Center for Banking & Finance Newsletter

Center for Banking & Finance Newsletter:
Tuesday, October 2, 2018

Message from the Director

Lissa L. Broome
Lissa L. Broome

We had another great year at the Center.  Here is a brief recap of last year as well as a list of upcoming events. Many thanks to the members of our Board of Advisors who are integral to fulfilling the Center’s mission, which is to play a leadership role in the continual evolution of the financial services industry by studying the legal and policy issues related to banking and finance, advancing the teaching of banking and finance (including the professional development of law students interested in careers in banking and finance), and sponsoring conferences for banking industry professionals.

On September 21, 2018 we hosted "The September 2008 Financial Crisis: A Legal Retrospective" at the offices of Arnold & Porter in Washington, D.C.  Over 100, including 22 UNC School of Law students attended this event.  Check our website in the coming weeks to find the link to the program's video.  You won't want to miss the reflections of Senator Chris Dodd, Sheila Bair, and Rodgin Cohen, or the panel discussions.

Speakers included:
  • Richard M. Alexander, Arnold & Porter
  • Scott G. Alvarez, Boston University Law School and New York University Law School
  • Sheila C. Bair
  • Thomas C. Baxter, Jr., Sullivan & Cromwell LLP
  • John E. Bowman, Dinsmore & Shohl LLP
  • Lissa L. Broome, University of North Carolina School of Law
  • H. Rodgin Cohen, Sullivan & Cromwell LLP 
  • Robert L D Colby, FINRA
  • Christopher J. Dodd, Arnold & Porter
  • David F. Freeman, Jr., Arnold & Porter
  • Randall D. Guynn, Davis Polk & Wardwell LLP
  • Edward D. Herlihy, Wachtell, Lipton, Rosen & Katz
  • Eugene M. Katz
  • Michael H. Krimminger, Cleary Gottlieb Steen & Hamilton LLP
  • Larry Lavender, Lavender Consultants Limited
  • Gary G. Lynch, Davis Polk & Wardwell LLP
  • Lee Meyerson, Simpson Thacher & Bartlett LLP
  • David Nason, GE Energy Financial Services
  • Didem Nisanci, Promontory Financial Group LLC
  • Robert G. Pickel, Rutter Associates LLC
  • Alfred M. Pollard, Federal Housing Finance Agency
  • Patricia A. Robinson, Wachtell, Lipton, Rosen & Katz
  • James Segel, Boston Asset Management Association
  • Eric J. Spitler, FINRA
  • Julie L. Williams, Promontory Financial Group
  • Edward L. Yingling, Covington & Burling

Sheila Bair & Chris Dodd
Sheila Bair & Chris Dodd

Regulatory Solutions Panel
Regulatory Solutions Panel

Upcoming Events

Emerging Issues Forum for Bank Directors: Banking in the 21st Century: Focus on Fintech (with the NC Office of the Commissioner of Banks)
Renaissance Asheville Hotel
Asheville, NC 
October 10-11, 2018

The Dan K. Moore Program in Ethics
UNC Center for School Leadership Development
Chapel Hill, NC
November 2, 2018

Festival of Legal Learning: Consumer Law and Consumer Credit Symposium
The William & Ida Friday Continuing Education Center
Chapel Hill, NC
February 8-9, 2019

ABCs of Banking Law 
Moore & Van Allen PLLC 
Charlotte, NC 
March 20, 2019

The Banking Institute 
The Ritz Carlton 
Charlotte, NC 
March 21-22, 2019

Broadening Corporate Diversity: Earning a Board Seat
The Rizzo Conference Center
Chapel Hill, NC
May 23, 2019

North Carolina Bank Directors' College (with the NC Office of the Commissioner of Banks)
August 15-16, September 19-20, 2019
Chapel Hill, NC

Financial Services Compliance Boot Camp
Charlotte, NC
June TBD, 2020

Student Support

North Carolina Banking Institute Journal Orientation and Career Lunch, August 2017

As part of the Banking Journal's professional networking efforts, students were joined by four attorneys at our career luncheon held in conjunction with the Banking Journal's 2017-18 Orientation. The four attorneys (all Journal alums) graciously spent time with the students, described their day-to-day work, provided candid advice on the students’ resumes, and offered job hunting suggestions.

  • Andrew Atkins, Smith Anderson
  • Camden Betz, K&L Gates
  • Nancy Coppola, First Citizen’s Bank
  • Jack Magee, Wyrick Robbins

2017 Career Trek

On the first day of Fall Break students participated in a Skype call with attorney from the FHLBank Atlanta and then drove to Raleigh to meet at the offices of Poyner Spruill with attorneys from the firm and in-house attorneys invited to address the students. Thanks to Brian Corbett and Reggie O'Shields for their assistance with this program designed to help students build their professional network and receive advice regarding job search strategies and how to hit the ground running in their first job. 

