Center for Banking & Finance Newsletter:
Thursday, August 24, 2017
Message from the Director
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.
Emerging Issues Forum for Bank Directors:What Every Director Should Know About Cybersecurity, Blockchain Technology, and Other Scary Things
(with the NC Office of the Commissioner of Banks)
September 28-29, 2017
The Dan K. Moore Program in Ethics
(with the Mecklenburg County Bar)
November 10, 2017
REGISTER FOR NOVEMBER 10, 2017 DKM PROGRAM
Festival of Legal Learning: Consumer Law and Consumer Credit Symposium
Chapel Hill, NC
February 9-10, 2018
ABCs of Banking Law
March 21, 2018
The Ritz Carlton - Charlotte, NC
March 22-23, 2018
Broadening Corporate Diversity: Earning a Board Seat
Chapel Hill, NC
May 24, 2018
Financial Services Compliance Boot Camp
June 12-13, 2018
North Carolina Banking Institute Journal Orientation and Career Lunch, August 24, 2016
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 2016-17 Orientation. The four attorneys (three of whom are 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.
Tom Markle, King & Spalding
Amanda Mann, Troutman Sanders
Charles Kabugo-Musoke, Smith Anderson
MacRae Robinson, Credit Suisse
Career Lunch 2016
2016 Career Trek
On the first day of Fall Break during fall 2016, eight students were hosted by Wells Fargo and Womble Carlyle in Charlotte. Thanks to Gene Katz and Chris Leon 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.
Wells Fargo participants included:
Joycelyn "Jo" Easton
Womble participants were:
Charles Brown II
Kim Kelly Mann
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.
North Carolina Banking Institute Journal Scholarships
Graham T. Dean, Managing Editor of Volume 22, and Roy G. Dixon, Editor-in-Chief of Volume 22 will each receive a scholarship of approximately $7,200 funded by our Banking Institute sponsors. The 2016-17 scholarship recipients were Cory A. McKenna, Managing Editor of Volume 20, and Brenna A. Sheffield, Editor-in-Chief of Volume 21.
Each of the remaining rising 3L editors was awarded a $3,000 scholarship for the 2017-18 academic year by the sponsors of the twenty-first annual Banking Institute program. Congratulations to: Patrick Conlon, John H. Hykes, E. Sylvester Kisluk,
Edward McCartney, Justin H. Mims, Ethan D. Trotz, Kelly J. Winstead, and Farhayal Zubair
Study Abroad Scholarship
Stroud (Class of 2019) received the 2017 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. Josh’s undergraduate
background was in international business and German. He called his summer
in Augsburg “an extraordinary opportunity to further my legal studies and
improve my language skills.” Josh complemented his
coursework with hands-on lessons in historic European property law while
exploring Bavarian churches and monasteries and hiking in the Alps. Kinsey Johnson (class
of 2018) received the 2016 Summer Study Abroad Scholarship to study in Vienna, Austria. She took a course in European Union law at
the University of Vienna before beginning her internship with the Federal
Ministry on Economy, Science, and Research.
Josh in Schrecksee
eMortgage Closing Stakeholders Meeting
Lissa Broome and Laura Gritz, one of the Center's research assistants, attended the eMortgage Closing Stakeholders meeting in Raleigh on August 10, 2017. This meeting was hosted by the North Carolina Secretary of State's office.
Secretary of State Elaine Marshall and Laura Gritz
The Dan K. Moore Program in Ethics, October 21, 2016, Chapel Hill, NC
The 2016 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
Practical and ethical issues of secondment of law firm attorneys
Mindfulness and stress reduction
The panelists were:
Todd H. Eveson, Wyrick Robbins Yates & Ponton LLP
William Freivogel, Consultant
William A. Frey, UNC Chapel Hill
Julie J. Song, Quintiles
Courtney B. Thomas, Credit Suisse
Caroline Hubbell Yingling, Moore & Van Allen PLLC
The 2017 Dan K. Moore Program in Ethics, November 10, 2017, Charlotte, NC (with the Mecklenburg County Bar)
Please register for this program to be held for the first time in Charlotte.
2017 topics include:
Conflicts of Interest, Including Prior Work Conflicts
Ethical Issues in Litigation Financing
Mindfulness and Stress Reduction - Practical Tips That You Can Use
Jennifer Bennett, Bank of America
Alison R. Bost, Womble Carlyle Sandridge & Rice
Martin H. Brinkley, UNC Law
Peter C. Buck, Robinson Bradshaw & Hinson, PA
William A. Frey, UNC-Chapel Hill
James P. McLoughlin, Jr., Moore & Van Allen PLLC
Lara Simmons Nichols, Duke Energy
The Consumer Law and Consumer Credit Symposium at the Festival of Legal Learning, February 10-11, 2017
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.
