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TEXAS INTERNATIONAL LAW JOURNAL SYMPOSIUM 2013
The Nation State and Its Banks:
The International Regulation of Financial Institutions,
Financial Products and Sovereign Debt
Thursday February 7th
9:15am
Opening remarks from Dean Farnsworth
Panel 1: 9:30-10:45am, SIFIs and Derivatives
Moderator Henry Hu, University of Texas
Douglas Arner, University of Hong Kong
Eric Pan, Cardozo Law
Panel 2: 11am-12:15pm, Sovereign Debt
Moderator Jens Dammann, University of Texas
Anna Gelpern, American University
Christoph Paulus, Humbolt University Berlin
Lunch talk: 12:30pm, Banks and Systemic Risk: A Few Brief
Thoughts on Information
Henry Hu, University of Texas
Panel 3: 2-3:15pm, Derivatives and Sovereign Debt
Moderator Francis Gavin, University of Texas
Charles Mooney, Penn
Stephen Lubben, Seton Hall
Friday February 8th
Panel 4: 9:30-10:45am, SIFIs and the State,
Moderator Yanis Varoufakis, University of Texas
Jay Westbrook, University of Texas
Sean Hagan, General Counsel IMF
Christian Hofmann, Private Universität im Fürstentum
Liechtenstein
Panel 5: 11am-12:15pm, International Bank Regulation
Moderator James Galbraith, University of Texas
Adam Feibelman, Tulane University
Caroline Bradley, University of Miami
Lunch talk: 12:30pm, European Banking Union: Behind the Rhetoric
Yanis Varoufakis, University of Texas
Panel 6: 2-3:15pm, Enforcing Sovereign Debt
Moderator Christoph Paulus, Humbolt University Berlin
John Pottow, Michigan
Roundtable: 3:30-5pm, Praticioner Reactions
Moderator William Stutts, Baker Botts
Michael Krimminger, Cleary Gottlieb Steen & Hamilton
LLP
John Podvin, Haynes Boone
Richard Nun, Independent Advisor, Bank Regulation and
Supervision.
Symposium Participants
(by order of appearance)
Professor Douglas Arner, panelist
Douglas Arner is Professor and Head of the Department of Law at the
University of Hong Kong. Prior to his appointment as Head of
Department, he served as Director of the Asian Institute of International
Financial Law from 2006 to 2011. In addition, he is Co-Director of the
Duke University-HKU Asia-America Institute in Transnational Law, a
Senior Visiting Fellow of Melbourne Law School and a Visiting
Research Fellow of the University of New South Wales. Before joining
HKU in 2000, Douglas was the Sir John Lubbock Support Fund Fellow
at the Cente for Commercial Law Studies (CCLS) at Queen Mary, University of London,
and a consultant with the European Bank for Reconstruction and Development (EBRD).
Douglas specialises in economic and financial law, regulation and development. He
is author, co-author or editor of twelve books, including From Crisis to Crisis: The
Global Financial Crisis and Regulatory Failure (Kluwer 2011), Financial Stability,
Economic Growth and the Role of Law (Cambridge University Press 2007) and Financial
Markets in Hong Kong: Law and Practice (Oxford University Press 2006), and is author
or co-author of more than 100 articles, chapters and reports on related subjects.
Douglas is a member of the Hong Kong Financial Services Development Council.
He has served as a consultant with, among others, the World Bank, Asian Development
Bank, APEC, EBRD, and Development Bank of Southern Africa. He has lectured, coorganised conferences and seminars and been involved with financial sector reform
projects in over 20 economies in Africa, Asia and Europe, and has been a visiting
professor or fellow at the Universities of London, McGill, Melbourne, New South Wales,
Singapore and Zurich, as well as the Shanghai University of Finance and Economics and
Hong Kong Institute for Monetary Research.
At HKU, his course responsibilities include Regulation of Financial Markets, Law
of International Finance, International Securities Law, and International Economic Law.
In 2007, he received HKU’s Outstanding Young Researcher Award and served as
Convenor of HKU’s HKU’s Law, Policy and Development Strategic Research Theme
from 2008-2012. He is currently Project Coordinator of a major research project funded
by the Hong Kong Research Grants Council: “Enhancing Hong Kong’s Future as an
International Financial Centre”.
Douglas holds a BA from Drury College (where he studied literature, economics
and political science), a JD (cum laude) from Southern Methodist University, an LLM
(with distinction) in banking and finance law from the University of London (Queen
Mary College), and a PhD from the University of London.
