2017 Spring Banking Conference
/NYLIB held a Banking Conference on May 12, 2017 at the TKP New York Conference Center. The conference discussed important topics affecting community bankers in the tri-state area and featured multiple notable speakers including:
Meera Joshi, NYC Taxi & Limousine Commission Chairwoman. Ms. Joshi has been intimately involved in New York’s for-hire transportation services for over a decade, serving as General Counsel and Deputy Commissioner of Legal Affairs at the Commission prior to becoming its Chairwoman in 2014. Chairwoman Joshi discussed the current state of the New York taxi cab medallion market and its effect on community banking institutions, as well as potential efforts to improve the for-hire car industry in New York City.
Judy Selby, Senior Advisor at Hanover Stone Partners and former National Lead of Cyber Insurance & Data Privacy at BDO Consulting. Ms. Selby has been hailed as “one of the premier voices in legal technology” by Legaltech News, and consults with clients on cyber insurance, cybersecurity, information governance, data privacy and complex insurance matters. Ms. Selby presented on New York’s recently adopted cybersecurity regulation, Part 500, giving advice about how bankers might approach compliance with the rule, and manage risks related to the same.
Jeffrey Alberts, Partner and Co-Head of Pryor Cashman LLP’s Financial Institutions Group and former Assistant United States Attorney for the Southern District of New York. Mr. Alberts’ practice focuses on government investigations and related regulatory proceedings, asset-forfeiture litigation, victims’ rights representation, and complex civil and commercial litigation.
Asaad Faquir, Director of Compliance at RSK Compliance Solutions. Mr. Faquir has a wide range of experience in regulatory compliance, business process improvement, and risk management in the banking and finance industry, and is an active compliance educator and trainer through a variety of outlets, including the RSKonnect Webinar Series, BankWebinars.com, and Atlantic Community Bankers Bank (ACBB) “Compliance Anchor.”
Mr. Alberts and Mr. Faquir shared an in-depth look into New York’s recently adopted transaction monitoring and filtering regulation, Part 504, and set forth potential solutions for compliance with the regulation from both legal and compliance perspectives.
Prashant Nisar, Senior Manager in Grant Thornton’s New York Financial Services Audit Practice. Mr. Nisar has over 12 years of public accounting experience, and advises on a variety of topics including complex accounting, audit quality, internal control over financial reporting, and risk management. Mr. Nisar provided an update concerning emerging issues in FASB, AICPA, and GAAP accounting.
Senator Jesse Hamilton, New York State Senator and Chair of the Senate Banks Committee. Prior to his tenure as State Senator, Senator Hamilton spent 28 years with the New York City Department of Finance and served as Vice President of Community Board 8 in Crown Heights, Brooklyn for seven years. Senator Hamilton presented an overview of current banking-related legislative initiatives, and then opened himself up for questions from NYLIB’s members who were able to engage in dialogue with the Senator on important issues effecting New York’s community banks.
Thank you to BDO for sponsoring this event, as well as all those who spoke or were in attendance, for making NYLIB’s First Annual Conference a huge success!