The Weinberg Center recently hosted a discussion on the impact of Federal Reserve Board sanctions on the financial services industry and what boards at all financial services companies and all public companies need to know. Participating in the discussion were the following;

  • David Wright is Managing Director, Banking and Capital Markets at Deloitte & Touche LLP.  In this role, he advises financial institutions on regulatory matters, with a particular focus on implementation of Dodd-Frank enhanced prudential standards as well as supervisory expectations for risk management.  Prior to joining Deloitte, he served in numerous roles within the Federal Reserve in Washington D.C. and San Francisco over the span of 23 years.  Prior to joining the Federal Reserve, he was Vice President at First Boston Inc.
  • Kim Hains is an independent Senior Advisor to Deloitte & Touche LLP.  Kim most recently had a dual role at Bank of America, as both the global technology and operations, business controls executive and the enterprise non-financial regulatory reporting executive. In these roles, Kim was responsible for defining and deploying common risk management processes, tools, metrics, and learning curriculums, risk governance and reporting, and establishing enterprise-wide oversight of all non-financial regulatory reporting obligations.  Kim helped redefine Bank of America’s Global Compliance function as a second line defense to ensure compliance across all lines of business. 
  • Myron Steele is a Partner at Potter, Anderson & Corroon and is the former Chief Justice of the Delaware Supreme Court. Previously, he served as a Judge of the Superior Court and a Vice Chancellor of the Delaware Court of Chancery after eighteen years in private litigation practice. He has presided over major corporate litigation and LLC and limited partner governance disputes, and writes frequently on issues of corporate document interpretation and corporate governance.
  • Charles Elson, Director of the Weinberg Center, moderated the discussion.  Professor Elson is also Edgar S. Woolard, Jr., Chair in Corporate Governance and Professor of Finance at the University of Delaware. 

    For more information about the impact of the Federal Reserve sanctions, including the complete bios of the discussion participants and additional materials, click to go to the Video Event page.