  Monday, March 19, 2001 Welcome Remarks: 8:00 am - 8:15 am Opening Keynote Address: 8:15 am - 9:30 am "Living with Gramm-Leach-Bliley" G. Edward Montero Vice Chairman CITIBANK PRIVATE BANK New York, New York Mr. Montero will discuss the effect Gramm-Leach-Bliley has had on issues ranging from privacy provisions to permissible securities activities. In addition, he will focus specifically on the benefit the legislation brings to private families and individual investors. At a time when wealthy families are seeking to consolidate their activities through a single trusted advisor, the legislation enables families to do this both more effectively and economically. General Session: 9:45 am - 11:00 am "Legislative Update" Sarah Miller Senior Counsel AMERICAN BANKERS ASSOCIATION Washington, DC Legislative Update: Will the Presidential elections have an impact on the industry's legislative agenda? Will ERISA and tax issues continue to command Congressional attention this year? How are trust banks coping in the aftermath of passage of the Gramm -Leach-Bliley Act? Get the latest from Washington on what is affecting the trust and asset management industry. General Session: 11:15 am - 12:30 pm "Uniform Principal and Income Act/Uniform Prudent Investor Act" Dominic Campisi Partner EVANS, LATHAM, HARRIS, & CAMPISI San Francisco, California Success is as dangerous as failure in modern times. A trust which has several assets which have multiplied in value can be a surcharge issue if one fails to timely diversify out of the now-concentrated position. Modern portfolio damages authorized by the Third restatement of Trusts and the Prudent Investor Act can hammer a trust department for inattention to investment allocations. Class actions are burgeoning, as idle Tobacco lawyers look for new fields to conquer-a trivial mistake is no longer a small issue ...when there are a thousand accounts with the same error. The viral analysis of class actions shows that even small cases will give class action attorneys the files and opportunity to hammer a trustee for a variety of failings which would have been ignored as immaterial in most reviews. Luncheon Address "Risks in Rollover IRAs" 
Leon KumpeSenior Vice President and Regional Manager FIDELITY INVESTMENTS Dallas, Texas The growth of 401 k assets has been the leading factor in the growth of assets under management in the late 1980's and all of the 1990's. The decade of the 2000's will begin the change in focus from 401 k plans to IRA rollovers. The winners in IRA rollover assets will be those who figure out how to break down their internal silos to foster a cooperative effort to make this transfer of assets seamless to their customers and prospects. The keys of success will include risk management and compliance working with their respective business units to automate transfers of assets between their 401k recordkeeping processors, their brokerage systems and their trust accounting and/or high net worth systems. General Session: 1:30 pm - 3:45 pm "eRisk and CyberBanking" Norm Kelson MIS TRAINING INSTITUTE Framingham, Massachusetts Clifford Wilke Director of Bank Technology OFFICE OF THE COMPTROLLER OF THE CURRENCY Washington., DC The Internet has become more than an almanac, yellow pages, newspaper, and travel agency. It is now the trading floor for many business activities. But, all these transactions still use the same network as the informational activities. What are the vulnerabilities and what controls need to be in place to protect our business transactions from unauthorized access. This session will focus upon the key issues involving Internet-based commerce. General Session: 4:00 pm - 5:00 pm "Passion and Change" Dr. Denny Frederick FREDERICK AND ASSOCIATES Federal Way, Washington Change is constant and we can get tired of it, and hearing about it - but what is our deep, inner passion? What makes us excited and want to make a difference? In our session, we will explore:
"Operations Risk Management" Charles F. Bowman SVP & Principal Compliance Executive BANK OF AMERICA Charlotte, North Carolina Operational risk enters into the deliverance of all financial products and services and affects the ability to implement strategic decision, to support complex products and to respond to real time market changes. The challenge is to identify and assess it in advance in order to prevent or mitigate loss from the failures of processes, people or systems. So, what can we do about it? How should we try to measure, monitor, model or mitigate it? Can we get our arms around it in any meaningfully or comprehensive manner? These are some of the questions we will discuss as we look at operational risk management in today's financial services industry. General Session: 9:30 am - 10:45 am "Monitoring Internal and external Service Providers" Susan M. Walters Principal KRAEMER WALTERS, LLC Mill Valley, California As the trend towards outsourcing continues, effective management of service provider relationships, whether internal or external, is of increasing importance. This session will help you understand the wide spectrum of service provider relationships, the role of compliance and audit in managing those relationships, and regulatory expectations. The session will include a discussion of the critical elements of an effective oversight process and techniques for problem resolution to help you minimize the risk created by reliance on third parties performing on behalf of your institution. General Session: 11:00 am - 12:30 pm "SEC Overview" Gene Gohlke Inspections Office SECURITIES AND EXCHANGE COMMISSION Washington, DC Investment advisers have been one of the most lightly regulated of SEC registered entities. Since legislative changes (NSMIA) in 1996 and the formation of the SEC's adviser taskforce, many regulatory changes have been made and more are in process. Plan to attend this session to hear about and discuss these changes and how they will affect affiliates, subsidiaries and "separately identified departments or SIDS" of banks. Adjourn for Special Events: 12:30 pm |