Committee - Government Affairs
Upcoming Events
Upcoming Meeting To be announced. Goals and Objectives The Government Affairs Committee was established this year to bring Washington delegates to New York to provide insight on important government issues as they relate to financial and economic development. Accomplishments/Highlights (2008-2009) Regulate or Innovate, the New Paradigm ( Mar 31, 2009) The financial sector has historically accounted for over 25% of profits in corporate America, but now the sector is significantly weakened. With this current financial crisis, we learned that many financial firms were operating with a high degree of leverage and lack of regulatory oversight. To address some of the deficiencies in the current system, this event explored what changes should be made to our regulatory framework in the future. Those who attended this sold-out event listened to an informative and frank discussion on the role of regulation, factors that led to failures of regulatory oversight and whether our watchdog agencies did an adequate job. Also addressed was the concern could have financial firms done more to regulate themselves. And, as we look towards this new way forward, career opportunities resulting from this new paradigm were explored. Our distinguished panel members assembled to help us comprehend the current landscape and answer our questions were: Karen Elinski, Vice President & Associate General Counsel, State Government Relations, TIAA-CREF; Richard Sylla, Henry Kaufman professor of the History of Financial Institutions and Markets and Professor of Economics at the Stern School of Business, New York University; and Laura Unger, director of AMBAC Financial Group. Patti Domm, CNBC Executive Editor, News, moderated this event. This event was hosted by TIAA-CREF. Job Opportunities in Compliance, Regulation and Fraud Prevention (Feb 23, 2009) The dramatic changes in the financial markets and the changing landscape on Wall Street and in Washington are creating compliance challenges for financial firms. Although it's uncertain what the new regulatory framework will look like, there's no doubt that regulation will expand its reach into all aspects of the financial markets. This financial fall-out has opened the eyes of investors and businesses to the need to proactively monitor for fraud. No one knows what's going to happen next, but it does appear that there will be more jobs in compliance, regulation, and fraud detection for finance professionals in 2009 and beyond. This sold-out event explored not only opportunities for current jobs in the market but what future jobs will look like and the skills needed for each as well as transferable skills that entrepreneurs could advantage for themselves in future business opportunities in the compliance area. Our panelists were: Robert Bohrer Director, Compliance Citigroup’s Global Wealth Management; Julia Hollander Campbell, Executive Vice President and Managing Principal of Corporate Security Resources, Inc.; and Seth Alter, Director, Alix Partners LLP. Irena Gecas-McCarthy, Principle Deloitte & Touche LLP Financial Services Regulatory & Capital Markets Consulting Practice, was moderator. This event was underwritten by Deloitte & Touche LLP. Special Thanks We want to thank Kristin McDonough, FWA president, for her direction, enthusiasm and encouragement. We greatly appreciate the support of our corporate sponsors. And as always, the FWA office was invaluable in helping the programs run smoothly. We want to say a special thank you to our valued committee members for their enthusiastic and dedicated support: Ariadna Adjiashvili, Karen Elinski, Gerri Facchine, Larry Goldfarb, Tisha Jackson, Riva Kinstlick, Danna Lennon, Suzanne Matthews, Maria Minguez, Andrea Neumann, Kathryn Reichert, Debra Saunders and Radhika Zope. |
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April 19, 2011