From the 2008 financial crisis, through the Dodd-Frank Act, and into today's maze of regulatory changes, the U.S. banking laws have been wildly in flux. This has created unprecedented challenges for those responsible for a host of issues ranging from basic banking operations to payment and compensation structures. Our panel will single out the greatest risks and best precautionary measures.
Educational Objectives:
• Update on the critical 2011 developments relating to the Dodd-Frank Act. • Operational, structural, and transactional risks arising under changed banking laws and heightened regulation. • Living Wills -- domestic and international challenges; scope and coverage; protecting sensitive information; gauging counter-party risks and impact. • Impact of the new Consumer Financial Protection Bureau on litigation risk. • Incentive Compensation -- from heightened safety and soundness standards to improved designs, to protecting directors from new personal liability risks.
Kevin L. Petrasic, Paul Hastings Janofsky and Walker LLP; Erica Berg Brennan, Paul Hastings Janofsky and Walker LLP; Helen Y. Lee, Paul Hastings Janofsky and Walker LLP; Mark Poerio, Paul Hastings Janofsky and Walker LLP