NOTICE: No CLE credit will be provided for viewing recorded programs.
9/8/2023 | 12:00 PM to 1:30 PM
Location: Chicago Ballroom X, Ballroom - Level 4
In 2023, following nearly a decade of “easy money” with interest rates hovering near zero percent, the banking sector experienced significant dislocations emanating from a sharp rise in interest rates. This presentation will examine whether regulators missed the mark, the state of the banking sector and regulatory frameworks more broadly, and the path forward for policymakers.
Chairs:
David L. Portilla, Partner, Davis Polk & Wardwell LLP, New York, NY
Jarryd Anderson, Partner, O'Melveny & Myers LLP, Washington, DC
Program Materials Coordinator:
Jeremy Lee, Associate, Davis Polk & Wardwell LLP, New York, NY
Moderator
David L. Portilla
Partner
Davis Polk & Wardwell LLP
New York, NY
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David is a partner in Davis Polk's Financial Institutions Group. He advises non-U.S. and U.S. banking organizations and nonbank financial institutions on a range of M&A, regulation, policy, enforcement and governance matters – including the full gamut of the prudential regulatory framework. He has a notable reputation in enhanced prudential standards for large banks, the Volcker Rule, the prudential regulation of nonbank firms, and innovation-related and crypto asset issues. He is well known for thought leadership and spearheading advocacy efforts for clients.
Panelists
Jarryd Anderson
Partner
O'Melveny & Myers LLP
Washington, DC
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Jarryd Anderson is a partner in O’Melveny’s Financial Services Group. He advises banking organizations, fintechs, and other non-bank financial institutions on transactional, regulatory, governance, and enforcement matters. In the wake of the failures of Silicon Valley Bank and two other banks this spring, Jarryd leveraged his years of government experience and work on resolution planning at the Federal Reserve to help banks, depositors, investors, and counterparties navigate emerging issues.
Jarryd holds an M.B.A. from Columbia Business School; an LL.M., with distinction, from Georgetown University Law Center; a J.D. from Rutgers School of Law; and a B.A. from La Salle University.
Tim Cox
U.S. General Counsel
BMO Financial Group
Chicago, IL
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Tim is responsible for the overall leadership and performance of the Legal and Regulatory Compliance function in the U.S. Tim leads the legal teams supporting BMO's U.S. P&C businesses and Enterprise Regulatory Office as well as oversees interactions with regulators.
Tim has held numerous roles in the bank, including U.S. Chief Regulatory Officer and US Chief Security Officer. He joined BMO Harris Bank in 2010 as Senior Counsel, US Regulatory Liaison. Prior to joining the bank, Tim was an attorney at Vedder Price P.C. Before law school, Tim spent seven years in finance roles of increasing responsibility in large organizations.
Charles Gray
Deputy General Counsel
Federal Reserve Board
Washington, DC
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Charles Gray is Deputy General Counsel of the Federal Reserve Board, where he leads the Financial Regulation and Policy Group. Mr. Gray worked in a variety of legal and policy roles at the Federal Reserve Bank of New York from 2006-2016. While at the Fed in 2010, he was detailed to the United States Department of the Treasury, where he served as a policy advisor with respect to the legislative development of the Dodd-Frank Act. He is a recipient of the Treasury Department’s Distinguished Service Award. Mr. Gray is a graduate of Harvard College (1997) and Harvard Law School (2001).
Jessica Jarvi
Chief Legal Officer
Western Alliance Bank
Phoenix, AZ
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Jessica Jarvi is Chief Legal Officer of Western Alliance Bank and Western Alliance Bancorporation.
Ms. Jarvi heads Western Alliance’s legal department, leads the Company’s executive committee on diversity and inclusion, and oversees the ESG Program. Ms. Jarvi joined the Company as Corporate Counsel in 2007, assuming increasing levels of responsibility, including Deputy General Counsel and General Counsel, prior to becoming Chief Legal Officer. She joined the Company’s Senior Operating Committee in 2018 and sits on the Executive Leadership Team.
Sponsor
Eversheds Sutherland
Event Sponsor
Showcase CLE Program: Deconstructing the Banking Crisis: Lessons Learned and Path Forward
Type of Session
CLE Program
Description
Session will open 5 mins before the start time. Please refresh your page if you don't see the blue Join Meeting button above.
CLE Program Level: Beginner
Presented By: The Business Law Section
Co-sponsoring Committee(s): Banking Law, International Business Law, International Coordinating