News Release 1995-70 | July 3, 1995

OCC Sponsors Conference on Foreign Banks in the U.S.

The Office of the Comptroller of the Currency (OCC) today announced it will host a conference on issues facing foreign banks in the United States, on July 13, 1995, from 8:00 a.m. to 6:00 p.m. The conference will be held at the Hyatt Regency-Capitol Hill, 400 New Jersey Avenue, N.W., Washington, D.C.

Comptroller Eugene A. Ludwig will participate in the conference, along with speakers from the foreign banking community, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the State of New York Banking Department and Congressional staff. William McDonough, President of the Federal Reserve Bank of New York, will deliver the keynote address.

This conference is the third in a series of forums on critical banking policy issues sponsored by the OCC's Office of Economic Analysis and Public Affairs, Bank Research Division. Earlier seminars were on Banking, Financial Markets and Systemic Risk and Small Business Lending.

Reporters may register in advance for the seminar by calling the OCC Press Relations Division at (202) 874-5770. The conference agenda is attached.

Conference Agenda

8:00	Registration
8:30	Continental Breakfast
9:00	Introductory Remarks: Eugene A. Ludwig Comptroller of the Currency
9:15	Keynote Address: William J. McDonough, President Federal Reserve Bank of New York
9:45	Session I: The Role and Performance of Foreign Banks in the United States Moderators: Susan F. Krause Deputy Comptroller, Bank Supervision Policy, OCC Causes of Low Profitability in Foreign-Owned U.S. Banks Robert DeYoung and Daniel E. Nolle Senior Financial Economists, OCC Loan Market Competition Between Foreign and U.S. Banks Mark Carey Economist Board of Governors of the Federal Reserve System Discussant: Harry Hassanwalia Assistant Chief Economist Royal Bank of Canada
11:00	Break
11:15	Session II: Supervision of Foreign Banks in the United States Moderator: John Rolls, President Deutsche Bank North America Panelists: William A. Ryback, Associate Director Banking Supervision and Regulation Board of Governors of the Federal Reserve System Robert H. McCormick, Deputy Superintendent of Banks, Foreign Commercial Banks Division State of New York Banking Department Charles V. Collier, Assistant Director Division of Supervision, Federal Deposit Insurance Corporation Jon K. Hartzell, Deputy Comptroller International Banking and Finance Office of the Comptroller of the Currency
12:30	Lunch
1:45	Session III: The Legal and Regulatory Framework for Foreign Banks Moderator: Julie L. Williams, Chief Counsel Office of the Comptroller of the Currency The U.S. Regulatory Regime: A Foreign Bank's Perspective Matthew King, Legal Advisor (Americas) HSBC Holdings, Inc. Operating Under Foreign Regulatory Regimes: A U.S. Bank's View Jack Roche, Executive Vice President and General Counsel, Citibank, N.A. The Debanking Alternative Rodgin Cohen, Partner Sullivan & Cromwell
3:15	Break
3:30	Session IV: Opportunities and Challenges Facing Foreign Banks in the U.S. Moderator: Eugene A. Ludwig Comptroller of the Currency Panelists: Susan M. Phillips, Board Member Board of Governors of the Federal Reserve System Richard S. Carnell, Assistant Secretary for Financial Institutions Department of Treasury John Tugwelll, Chairman of the Board National Westminster Bancorp, Inc. Robert J. Giuffra, Jr., Chief Counsel Senate Banking Committee
5:00	Reception

Media Contact

Public Affairs
(202) 649-6870

Topic(s):

International Banking