The Chicago-Kent Fundamentals for Banking Law Conference has SOLD OUT. Please be on the lookout for the Fundamentals of Banking Law Conference at Boston University in June 2023.
Chicago-Kent College of Law is pleased to sponsor Fundamentals of Banking Law (formerly Banking Law Basics), an intensive 2-day program designed to familiarize participants with the basics of bank regulatory law, including the critical policies, concepts, and regulations that have shaped over 150 years of banking law from the passage of the 1863 National Bank Act to the present. This course reviews the fundamental themes of banking regulation and introduces what has changed since the financial crisis and the 2010 Dodd-Frank Act and Basel III capital rules.
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 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.
John Geiringer, the Regulatory Section Leader of the Barack Ferrazzano Financial Institutions Group, is a nationally recognized banking attorney who advises financial institutions on regulatory, governance, and investigative matters. He also serves as a founding co-director of the Center for National Security and Human Rights Law (and its Consortium for the Research and Study of Holocaust and the Law) at Chicago-Kent College of Law, where he teaches classes on banking, national security, and the Holocaust. Among his other publications, John is the editor of, and contributor to, Countering the Financing of Terrorism: Law and Policy, recently published by the American Bar Association, and is the co-editor of an upcoming treatise on legal issues surrounding the Holocaust.
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.
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.
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.
Overview of Bank Regulatory Structure and Law is a synopsis of the history and development of banking law from the founding of our country to the present with an emphasis on explaining why our law is so complex.
This session will cover the decision-making process for creating a bank, and will explore activities that are permissible for banks as well as those that are not. In addition, this session will analyze advantages and disadvantages of different bank charters, including national bank pre-emption benefits.
This class will explore the advantages and disadvantages of becoming a bank holding company, the types of investments in banks that cause an investing company to become (or to avoid becoming) subject to the Bank Holding Company Act, and the types of depository institutions that a company may acquire without becoming subject to the Bank Holding Company Act.
Understanding a Bank through its Financial Statements presents a means of understanding banks by analyzing a bank balance sheet and income statement. It also addresses concepts of capital and the basic capital ratios banks must meet.
This session will highlight elements of the balance sheet that may qualify as capital for a bank holding company or a bank, and will analyze how much capital is required of these organizations depending upon their activities. This session will also cover how the US regulatory agencies have introduced liquidity requirements and how assets or transactions may be a store of, or a drain on, liquidity.
This class will focus on the approvals required and the standards applied by the Federal Banking Agencies in reviewing proposals by banking organizations to acquire another banking organization and will include practical insights on how to navigate the Agency approval process.
This session explores the various types of regulatory bank examinations, as well as enforcement actions that regulators can take against banks and individuals associated with them.
Anatomy of a Bank Failure from a Troubled Bank through Receivership
Helen will provide an overview about the licensing and regulatory compliance framework for non-bank fintech companies offering financial services in the United States.
This session explores the anti-money laundering and counter-terrorist financing regime with which banks must comply.
This session explores the unique ethical and legal issues facing lawyers who represent banks and other financial institutions, and how they might be different from general rules of professional responsibility. In particular, we will focus on the ethical challenges involved with representing a regulated entity that has ongoing relationships with its regulators. We also will discuss how the attorney-client privilege operates when dealing with regulated entities, and will describe issues raised when providing both legal and business advice.
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