Professor Eric Pan, panelist
Eric J. Pan is on leave as an Associate Professor of Law at the
Benjamin N. Cardozo School of Law in New York. His research focuses on
financial regulation, corporate law, securities law and international law.
Prof. Pan currently is serving as the Associate Director of the Office of
International Affairs of the U.S. Securities and Exchange Commission in Washington, DC
where he oversees the development of international regulatory policy for the Commission. He
is also a recipient of the SEC’s Law and Policy Award for his work on implementation of the
Dodd-Frank Act.
Before joining the SEC and while serving on the Cardozo faculty, Prof. Pan was the
Director of The Samuel and Ronnie Heyman Center on Corporate Governance. He also served
as an Associate Fellow in the International Economics and International Law Programmes of
the Royal Institute of International Affairs (Chatham House) in London and directed the
Chatham House City Series.
Prof. Pan previously practiced corporate, securities and international law in the
Washington, DC office of the international law firm Covington & Burling. Before joining
Covington, Prof. Pan was a Jean Monnet Lecturer in Law at Warwick University, England,
where he served as director of Warwick’s Programme in Law and Business, and a visiting
fellow in international law at Cambridge University, England. Prof. Pan is a member of The
American Law Institute, an editorial board member of the Journal of Regulation in Paris and an
advisory board member of the Centre for Financial Regulation and Economic Development in
Hong Kong. He received his J.D. from Harvard Law School, M.Sc. from the University of
Edinburgh, and A.B. from Harvard College.
Professor Henry Hu, moderator, lunch talk
Professor Henry T. C. Hu holds the Allan Shivers Chair in the Law
of Banking and Finance at the University of Texas Law School. He was
the inaugural Director of the SEC's Division of Risk, Strategy, and
Financial Innovation (2009-2011). The first new Division in 37 years,
"Risk Fin" was created to provide sophisticated, interdisciplinary
analysis across the entire spectrum of SEC activities, including
policymaking, rulemaking, enforcement, and examinations. Prof. Hu
teaches corporate law, modern finance and governance, and securities
regulation. He has also taught at Harvard Law School, where he was the Bruce W. Nichols
Visiting Professor of Law for the 1997-98 academic year. He has been chair of the Association
of American Law Schools' Business Associations Section and a member of the Legal Advisory
Board of the NASD (now FINRA), the NASD and NASDAQ Market Regulation Committees,
and the Board of Trustees of the Center for American and International Law. He is on the
Editorial Board of the Oxford University Press's Capital Markets Law Journal.
Professor Anna Gelpern, panelist
Anna Gelpern is a Professor of Law at American University Washington
College of Law. She has published articles on financial integration,
government debt, and regulation of financial institutions in law and social
science journals, and has co-authored a textbook on International Finance.
She has contributed to international initiatives on financial reform and
sovereign borrowing, most recently as part of the Second Warwick
Commission and as an expert for the United Nations Conference on Trade
and Development. Prof. Gelpern is a visiting fellow at the Peter G. Peterson Institute for
International Economics and a fellow at the George Washington University School of Law
Center for Law, Economics & Finance; she has held visiting appointments at the Georgetown
University Law Center and the University of Pennsylvania Law School, and a faculty
appointment at the Rutgers School of Law-Newark and the Rutgers University Division of
Global Affairs. She was an International Affairs Fellow at the Council on Foreign Relations,
served in legal and policy positions at the U.S. Treasury Department, and practiced with Cleary,
Gottlieb, Steen & Hamilton in New York and London. Prof. Gelpern earned an A.B. from
Princeton University, a J.D. from Harvard Law School, and a M.Sc. from the London School of
Economics and Political Science.
Professor Christoph G. Paulus, panelist
Christoph Paulus is professor of law at the Law School of the
Humboldt Universität zu Berlin, Germany, a position that he has held
since 1994. He wrote his Dissertation (Dr. iur.) and his Habilitation at the
University of Munich; and he earned an LL.M. from the University of
California at Berkeley in 1984. As a Feodor Lynen Fellow of the
Alexander v. Humboldt-Stiftung he had been at UC Berkeley in 1989
and 1990.
Since 1998, he has served several times as a Consultant to the
International Monetary Fund in Washington, D.C., thereby inter alia
preparing the IMF’s brochure on “Orderly & Effective Insolvency Procedures”. Additionally, in
2006, he has been appointed as a Consultant of World Bank in Washington, D.C., regarding
inter alia insolvency laws and legislation. From November 2006 through November 2011, he
served as Adviser of the German delegation for the UNCITRAL deliberations on group
insolvency law and further topics.
