RMA Event Details

RMA New England Chapter Annual Meeting

Registration is now closed for this event.

Friday, May 17, 2019
11:30 – 2:00 p.m.
Federal Reserve Bank of Boston
Connolly Center, 4th Floor
600 Atlantic Avenue, Boston, MA 02210

Cost: $45 for RMA members, $60 for non-Members, $15 for Students

Emerging Strategic Risks Associated with FinTech Firms’ Expansion in Banking

On behalf of the New England Chapter of the Risk Management Association, please join us on Friday, May 17th, for our Annual Meeting Luncheon.

FinTech firms coming into the financial services market may disrupt top-line growth at established financial institutions. While this trend is being experienced globally, in the United States the number of financial institutions has been declining, and FinTech firms and new tech firms entering the financial services market are garnering about one third of new sales. What does this mean for entrenched financial institutions? The OCC, FDIC and the Federal Reserve Board are all assessing the impact of fintechs on the financial system and whether granting bank charters to fintechs raises prudential concerns.
 
Our speaker, Tom Curry, will address this trend in his presentation on May 17th. Some topics he will specifically address are:

  • Fintechs’ evolution from disrupters to bank partnerships
  • State and federal approaches to innovation and fintech regulation
  • Fintech/RegTech compliance issues.

There will be ample time allotted for audience Q&A.   Come prepared with your questions!

About our Speaker:

Thomas J. Curry is a partner in Nutter’s Corporate and Transactions Department and a co-leader of the firm’s Banking and Financial Services group. He advises clients in a wide range of policy, regulatory, governance, and other matters. He chairs the Milken Institute’s Fintech Advisory Committee and is a member of the Massachusetts Securities Division Fintech Working Group. Prior to joining Nutter, Tom served as the U.S. Comptroller of the Currency until May 2017. He most recently served as an expert consultant for the International Monetary Fund.

In 2012, Tom was nominated by President Obama and confirmed by the U.S. Senate to serve as Comptroller of the Currency – the head of the Office of the Comptroller of the Currency, the federal agency that charters, regulates, and supervises national banks and federal savings banks. As Comptroller, Tom served as an ex-officio member of the Board of Directors of the Federal Deposit Insurance Corporation and the Financial Stability Oversight Council. He was also a member of the Group of Governors and Heads of Supervision (GHOS), the oversight body of the Basel Committee on Banking Supervision.

Tom also served as Chairman of the Federal Financial Institutions Examination Council (FFIEC) for a two-year term from April 2013 until April 2015.

Before becoming Comptroller in 2012, Tom served as a member of the Board of Directors of the FDIC. He was nominated by President George W. Bush and confirmed by the U.S. Senate in 2003. He continued to serve on the FDIC Board until May 2017.

Prior to joining the FDIC’s Board of Directors, Tom served five Massachusetts Governors as the Commonwealth’s Commissioner of Banks from 1995 to 2003 and from 1990 to 1991. He was appointed by Governor William F. Weld, a Republican, in 1995 and by Governor Michael S. Dukakis, a Democrat, in 1990.

Tom served as the Chairman of the Conference of State Bank Supervisors from 2000 to 2001, and served two terms on the State Liaison Committee of the FFIEC, including a term as Committee chairman.

Previously, Tom served as Acting Commissioner of Banks from February 1994 to June 1995. He previously served as First Deputy Commissioner and Assistant General Counsel within the Massachusetts Division of Banks. Tom entered state government in 1982 as an attorney with the Massachusetts’ Secretary of State’s Office.

Tom was a longtime member of the NeighborWorks America Board of Directors (NWA). He twice served as Chairman of the Board of Directors, most recently from March 2014 through June 2016. NWA is a Congressionally chartered non-profit whose mission is to support affordable housing and community development.

About the Federal Reserve:

The Fed maintains a robust security protocol for entry to the building. Kindly allow yourself sufficient time to proceed through TSA screening and bag check. Please provide your name exactly as it appears on the identification you will be asked to provide upon check-in.

Registration for the event will close at noon on Monday May 13th.

Due to the security procedures at the Fed, we regret that we cannot accommodate walk in attendees, or late registrations.

You MUST register prior to the deadline in order to attend this event.

Date:
Time:
Place:
Friday, May 17, 2019
11:30 – 2:00 p.m.
Federal Reserve Bank of Boston
Connolly Center, 4th Floor
600 Atlantic Avenue, Boston, MA 02210

Cost:


$45 for RMA members, $60 for non-Members, $15 for Students
Includes Lunch

Please note: RMA NE Chapter does not invoice for events.


For more information contact:
Julie Conroy, RMA Administrator
Julie@rmanewengland.org