Participants were able to select from these courses specifically geared to consumer law or consumer credit:
Electronic Repossession, John Van Alst, National Consumer Law Center
Financial Scams Trends and Prevention, Caroline Farmer, Deputy Director, N.C. Attorney General's Office
Survey of Areas of Practice in Consumer Protection Law, Mallam J. Maynard, Executive Director of the Financial Protection Law Center
Intersection of Landlord-Tenant Law and Bankruptcy, Clint S. Morse and John H. Small, Brooks, Pierce, McLendon,
Humphrey & Leonard LLP
Overview: Emerging Issues and Trends in Auto Lending, Christopher G. Kukla, Center for Responsible
Using Chapter 13 Bankruptcy in Foreclosure Cases, David J. Bryan, Brooklyn Legal Services and Ndukwe Agwu,
Brooklyn Legal Services
Past and Present Discrimination in Mortgage Lending, David J. Bryan, Brooklyn Legal Services
The ABCs of Banking Law, March 22, 2017
Thanks to Alston & Bird for
hosting this year's program and the thirty 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.
Lissa L. Broome, UNC School of Law
Scott A. Cammarn, Cadwalader, Wickerahm & Taft LLP
Carol Hitselberger, Mayer Brown
Eugene M. Katz, Wells Fargo& Company
Karol K. Sparks, Barack Ferrazzano Kirschbaum & Nagelberg LLP
Clifford S. Stanford, Alston & Bird LLP
Twenty-first Annual North Carolina Banking Institute, March 23-24, 2017, Charlotte , NC
The North Carolina Banking Institute continuing legal education program and the North Carolina Banking Institute Journal celebrated their twenty-first year in 2017. The Banking Institute featured special presentations by: David G. Leitch, Global General Counsel, Bank of America and Mark Pearce, Director of the Division of Depositor and Consumer Protection, FDIC, delivering the Donald C. Clifford Lecture on Consumer Law. There were panel discussions on raising capital, the evolving fintech landscape, syndicated credit agreements, legal ethics surrounding internal investigations, fair lending/redlining enforcement cases, and developments in AML and sanctions law. The sixth annual George and Susan Beischer address was given by John C. Dugan, Covington & Burling LLP and former Comptroller of the Currency from 2005-10.
David G. Leitch
John C. Dugan
Center for Banking and Finance Leadership Award
At the annual Banking Institute,
the Center for Banking and Finance Leadership Award was presented to Gene Katz
of Wells Fargo & Company. Gene has served on the Board of Advisors for
the Banking Institute since 1999. Gene
has been a panelist at multiple Banking Institutes, a Practitioner in Residence
for the law school’s Banking Law course, a founding faculty member of the ABCs
of Banking Law program, and a host of multiple Career Treks to Charlotte.
North Carolina Bank Directors' College and Emerging Issues Forum for Bank Directors
This program is sponsored by the Center in conjunction with the North Carolina Office of the Commissioner of Banks and the FDIC. The program provides an introduction for directors of state chartered banks and savings associations to their duties and responsibilities. The college consists of two, two-day sessions.
The 2016 Bank Directors’ College took place July 14-15 and August 18-19, 2016. The Directors’ College was not offered in 2017 but bank directors interested in a program on current topics of interest should explore the September 28-29 event: Emerging Issues Forum for Bank Directors, What Every Bank Director Needs to Know About Cybersecurity, Blockchain Technology, and Other Scary Things.
Financial Services Compliance Boot Camp, August 15-17, 2016, Charlotte, NC
UNC-Charlotte Center City was the site of the inaugural Compliance Boot Camp. This program was oversold with over 60 attendees joining over 50 industry professionals from Charlotte, New York City, Minneapolis, Boston, and San Francisco from among other areas. A Planning Team of industry professionals helped structure the program and organized the panels. Thanks to the program's sponsors: sifma, Moore & VanAllen PLLC, and McGuireWoods LLP for helping make this program a success.
Financial Services Compliance Boot Camp, June 12-13, 2018, Charlotte, NC
The Planning Team is working hard to finalize the details of this upcoming event. Stay tuned.
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 or dinner.
Ross Buckley, University of New South Wales, Australia, “Potential of Digital Financial Services,” August 23, 2016
Scott Cammarn, Cadwalader, Wickersham & Taft LLP, “The Volcker Rule,” October 6, 2016
Tony Gaeta, Wyrick Robbins Yates & Ponton LLP(retired), “Bank Mergers and Acquisitions,” October 27, 2016
Gene Katz, Wells Fargo & Company, “Bank Supervision, Examination, and Enforcement,” November 1, 2016
Holland West, Topsail Insights LLC, “A Primer on Derivatives,” November 17, 2016
Ross Buckley, University of New South Wales
National Mortgage Oversight Digital Collection
The Kathrine R. Everett Law Library received documents from
the Office of Mortgage Settlement Oversight and from Joseph A. Smith, Jr.
