Fundamentals of Banking Law

Scott Alvarez Related Seminars and Products

Retired General Counsel

Federal Reserve Board

Scott G. Alvarez retired in September, 2017, after having served as an attorney at the Board of Governors of the Federal Reserve System for 36 years, including 13 years as the General Counsel to the Board and the Federal Open Market Committee.  As the chief legal officer for the Board. he provided legal and policy advice on a wide range of regulatory, administrative, organizational, legislative and other issues related to the duties and operations of the Federal Reserve Board, Federal Reserve System, and FOMC.  During his tenure at the Board, Scott drafted regulations, legislation, testimony and legal and policy memoranda for the Board of Governors and other senior officers of the Federal Reserve, managed the Legal Division, which is comprised of 95 attorneys and 25 staff, and served as a representative of the Federal Reserve on the Financial Stability Oversight Council.  Scott has testified more than a dozen times before Congress on various issues related to banking regulation and the Federal Reserve and before the Financial Crisis Inquiry Commission and the Congressional Oversight Panel regarding the financial crisis of 2007-2009.  He has also provided legal and technical assistance to Congress on various regulatory and legislative matters, including the Dodd-Frank Act, the Gramm-Leach Bliley Act, FDICIA, FIRREA, the Federal Reserve Act, the Bank Holding Company Act, and other banking laws.  Recently, Scott is an Adjunct Professor at the Boston University Law School and has been a guest lecturer at the Yale School of Management, Columbia University Law School, New York University Law School, and the UNC Law School.  He was also a contributor to a book on the Financial Crisis of 2007-2009 sponsored by the Brooking Institution and the Yale School of Management.  Scott received his JD from Georgetown University Law Center and an A.B. in Economics from Princeton University.

John Buchman Related Seminars and Products

Director and Regulatory Counsel

The Charles Schwab Corporation

John A. Buchman has been an attorney with Charles Schwab & Co., Inc., San Francisco, CA, since December 2015, most recently as Managing Director, Regulatory Counsel.  At Schwab, John is responsible for the Treasury Legal team, which monitors is responsible for advising Schwab’s Treasury group on all matters relating to capital stress testing, liquidity risk management, Volcker Rule compliance, securities markets transactions, and FDIC insurance assessments.  John also advises the Deposits & Payments groups that oversees the company’s Bank Sweep deposits initiatives and Comptroller’s group responsible for regulatory reporting.

John is currently a Lecturer in Law at the University of Southern California’s Gould School of Law where he teaches an online Financial Institutions Regulation class.  From 1991 to 2015, John was a member of the adjunct faculty at GW Law School in Washington, DC where he taught banking law and a financial regulatory reform seminar class, and he has also guest lectured at Berkeley Law School. From 2010 to 2015, John served as the first Chair of the Advisory Board of GW Law’s Center for Law, Economics and Finance.  Prior to joining Charles Schwab, from 2013-2015 John was Executive Counsel, Regulatory Affairs with GE Capital in Norwalk, CT, and prior to that was Vice President, General Counsel, and Corporate Secretary of E*TRADE Bank in Arlington, VA for over 12 years. John is a director and Chair of the Audit Committee of Congressional Bank in Bethesda, MD. He is also a member of the American Bar Association’s Banking Law and Consumer Financial Services Committees and the Exchequer Club. John received his law degree from Harvard Law School and a bachelor’s degree from the Georgetown University School of Foreign Service.

Hugh C. Conroy, Jr. Related Seminars and Products

Partner

Cleary Gottlieb Steen & Hamilton LLP

Hugh C. Conroy Jr. is a partner at Cleary Gottlieb Steen & Hamilton LLP in New York.  He is distinguished as one of the leading financial services regulation lawyers by Chambers USA, the IFLR 1000: The Guide to the World’s Leading Law Firms, and The Legal 500 U.S.  Mr. Conroy’s practice focuses on bank and bank holding company regulatory issues, as well as broader financial services developments, particularly in the digital assets and novel licensing space.  Mr. Conroy has presented on regulatory issues at conferences sponsored by the American Bankers Association, the American Bar Association, the Financial Markets Association, and the Securities Industry and Financial Markets Association, and has been a guest lecturer on regulatory matters at Columbia Law School and NYU Law School.  Mr. Conroy is a former Vice-Chair of the American Bar Association Banking Law Committee, and a former Vice-Chair and Chair of its subcommittee on Securities, Capital Markets and Derivatives. 