He is member (and currently one of the directors) of the International Insolvency
Institute, of the International Association of Procedural Law, of the American College of
Bankruptcy, of the International Academy of Commercial and Consumer Law and – as an
extraordinary member – of the Instituto Iberoamericano de Derecho Concursal.
He has held guest professorships i. a. in Paris (Panthéon-Assas) / France, Cape Town /
South Africa, Fukuoka / Japan, Brooklyn School of Law / USA, University of Sydney and
Tongji University in Shanghai / China. Since 2009, he is one of the directors of the Institut für
Interdisziplinäre Restrukturierung (Institute for interdisciplinary restructuring) at his university.
Professor Jens Dammann, moderator
Jens Dammann is the William Stamps Farish Professor in Law
at the University of Texas. He has also taught at various other
universities including the University of Chicago School of Law, the
Cornell Law School, and the Fundacao Getulio Vargas (Brazil). His
main areas of interest are corporate law, contracts, comparative, and
European law.
Charles Mooney, panelist
Charles W. Mooney, Jr. is the Charles A. Heimbold, Jr. Professor of Law at the University
of Pennsylvania Law School. He is a graduate of the University of Oklahoma (B.A. (high
honors) 1969) and the Harvard Law School (J.D. cum laude 1972). He was Visiting Professor
of Law at the Georgetown University Law Center for the Fall 1993 term, and was Visiting
Professor of Law at the University of Virginia School of Law for the Fall 2000 term. Prof.
Mooney served as Interim Dean (1999-2000) and
Associate Dean
for Academic Affairs (1998-2000; 2008-09) at the
University of
Pennsylvania Law School. He was Chair of the
University of
Pennsylvania Faculty Senate for the 2004-05
academic year.
Until 1986 Prof. Mooney was a partner of
Shearman
&
Sterling in New York City, where he specialized in
private
financing transactions and banking law. Prior to
1981,
Prof.
Mooney practiced law in Oklahoma City with the
firm of Crowe
& Dunlevy. Prof. Mooney is a nationally and
internationally
recognized scholar in the areas of commercial, debtor-creditor, and bankruptcy law. He is a
member of The American Law Institute, a fellow of the American College of Commercial
Finance Attorneys, and a fellow of The American College of Bankruptcy. He has served as a
Regent and currently serves as a Director of the American College of Bankruptcy. He has been
and continues to be involved in many law-reform efforts on the state, federal, and international
levels. He was a member of the Securities and Exchange Commission's Federal Advisory
Committee on Market Transactions (appointed by the S.E.C., 1991-1997), and was a coreporter for the Drafting Committee on the Revision of U.C.C. Article 9 (Secured
Transactions). Prof. Mooney also served as a United States Delegate and Position Coordinator,
International Institute for the Unification of Private International Law (UNIDROIT), Draft
Convention on Security Interests in International Mobile Equipment, and also served in those
capacities at the Diplomatic Conference in Cape Town, South Africa, that completed the Cape
Town Convention on International Interests in Mobile Equipment and the Protocol on Aircraft
Equipment. He also served as a member of the United States delegation for the UNIDROIT
(Geneva) Convention on Intermediated Securities at governmental experts meetings and at the
Diplomatic Conference in Geneva. He teaches in the areas of commercial, debtor-creditor,
bankruptcy, international business, and real property law and he is the author of books,
chapters, articles, and other materials in the commercial law field.
Professor Stephen J. Lubben, panelist
Stephen J. Lubben, holder of the Harvey Washington Wiley
Chair in Corporate Governance & Business Ethics at Seton Hall, is
an internationally recognized expert in the field of corporate
governance, corporate restructuring, financial distress and debt.
He is the author of a forthcoming textbook, to be published by
Aspen, on corporate finance, and a contributing author to the new
Bloomberg Law on Bankruptcy treatise. He is also the In Debt
columnist for the New York Times' Dealbook page.
Professor Lubben grew up in west Los Angeles and attended
the University of California, Irvine, where he majored in History and minored in Political
Science. Following graduation from law school, Prof. Lubben clerked for Justice John T.
Broderick, Jr. of the New Hampshire Supreme Court. He then practiced in the New York
and Los Angeles offices of Skadden, Arps, Slate, Meagher & Flom LLP, where he
represented parties in chapter 11 cases throughout the country.