FHLBank Atlanta (via Skype) participants included: 

  • Andy Locker
  • Barbara Dorsey Miller

Poyner Spruill participants:

  • Kevin Ceglowski
  • Brian Corbett
  • Paul M. Fogleman
  • Nina M. Long
  • Kelsey N. H. Mayo
  • E. Bardin Simmons Jr.
  • Martha Svoboda
Also joining in Raleigh:
  • Katherine Boskin, NCCOB
  • Michael Choy, First Citizens Bank
  • Erika Heyder-Seeley, Parker & Lynch
  • Lori Mahmoud, BB&T
  • Lisa McDougald, BB&T
  • Carrie McMillan, First Citizens Bank
  • Elizabeth Ostendorf, First Citizens Bank
Career Trek 2017

Careers in Compliance Panel

On November 2, 2017, the Center and the Career Development Office co-hosted a lunch time panel discussion on careers in compliance.  Sharyn Handlesman from USB, Heather Jewell from LPL Financial, and Alex Russell (by Skype) then at Protiviti participated in a well-attended lunchtime discussion of careers in compliance for attorneys.

Careers in Compliance
2017 Careers in Compliance

North Carolina Banking Institute Journal Scholarships

Rebecca Floyd
Rebecca D. Floyd

Luke G. Thomas

Rebecca D. Floyd
, Editor in Chief of Volume 23, and Luke G. Thomas, Institute Editor of Volume 23 will each receive a scholarship of approximately $7,350 funded by our Banking Institute sponsors. The 2017-18 scholarship recipients were Graham T. Dean, Institute Editor of Volume 22, and Roy G. Dixon, Editor-in-Chief of Volume 22.

3L Scholarships

Each of the remaining rising 3L editors on the NC Banking Institute journal was awarded a $3,000 scholarship for the 2018-19 academic year by the sponsors of the annual Banking Institute program. Congratulations to: Jacqueline Chang, Katherine Clarke, C.J. Click, P.J. Cline, Sabrina Galli, Patrick Morris, Joshua Roquemore, Stephen Spivey, and Joanne Wu.

2018 BI Scholarship winners
2018-18 Banking Institute Scholarship group

Study Abroad Scholarship

Jared McDaniel (Class of 2020) received the 2018 Summer Study Abroad Scholarship in the amount of $5,000 to study at UNC Law’s exchange partner, the University of Augsburg in Augsburg, Germany. The six-week curriculum on international economic law included courses on EU and German law, international business transactions, and international arbitration.  "The University of Augsburg summer exchange program will be an experience I never forget. I made friends from all over the world, took interesting classes on both international and US law, and was able to travel Europe on the weekends. Without the scholarship from the Banking Institute the best experience of my 1L year would not have been possible. I am forever grateful to the Banking Institute and UNC Law for making this exchange program possible.”  Joshua Stroud (class of 2019) received the 2017 Summer Study Abroad Scholarship to study in Augsburg.

Jared McDaniel

SEC Summer Internships

Rising 3Ls Cristiana Nanu and Laura Gritz spent the summer as interns at the Securities and Exchange Commission.  They each received a $3,000 Public Interest Summer Grant funded by the Center.  This is the first time (and will not be the last) that the Center funded summer public interest grants.  "It has been an incredible experience working for an agency that is so dedicated to protecting and serving the public, investors, and our capital markets," said Laura.

SEC Summer Interns
SEC Summer Interns

Center Movie and Pizza Night

The Center for Banking and Finance hosted its annual screenings of Too Big to Fail, the 2012 movie based on Andrew Ross Sorkin’s bestselling book of the same name and The Big Short, Adam McKay’s 2015 film based on Michael Lewis’ best-seller, The Big Short: Inside the Doomsday Machine, which centers on the credit and housing bubble of the 2000s. Students were invited to view the movies and eat pizza provided by the Center.

The Big Short Too Big to Fail

Closing the Wealth Gap and the Role of Black Banks

On February 27, 2018, at the UNC School of Law - Professor Mehrsa Baradaran of Georgia Law and Dr. William "Sandy" Darity of Duke discussed the history of banking and the wealth gap; talking points included the segregated economy and the ill-effects of deregulation in the 1970s that continue today,  Law students Kenneth Black and Monica Burks organized this event.   The Center was one of the program’s many sponsors.

