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Delving Into the New Wave of Consolidation and the Merging of Business Cultures: How to Cope with the Changes (Forum on Regulatory Compliance & Risk Management for Financial Services, New York, May 2011)

Date: 05/06/2011
Professional: Terry Hall
Conference: Forum on Regulatory Compliance & Risk Management for Financial Services
Organizer: American Conference Institute
City: New York, NY

On May 6, 2011, Terry Hall will be speaking at a session entitled, "Delving Into the New Wave of Consolidation and the Merging of Business Cultures: How to Cope with the Changes," during The American Conference Institute's forum on Regulatory Compliance & Risk Management for Financial Services.

Dodd-Frank measures are adding heavy regulatory burden and compliance costs to banks and in turn are reducing revenue for them — making it more difficult for certain banks to continue operating. It will be very difficult for the smaller institutions to make the kind of adjustments to their cost and revenue structure that some of the bigger banks will make. Selling companies (often community banks and regional banks) are more willing then ever to talk to potential buyers due to Dodd-Frank burdens.

This session will focus on:
• Unintentional consequence of more business being done by big banks and away from smaller banks
• New wave of bank consolidation
• Dealing with compliance issues when two different business cultures are merged
• Pros and cons of outsourcing

Please click to learn more about the forum.

Terry is a partner in the Financial Services Group. His practice emphasizes regulatory and transactional matters involving financial service providers and other businesses.