Francis J. Gavin, moderator
A historian by training, Francis J. Gavin’s teaching and
research interests focus on U.S. foreign policy, global governance,
national security affairs, nuclear strategy and arms control,
presidential policymaking, and the history of international
monetary relations. Gavin is the Director of the Robert S. Strauss
Center for International Security and Law and the first Tom Slick
Professor of International Affairs at Lyndon B. Johnson School of
Public Affairs at the University of Texas at Austin. Gavin is a
member of the Council on Foreign Relations, the Society of Historians of American
Foreign Relations, the International Studies Association, the Council for European
Studies, and is an advisor to McKinsey & Company. He serves on the Academic
Advisory Board for America Abroad Media in Washington, DC and the Advisory Board
for the Center for International Business Education and Research at the University of
Texas.
Professor Jay Westbrook, panelist
Professor Jay Westbrook, Benno C. Schmidt Chair of Business Law at The
University of Texas School of Law, teaches and writes in
insolvency law, commercial law, and international business
litigation. He practiced in these areas as a partner in Surrey &
Morse (now part of Jones, Day) in Washington, D.C., before
joining the faculty in 1980. He has written a number of articles,
primarily
focused
on
empirical
research
and
international/comparative studies. He is co-author of A GLOBAL
VIEW OF BUSINESS INSOLVENCY SYSTEMS (Martinus
Nijhoff, 2010); THE LAW OF DEBTORS AND CREDITORS
(Aspen, 6th ed., 2009), AS WE FORGIVE OUR DEBTORS:
BANKRUPTCY AND CONSUMER CREDIT IN AMERICA
(Oxford, 1989),and THE FRAGILE MIDDLE CLASS (Yale,
2000). He has been Visiting Professor at Harvard Law School and the University of
London, and is a member of the American Law Institute, the National Bankruptcy
Conference, and the American College of Bankruptcy. He serves as a consultant to the
International Monetary Fund and the World Bank. He was the United States Reporter for
the ALI's Transnational Insolvency Project and co-head of the United States delegation to
the UN (UNCITRAL) Working Group on cross-border insolvency. He has been a director
of the International Insolvency Institute and President of the International Academy of
Commercial and Consumer Law. He has twice been named the Outstanding Teacher at
the Law School.
Sean Hagan, panelist
Sean Hagan is General Counsel and Director of the Legal
Department at the International Monetary Fund. In this capacity, Mr.
Hagan advises the Fund’s management, Executive
Board and
membership on all legal aspects of the Fund’s operations, including its
regulatory, advisory and lending functions. Mr. Hagan has published
extensively on the both the law of the Fund and a broad range of legal
issues relating to the prevention and resolution of financial crisis, with a
particular emphasis on insolvency and the restructuring of debt, including sovereign debt.
Prior to beginning work at the IMF, Mr. Hagan was in private practice, first in New
York and subsequently in Tokyo. Mr. Hagan received his Juris Doctor from the
Georgetown University Law Center and also received a Masters of Science in
International Economic Policy from the London School of Economics and Political
Science.
Professor Christian Hofmann, panelist
Professor Hofmann received his law degrees (J.D. equivalent, Dr. iur.
and post-doctorate) from German universities (Freiburg, HalleWittenberg and Berlin). He was a judicial clerk for two years and
interned for the European Commission. He lived in the US twice,
first as a visiting scholar and Humboldt Fellow at UC Berkeley
(Boalt Hall), then as a Global Research Fellow at NYU School of
Law. His main research interests are in Company and Banking Law,
fields in which he has published substantially.
Professor Yanis Varoufakis, moderator , lunch talk
Born in Athens, 1961, Varoufakis moved to England to read Mathematical
Economics (Essex), Mathematical Statistics (Birmingham) and to complete a PhD in
Economics (Essex). His academic appointments began at the
University of Essex and then took him to the Universities of
East Anglia, Cambridge, Glasgow, the Université Catholique de
Louvain and the University of Sydney – before returning to his
native Greece to take up an appointment at the University of
Athens as Professor of Economic Theory and director of the
Political Economy Program, as well as to found UADPhilEcon,
an international doctorate program in economics. He now holds
a Visiting Professorship at the Lyndon B. Johnson Graduate
School of Public Affairs of the University of Texas at Austin.
Since the Global and Euro Crises began in 2008, Varoufakis
has been an active participant in the debates occasioned by these events. Together with
Stuart Holland, he is the author of A Modest Proposal for Resolving the Euro Crisis
His books include: The Global Minotaur: The True Origins of the Financial Crisis
and the Future of the World Economy, London and New York: Zed Books, 2011 (Second
edition due in December 2012); Modern Political Economics: Making sense of the post2008 world, London and New York: Routledge, (with J. Halevi and N. Theocarakis)
2011; Game Theory: A Critical Text, London and New York: Routledge, (with S.
