Companies operating in the FinTech space have challenged policymakers to reflect on the most appropriate regulatory framework that encourages the growth of innovative technologies yet addresses important public policy considerations. Panelists will discuss the U.S. approach to FinTech regulation with an emphasis on recent developments, including the July 2018 announcement from the Office of the Comptroller of the Currency the it will begin accepting applications from FinTech companies for its special-purpose national bank charter and the U.S. Department of the Treasury report on nonbank financials, FinTech, and innovation. Join attorneys Khalil Maalouf, Lindsey Randall, and Kelvina Smith as they address these exciting regulatory matters.
Khalil Maalouf is active in the areas of banking regulation, supervision and enforcement and has represented clients on complex cross-border compliance and enforcement matters, including the resolution of administrative and enforcement proceedings involving federal and state regulatory agencies and prosecutors. Mr. Maalouf has represented clients on matters relating to mergers and acquisitions, bank formations, private equity investments, regulatory capital, FDIC receivership, activity restrictions and other federal and state regulatory issues involving financial institutions. Moreover, he has counseled clients on the implementation of the Dodd-Frank Act and on capital and liquidity support programs, including those established pursuant to the Emergency Economic Stabilization Act of 2008. He also has represented clients on cross-border anti-money laundering, economic sanctions, banking secrecy and data protection compliance matters. Before attending law school, Mr. Maalouf was awarded a Fulbright Fellowship and studied at the EBS Universität für Wirtschaft und Recht located outside Frankfurt, Germany. In law school, Mr. Maalouf received the 2006 Dykema Scholarship Award for significant contributions to the Michigan Law Review and the 2007 Eric Stein Award given to the author of the best student contribution to each volume of the Michigan Journal of International Law.
Kelvina Smith primarily advises clients on economic sanctions and anti-money laundering matters in connection with various corporate transactions, including mergers and acquisitions, public and private financings, cross-border internal investigations and other enforcement matters, and the development and implementation of internal compliance programs.
Ms. Smith’s clients include global financial institutions, money service businesses, and other non-bank financial institutions and multinational companies. Ms. Smith has significant experience representing investment banks, commercial banks and other financial institutions as agents and lenders, as well as corporations, strategic investors, and sponsors as borrowers, in connection with various financing transactions. Examples of transactions have included secured and unsecured financings, acquisition financings, asset-backed loans, bridge loans, subscription facilities, debtor-in-possession financings, “exit” financings and other types of complex and traditional financings.
Prior to law school, Ms. Smith worked as a commercial real estate credit analyst with SunTrust Bank. She joined Skadden in 2003.
Lindsey Randall is an associate in Skadden’s Financial Institutions Regulation and Enforcement Group. Her practice is focused on regulatory applications, investigations and enforcement matters affecting banks and other regulated financial institutions.
Ms. Randall regularly counsels banks, thrifts, and holding companies with respect to compliance with U.S. banking laws such as the Dodd-Frank Act and U.S. economic sanctions and anti-money laundering laws and has worked with global financial institutions to design and implement compliance programs. Ms. Randall has represented several major European institutions in multijurisdictional criminal and civil investigations into their compliance with U.S. sanctions laws. Ms. Randall has also provided advice on cross-border transactions and secured regulatory licenses when needed.
Excellent overview of complex fragmented regulatory framework.