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Is "Too Big to Fail" still with us?

Is "Too Big to Fail" still with us?

Does legislation passed in the wake of the global financial crisis go too far or not far enough in curtailing the “too big to fail” treatment of large banks? What does the future hold for bankers, their lawyers and policymakers should another financial crisis occur?

On April 11, four banking experts will be at Penn State Dickinson School of Law to discuss the "Too Big to Fail" issue in general and as it relates to the 2007-2008 financial crisis. The event, which is free for those not seeking CLE credit and open to the public, will begin at 10:00 a.m. with a historic overview of “too big to fail.” Journalist Barbara Rehm will moderate a lively discussion with two of the banking industry's most knowledgeable experts.

Speakers and panelists include:

  • Wayne Abernathy, Executive Director of Financial Institutions Policy and Regulatory Affairs at the American Bankers Association, and former Treasury Assistant Secretary for Financial Institutions under President George W. Bush, is a panelist
  • Harvey Rosenblum, financial economics professor at SMU’s Cox School of Business and former Executive Vice President and Director of Research at the Federal Reserve Bank of Dallas, is a panelist
  • Barbara Rehm, former Editor at Large of The American Banker and Special Advisor at Promontory Financial Group, will moderate the panel discussion
  • Kathleen Collins, Penn State Law adjunct professor and senior counsel in Morgan Lewis’s Investment Management Practice, will provide a historic overview of “Too Big to Fail”

Participants can expect to gain perspective from both sides of the issue, learn about the historical threat behind “too big to fail”, the changes made by the Dodd-Frank Act, pending Senate legislation such as proposals by Warren-McCain and Brown-Vitter, along with other possible solutions, concerns, and potential threats surrounding the issue.

The Pennsylvania Continuing Legal Education Board has approved this program for 2.0 hours of substantive law, practice, and procedure credit and 0.0 hours of ethics, substance abuse, and professionalism credit. Attorneys seeking credit in states other than Pennsylvania will be provided with a uniform certificate of attendance to self-report. These will be mailed to attendees following the program.

 


 


Watch 'Is "Too Big to Fail" Still With Us?'
 

Date/Time: 
Friday, April 11, 2014 - 10:00am
Location: 
The Greg Sutliff Auditorium Lewis Katz Building, University Park Campus and simulcast to Room 106 Lewis Katz Hall, Carlisle Campus
Faculty Reference: 

Friday, April 11, 2014 - 10:00 a.m. to 12:00 p.m.

Greg Sutliff Auditorium, University Park, PA

Simulcast to Room 106, Lewis Katz Hall, Carlisle, PA


10:00 a.m.
Historic Overview

Kathleen Collins, Penn State Law adjunct professor and senior counsel in Morgan Lewis’s Investment Management Practice

10:15 - 10:30 a.m. 
Presentation

Barbara Rehm, former Editor at Large of The American Banker and Special advisor at Promontory Financial Group

10:30 -10:45 a.m.
Presentation

Wayne Abernathy, Executive Director of Financial Institutions Policy and Regulatory Affairs at the American Bankers Association, and former Treasury Assistant Secretary for Financial Institutions under President George W. Bush

10:45 - 11:00 a.m.
Presentation

Harvey Rosenblum, financial economics professor at SMU’s Cox School of Business and former Executive Vice President and Director of Research at the Federal Reserve Bank of Dallas

11:00-11:45 a.m.
Panel Discussion

Barbara Rehm will moderate a panel discussion between Wayne Abernathy and Harvey Rosenblum

11:45 a.m. - 12:00 p.m.
Audience Q&A

 

 

Registration has closed.

Wayne Abernathy

Wayne Abernathy is the Executive Vice President for Financial Institutions Policy and Regulatory Affairs at the American Bankers Association. At ABA, he oversees groups that deal with policy development, regulatory and compliance issues, bank general counsels, securities and investment, derivatives policy, and risk management. Before joining ABA, he served two years as Treasury Assistant Secretary for Financial Institutions under President George W. Bush, receiving the Alexander Hamilton Award in recognition for his service. Before his work in the Treasury, Abernathy served as Staff Director of the Senate Banking Committee.

Harvey Rosenblum

Dr. Harvey Rosenblum is a widely recognized expert on both the national and Texas economies. He teaches Monetary Policy and Financial Institutions in the MBA program and Macroeconomics in the Executive MBA program at Cox School of Business at Southern Methodist University. His current research interests focus on banking and monetary policy, inflation, and the growing impact of globalization on the U.S. economy and business. Dr. Rosenblum began his career as an economist with the Federal Reserve Bank of Chicago. In 1985 he joined the Federal Reserve Bank of Dallas as Senior Vice President and Director of Research and became Executive Vice President in 2005.

Barbara Rehm

Barbara Rehm spent twenty-six years at American Banker before joining Promontory Financial Group as a Special Advisor. She started her career as a reporter covering the Federal Deposit Insurance Corp. and was a front-line observer of the savings and loan crisis. She became the newspaper's Washington bureau chief and served as its editor-in-chief during the unfolding of the global financial crisis. Later, as the paper’s editor at large, she was a widely followed columnist who informed and influenced debate on financial regulatory developments like the Basel III capital regime, the push for large-bank resolution planning, and the turn toward consumer financial protection. The Society of American Business Editors and Writers in February 2013 honored her for excellence in commentary.

Kathleen Collins

Kathleen Collins is an adjunct professor of law at Penn State Law where she teaches Banking Regulation. Professor Collins is a retired partner now serving as senior counsel at Morgan, Lewis & Bockius LLP, an international law firm, resident in its Washington, D.C. office. Professor Collins has been a banking attorney for her entire legal career, and was executive vice president and general counsel of The National Bank of Washington and its holding company prior to entering private practice in 1989. At Morgan Lewis, she has represented local, regional and national financial institutions in legislative, regulatory, and transactional matters. She has written and lectured on a variety of topics including the Dodd-Frank Act, federal preemption, privacy, and banks-in-insurance.

 

 

 

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