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Last Updated: 3/22/2019

Looking to the Future: The Risks and Rewards of New Opportunities

In recent years, the post-crisis economic recovery has shown signs of increasing growth and innovation. However, financial institutions must carefully manage the risks and rewards of these new opportunities. The Twelfth Annual Risk Conference on April 10-11, 2019, will explore diverse perspectives on the financial services sector as experts gauge the current state of the industry and attempt to discern a sustainable path forward. Topics will range from traditional issues like the credit growth cycle and bank regulation to the emerging applications of technologies like blockchain. We invite attendees to come participate in this day-and-a-half overview of the major trends shaping financial services and the opportunities that lie ahead. The conference is co-organized by the John L. Keeley Jr. Center for Financial Services at DePaul University and the Federal Reserve Bank of Chicago. Media Disclaimer: No media and/or recording will be permitted at this event.

Wednesday, 04/10/19
8:30 AM
Welcome and Introduction
Speakers
Elijah Brewer, III, Professor & Chair of Finance, Driehaus College of Business, DePaul University
Steve Durfey, Senior Vice President, Federal Reserve Bank of Chicago
8:45 AM
Opening Keynote: A Conversation with Northern Trust
Speaker
Michael O'Grady, CEO, Northern Trust
10:00 AM
Break
10:30 AM
Panel 1: Blockchain in Banking

While Virtual Currencies have experienced extreme volatility, the supporting Distributed Ledger Technology including Blockchain have increased in use and importance. This technology has the potential to create cost savings and improved efficiencies for trading and transfer of a variety of assets. This first panel will provide diverse perspectives on this technology, and is comprised of panelists from the banking industry, a regulatory agency, and a technology solutions provider. Whether undertaking DLT/Blockchain projects themselves or transacting with clients, banks will need to understand how this technology has, and will, impact financial services.

Moderator
Christopher Koopmans, Vice President, Federal Reserve Bank of Chicago
Speakers
Andrew Czupek, Senior Vice President, Northern Trust
Katherine May, Senior Manager AML Business Intelligence, Financial Intelligence Unit, BMO Financial Group
Matt Roszak, Co-founder, BLOQ
David Mills, Deputy Associate Director, Board of Governors of the Federal Reserve System
12:00 PM
Lunch Keynote: The Value and Challenges of a Traditional Deposit Franchise
Speaker
Alberto Paracchini, CEO, Byline Bank
1:30 PM
Panel 2: Innovation in Lending Technologies

Technological innovation is transforming the delivery of traditional bank lending. In the past, lenders largely relied on personal interaction and trust in the lending relationship. Now, diverse data sources and advanced data analytics have provided an alternative approach to loan underwriting. Online lending is a fast-growing segment that challenges the traditional model of "local banking." In this panel, we will discuss the role of banks, fintech companies, and regulators in this evolving area of lending.

Moderator
Lamont Black, Assistant Professor of Finance, Driehaus College of Business, DePaul University
Speakers
Pablo Sanchez, Senior Executive Vice President and Head of Retail Banking and Wealth Management, HSBC
Adam Hughes, President, Avant
Sam Taussig, Head of Global Policy, Kabbage
Beth Knickerbocker, Chief Innovation Officer, Office of the Comptroller of the Currency
3:00 PM
Break
3:30 PM
Panel 3: Managing the Credit Growth Cycle

The U.S. economy is enjoying one of the longest expansionary runs in its history and banks are in a strong financial position. However, there are global headwinds looming on the economic and geo-political horizon. Global economic growth appears to be slowing and the path of interest rates remains uncertain. As the U.S. consumer has deleveraged since the crisis, corporations have added leverage. Consumer and commercial lending by non-regulated lenders continues to grow. The panel will discuss the opportunities for growth, emerging concerns in credit portfolios, impact of regulation and the competitive realities.

Moderator
Martin Essenburg, Executive Director, Center for Financial Services, DePaul University
Speakers
Craig Schmidt, Managing Director and Head of Credit Review, CIBC
Robert Tuchscherer, Managing Director, Co-Head of Underwriting, Golub Capital
Dave Knapp, Executive Vice President, Director of Specialty Banking, First Midwest
Ralf Meisenzahl, Principal Economist, Board of Governors of the Federal Reserve System
5:00 PM
Reception
Thursday, 04/11/19
8:30 AM
Welcome and Introduction
Speaker
Martin Essenburg, Executive Director, Keeley Center for Financial Services, DePaul University
8:45 AM
Keynote
Speaker
Michael Johnson, Acting Deputy Director, Board of Governors of the Federal Reserve System
10:00 AM
Break
10:30 AM
Panel 4: Regulatory Environment; Financial Stability; and the Economy

The interconnectedness between the evolving regulatory/supervisory landscape and financial stability has been an area of focus since the great recession. This panel will focus on recent developments and a forward looking view on regulatory policy matters; the U.S. and global economy, including the influence on monetary policy; and perspectives regarding financial stability. The panel will bring together important elements linking to the conference theme of Risks and Rewards of New Opportunities.

Moderator
Kristin LaPorte, Vice President, Federal Reserve Bank of Chicago
Speakers
Arthur Lindo, Deputy Director, Board of Governors of the Federal Reserve System
Anna Paulson, Senior Vice President, Associate Director of Research and Director of Financial Markets, Federal Reserve Bank of Chicago
Carl Tannenbaum, Chief Economist, Northern Trust
11:30 AM
Adjourn
Hotels Near Federal Reserve Bank of Chicago
111 W. Adams Street
Chicago ,  IL   60603
17 E. Monroe Street
Chicago ,  IL   60603
100 W. Monroe Street
Chicago ,  IL   60603
11 S. LaSalle Street
Chicago ,  IL   60603
65 W. Jackson Blvd.
Chicago ,  IL   60604
Event Information
Event Contact
Ana Oppenheimer

Email
Date
04/10/19  - 04/11/19
Registration Deadline
Friday, March 22, 2019
Location

Federal Reserve Bank of Chicago
230 S. LaSalle Street
Third Floor Conference Center
Chicago, Illinois 60604

Fee:
$0
Map


Federal Reserve Bank of Chicago, 230 South LaSalle Street, Chicago, Illinois 60604-1413, USA. Tel. (312) 322-5322

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