Maureen A. Young, Partner, Bingham McCutchen LLP, to Speak at KC’s Event on Safety & Soundness Exams on 3/5/2009
New York, NY, February 04, 2009 --(PR.com)-- The Knowledge Congress, the leading producer of regulatory focused webcasts announced today that Maureen A. Young, Esq., Partner, Financial Institutions Corporate and Regulatory Group, Co-Chair, Privacy and Security Group of Bingham McCutchen LLP will speak at the Knowledge Congress’ upcoming webcast entitled: “Safety & Soundness Exams - A Conservative Approach for Banks”. This 2-hour event is scheduled on March 5th, 2009, Thursday, at 12:00 PM - 2:00 PM ET. (For further details of the event and an updated list of panelists, please visit: http://knowledgecongress.org/event_2008_safe.html)
Many banks have recently been experiencing tough and thorough safety and soundness exams while at the same time trying to cope with all the credit problems associated with a general economic downturn. Safety and soundness examiners are carefully reviewing commercial and residential real estate loans and in some cases, are demanding write downs and reclassifications of these types of loans particularly where there are no recent appraisals to support the value of the collateral. Examiners are also looking closely at brokered deposits and Federal Home Loan Bank advances and are being critical of high commercial real estate concentrations.
By taking this webcast, learn how to prepare for these conservative and challenging exams and what kinds of questions and requests for information that you will be asked for.
About Maureen A. Young
Maureen A. Young is a partner with Bingham McCutchen LLP, where she is a member of the Financial Institutions Corporate and Regulatory Group and the Commercial Technology Group and co-chair of Bingham’s Privacy and Security Group. Her practice focuses on corporate and regulatory matters involving financial institutions, including mergers, acquisitions, restructurings, technology and outsourcing deals, and other transactional matters; compliance and enforcement actions; charter strategy and regulatory approvals; and advice with new product offerings. She is an expert in USA Patriot Act/Bank Secrecy Act compliance matters, and regularly advises on transactions with affiliates, Regulation E, Fair Credit Reporting Act, OFAC, and Foreign Corrupt Practices Act issues, among other regulatory areas. She also regularly advises on compliance with federal and state privacy and data protection laws, e-commerce and cyberlaw issues, and is a frequent lecturer on privacy, information security, data protection and vendor management practices.
Ms. Young received her AB degree from Georgetown University and her MA, PhD and JD degrees from the University of California at Berkeley. Ms. Young has served as chair of numerous banking and professional associations and is active with the California Bankers Association. She is currently an advisory member of the California State Bar Financial Institutions Committee and California State Bar Cyberspace Committee; Chair of the Financial Holding Company Subcommittee of the ABA Banking Law Committee; and a member of the BASF’s Corporate Law Department Executive Committee, among other professional affiliations.
About Bingham McCutchen LLP
With more than 1,000 lawyers in 13 offices spanning the United States and abroad, Bingham focuses on serving clients in high-stakes litigation, complex financing and financial regulatory issues, government affairs, and a wide variety of sophisticated corporate and technology matters.
For more information about Maureen A. Young and Bingham McCutchen LLP, please visit the website at http://www.bingham.com/.
About The Knowledge Congress
The Knowledge Congress is an organization that produces webcasts that examine regulatory changes across a variety of industries. “We bring together the world's leading authorities and industry participants through informative two-hour LIVE webcasts to study the impact of changing regulations.” To contact or to register for an event, please visit: www.knowledgecongress.org.
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Many banks have recently been experiencing tough and thorough safety and soundness exams while at the same time trying to cope with all the credit problems associated with a general economic downturn. Safety and soundness examiners are carefully reviewing commercial and residential real estate loans and in some cases, are demanding write downs and reclassifications of these types of loans particularly where there are no recent appraisals to support the value of the collateral. Examiners are also looking closely at brokered deposits and Federal Home Loan Bank advances and are being critical of high commercial real estate concentrations.
By taking this webcast, learn how to prepare for these conservative and challenging exams and what kinds of questions and requests for information that you will be asked for.
About Maureen A. Young
Maureen A. Young is a partner with Bingham McCutchen LLP, where she is a member of the Financial Institutions Corporate and Regulatory Group and the Commercial Technology Group and co-chair of Bingham’s Privacy and Security Group. Her practice focuses on corporate and regulatory matters involving financial institutions, including mergers, acquisitions, restructurings, technology and outsourcing deals, and other transactional matters; compliance and enforcement actions; charter strategy and regulatory approvals; and advice with new product offerings. She is an expert in USA Patriot Act/Bank Secrecy Act compliance matters, and regularly advises on transactions with affiliates, Regulation E, Fair Credit Reporting Act, OFAC, and Foreign Corrupt Practices Act issues, among other regulatory areas. She also regularly advises on compliance with federal and state privacy and data protection laws, e-commerce and cyberlaw issues, and is a frequent lecturer on privacy, information security, data protection and vendor management practices.
Ms. Young received her AB degree from Georgetown University and her MA, PhD and JD degrees from the University of California at Berkeley. Ms. Young has served as chair of numerous banking and professional associations and is active with the California Bankers Association. She is currently an advisory member of the California State Bar Financial Institutions Committee and California State Bar Cyberspace Committee; Chair of the Financial Holding Company Subcommittee of the ABA Banking Law Committee; and a member of the BASF’s Corporate Law Department Executive Committee, among other professional affiliations.
About Bingham McCutchen LLP
With more than 1,000 lawyers in 13 offices spanning the United States and abroad, Bingham focuses on serving clients in high-stakes litigation, complex financing and financial regulatory issues, government affairs, and a wide variety of sophisticated corporate and technology matters.
For more information about Maureen A. Young and Bingham McCutchen LLP, please visit the website at http://www.bingham.com/.
About The Knowledge Congress
The Knowledge Congress is an organization that produces webcasts that examine regulatory changes across a variety of industries. “We bring together the world's leading authorities and industry participants through informative two-hour LIVE webcasts to study the impact of changing regulations.” To contact or to register for an event, please visit: www.knowledgecongress.org.
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The Knowledge Congress
Thomas LaPointe, Jr., Executive Director
1.800.578.4370
www.knowledgecongress.org
Therese Lumbao, Director
Account Management & Member Services
tlumbao@knowledgecongress.org
Thomas LaPointe, Jr., Executive Director
1.800.578.4370
www.knowledgecongress.org
Therese Lumbao, Director
Account Management & Member Services
tlumbao@knowledgecongress.org
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