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Friday
May 18, 2018

8:00 a.m. Registration & continental breakfast
8:30 a.m. Welcome:
8:50 a.m. Regulatory and Legislative Updates
Moderator: Michael Krimminger – Cleary Gottlieb
Panelist 1: John Ryan – Conference of State Bank Supervisors
Panelist 2: Michael Johnson – Executive Vice President, Supervision and Regulation at Federal Reserve Bank of Atlanta
Panelist 3: Dennis Kelleher – President and CEO, Better Markets
10:00 a.m. Break
10:15 a.m. M&A and Shareholder Activism
Moderator: Richard Brand – Cadwalader
Panelist 1: Jim Barresi – Squire Patton Boggs
Panelist 2: Scott R. Anderson – Keefe, Bruyette & Woods
Panelist 3: Allen Rogers – Ewing Capital Partners, LLC
11:30 a.m. Break (Pick up lunches)
11:45 a.m. Luncheon Speech: Topic
Introduction:
Speaker: Thomas Hoenig – Vice Chairman of the Federal Deposit Insurance Corporation
12:45 p.m. Break
1:00 p.m. Cyber Security
Moderator: Katherine Mooney Carroll – Cleary Gottlieb
Panelist 1: John Reed Stark – John Reed Stark Consulting, LLC
Panelist 2: Thomas H. Bentz Jr. – Holland & Knight
Panelist 3: Linda Hudson – The Cardea Group
2:15 p.m. Break
2:30 p.m. Financial Technology
Moderator: Shami Patel – CEO of LumiGrow
Panelist 1: Kathleen M. Hamm – Global Leader of Securities and Fintech Services at Promontory
Panelist 2: Beth Knickerbocker – Chief Innovation Officer at the Office of the Comptroller of the Currency (OCC)
Panelist 3: Gareth Genner- General Counsel at TrustStamp
3:30 p.m. Break
3:45 p.m. Governance and Strategic Planning
Moderator: Joseph A. Smith Jr. – Partner at Poyner Spruill and Former North Carolina Commissioner of Banks
Panelist 1: Ben McDonough – Assistant General Counsel at the Board of Governors of the Federal Reserve System
Panelist 2: Doug Roeder – PwC
Panelist 3: David Baris – President of the American Association of Bank Directors
5:15 p.m. Break
6:30 p.m. Reception at the Washington Duke
7:30 p.m. Conference Dinner at the Washington Duke
Host:
Speaker:

Saturday
May 19, 2018

8:00 a.m. Registration & continental breakfast
8:30 a. m. Wells Fargo Case Study
9:45 a.m. Break
10:00 a.m. AML/OFAC
Moderator: Scott Cammarn – Cadwalader
Panelist 1: Jodi Avergun – Cadwalader
Panelist 2: Jamal El-Hindi, Acting Director – Financial Crimes Enforcement Network
Panelist 3: Dan Soto, Chief Compliance Officer – Ally Financial
11:00 a.m. Break
11:15 a.m. Regional Bank Earnings Environment
Moderator:
Panelist 1: Rick Callicut- Chairman of the

Carolinas and Virginia region at Pinnacle
Financial Partners
Panelist 2: William Taylor – Director of Portfolio Management Group at Vining Sparks
Panelist 3: Richard Parsons – Author of “Investing in Banks: Strategies and Statistics for Bankers, Directors, and Investors”
12:15 p.m. Closing remarks:
Lawrence Baxter- William B. McGuire Professor of the Practice of Law at Duke University and co-director Global Financial Markets Center
12:30 p.m. Conference concludes

Golf at the Washington Duke

At the conclusion of the conference on Saturday, enjoy a round or two of golf for the afternoon. Plan your visit to see details about tee times and rates.

