Banking Center Hosts Second New York Lecture

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On Tuesday, Nov. 8, The UNC Center for Banking and Finance hosted the second in its New York Lecture Series, "A Spirited Conversation Assessing the Risks and Benefits of Big Banks," sponsored by The Clearing House Association. The event brought together an overflow crowd of nearly 150 school alumni, national banking regulators and prominent banking lawyers.

Panelists included John C. Dugan, former Comptroller of the Currency and current partner at Covington & Burling LLP; Phillip L. Swagel, professor at the University of Maryland's School of Public Policy; Ingo Walter, Seymour Milstein Professor of Finance, Corporate Governance and Ethics at New York University's Stern School of Business; and Arthur E. Wilmarth Jr., professor at The George Washington University School of Law. The moderators were Paul Saltzman, president of The Clearinghouse Association, and Lissa Broome, director of the center and Wachovia Professor of Banking Law.

“Many thanks to The Clearing House -- Jim Aramanda, CEO, and Paul Saltzman, president of The Clearing House Association -- for continued sponsorship of our New York Lecture Series," says Broome. "Our first two New York events have been a great success, and we look forward to planning a third lecture in 2012. The Clearing House is a terrific partner for us.”

Established in 1853 and owned by 20 of the largest banks in the United States, The Clearing House is a leading private sector provider of payments settlement and clearing services to financial institutions worldwide. The Clearing House processes nearly 66 million automated payments, wire transfer and image exchange transactions daily with an average value of nearly $2 trillion.

The Clearing House Association, a not-for-profit arm of The Clearing House, has a distinguished history of serving as a forum for the collaborative development of legal, regulatory and industry solutions. For more information, visit

The Center for Banking and Finance at UNC School of Law received a gift of $150,000 from The Clearing House Association to support the center and to create a lecture series based in New York City, featuring nationally prominent professionals in the banking and finance industry. The purpose of the lecture series is to support substantive academic endeavors with a focus on banking and finance law. Broome serves on the Academic Advisory Council established by The Clearing House Association. This is the second lecture sponsored by The Clearing House Association. The first event was held in February and featured Attorney H. Rodgin Cohen, senior chairman and partner at Sullivan & Cromwell LLP, as the keynote speaker.

-November 9, 2011

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