CONFERENCE OF STATE BANK SUPERVISORS 2009 U.S. REGULATORY/COMPLIANCE ORIENTATION PROGRAM July 28 29, 2009 Association of the Bar of the City of New York 42 West 44 th Street A PROGRAM FOR HEAD OFFICE, RECENTLY ARRIVED OFFICERS OF INTERNATIONAL BANKS AND REPRESENTATIVES WHO WOULD BENEFIT FROM A MORE THOROUGH UNDERSTANDING OF THE U.S. REGULATORY/COMPLIANCE SYSTEM Sponsored by
U.S. Regulatory/Compliance Orientation Program Tuesday, July 28, 2009 8:00 a.m. 8:30 a.m. Continental Breakfast 8:30 a.m. 9:00 a.m. Keynote Remarks The Honorable Richard Neiman Superintendent of Banks 9:00 a.m. 9:10 a.m. Introduction of the Program/Opening Remarks Lawrence R. Uhlick Chief Executive Officer Institute of International Bankers 9:10 a.m. 9:35 a.m. Perspectives of an International Banker on the Regulatory Environment for doing Business in the United States Angelo R. Aldana General Manager Mizuho Corporate Bank Ltd. 9:35 a.m. 10:50 a.m. U.S. Banking System and Foreign Banking Organization (FBO) Supervisory Structure The Dual Banking System State and Federal Coordination Role of State and Federal Agencies Structure of the Federal Reserve System Neil Milner David Fredsall President and CEO CSBS Deputy Superintendent Foreign and Wholesale Banks
Jonathan Sacks Donald Vangel Senior Supervisory Financial Analyst Federal Reserve Board Advisor, Regulatory Affairs Office of the Chairman Ernst & Young LLP 10:50 a.m. 11:05 a.m. Coffee Break 11:05 a.m. 12:20 p.m. U.S. Banking Law and the FBO What You Need to Know The Basic Banking Statutory Framework in the United States Treatment of Branches and Agencies Distinction Between Banking and Nonbanking Activities The Central Role of the Compliance Function Rosanne Notaro Scott Anenberg Derek Bush Richard Coffman Deputy Counsel Mayer Brown LLP Cleary Gottlieb Steen & Hamilton LLP General Counsel Institute of International Bankers 12:20 p.m. 2:00 p.m. Luncheon Speaker: Luncheon Daniel A. Muccia Senior Vice President Federal Reserve Bank of New York 2:00 p.m. 3:15 p.m. What to Expect from an Examination and How to Prepare What to Expect in a First-Day Letter What to Expect from an On-Site Examination Key Factors in Adequate Preparation SOSA, ROCA and RFI
Warren Hochbaum William F. Hilton III John W. Campbell Assistant Deputy Superintendent Senior Examiner Federal Reserve Bank of New York Senior for Regulatory Advisory Services PricewaterhouseCoopers LLP 3:15 p.m. 3:30 p.m. Coffee Break 3:30 p.m. 5:00 p.m. Anti-Money Laundering and U.S. Compliance Basic Requirements of the USA Patriot Act/Bank Secrecy Act Office of Foreign Assets Control (OFAC) Enforcement Guidelines Suspicious Activity Reports Know-Your-Customer Issues Correspondent Account Issues Carol R. Van Cleef Michael Shepard Carmina Hughes Patton Boggs LLP Principal Deloitte Financial Advisory Services LLP Executive Director Daylight Forensics & Advisory LLC 5:00 p.m. Adjournment Wednesday, July 29, 2009 8:00 a.m. 8:30 a.m. Continental Breakfast 8:30 a.m. 9:45 a.m. U.S. Labor Laws What You Need to Know to Avoid Problems James R. Hays Member Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.
9:45 a.m. 11:00 a.m. Examination Issues from the Bank s Perspective How to communicate effectively with regulators How to use the Joint Examination Manual and other resources Facilitating internal coordination and communication Responding to criticisms Connie M. Friesen Victor Illonardo Hugh C. Kelly Sara A. Kelsey Sidley Austin LLP Director Deutsche Bank AG Principal, Financial Risk Management, Bank Regulatory Advisory KPMG LLP Counsel Wilmer Cutler Pickering Hale & Dorr LLP 11:00 a.m. 11:15 a.m. Coffee Break 11:15 a.m. 12:30 p.m. Concurrent Breakout Sessions Financial Holding Company (FHC) Issues Key issues affecting international banks that are, or seek to qualify as, FHCs Well capitalized and well managed requirements Merchant banking activities Complementary activities Ivan Hurwitz Kevin F. Barnard Vice President Legal Group Federal Reserve Bank of New York Arnold & Porter LLP
Important Legal Issues Transactions with affiliates Anti-tying rules Corporate governance requirements and best practices Liaison between head offices and U.S. offices Robert E. Hand Robin J. H. Maxwell General Counsel, US Mitsubishi UFJ Financial Group, Inc. Linklaters LLP 12:30 p.m. Adjournment