Panel Descriptions

Regulatory and Legislative Updates

The “Trump Effect” has lifted equity valuations for most regional and large community banks. Much of the increase is premised on the belief that these banks are sure to see some form of regulatory relief. Regulatory relief can come from new rules or legislation, from changes in the leadership of regulatory agencies, or from changes to existing enforcement practices. This panel will explore the critical policy and personnel changes that are already affecting regional and community banks, as well as look ahead at changes that may be coming down the pike.

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M&A and Shareholder Activism

There has been a significant increase in bank M&A activity over the past year-and-half, particularly in the southeast region. This session will explore the current M&A market through the lenses of buyer, seller, and shareholder. Panelists will discuss the types of questions boards and senior managers should be asking when laying out possible strategic paths.
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Cyber Security

Cyber security threats are growing each year and cyber-attacks are becoming more insidious; with tactics like malware and hacking aimed at defrauding and causing significant harm to banks and their customers. Today’s bank boards can no longer leave cyber strategy to the IT professionals. This panel will share practical advice for directors and executives on data breach preparedness planning, data breach notification, and legal and operational issues relating to the governance of information across an organization. The panel will also address the often overlooked, but critical, topic of cyber insurance.

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Financial Technology

The rapid expansion of technology-based financial services has created plentiful opportunities and challenges for all sectors of the financial services industry. The pace of change in financial services technology activities, or “fintech,” is accelerating, with a plethora of new bank and non-bank market entrants, and an increasing federal and state governmental interest in the functioning and regulation of these activities. Many regional and community banks are seeing market share taken from them by fintech competitors, and some banks have begun to collaborate with fintech firms in various capacities. This panel of private and public sector officials will discuss current issues and trends in the fintech marketplace, as well as highlight key areas of focus for regional and community bank directors and executives.

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Governance and Strategic Planning

Today’s bank boards are being held accountable by shareholders, regulators, and the media. Senator Elizabeth Warren’s call for the dismissal of Wells-Fargo directors vividly highlights what can go wrong when a board is perceived to have failed in exercising proper oversight of their firm. This session will review best practices in board governance and strategic planning. Topics to be covered: include committee responsibilities, succession planning, incentive compensation, and director qualifications. The panel will also examine the Federal Reserve’s proposed guidance to enhance the effectiveness of boards of directors.

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Wells Fargo Case Study

The Wells Fargo case study analyses the fake customer accounts scandal from the perspective of Wells Fargo’s board of directors. The case study draws primarily – and in some instances quotes verbatim – from the 113 page report of the Wells Fargo board’s independent investigation of retail banking sales practices. The case study also relies on the Office of the Comptroller of the Currency’s report titled: Lessons Learned Review Of Supervision Of Sales Practices At Wells Fargo. The case study provides a chronological breakdown of events leading up to the public announcement of the scandal and includes multiple prompts along the way, which are designed to facilitate discussion and critical thinking. Attendees will be divided into small groups to work through the case study and share their thoughts on how Wells Fargo’s board could have handled things differently.

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AML/OFAC

Anti-money laundering and compliance with economic and trade sanctions are not traditional areas of focus for bank boards. However, failure to comply with AML rules and sanctions law can cause significant harm to a bank by way of fines and potential prosecution. This panel will discuss hot topics in AML, including beneficial ownership requirements, the confluence of cyber-security and AML, best practices for BSA compliance, and the FinCEN 2018 regulatory agenda.

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Regional Bank Earnings and Balance Sheet Management

With rates having never been this low for this long, there exists a generation of bankers and directors with little to no experience managing business in a rising rate cycle. In addition, many regional and large community banks continue to struggle with how to increase ROE in light of post-crisis capital requirements. This session will examine how banks can position themselves to take advantage of a rising rate environment while staying within their risk tolerance. Panelists will also discuss the key balance sheet constraints of capital and liquidity requirements, and how they influence business decisions and earnings.

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Closing remarks: Lawrence Baxter- William B. McGuire Professor of the Practice of Law at Duke University and co-director Global Financial Markets Center