Overview

SIFMA and the Bank Policy Institute’s (BPI) 8th Annual Prudential Regulation Conference will examine U.S. prudential regulation and its impact on U.S. capital market functioning and liquidity during periods of stress, including the causes of volatility in market liquidity in March of last year.

We will explore treasury market reform; capital stress testing including scenario development and PPNR and GMS components; the implications of the COVID 19 dislocation and US response on bank regulatory  capital and liquidity requirements with a focus on the end Basel III package; and prudential regulatory trends in sustainable finance.

8th Annual

Prudential Regulation Conference

Prudential Policy’s Impact on the Capital Markets

Date

June 02 - June 03, 2021

Location

Virtual

Hosted by

SIFMA and Bank Policy Institute (BPI)

Registration Rates – Until 6/1/21

  • Member $299
  • Non-Member $399
  • Regulator $99

Overview

SIFMA and the Bank Policy Institute’s (BPI) 8th Annual Prudential Regulation Conference will examine U.S. prudential regulation and its impact on U.S. capital market functioning and liquidity during periods of stress, including the causes of volatility in market liquidity in March of last year.

We will explore treasury market reform; capital stress testing including scenario development and PPNR and GMS components; the implications of the COVID 19 dislocation and US response on bank regulatory  capital and liquidity requirements with a focus on the end Basel III package; and prudential regulatory trends in sustainable finance.

Program

12:00pm – 12:10pm

Participants

Kenneth E. Bentsen, Jr.

Speaker

Kenneth E. Bentsen, Jr.

President and CEO

SIFMA

Kenneth E. Bentsen, Jr.’s Biography

12:10pm – 12:40pm

Keynote Presentation – TBD

12:40pm – 12:50pm

Break

12:50pm – 2:00pm

Co-authors Nellie Liang and Pat Parkinson will present on their proposals in their recent paper “Enhancing liquidity of the U.S. Treasury market under stress” for (1) the Fed to…

Co-authors Nellie Liang and Pat Parkinson will present on their proposals in their recent paper “Enhancing liquidity of the U.S. Treasury market under stress” for (1) the Fed to create a new standing repo facility to support market liquidity in periods of stress; (2) consideration of a mandate for wider clearing; (3) targeted changes to bank regulations to improve liquidity provision by bank-affiliated dealers without reducing safety and soundness; and (4) increased data collection, especially for bilateral uncleared repo, and disclosure to improve transparency about broker-dealers and monitor funding risks and leverage in nonbank financial intermediation.  We will then have a panel join the authors in discussing these recommendations.

Participants

Bill Nelson, Darrell Duffie, Beth Hammack, Pat Parkinson, Thomas Pluta

Moderator

Bill Nelson

Executive Vice President and Chief Economist

Bank Policy Institute

Bill Nelson’s Biography

Panelists

Darrell Duffie

Adams Distinguished Professor of Management and Professor of Finance

Stanford Graduate School of Business

Darrell Duffie’s Biography

Beth Hammack

Global Treasurer

Goldman, Sachs & Co.

Beth Hammack’s Biography

Thomas Pluta

Global Head of Linear Rates, Co-Head of NA Rates

JP Morgan Chase & Co.

Thomas Pluta’s Biography

2:00pm – 2:15pm

Break

2:15pm – 3:05pm

In the context of the broader question of optimal capital levels, this panel will explore the timing and scope of the final Basel III package (e.g., FRTB, CVA, operational risk,…

In the context of the broader question of optimal capital levels, this panel will explore the timing and scope of the final Basel III package (e.g., FRTB, CVA, operational risk, securities financing transactions, and the fate of advanced approaches) and consider interactions with other capital requirements (e.g., standardized floors and the Collins Amendment, GSIB surcharge, the enhanced supplementary leverage ratio, and the stress capital buffer).

Participants

Carter K. McDowell, Al Moffitt, Andrew Nash, Jeremy Newell, Mark E. Van Der Weide

Moderator

Carter K. McDowell

Managing Director, Associate General Counsel

SIFMA

Carter K. McDowell’s Biography

Panelists

Al Moffitt

Head of Capital and Liquidity Management

JPMorgan Chase & Co.