2017-18 Highlights

Emerging Issues Forum for Bank Directors: Cybersecurity and Blockchain Technology, September 28-29, 2017, Asheville, NC

This program is sponsored by the Center in conjunction with the North Carolina Office of the Commissioner of Banks. The audience of 71 attendees included state bank directors from North Carolina and Tennessee.  

The speakers were:

  • Jay Ayers, Federal Deposit Insurance Corporation
  • Lawrence Baxter, Duke Law School
  • Thomas Bentz, Holland & Knight LLP
  • Lou Bissette, Carolina Alliance Bank
  • Perianne Boring, Chamber of Digital Commerce
  • Brian Cyprian, Federal Bureau of Investigation
  • Ray Grace, Office of the Commissioner of Banks
  • John Ryan, Conference of State Bank Supervisors
  • William Voorhees, BB&T
Raymond James Financial Institutions Investment Group sponsored Thursday's reception.

2017 EI Forum
2017 Emerging Issues Forum

The Dan K. Moore Program in Ethics, November 10, 2017, Charlotte, NC

For the first time, the Dan K. Moore program was held in Charlotte.  The Mecklenberg County Bar graciously provided space for the program.  The 2017 program provided 4 hours of continuing legal education credit, including credit in Ethics and Professional Responsibility, and a networking lunch.

The topics included:

  • Conflicts of interest, including prior work conflicts
  • Ethical issues in litigation financing
  • Negotiation ethics
  • Mindfulness and stress reduction

The panelists were:

  • Jennifer E. Bennett, Bank of America Corp.
  • Alison R. Bost, Womble Bond Dickinson LLP
  • Martin H. Brinkley, UNC School of Law
  • Peter C. Buck, Robinson Bradshaw & Hinson
  • William A. Frey, UNC-Chapel Hill
  • James P. McLoughlin, Jr., Moore & Van Allen
  • Lara Simmons Nichols, Duke Energy
Professors Tom Hazen and Lissa Broome directed and moderated the program.

From the program evaluations:

“I enjoyed the ease of interchange between the panel members and the attendees.”

“I signed up because I needed the Ethics hours, and I expected the program to be only somewhat above dreadful. I brought my Charlotte Observer for boredom relief. The program was excellent. The speakers were well prepared, showed interest and animation in presenting the subjects and riffed off each other, rather than a single speaker droning on for an hour at a time. Well done!”

2017 Dan K Moore Program in Ethics

The Consumer Law and Consumer Credit Symposium at the Festival of Legal Learning, February 9-10, 2018, Chapel Hill, NC

The Festival of Legal Learning is the law school's premier CLE event with courses on a variety of issues. The Center assisted in the organization of some segments of the Festival related to the representation of consumers, with a focus on issues related to consumer credit law.  Professor Kate Elengold helped plan the Symposium.

Participants were able to select from these courses specifically geared to consumer law or consumer credit:

  • Beyond Credit Scores: The Promise and Risk of Alternative Data, Elizabeth A. DeVos, Nelson Mullins Riley & Scarborough, and Dowse B. Rustin IV, Nelson Mullins Riley & Scarborough
  • Emerging Issues in Student Loan Law and Policy: An Overview, Kate Sablosky Elengold, Clinical Associate Professor, UNC School of Law
  • Debt Collection: Recent Developments in the Federal Case Law, Bradley S. Lipton
  • North Carolina Identity Theft Act and Scams and Frauds, Hugh A. Harris, Outreach & Policy Counsel, Public Protection Section, North Carolina Department of Justice
  • Recent Trends in UDAAP Supervision and Enforcement, Anjali Garg, Mayer Brown
  • The State of Disparate Impact Litigation in Fair Lending, Stephen V. Carey, Counsel, Parker Poe Adams & Bernstein
  • Boom or Bust - Recent Issues in Car Lending, Christopher G. Kukla, North Carolina State Director, State Innovation Exchange (SiX) and Adjunct Professor, UNC School of Law
  • Car Dealer Add-ons Add Up, John Van Alst, National Consumer Law Center
  • Low-Income Homeowners from Foreclosure, Maria D. McIntyre, Financial Protection Law Center, and Anne J. Randall, Consumer Protection Legal Aid North Carolina
  • Fair Lending and LEP Issues in Consumer Finance, Tori K. Shinohara, Mayer Brown

The ABCs of Banking Law, March 21, 2018, Charlotte, NC

2018 ABCs of Banking Law

Alston & Bird hosted this year's program which had twenty-seven participants. This continuing legal education program focuses on the basics of banking law and provides an introduction to the banking law regulatory structure for lawyers.