Monitoring related to settlements made between state attorneys general, the
Department of Justice, and institutions involved in the mortgage servicing and
mortgage origination industries. The settlements resulted from activities by
the servicers and lenders that played a role in the housing crisis of the late
2000s. These documents are now available as a part of the National Mortgage
Settlements Digital Archive, which
is hosted within the Carolina Law Scholarship Repository.
An endowment gift of $50,000 from the Office of Mortgage
Settlement Oversight to create and support the Mortgage Settlement Digital Archive and $25,000 from Joseph Smith’s company, Smith Monitoring.
Julie Kimbrough, Deputy Director, Katherine R. Everett Law Library and Joe Smith
Board of Advisors news
Joining us this year:
Tracy Calder is LPL Financial's managing director and deputy chief risk officer.
Gary Bronstein is a Team Leader of the Kilpatrick Townsend's Financial Services team. Gary provides a broad spectrum of strategic advice to financial institution and public company clients. He concentrates on initial public offerings and other specialized public and private capital raising transactions, mergers and acquisitions, proxy contests, and a host of other corporate and securities law matters that arise during the life of clients.
Tracy is responsible for the firm's compliance and operational, market and credit risk management functions. She previously worked at J.P. Morgan Securities LLC, where she served as managing director, chief compliance officer. Tracy was co-course planner of the Center's Financial Services Compliance Boot Camp.
David Freeman is head of Arnold Porter's Financial Services practice group. He represents financial institutions, investment managers, and broker-dealers on banking and securities regulatory issues, legislation, mergers and acquisitions, private investment funds, and new product development and documentation. As part of his practice, David advises domestic and foreign banks, investment management firms, and broker-dealers on compliance with state and federal banking and securities laws, federal commodities laws, and SRO rules.
Grant Harbrecht is Chief Compliance Officer/Interim Chief Legal Counsel at Fifth Third Bancorp.
Rich Mumford is General Counsel and Regulatory Attorney at UBS.
Courtney Thomas joined the board while at Credit Suisse and has now moved to become Associate General Counsel at Trilliant Networks.
Leonard H. Gilbert received the Founder’s Award from the International Insolvency Institute.
Kenneth Johnston moved to his own firm, Johnston Pratt in Dallas.
moved to Chapman and Cutler in Charlotte.
Beth DeSimone moved to CenterState Bank, N.A. in Winter Haven, FL.
Arianna Johnson (Volume 21 Editor) joined King & Spalding in Atlanta.
Brenna Sheffield (Volume 21 Editor-in-Chief) joined Troutman Sanders in Atlanta.
North Carolina Banking Institute Journal
Director Diversity Initiative
Broadening Corporate Board Diversity: Earning a Board Seat
On May 22, 2017, the twelfth 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:
Sue W. Cole,
boards of Martin Marietta Materials, Biscuitville, Diversified Trust Company
Cunningham, General Counsel, Red Hat
Dorton, board of US Ecology
Fenaroli, Fenaroli & Associates
Shaffer, Hatteras Venture Partners, boards of Hatteras portfolio companies,
former CEO of Inspire Pharmaceuticals
Executive Director, Executive Service Corps of the Triangle, board of Book
Tartalio, Enlight Research
Walls, Lincoln Electric, NACD Board Leadership Fellow, PNC Financial Services
(2006-15), Thomas Industries, Inc. (2003-05)
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.
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 (https://ddi.law.unc.edu/database/login.aspx). Companies looking for diverse candidates should contact Lissa Broome to conduct a database search according to their desired criteria.
DDI success stories are featured on the DDI website. The individuals profiled attended programs sponsored by the Director Diversity Initiative and were later appointed or elected to board seats of corporations, nonprofits, or government commissions.
One of the DDI's successes was Byron S. Bagby. In 2015 he joined the Board of Directors of Management Support Technology, Inc. (Audit Committee Chairman) and the board of advisors of Ryan Consulting Group (Chairman).
Mr. Bagby attended the "Broadening Corporate Diversity: Earning a Board Seat" workshop sponsored by the UNC School of Law Director Diversity Initiative in May 2014.
is Managing Partner of BMB Solutions, LLC, an independent consulting firm
specializing in executive leadership development and coaching; strategy
development; and organizational development. His 33-year career in the U.S. Army included experience in the
Pentagon on the Joint Staff in the Directorate of Strategic Plans and
Policy. He was Commandant (same as
President) of the Joint Forces Staff College, a premier military educational
institution, educating 2,500 students annually in ten programs, one of which is
accredited to confer a Masters' degree; and Chief Operating Officer (Senior
Defense Official) Office of Military Cooperation, Cairo, Egypt, leading all
operations of the largest security cooperation office in the world, with
programs valued at over $1.3B per year. Byron
has earned the CERT Certificate in Cybersecurity Oversight credential and is a
Governance Fellow with the National Association of Corporate Directors (NACD). He has served on the Westminster College (MO)
Board of Trustees since 2012.
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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