Al Moffitt’s Biography

Andrew Nash

Managing Director and the Head of Regulatory Affairs

Morgan Stanley

Andrew Nash’s Biography

Mark E. Van Der Weide

General Counsel

Federal Reserve Board

Mark E. Van Der Weide’s Biography

1:00pm – 1:05pm

Participants

John Court

Speaker

John Court

Senior Vice President, General Counsel

Bank Policy Institute (BPI)

John Court’s Biography

1:05pm – 1:55pm

In the United States, stress testing is a key supervisory tool and provided the important information about the resilience of large banks during the COVID-19 event. The panel will discuss…

In the United States, stress testing is a key supervisory tool and provided the important information about the resilience of large banks during the COVID-19 event. The panel will discuss concerns regarding plausibility of scenarios, and transparency of supervisory projections particularly in areas of vulnerability (e.g., commercial real estate and corporate debt markets), supervisory models and the return to the stress capital buffer framework.

Participants

Francisco Covas, Sheara J. Fredman, Anna Kovner, Marc Saidenberg, Benjamin H. Weiner

Moderator

Francisco Covas

Executive Vice President

Bank Policy Institute

Francisco Covas’s Biography

Panelists

Sheara J. Fredman

Chief Accounting Officer and Controller

Goldman Sachs

Sheara J. Fredman’s Biography

Anna Kovner

Policy Leader for Financial Stability

Federal Reserve Bank of New York

Anna Kovner’s Biography

Marc Saidenberg

Principal, US Financial Services Advisory and Financial Services Global Regulatory Network Co-Lead

EY

Marc Saidenberg’s Biography

1:55pm – 2:05pm

Break

2:05pm – 2:55pm

As the global economy evolves to address environmental, social and governance concerns, sustainable finance will play a key role in the transition to a lower-carbon economy.  In addition to pricing…

As the global economy evolves to address environmental, social and governance concerns, sustainable finance will play a key role in the transition to a lower-carbon economy.  In addition to pricing the impact of carbon on their businesses, corporations will need taxonomies to describe and measure their actions and public companies will need to disclose to markets what they are doing to support these efforts.  This panel will focus on the principles governing the creation of these taxonomies and current efforts here and abroad to enhance public company disclosure of sustainable finance initiatives.  Finally, the panel will discuss how these developments lay an important foundation for banks in the integration of climate metrics into risk management frameworks to assist in meeting sustainability goals and objectives.

Participants

Melissa MacGregor, Betty M. Huber, Elizabeth Kent, Billy Suid, Kristina Wyatt

Moderator

Melissa MacGregor

Managing Director and Associate General Counsel

SIFMA

Melissa MacGregor’s Biography

Panelists

Betty M. Huber

Co-Head of ESG Group

Davis Polk & Wardwell LLP

Betty M. Huber’s Biography

Elizabeth Kent

Managing Director

BlackRock

Elizabeth Kent’s Biography

Billy Suid

Head of Climate Risk

Barclays

Billy Suid’s Biography

Kristina Wyatt

Sr. Counsel for Climate and ESG

U.S. Securities and Exchange Commission

Kristina Wyatt’s Biography

2:55pm – 3:05pm

Break

3:05pm – 3:35pm

Participants

Greg Baer, Randal K. Quarles

Moderator

Greg Baer

President and CEO

Bank Policy Institute

Greg Baer’s Biography

Speaker

Randal K. Quarles

Vice Chair for Supervision

Federal Reserve

Chair

Financial Stability Board

Randal K. Quarles’s Biography

Venue

Virtual Gathering


Webinars, Webcasts, Virtual

Join us online for live and on-demand sessions! Participation instructions will be sent in advance of the event.

Picture of venue

Accreditation

CLE Credits

SIFMA has been certified by the New York State Continuing Legal Education Board as an Accredited Provider of continuing legal education in the State of New York. Parts of this program will be available for CLE credits – credit is pending. Fee reduction may be available for qualified registrants.

CLE Credit

Media

Media Inquiries
Contact Lindsay Gilbride (SIFMA) at 202.962.7390 | Sean Oblack (BPI) at 202.649.4629.

Media Registration
Contact Evan Grogan at 212.313.1134.

Policy
View SIFMA’s official press policy.

Terms and Conditions

Code of Conduct

SIFMA meetings and events are intended to educate and engage our members and industry participants in thoughtful conversations. Inappropriate behavior will not be tolerated. View our Code of Conduct and anonymous incident report form.

Cancellations and Substitutions

Cancellation within 48 hours of the virtual event will be subject to a $25 cancellation fee. No substitutions or transfers will be accepted.