Center for Banking & Finance Newsletter

Center for Banking & Finance Newsletter:
Thursday, August 24, 2017

Message from the Director

Lissa 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.

Upcoming Events

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)
Asheville, NC
September 28-29, 2017

The Dan K. Moore Program in Ethics
(with the Mecklenburg County Bar)
Charlotte, NC
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
Charlotte, NC
March 21, 2018

Banking Institute
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
Charlotte, NC
June 12-13, 2018

Student Support


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
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: 

  • Russ Cole
  • Joycelyn "Jo" Easton
  • Gene Katz
  • Anna O'Neal
  • Rosi Petroff
  • Brandon Williams

Womble participants were:

  • Charles Brown II
  • Jim Cooley
  • Jessica Dickerson
  • Jeffrey Hay
  • Chris Leon
  • Kim Kelly Mann
  • Sudhir Shenoy
  • Connie Young

Career Trek 2016

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

North Carolina Banking Institute Journal Scholarships


Graham T. Dean
Graham T. Dean
Roy
Roy G. Dixon

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.

3L Scholarships

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

2017 3L BIS Scholarships

Study Abroad Scholarship

Joshua 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 Stroud 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.


Laura Gritz and Elaine Marshall
Secretary of State Elaine Marshall and Laura Gritz

2016-17 Highlights

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
  • Negotiation ethics
  • 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
  • Negotiation Ethics

2017 Panelists:

  • 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 Lending
  • 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


Classroom

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.

The panelists:
  • 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


Main Class
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 Leitch
David G. Leitch
John C. Dugan
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.

Gene Katz

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
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.

J Smith
Julie Kimbrough, Deputy Director, Katherine R. Everett Law Library and Joe Smith

Board of Advisors news

Joining us this year:

Gary Bronstein, Kilpatrick Townsend

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 Calder
Tracy Calder is LPL Financial's managing director and deputy chief risk officer. 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

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

Grant Harbrecht is Chief Compliance Officer/Interim Chief Legal Counsel at Fifth Third Bancorp.

Rich Mumford

Rich Mumford is General Counsel and Regulatory Attorney at UBS.

Courtney Thomas

Courtney Thomas joined the board while at Credit Suisse and has now moved to become Associate General Counsel at Trilliant Networks.


Notable:

Leonard H. Gilbert received the Founder’s Award from the International Insolvency Institute.

Kenneth Johnston moved to his own firm, Johnston Pratt in Dallas.

David Batty 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


Volume 21 of the North Carolina Banking Institute journal was published in March 2017.

Learn more about the journal at http://www.law.unc.edu/journals/ncbank/.

Vol22

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
  • Michael Cunningham, General Counsel, Red Hat
  • Katina Dorton, board of US Ecology
  • Karen Fenaroli, Fenaroli & Associates
  • Christy Shaffer, Hatteras Venture Partners, boards of Hatteras portfolio companies, former CEO of Inspire Pharmaceuticals
  • Trudy Smith, Executive Director, Executive Service Corps of the Triangle, board of Book Harvest
  • Michelle Tartalio, Enlight Research
  • George 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.


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 (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 Successes

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.

Byron Bagby

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.

Mr. Bagby 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.


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.

To subscribe or unsubscribe to Center Updates, please contact Conrad Bortz at cbortz@email.unc.edu.


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