corporate & Securities Department and the Financial Regulatory and Compliance Group of Greenberg Traurig, resident in the New York office. Ms. Li regularly represents clients before the Federal Reserve Board, the Securities and Exchange Commission, and various federal and state banking regulators. She is experienced with domestic and international bank regulatory mechanisms and their impact on wholesale and retail banking, securities, trust, and capital market operations. Ms. Li counsels international banks opening branches, agencies, representative offices and brokerage subsidiaries in the United States. She is also experienced with the Financial Holding Company Act, Bank Holding Company Act, Regulation K, Regulation Y, Regulation W, Basel III, Dodd-Frank Act regulations and Volcker Rule Compliance Programs.

Ms. Li holds law degrees from the University of Oxford, Southern Methodist University and Beijing University. She is licensed to practice law in New York and California.