Hargreaves-Heap), 2004; Foundations of Economics: A beginner's companion, London
and New York: Routledge, 1998; and Rational Conflict, Oxford: Blackwell Publishers,
1991.
Professor Adam Feibelman, panelist
After graduating from law school, Professor Feibelman clerked for
Judge Gilbert S. Merritt of the US Court of Appeals for the Sixth
Circuit. He then served as a Bigelow Fellow at the University of
Chicago Law School before joining the faculty of the University of
Cincinnati College of Law. Prior to coming to Tulane, he was on the
faculty of the University of North Carolina School of Law. His
primary teaching and research interests include contracts, consumer financial
transactions, banking law, bankruptcy, law and development, and sovereign debt.
Professor Caroline Bradley, panelist
Caroline Bradley, Professor of Law, began her
academic
career in 1986, serving as a lecturer in law at the London
School
of
Economics and Political Science. She obtained her LL.M.
(first
class)
from Jesus College, Cambridge, in 1984, and qualified as
a
solicitor
before joining the LSE faculty. Prof. Bradley, who joined
the
Law
School faculty in 1992, has written widely on matters of
British
and
European financial law. At the University of Miami, she teaches courses in European
Community law, United States securities regulation, international finance and business
associations.
Professor John A.E. Pottow, panelist
John A. E. Pottow is an internationally recognized expert in the field
of bankruptcy and commercial law. His award-winning scholarship
concentrates on the issues involved in the regulation of cross-border
insolvencies as well as consumer financial distress. He has published in
prominent legal journals in the United States and Canada and testified
before Congress. An oft-invited lecturer, he has presented his works at
academic conferences around the world and frequently provides commentary for national
and international media outlets such as NPR, CNBC, CNN, C-SPAN, and the BBC.
Prof. Pottow joined the faculty in 2003. Prior to coming to Michigan, he worked at
several bankruptcy firms, including Weil, Gotshal and Manges of New York and the
former Hill & Barlow of Boston. His practice focused on debtor representation in
complex Chapter 11 restructurings. He was also an active litigator whose cases included
representing a gender-based asylum seeker from Afghanistan in U.S. Immigration Court
and a small bankruptcy party before the U.S. Supreme Court.
He holds an AB in psychology, summa cum laude, from Harvard College and a
JD, magna cum laude, from Harvard Law School, where he served as treasurer of
the Harvard Law Review. Prof. Pottow clerked for the Rt. Hon. Beverley McLachlin,
Chief Justice of Canada, and the Hon. Guido Calabresi, U.S. Court of Appeals for the
Second Circuit. He is licensed as a barrister and solicitor in Ontario and as an attorney in
Massachusetts. In 2005, he was presented the L. Hart Wright Award for Excellence in
Teaching. In 2010, he was elected a member of the International Insolvency Institute.
Michael Krimminger, roundtable participant
Michael H. Krimminger is a partner based in the Washington, D.C. office Cleary
Gottlieb Steen & Hamilton LLP.
Mr.
Krimminger’s
practice focuses on domestic and international
banking
and
financial institutions. In particular, he advises on
the challengers
and opportunities stemming from statutory and
regulatory
reforms in the United States and internationally,
as well as a
variety of restructuring and insolvency- related
matters.
Mr. Krimminger joined Cleary Gottlieb in
2012
after
serving for more than two decades in numerous
leadership
positions with the Federal Deposit Insurance
Corporation
(FDIC), including most recently as its General Counsel. As General Counsel, Mr.
Krimminger served as the principal legal and policy advisor to the Chairman and Board
of Directors regarding the legislative development and alter implementation of regulatory
and policy components of the Dodd-Frank Act, including its SIFI resolution, living wills,
capital markets and structured finance requirements. Mr. Krimminger also played a major
role in the FDIC and U.S. efforts to enhance resolution planning and cross-border
cooperation among G-20 countries. He was also responsible for all legal policy, litigation,
corporate issues, and operations for the 730 attorney and non-attorney members of the
Legal Division.