The panelists were:
  • Lissa L. Broome, UNC School of Law
  • Scott A. Cammarn, Cadwalader, Wickerahm & Taft LLP
  • Carol Hitselberger, Mayer Brown
  • Karol K. Sparks, Barack Ferrazzano Kirschbaum & Nagelberg LLP
  • Clifford S. Stanford, Alston & Bird LLP
  • John Stoker, Wells Fargo & Company
From the program evaluations:

“The course was well balanced, and all of the sessions fit together nicely.  All of the speakers were fantastic as well. Great program!”

 “I enjoyed listening to all of the speakers and found each person effective. The enthusiasm, experience and obvious love for this practice area made each of the speakers interesting.” 

Twenty-second Annual North Carolina Banking Institute, March 21-22, 2018, Charlotte, NC

Main Class
2018 Banking Institute

The North Carolina Banking Institute continuing legal education program and the North Carolina Banking Institute Journal celebrated their twenty-second year in 2018. The Banking Institute featured special presentations by: John G. Finneran, Chief Risk Officer and Corporate Secretary, Capital One Financial Corporation and Grovetta Gardineer, Senior Deputy Comptroller for Compliance and Community Affairs at the Office of the Comptroller of the Currency (delivering the Donald C. Clifford Lecture on Consumer Law).  The seventh annual George and Susan Beischer address was given by H. Rodgin Cohen, Sullivan & Cromwell LLP.

There were panel discussions on:
  • M&A Structural Issues Related to Charters and Holding Companies - Trends, Challenges and Opportunities
  • The Impact of Fintechs on Traditional Banking: Fintech Revolution or Bank Evolution?
  • LIBOR and the Potential Replacement Reference Rates: Where Do We Go from Here?
  • Doing Good and Doing It Well: Opportunities for Regional and Community Banks to Facilitate Affordable Housing and Community Development
  • Sound and Fury - Recent Developments Within the CFPB
  • Prospects for Bank Regulatory Reform in 2018

John Finneran

Grovetta Gardineer

Rodgin Cohen

This year's program had a total registration of 233.  Forty-six attendees were affiliated with a bank.  Eighty-eight participants were from outside North Carolina, with twenty states and countries represented.  There were a record number of program sponsors - fifty-one.  Johnson Pratt PLLC sponsored the reception on Thursday evening and Kane Russell Coleman & Logan PC hosted a reception on Wednesday night.

Financial Services Compliance Boot Camp, June 11-12, 2018, Charlotte, NC

UNC-Charlotte Center City was the site of the Center's second Compliance Boot Camp. There were 95 attendees joining 65 industry professionals from Charlotte, New York City, Boston, and San Francisco, among other areas. A Planning Team of industry professionals helped structure the program and organized the panels.  McGuireWoods LLP sponsored a reception at the conclusion of the first day.  

The planning team:

  • Suzy Auletta, LPL Financial
  • Lissa Broome, UNC Law
  • Tracy Calder, JP Morgan
  • Tricia Centeno, Wells Fargo
  • Mary Beth Findlay, Credit Suisse
  • Charlie George, Wells Fargo
  • Emily Gordy, McGuireWoods LLP
  • Sharyn Handelsman, UBS
  • Kurt Lofgren, LPL Financial 
  • Melissa Pavese, LPL Financial
  • John Riordan, BB&T 
  • Edward Rosenblatt, AXA
  • Matt Rossi, BB&T
  • Brian Soja, Moore & Van Allen
  • Marie Terezakis, Bank of America
  • Grace B Vogel, PWC 
  • Tracy L Whille, KPMG
From the evaluations:

“Impressive panelists and relevant topics”

“The folks who were participating on panels work in the trenches and have great experience, insight and detail on their roles and how they fit into the bigger compliance picture.”

“I liked that it simultaneously provided pertinent information, networking opportunities, and CLE credit.”

CBC Reception
Luncheon speaker Susan Schroeder, EVP and Head of Enforcement, FINRA

Practitioners in Residence

This program brings attorneys and industry professionals to the School of Law to participate in classes, present guest lectures, and interact with students over lunch.

