37 episodes
RegFi Podcast Orrick
-
- Business
Financial regulation will change more over the next decade than it has in the last 50 years. How will technological innovation – including the adoption of machine learning, generative AI, digital currencies, and other fintech solutions – shape financial regulation for the digital economy? Orrick’s Jerry Buckley is joined by Sasha Leonhardt, Sherry Safchuk, and Caroline Stapleton in hosting conversations with leading thinkers at the forefront of these changes, including regulators, legislators, financial services providers, data scientists, academics, opinion makers, consumer advocates and other market participants.
-
Adapting to Change: Fintech's Public Policy Environment
Kate Flocken, a principal at FS Vector, joins RegFi co-hosts Jerry Buckley and Sasha Leonhardt to discuss the increased scrutiny from Congress and regulatory bodies in response to the rapid growth of fintechs, from niche startups to major industry players. Kate highlights the challenges new fintech entrants encounter, the importance of proactive engagement with regulators, and the evolving role of innovation offices within regulatory agencies.
The conversation also explores the complexities of legislative and regulatory processes, especially in a divided government, and the potential shifts in congressional financial services committee leadership based on upcoming election results.
Links:
FS Vector Orrick Financial & Fintech Advisory RegFiPodcast.com -
The Intersection of AI and Securities Regulation
This week, RegFi co-hosts Jerry Buckley and Sasha Leonhardt welcome Ignacio Sandoval, a partner at Orrick and former special counsel in the SEC's Office of Chief Counsel, to explore the timely and complex subject of artificial intelligence in the securities industry. Their conversation covers developments at the intersection of AI technology and securities regulation and offers valuable insights into current applications, regulatory challenges and future trends.
Links:
Orrick Financial & Fintech Advisory RegFiPodcast.com -
Meeting Compliance Challenges with AI-Powered Regtech Solutions
We have something a little different for this week’s episode. RegFi co-hosts Jerry Buckley and Caroline Stapleton recently joined the latest installment of the American Fintech Council’s Future of Finance Webinar Series. The session – Harnessing the Power of AI-Driven RegTech: Revolutionizing Regulatory Compliance – explores the increasing complexity of financial regulation and how AI-driven regtech solutions can help organizations develop accurate, efficient, and explainable compliance processes. The conversation includes insights from Ed Vincent (CEO, SRA Watchtower) as well as previous RegFi guests Chris Hilliard (COO, Winnow) and Nat Hoopes (VP, Head of Public Policy & Regulatory Affairs, Upstart Network).
Links
American Fintech Council (AFC) AFC “Future of Finance Webinar” Series SRA Watchtower Upstart Network Winnow Orrick Financial & Fintech Advisory RegFiPodcast.com -
Bank Partnerships and the Implications of DIDMCA Opt Outs
Not all of our listeners will be familiar with the Depository Institutions Deregulation and Monetary Control Act of 1980, but pending litigation on state DIDMCA opt outs could upend the bank partnership models employed by many fintechs. RegFi co-hosts Jerry Buckley and Sasha Leonhardt welcome Orrick partner James McGuire for an overview of DIDMCA’s interest rate exportation rules for state-chartered financial institutions and the lawsuit filed by industry groups in response to Colorado’s recent opt-out legislation. The conversation explores the critical balance between state regulations and national lending practices, including the potential implications to traditional banking, fintech innovation and consumer access to credit.
Links:
Orrick Financial & Fintech Advisory RegFiPodcast.com -
Gene Ludwig on Transforming Financial Regulation for Shared Economic Prosperity
RegFi co-hosts Jerry Buckley and Caroline Stapleton welcome Eugene Ludwig to discuss the decline in economic opportunities for middle- and low-income Americans. Gene, former Comptroller of the Currency and founder of Promontory Financial Group, shares insights from his book The Vanishing American Dream and the work of the Ludwig Institute for Shared Economic Prosperity to develop better statistical indicators for reporting economic conditions.
The conversation explores regulatory, technological, and policy solutions to improve economic prospects for working-class Americans, emphasizing the role of the private sector in creating living wage jobs and proposing financial regulation reforms to foster innovation and consumer empowerment while ensuring safety and soundness.
Links:
Ludwig Institute for Shared Economic Prosperity The Vanishing American Dream: A Frank Look at the Economic Realities Facing Middle- and Lower-Income Americans Orrick Financial & Fintech Advisory RegFiPodcast.com -
Hurdles to Innovation at Financial Regulatory Agencies
RegFi co-hosts Jerry Buckley and Sasha Leonhardt in 2020 collaborated with the Alliance for Innovation and Regulation (AIR) to author a report titled “Financial Regulators’ Dilemma: Administrative and Regulatory Hurdles to Innovation.” The report — based in large part on interviews with heads of innovation at the principal federal financial regulatory agencies — outlines technological, structural and cultural impediments to regulatory innovation.
In this episode, Jerry and Sasha provide an overview of their research and the report’s key findings. The conversation then zooms out to consider how technological developments in recent years have confirmed — or challenged — some of these conclusions, as well as administrative and legislative efforts to spur innovation at federal financial regulators.
Links:
Financial Regulators’ Dilemma: Administrative and Regulatory Hurdles to Innovation Alliance for Innovation and Regulation (AIR) Orrick Financial & Fintech Advisory RegFiPodcast.com