Prior to serving as General Counsel, Mr. Krimminger served as Special Advisor for
Policy to the Chairman and Deputy to the Chairman for Policy. He played a central role
in the FDIC’s response to the financial crisis and the development of Dodd-Frank Act
provisions addressing capital markets, capital requirements, creation of the Financial
Stability Oversight Council, living wills, enhanced prudential supervisions, risk retention,
resolution authority, and other provisions of the Act. He also directed the strategy
development, analysis and implementation of initiatives on corporate legal policy, capital
policy, systemic stabilization, SIFIs, domestic and international resolutions, mortgage
policy and housing finance, and derivatives, securitization, and other structured finance
transactions.
Mr Krimminger’s international experience including serving as the co-chair of the
Basel Committee’s Cross Border Resolutions Group and representing the FDIC on the
Financial Stability Board’s Resolution Steering Group and other bodies. He has played a
central role in bilateral and multilateral discussions with regulators around the world on
legal reform, resolution planning, capital and liquidity requirements, and strategies for
implementation of financial market reforms for derivatives and other financial market
contracts.
Mr. Krimminger received a J.D., with Distinction, from Duke University School of
Law in 1982, where he served on the Editorial Board of the Duke Law Journal. He
received an undergraduate degree, Phi Beta Kappa, from the University of North Carolina
in 1979. Mr. Krimminger is a member of the Bars in California, Virginia and the District
of Columbia.
John Podvin, roundtable participant
John Podvin, Of Counsel at the Dallas office of Haynes Boone, has more than 20
years of regulatory agency, law firm and corporate experience. He advises corporate
boards, board committees, and members of management on federal
and state banking laws and government investigations, and has served
as primary liaison to federal bank regulators. He led a team of
lawyers in summarizing the Dodd-Frank Wall Street Reform and
Consumer Protection Act and was invited to testify before the Texas
House of Representatives Pensions, Investments and Financial
Services Committee and the Texas Senate Business and Commerce
Committee concerning the implementation of the Act. Currently, he is advising clients on
the implementation of the Dodd-Frank Act.
During his corporate career with an NYSE-listed parent company to a $16 billion
bank, he advised the board and management on compliance with applicable law, with
specific emphasis on compliance management, government relations, fair lending, insider
lending, affiliate transactions, legal lending limits, privacy, ethics, and other regulatory
issues. In addition, in his role as deputy general counsel and chief compliance officer he
actively participated in the formulation and support of enterprise-wide policies and
strategic initiatives. He supervised and coordinated investigations triggered by consumer
complaints and calls to the ethics hotline required by Sarbanes-Oxley. He coordinated
and acted as primary liaison for all examinations with federal bank regulators. Finally, he
served as a member of the parent company's disclosure committee.
As an outside counsel, John has assisted financial institutions with regulatory
compliance, mergers and acquisitions, government investigations, enforcement actions
and litigation. He works closely with financial institutions in developing new products
and services, including electronic banking services, Internet services and other forms of
information technology.
Richard Nun, roundtable participant
Mr. Nun has almost 40 years’ experience as a senior bank regulator
and an international advisor/consultant for banking/financial sector
supervision and regulation. He has worked in all aspects of bank
regulation including licensing and regulation of financial institutions,
drafting and implementing legal frameworks and prudential
rules/policies, resolution and rehabilitation of troubled banks,
systemic banking issues, deposit protection and staff development.
Working both independently and as a member of multi-disciplinary
teams, he has advised banking authorities in numerous countries, assessing their
supervisory systems and legal frameworks, recommending strategies for attaining
international standards, and initiating practical solutions tailored to local circumstances.
He has lectured frequently at seminars and has conducted training for both senior level
officials and staff of sovereign regulatory agencies.
Mr. Nun holds a degree in mathematics and physics from Concordia University and
a degree from the American Bankers Association’s Stonier Graduate School of Banking
where his thesis “Bank Failures: the Management Factor” received highest honors.
William Stutts, roundtable moderator
Bill Stutts is a partner in Baker Botts L.L.P.
His
practice
involves the regulation of banks and other credit
institutions,
corporate insolvency and reorganization, and
derivatives. He
has re-roofed his own house.
He is member of the American Law Institute.
He works on
several committees and task forces of the American
Bar
Association, and served on the Texas Banking
Department's
Banking Code Revision Task Force and Interstate Branching Task Force. He is also an
adjunct professor at the University of Texas Law School, where he teaches regulation of
financial markets.
Mr. Stutts received his undergraduate degree at The University of Texas, where he
was a Junior Fellow, and his law degree from the University of Virginia. After graduation,
he clerked for Judge Homer Thornberry, Fifth Circuit Court of Appeals. His published
works include pieces on administrative procedure, bank regulation and resolution,
derivatives, foreign exchange, foreclosure, and loan documentation.
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