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The Dodd-Frank Act Post Covid-19 and the Future of Financial Regulation

Sponsored by the Financial Services & E-Commerce Practice Group

May 11, 2021

Join us for a superb conference moderated by Mr. Andrew Olmem, Mayer Brown and former Republican Chief Counsel at the Senate Banking Committee and former Deputy Director of the National Economic Council and featuring a top tier speaker lineup. 

Confirmed Participants To Date:

  • Jonah Crane, Partner, Klaros Group
  • Kevin R. Edgar, Counsel, BakerHostetler
  • Dr. Tyler Beck Goodspeed, Kleinheinz Fellow, The Hoover Institution at Stanford University
  • Randall D. Guynn, Partner, Davis Polk & Wardwell LLP
  • Aaron Klein, Fellow in Economic Studies and Policy Director, Center on Regulation and Markets, Brookings Institution
  • Hon. Kathy Kraninger, Former Director, Consumer Financial Protection Bureau
  • Hon. Jelena McWilliams, Chairman, Federal Deposit Insurance Corporation
  • Hon. Mike Piwowar, Executive Director, Milken Institute Center for Financial Markets, Fomer Commissioner, U.S. Securites and Exchange Commission
  • Moderator: Andrew Olmem, Partner, Mayer Brown

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Following the second panel, please join us for an hour of virtual networking on Airmeet - a new platform designed to give participants the chance to connect with speakers and participants at virtual tables.

To attend the networking hour, please register at the link above. 

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11:00 a.m. - 11:50 a.m.
Keynote Speaker: Jelena McWilliams

Chairman, Federal Deposit Insurance Corporation

Topics: Financial Services
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Description

Jelena McWilliams was sworn in as the 21st Chairman of the FDIC on June 5, 2018. She serves a six-year term on the FDIC Board of Directors, and is designated as Chairman for a term of five years.

Ms. McWilliams was Executive Vice President, Chief Legal Officer, and Corporate Secretary for Fifth Third Bank in Cincinnati, Ohio. At Fifth Third Bank she served as a member of the executive management team and numerous bank committees including: Management Compliance, Enterprise Risk, Risk and Compliance, Operational Risk, Enterprise Marketing, and Regulatory Change.

Prior to joining Fifth Third Bank, Ms. McWilliams worked in the U.S. Senate for six years, most recently as Chief Counsel and Deputy Staff Director with the Senate Committee on Banking, Housing and Urban Affairs, and previously as Assistant Chief Counsel with the Senate Small Business and Entrepreneurship Committee.

From 2007 to 2010, Ms. McWilliams served as an attorney at the Federal Reserve Board of Governors, where she drafted consumer protection regulations, reviewed and analyzed comment letters on regulatory proposals, and responded to consumer complaints.

Before entering public service, she practiced corporate and securities law at Morrison & Foerster LLP in Palo Alto, California, and Hogan & Hartson LLP (now Hogan Lovells LLP) in Washington, D.C. In legal practice, Ms. McWilliams advised management and boards of directors on corporate governance, compliance, and reporting requirements under the Securities Act of 1933 and the Securities Exchange Act of 1934. She also represented publicly- and privately-held companies in mergers and acquisitions, securities offerings, strategic business ventures, venture capital investments, and general corporate matters.

Ms. McWilliams graduated with highest honors from the University of California at Berkeley with a B.S. in political science, and earned her law degree from U.C. Berkeley School of Law.

Featuring: 

  • Hon. Jelena McWilliams, Chairman, Federal Deposit Insurance Corporation
  • Moderator: Andrew Olmem, Partner, Mayer Brown

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As always, the Federalist Society takes no position on particular legal or public policy issues; all expressions of opinion are those of the speaker.

Speakers

12:10 p.m. - 1:05 p.m.
Panel 1: Did Dodd-Frank Live Up to Its Promise?

Sponsored by the Financial Services & E-Commerce Practice Group

Topics: Financial Services
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Description

Ten years after its passage, the Dodd-Frank Act remains the subject of much debate.  The COVID-19 financial shock of March-April 2020 provides the first opportunity to move beyond the theoretical debate and actually examine the data to assess how the legislation performed in a crisis. 

This panel will discuss the impact of Dodd-Frank on financial regulation and whether Dodd-Frank enhanced the stability and operation of the U.S. financial system in the lead up to and during the COVID-19 financial shock.  It will discuss what Dodd-Frank got right and where it fell short of its goals.  The panelists include former congressional staff who played key roles in Congress’ consideration of the legislation.

Featuring: 

  • Jonah Crane, Partner, Klaros Group
  • Kevin R. Edgar, Counsel, BakerHostetler
  • Michael Piowar, Executive Director, Milken Institute Center for Financial Markets
  • Moderator: Andrew Olmem, Partner, Mayer Brown

* * * * * 

As always, the Federalist Society takes no position on particular legal or public policy issues; all expressions of opinion are those of the speaker.

Speakers

1:20 p.m. - 2:20 p.m.
Panel 2: What Should be the Future of Financial Regulation?

Sponsored by the Financial Services & E-Commerce Practice Group

Topics: Financial Services
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Description

From the 1970’s to the passage of the Gramm-Leach-Bliley Act in 1998, financial regulation in the U.S. moved from enforcing a highly decentralized banking system through significant activity and branching restrictions, to facilitating the growth of national and global banking institutions that offer a broad range of lending, underwriting, and insurance services.  However, this trend came to an end following the 2009 financial crisis when the Dodd-Frank Act imposed new activity and other prudential restrictions on banks.

This panel will discuss what should be the direction of U.S. financial regulation going forward.  Specifically, how should U.S. financial regulation be reformed to ensure that the U.S. has the world’s leading financial system?  The panel will discuss the appropriate role of prudential regulation, how regulation should accommodate innovation, the best means for carrying out consumer protection, how to foster competition and inclusion, and the proper governance for regulatory agencies.  

Featuring: 

  • Dr. Tyler Beck Goodspeed, Kleinheinz Fellow, The Hoover Institution at Stanford University
  • Randall D. Guynn, Partner, Davis, Polk & Wardwell LLP
  • Aaron Klein, Fellow in Economic Studies and Policy Director, Center on Regulation and Markets, Brookings Institution
  • Hon. Kathy Kraninger, Former Director, Consumer Financial Protection Bureau
  • Moderator: Andrew Olmem, Partner, Mayer Brown

* * * * * 

As always, the Federalist Society takes no position on particular legal or public policy issues; all expressions of opinion are those of the speaker.

Speakers

2:20 p.m. - 3:30 p.m.
Virtual Networking
Lounge
Airmeet

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Description

Following the second panel, please join us for an hour of virtual networking on Airmeet - a new platform designed to give participants the chance to connect with speakers and participants at virtual tables.

To attend the networking hour, please register at the link above. 

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