Mr. Conroy co-authors (with Derek M. Bush) a chapter entitled “U.S. Regulation of International Activities of U.S. Banking Organizations” (Regulation of Foreign Banks & Affiliates in the United States, Ninth Edition, 2016).  Mr. Conroy is also a co-author (with Robert L. Tortoriello and Derek M. Bush) of the Guide to Bank Underwriting, Dealing & Brokerage Activities (ThomsonReuters, 22nd ed., 2018).  From 2004 to 2011, Mr. Conroy served as associate general counsel and managing director in Citigroup’s Bank Regulatory Office.  From 1996 to 2004, he was an associate in Sullivan & Cromwell LLP’s Banking Group.  He received a J.D. degree from Columbia University School of Law in 1996 and an undergraduate degree, summa cum laude, from the College of William and Mary in 1992.  In 1992-93, Mr. Conroy was a Fulbright Scholar at Kanazawa University in Japan.

John M. Geiringer Related Seminars and Products

Partner and Regulatory Section Leader, Barack Ferrazzano Financial Institutions Group; Co-Director, Center for National Security and Human Rights Law, Chicago-Kent College of Law

Barack Ferrazzano LLP, Chicago

As the Regulatory Section Leader of the Financial Institutions Group at Barack Ferrazzano law firm, John advises a wide variety of financial institutions around the country about the full spectrum of legal, regulatory, and supervisory issues that they face. He is a frequent speaker and author in the financial institutions area on issues surrounding banking regulations, examinations, and enforcement actions, as well as on cybersecurity. John devotes significant time to anti-money laundering, counter-terrorist financing, and related national security issues. In this regard, he lectures and advises institutions around the country, engages with relevant organizations, and has published on the subject.

John also teaches banking law, national security law, and Holocaust and the law at Chicago-Kent College of Law, and is the founding Co-Director of its Center for National Security and Human Rights Law.  He is the editor of Countering the Financing of Terrorism: Law and Policy, and is the co-editor of an upcoming treatise on legal issues surrounding the Holocaust. 

Along with Rabbi Asher Lopatin, he is the co-host of a podcast called A Rabbi and a Lawyer Walk Into a Bar.

Sara A. Kelsey Related Seminars and Products

Solo Practitioner, former State and Federal Bank Regulator

Sara A. Kelsey Law, PLLC

Sara Kelsey has over 40 years of experience in the banking and finance industry, specializing in domestic bank regulatory law.  Sara established her solo practice in 2012.  Most recently, Sara has taught at New York University Law School and in the past at other NY-area law schools.  Sara began her career in the the Legal Division of the Federal Reserve Board of the Board of Governors of the Federal Reserve (1976-1987).  She has served as General Counsel of the FDIC (2007-8), Counsel for the New York State Banking Department (now the New York State Department of Financial Services) (1998-2007), Regulatory Counsel for what is now known as JP Morgan Chase (1987-1996); Skadden Arps (1996-1998); and Wilmer Hale (2008-12).  Sara received her JD from New York University School of Law and a BA in Sociology from the University of California, Berkeley.

Ted McAniff Related Seminars and Products

Ted McAniff has been involved in many of the significant aspects of banking law, particularly those involving the intersection of the banking and securities industries, and has regularly been recognized as one of the country’s leading banking lawyers. He has counseled banks and bank holding companies in connection with providing brokerage, mutual fund and advisory services. Ted has a particular interest in, and has lectured on, the Glass-Steagall Act and is now involved in the evolution of banking under the Gramm-Leach-Bliley Act. As well, he is active in professional groups participating in the current restructuring of U.S. Financial Institution Regulation. He also has an extensive background in corporate and securities law, in mergers and acquisitions, and in public finance transactions. During a sabbatical year, Ted taught Securities Regulation at Stanford Law School. He has supervised financings for numerous corporations, and for public bodies ranging from the California Veterans Affairs Department to the State of New York. Ted has acted as underwriter’s counsel for many of the major investment banking concerns.  He has acted in a similar capacity for leading commercial banks. In addition, he has participated as lead counsel in financings of all kinds, including venture capital startup offerings, major private placements, off-balance sheet commercial paper programs, major project financings, restructurings and, during his time with a solicitors firm in Australia, multinational natural resource project financings.

