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The Institute of Internal Auditors North AmericaBreadcrumb SeparatorLearning and EventsBreadcrumb SeparatoreLearningBreadcrumb SeparatorFSAC Webinar: The 2019 Financial Services Regulatory and Legislative Landscape

FSAC Webinar: The 2019 Financial Services Regulatory and Legislative Landscape

July 18, 2019
2:00–4:00 p.m. ET

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As the 2019 legislative and regulatory environment in the financial services industry continues to evolve, representatives from The IIA’s federal legislative and regulatory partner Covington & Burling will offer insights on the impact of policymaking in Washington D.C. on the financial services industry. The webinar will include a review of important developments in the financial services legislative and regulatory space during the first half of 2019, and a look at what is ahead for the remainder of the year.

Learning Objectives

You will learn:

  • The impact current policy debates or regulatory proposals might have on the financial services sector.
  • Insights and updates regarding regulatory reform during the first half of 2019.
  • Some of the considerations that may influence decision-making during the remainder of 2019.

Course Duration: 2 hours
CPEs Available: 2
Knowledge Level: Basic
Field of Study: Specialized Knowledge
Prerequisites: None
Advance Preparation: None
Delivery Method: Group Internet Based

Speakers

Karen SolomonKaren Solomon
Senior of Counsel, Covington & Burling LLP

Karen Solomon advises clients on a broad range of financial services regulatory matters. Ms. Solomon’s extensive experience working in agencies that supervise national banks and Federal savings associations enables her to offer an informed, practical approach to addressing regulatory issues. Before joining Covington, Ms. Solomon served as the Acting Senior Deputy Comptroller and Chief Counsel at the Office of the Comptroller of the Currency (OCC). In that role and in her prior role as Deputy Chief Counsel, Ms. Solomon’s work included developing and drafting regulations and advising on issues involving bank powers, structure, compliance, and preemption as well as on licensing, legislative, and litigation-related matters. She had a leadership role in key OCC initiatives, including the agency’s implementation of the Volcker rule, recent fintech chartering initiative, and federal preemption efforts. She also worked extensively with other Federal agencies on joint or collaborative regulatory projects. Ms. Solomon joined the OCC in 1995. Before that, she was Deputy Chief Counsel at the Office of Thrift Supervision (OTS) and, earlier, held senior positions at the OTS’s predecessor agency, the Federal Home Loan Bank Board.

Jenny Scott KonkoJenny Scott Konko
Associate, Covington & Burling LLP

Jenny Konko’s practices focuses on advising clients at the intersection of financial services regulation and policy. Ms. Konko advises banks, fintech companies, and other financial institutions on the full spectrum of regulatory, compliance, transactional, and enforcement matters. Leveraging her knowledge of federal and state banking, consumer protection, and money transmission laws, she helps clients find innovative solutions that enable them to provide products and services globally in a complex and evolving business and regulatory environment. Ms. Konko also has extensive experience advising clients on strategic and results-driven legislative, regulatory relations, and public policy matters on a wide range of financial services issues. She frequently advises clients on new legislation, such as the Dodd-Frank Act and the Economic Growth, Regulatory Relief, and Consumer Protection Act—both assisting clients in navigating the legislative and rulemaking process, and implementing the resulting laws and regulations.

Ashden FeinAshden Fein
Partner, Covington & Burling LLP

Ashden Fein advises clients on cybersecurity and national security matters, including crisis management and incident response, risk management and governance, government and internal investigations, and regulatory compliance. For cybersecurity matters, Mr. Fein counsels clients on preparing for and responding to cyber based attacks, assessing security controls and practices for the protection of data and systems, developing and implementing cybersecurity risk management and governance programs, and complying with federal and state regulatory requirements. Mr. Fein frequently supports clients as the lead investigator and crisis manager for global cyber and data security incidents, including data breaches involving personal data, advanced persistent threats targeting intellectual property across industries, state-sponsored theft of sensitive U.S. government information, and destructive attacks. Additionally, Mr. Fein assists clients from across industries with leading internal investigations and responding to government inquiries related to the U.S. national security. He also advises aerospace, defense, and intelligence contractors on security compliance under U.S. national security laws and regulations including, among others, the National Industrial Security Program (NISPOM), U.S. government cybersecurity regulations, and requirements related to supply chain security. Before joining Covington, Mr. Fein served on active duty in the U.S. Army as a Military Intelligence officer and prosecutor specializing in cybercrime and national security investigations and prosecutions -- to include serving as the lead trial lawyer in the prosecution of Privacy Chelsea (Bradley) Manning for the unlawful disclosure of classified information to Wikileaks. Mr. Fein currently serves as a Judge Advocate in the U.S. Army Reserve.

Libbie CanterElizabeth H. Canter
Partner, Covington & Burling LLP

Libbie Canter has experience representing a wide variety of multinational companies on privacy, cyber security, and technology transaction issues, with special expertise in advising those in highly regulated sectors, including financial services companies and pharmaceutical and medical device manufacturers. She counsels these companies — and their technology and advertising partners — on how to address legacy regulatory issues and the cutting edge issues that have emerged with industry innovations and data collaborations. As part of her practice, she regularly represents clients in commercial transactions relating to content distribution and those involving personal data and cybersecurity risk.

David SteinDavid Stein
Of Counsel, Covington & Burling LLP

David Stein advises clients on credit reporting, financial privacy, financial technology, payments, retail financial services, and fair lending issues. He assists a broad range of financial services firms, consumer reporting agencies, financial technology companies, and their vendors with regulatory, compliance, supervision, enforcement, and transactional matters. Mr. Stein has significant experience advising clients on compliance with the FCRA, GLBA, ECOA, EFTA, E-Sign Act, TILA, TISA, FDCPA, Dodd-Frank Wall Street Reform and Consumer Protection Act, and FTC Act, as well as state financial privacy laws. Mr. Stein is a member of the firm’s fintech and artificial intelligence initiatives and works with clients on issues related to cutting edge technologies, such as blockchain, virtual currencies, big data and data analytics, artificial intelligence, online lending, and payments technology. Mr. Stein previously served in senior regulatory, policy-making, and management positions at the Consumer Financial Protection Bureau (CFPB) and the Federal Reserve Board (FRB). He played a significant role in developing regulations and policy on credit reporting, financial privacy, retail payments systems, consumer credit, fair lending, overdraft services, debit interchange, unfair or deceptive acts or practices, and mortgage origination and servicing. Mr. Stein draws upon his government experience in representing clients before the CFPB, the FRB, and other regulatory agencies and leverages his insights into the regulatory process to provide clients with practical, actionable advice.