On December 2, 2016, Comptroller of the Currency Thomas J. Curry discussed the possibility of granting national bank charters to financial technology companies during an event hosted by Georgetown Law’s Institute of International Economic Law. The Comptroller shared his perspective on issues related to granting special purpose national bank charters to financial technology companies that provide bank services and products. The discussion continued work by the Office of the Comptroller of the Currency to support responsible innovation in the federal banking system to enhance safe and sound bank operations, increase financial inclusion, and promote fair treatment of customers.
Comptroller Curry’s Remarks here.
Event Video here.
Web Story: here.
9:30-10:00 a.m. – Registration & Coffee
10:00-10:15 a.m. – Welcome and Opening Remarks Dean William Treanor
Dean Treanor joined the Georgetown University Law Center in 2010 from Fordham Law School, where he had been dean of the law school since 2002 and Paul Fuller Professor. He had been on the Fordham faculty since 1991. From 1998-2001, Dean Treanor served as Deputy Assistant Attorney General in the Office of Legal Counsel, U.S. Department of Justice. From 1987-1990, he was associate counsel, Office of Independent Counsel, during the Iran/Contra investigation, and in 1990 he served as a special assistant U.S. attorney, Misdemeanor Trial Unit, Office of the U.S. Attorney for the District of Columbia. Dean Treanor was law clerk to the Honorable James L. Oakes, U.S. Court of Appeals for the Second Circuit, Brattleboro, Vermont. He has published widely, with a focus on constitutional law and legal history.
10:15-10:35 – Remarks by Comptroller of the Currency Thomas J. Curry
The Comptroller is the administrator of the federal banking system and chief officer of the Office of the Comptroller of the Currency (OCC), which supervises more than 1,400 national banks and federal savings associations and about 50 federal branches and agencies of foreign banks in the United States. The Comptroller also serves as director of the Federal Deposit Insurance Corporation (FDIC). Mr. Curry served as Chairman of the Federal Financial Institutions Examination Council (FFIEC) for a two-year term from April 2013 until April 2015, and most recently served as Chairman of the NeighborWorks America Board of Directors from March 2014 through June 2016. Before becoming Comptroller in 2012, Mr. Curry served as a FDIC director beginning in January 2004. Prior to joining the FDIC’s Board of Directors, he served five Massachusetts Governors as the Commonwealth’s Commissioner of Banks from 1990 to 1991, from 1995 to 2003, and Acting Commissioner from February 1994 to June 1995.
10:35-11:00 – A Conversation with Comptroller Curry and Dr. Chris Brummer
Chris Brummer is a professor of law and the faculty director of Georgetown’s Institute of International Economic Law. Prior to joining Georgetown’s faculty with tenure in 2009, Brummer was an assistant professor of law at Vanderbilt Law School. Professor Brummer recently concluded a three year term as a member of the National Adjudicatory Council of FINRA, an organization empowered by Congress to regulate the securities industry, where his work has been praised as making a significant contribution to advancing investor protection.
11:00-11:15 – Questions and Answers
11:15 – Event Conclusion
About the OCC:
The Office of the Comptroller of the Currency (“OCC”) charters and oversees a nationwide system of national banks and federal savings associations and assures that these banking institutions are safe and sound, competitive, and capable of serving the banking needs of their customers in the best possible manner. OCC press releases and other information are available at http://www.occ.gov. To receive OCC press releases and issuances by e-mail, subscribe at http://www.occ.gov/subscribe/occ-email-list-service.html.
About the IIEL:
Georgetown Law is one of the world’s premier law schools with leading programs in several areas, including international, constitutional, tax and clinical law. IIEL is the focal point for the study of international economic law at Georgetown and is a thought leader in investment and financial regulation, tax, trade, business and monetary law. The Institute actively approaches these fields as interrelated and at times overlapping policy spheres that impact how law is devised, practiced and enforced.
IIEL’s programs are geared toward both students and professionals alike. Students from around the world pursuing a degree at Georgetown Law are invited to enroll in IIEL’s International Economic Law & Policy Colloquium and multiple IIEL faculty led courses; to pursue a Certificate in WTO Studies; or to answer legal questions related to international economic law in service of a real client, as part of the International Economic Law Practicum. Students and Visiting Researchers may apply to be an IIEL Fellow and participate in invitation-only policy discussions. Practitioners are invited to expand their knowledge and network by attending one of IIEL’s many conferences, special events or Executive Education programs.
This article originally appeared in http://iielaw.org/
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