Jeremy Newell Related Seminars and Products

Partner

Covington & Burling LLP

Jeremy Newell represents a wide range of U.S. and foreign banks and other financial institutions on regulatory and public policy matters. He advises on all aspects of the regulatory framework for foreign and domestic financial institutions, including control of supervised banks, structuring of new products and investments, regulatory compliance matters, and mergers, acquisitions, and other strategic transactions. His practice also focuses on assisting financial institutions on compliance with international capital and liquidity standards and other strategic regulatory policy matters. Prior to joining Covington, Jeremy served as Executive Vice President, General Counsel & Chief Operating Officer at the Bank Policy Institute (BPI), and held similar roles at its predecessor organization, The Clearing House Association (TCH), where he oversaw regulatory affairs, strategy, and advocacy. He also previously served as counsel in the Legal Division and then regulatory policy advisor in the Banking Supervision & Regulation Division to the Board of Governors of the Federal Reserve System, where he developed and implemented financial regulatory policy with a focus on issues affecting large complex financial institutions, including implementation of significant aspects of the Dodd-Frank Act and Basel III, negotiation of international standards for large banks, and other prudential regulatory policy issues. He also advised clients in private practice and as in-house counsel to two prominent financial institutions, one based in the United States and one based in the European Union, and is a frequent speaker, writer, and teacher on U.S. bank regulation and international regulatory policy for financial institutions.

Camille L. Orme Related Seminars and Products

Partner

Sullivan & Cromwell, LLP

Camille Orme is a partner in the Firm’s Financial Services Group. Ms. Orme represents U.S. and non-U.S. financial institutions on a range of regulatory, corporate and transactional matters. Recent areas of focus include advising financial institutions on responding to the significant changes in the regulatory landscape following the financial crisis, including the Volcker Rule, the consequences of being designated systemically significant, the interplay of U.S. and non-U.S. regulatory changes, restructuring global businesses in light of shifting regulatory requirements and standards, the Federal Reserve’s enhanced prudential standards, and the OCC’s guidelines establishing heightened standards for large banking organizations.

Karol Sparks Related Seminars and Products

Partner

Barack Ferrazzano LLP, Chicago

KAROL K. SPARKS is Senior Counsel in the financial institutions practice group of Barack Ferrazzano Kirschbaum & Nagelberg LLP, Chicago, Illinois. Her practice concentration relates to general bank regulatory matters and mergers, acquisitions, and corporate activities of financial institutions, with special emphasis on non-traditional bank products and services, including insurance and broker-dealer activities, licensing, and acquisitions, and commercial and consumer deposit and payment products. Karol attended Sweet Briar College, holds a B.A. degree from Butler University and a J.D. degree (1979) from Indiana University School of Law. She is a member of the Illinois, New York, Indiana (inactive), and California (inactive) Bars.

An active member of the Banking Law Committee of the Business Section of the American Bar Association since 1984, Karol entered into its leadership and chaired the committee from August of 1998 until August of 2002. Following her term as chair of the committee, she was appointed to a four-year term on the Council of the Business Section of the ABA in 2004, where she served on the Finance Committee. Thereafter, she was appointed to the Publications Board of the Business Section.  She served as its vice chair in 2010-2011 and, for a two-year term that ended in August of 2014, she chaired the Publications Board.

Karol’s most recent, and most basic, book, Banking Law Essentials, was just published by the American Bar Association in 2022.  She is also the author of The Keys to Banking Law, A Hand Book for Lawyers (now in its Third Edition), published by the Business Law Section, and the legal treatise Insurance Activities of Banks (now in its second edition), published by Wolters Kluwer in 1998 and updated annually, as well as numerous articles on bank acquisitions and activities.  From 2009 until 2013, she was an Adjunct Professor at Wake Forest University School of Law, having previously taught at the University of Iowa College of Law as an Adjunct from 2001-2007.  From January of 2014 until she retired in April of 2018, she was a Lecturer in Law in the Graduate Program in Banking and Financial Law of the Boston University School of Law.  She is a member of the founding faculty of Banking Law Basics, an ABA-CLE course offered in June and October of each year from 1998-2011, and its successor course, Banking Law Fundamentals, which began in 2012.

Helen Lee Related Seminars and Products

Head of Legal – Americas, Ant Group

Ant Group

Ms. Lee joined Ant Group in December 2019 and is Head of Legal - Americas for Ant Group.  In her day-to-day responsibilities, Ms. Lee participates in legal analyses, contract negotiations, and execution of management strategies for Ant Group’s entities operating in the Americas, including Alipay US, Inc. a regulated money services business that is licensed in 52 US jurisdictions.  Ms. Lee has over a decade of legal experience in the financial services sector, and is qualified to practice law in New York and Washington, DC.  Prior to joining Ant Group, she was a member of the banking practice groups of two international law firms based in Washington, DC (Paul Hastings and White & Case), and was an Adjunct Professor of Banking Law at The George Washington University Law School.