Joseph Baressi, Financial Services Project Leader, Federal Reserve Board
Janice Havins, Vice President – Assistant General Counsel, JPMorgan Chase & Company
Elissa Reynolds, Senior Vice President, Operations Manager, Bankers’ Bank Northeast
Moderator: Angie Smith, Senior Manager, Education Services, Viewpointe

In March 2011, the Federal Reserve Board requested public comment on proposed amendments to Regulation CC (Availability of Funds and Collection of Checks). When the comment period closed three months later, the Federal Reserve Board had received more than 80 comment letters from national and local banking and credit union associations, financial institutions, and other industry influencers, highlighting the needs and concerns of different segments of the financial industry. This session will provide insight into the lively and differing perspectives surrounding several proposed amendments and offer a front-row seat to engage in the dialogue surrounding regulatory change. It will include:

• An overview of the changes proposed plus the current status of Reg CC provided by a representative from the Federal Reserve Board
• A moderated discussion among financial institution representatives who will share their views on the most controversial issues included in the request for comment, addressing topics such as same-day settlement, large-dollar return item notifications and more
• Next steps toward resolution and implementation of changes to Reg CC