NEW YORK, March 28, 2013: New York State Department of Financial Services Superintendent Benjamin M. Lawsky will deliver the Thirteenth Annual A.A. Sommer, Jr. Lecture on Corporate, Securities & Financial Law on Thursday, April 18, 2013. The lecture, entitled "Regulating in an Evolving Financial Landscape", is hosted by the Fordham Corporate Law Center. Morgan, Lewis & Bockius LLP is the proud sponsor of the A.A. Sommer Lecture series.
Superintendent Lawsky was unanimously confirmed in May 2011 by the New York State Legislature as the state's inaugural Superintendent of Financial Services and is the first to lead the New York State Department of Financial Services, created in October 2011 as a result of the consolidation of the New York State Banking Department and New York State Insurance Department. Superintendent Lawsky supervises all insurance companies in New York, all New York-chartered depository institutions, and the majority of United States-based branches and agencies of foreign banking. He also regulates New York State's mortgage brokers, mortgage bankers, check cashers, money transmitters and similar providers of financial services. The state's Financial Services Department oversees approximately 4,400 entities with assets of more than $6 trillion.
Superintendent Lawsky's relatively short time leading the newly created financial regulator has been marked by a multitude of notable achievements including reaching groundbreaking agreements with mortgage servicing companies providing for new practices designed to protect homeowners and end abuses such as robo-signing; the launch of an investigation of force-placed insurance policies placed on properties at risk of foreclosure; and the notification to all debt collectors that payday loans are illegal in New York State, an action widely praised by local legal organizations.
The annual A.A. Sommer, Jr. Lecture, established in 2000 by Morgan, Lewis & Bockius LLP, is one of Fordham Corporate Law Center's most significant and influential programs. This lecture series provides a forum for leading regulators and policy-makers to share with Fordham University School of Law's students and faculty and the business community insights into critical problems confronting global financial markets.
The lecture is free and open to the public. A reception in the Law School's Platt Atrium will immediately follow the lecture. Register for the event.
Additional Event Information
Time: 6:30 p.m. to 8:00 p.m.
Location: Lincoln Center Campus, Fordham University School of Law, 140 West 62nd Street, New York, NY, James B.M. McNally Amphitheatre (Lecture); Platt Atrium (Reception)