  • Scott Cammarn, Cadwalader, Wickersham & Taft LLP, “The Volcker Rule,” October 9, 2017.
  • Brad Lipton, CFPB, “Banks and the CFPB,” October 16, 2017.
  • Gene Katz, Wells Fargo & Company (retired), “Supervision and Enforcement by Bank Regulators,” October 18, 2017.
  • Eric Spitler, FINRA, formerly at the FDIC, “FDIC Insurance and Reflections on the Financial Crisis,” October 26, 2017.
  • Holland West, Topsail Insights LLC, “Introduction to Derivatives,” November 15, 2017

Board of Advisors news

Joining us this year:

Rebecca Floyd, Editor-in-Chief, Volume 23

Larry Kaplan, Paul Hastings LLP

Kathy McKinney, Haynsworth Sinkler Boyd

Anita Minicucci, Credit Suisse

Gordon Russell
Gordon Russell, Kane Russell Coleman & Logan

Luke Thomas
Luke Thomas, Institute Editor, Volume 23

Danielle Williams, Winston & Strawn

Not pictured:
Alex Russell, Deutsche Bank
John Stoker, Wells Fargo

North Carolina Banking Institute Journal

Volume 22 of the North Carolina Banking Institute journal was published in March 2018.

The journal may be accessed at

Vol 23

Director Diversity Initiative

Broadening Corporate Board Diversity: Earning a Board Seat

On May 23, 2018, the thirteenth annual one-day training program for aspiring diverse directors was held at the Rizzo Center in Chapel Hill. Lissa Broome moderated and the panelists (with their board affiliations) were:

  • Karen Fenaroli, Fenaroli & Associates
  • Lloyd Johnson, boards of Apogee Enterprises, Inc., AARP, and AARP Foundation
  • Suzanne Rudy, boards of Akoustis Technologies, Inc., First National Bank United Corporation (formerly), and Delta Apparel, Inc. (formerly)
  • Paula Brown Stafford, boards of Novan, Inc., and Health Decisions
  • Edwina Woodbury, boards of Nu Skin Enterprises Inc., RadioShack Corporation (formerly), R.H. Donnelly Corporation (formerly), and Click Commerce, Inc. (formerly)
The panelists discussed topics such as skills needed for board members and how to develop them, realistic approaches to advancing board candidacy, diverse directors in non-diverse settings, networking, and evaluating companies and opportunities.

From participant evaluations:

“Thank you again for such an inspirational and educational program helping women such as myself who are interested in getting on boards.”

“The event was brilliant and expanded my knowledge and potential so much.”

2018 DDI
2018 DDI Earning a Board Seat

DDI Database

Potential diverse directors may register on the DDI's director database so that registrants’ names may be provided to nominating committees of corporate boards, government commissions, and non-profits when requested ( Companies looking for diverse candidates should contact Lissa Broome to conduct a database search according to their desired criteria.  Requests for referrals from the database have increased.  In the 2017-18 fiscal year, twelve searches were performed.

DDI Successes

DDI success stories are featured on the DDI website. The individuals profiled attended programs sponsored by the DDI or were part of searches conducted by the DDI and were later appointed or elected to board seats of corporations, nonprofits, or government commissions.

One of the DDI's successes was Emma Singletary Battle. In 2018 she joined the Board of Directors of Southeastern Wind Coalition.


Emma Battle was referred through a search of the Diverse Director Database performed by the DDI. Emma is President and CEO of Market Vigor, a business services and consulting company. She also serves as President and CEO of Higher Education Works, a non-profit organization with a mission to increase grassroots knowledge of, support for, and participation in North Carolina’s public higher education systems.  Emma has served as President and Chief Operating Officer at Crisp Digital Agency, Vice President of Client Success at Windsor Circle, Vice President of Marketing and Merchandising at, and, Vice President of Marketing, Vice President of Strategic Planning, Director of Marketing and Director of Operations & Sourcing, at HanesBrands, Inc.

Another recent DDI success is Mary-Ann Baldwin.  In 2018 she joined the advisory board of Suntrust Banks Inc.

Mary Ann Baldwin
Ms. Baldwin attended the “Broadening Corporate Board Diversity” workshop sponsored by the UNC School of Law Director Diversity Initiative in 2018.

Ms. Baldwin is the Vice President of Marketing and Business Development for Holt Brothers Construction and Executive Director of the Holt Brothers Foundation. Previously, she was the owner of Baldwin Communications, a marketing consultancy; Director of Marketing, Stewart, Inc.; and Assistant Branch Manager for Mulkey Engineers & Consultants.  Her prior experience also includes other positions in communications, marketing, and public relations.  Ms. Baldwin is a member of the Board of Trustees for William Peace University, a co-founder of Innovate Raleigh, and a former member of the Board of Trustees for Go Triangle.

Thank You!

Thanks for your interest in the activities of the Center for Banking and Finance. We hope you will participate in some of our programs over the course of the year. Thanks also to our many donors and sponsors who have made our activities possible.

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