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Washington, D.C. | Feb 8, 2024
Michael J. Hsu, Acting Comptroller of the Currency
Juliet M. Moringiello is the Associate Dean for Academic Affairs at Widener University Commonwealth Law School in Harrisburg, PA. She regularly teaches courses in Bankruptcy, Property, Sales, and Secured Transactions and teaches a seminar on Business Law and Emerging Technologies. Prof. Moringiello is an elected member of the American Law Institute, a fellow in the American College of Commercial Finance Lawyers, and a Uniform Law Commissioner for Pennsylvania. She was the Vice-Chair of the ALI/ULC Drafting Committee on the Uniform Commercial Code and Emerging Technologies and a member of the Permanent Editorial Board for the Uniform Commercial Code.
Prof. Moringiello served as Chair of the Pennsylvania Bar Association Business Law Section from 2017-2018. In her more than two decades of service to the Business Law Section she played a key role in the enactment in Pennsylvania of several revised articles of the Uniform Commercial Code and the Uniform Voidable Transactions Act. In 2021, the Pennsylvania Bar Association recognized her for this work with the W. Edward Sell Business Lawyer Award.
Prof. Moringiello’s research interests include a variety of topics at the intersection of commercial law and emerging technologies. She has written several law review articles about the movement of contracts to the electronic environment and the bankruptcy and commercial law treatment of digital assets. Her three most recent articles are Automating Repossession, published in the Nevada Law Journal, The Property Law of Tokens, published in the Florida Law Review (co-written with Christopher K. Odinet), and Blockchain Real Estate and NFTs (co-written with Christopher K. Odinet), published in the William & Mary Law Review. Prof. Moringiello is a three-time recipient of Widener’s Douglas E. Ray Excellence in Faculty Scholarship Award and a two-time recipient of the law school’s Outstanding Faculty Award.
Prof. Moringiello earned her BSFS from the Georgetown University Edmund A. Walsh School of Foreign Service, her JD from Fordham University School of Law, and her LLM from Temple University, where she served as an Abraham Freedman Teaching Fellow.
Edwin E. Smith is a partner in the New York City and Boston offices of Morgan, Lewis & Bockius LLP. He concentrates his practice in general commercial and insolvency law. He has been a member of the teaching faculty at the Morin Center for Banking Law Studies at Boston University Law School, where he has taught secured transactions and transnational lending and trade finance. He has also served as a lecturer on secured transactions at Northeastern University Law School of Law, Harvard Law School, and Suffolk Law School. As a Uniform Law Commissioner for the Commonwealth of Massachusetts, he has served as a member of the drafting committees for the 1995 revisions of Article 5 (letters of credit) and the 1999 revisions of Article 9 (secured transactions) of the Uniform Commercial Code (UCC) and as the chair of the drafting committees that formulated the 2002 amendments to Articles 3 (negotiable instruments) and 4 (bank deposits and collections) of the UCC; the 2010 amendments to Article 9 (secured transactions) of the UCC; the 2014 amendments to the Uniform Voidable Transactions Act (formerly the Uniform Fraudulent Transfer Act); and the 2018 Amendments to Articles 1, 3, 8 and 9 of the UCC to address electronic mortgage notes secured by residential real property and registered in a federal registry. He has also served on the drafting committees for the Uniform Certificate of Title Act (2005), the Uniform Assignment of Rents Act (2005), the Uniform Manufactured Housing Act (2012), the Uniform Limited Liability Company Protected Series Act (2017), the Uniform Regulation of Virtual-Currency Businesses Act (2017), the Uniform Supplemental Commercial Law for the Uniform Regulation of Virtual-Currency Businesses Act (2018), and the Uniform Special Deposits Act (2023).
Dr Andrea Tosato is an Associate Professor in Commercial Law at the School of Law of the University of Nottingham and a Visiting Associate Professor at the University of Pennsylvania Carey Law School.
Andrea is a leading private law scholar with internationally recognized expertise in the intersection between commercial law and new technologies. In the United States, he serves as the Associate Research Director of the Permanent Editorial Board of the Uniform Commercial Code; he is also the Chair of the Sub-Committee for UCC and Emerging Technologies of the American Bar Association Business Law Section. In the United Kingdom, he has advised the Law Commission of England & Wales. Internationally, he regularly serves as an expert advisor to the United Nations Commission on International Trade Laws (UNCITRAL) and the International Institute for the Unification of Private Law (UNIDROIT).
Andrea is currently engaged in several international legislative reform projects dealing with the impact of blockchain and other distributed ledger technologies on commercial law. In the United States, he was a key contributor to the ULC/ALI Uniform Commercial Code and Emerging Technologies Committee that drafted the 2022 Amendments to the Uniform Commercial Code and Article 12. He is also a member of the ULC Committee working on the enactment of these new laws across the United States. At Unidroit, he was a member of the Drafting Committee of Unidroit Working Group on Digital Assets and Private Law.
Andrea’s research has been published in leading law journals and has received international awards. His recent paper “The Private Law of Stablecoins” (with Kara Bruce and Christopher Odinet) was awarded the Grant Gilmore Award of the American College of Commercial Finance Lawyers in recognition of “superior writing in the field of commercial finance law.
As CEO of Chakra Advisors, Bob advises senior leaders at financial institutions, multilateral organizations, investment firms, payment networks, and FinTech companies about competitive, technological and regulatory forces shaping the financial system. Some clients that Bob has worked with recently include Alliance for Innovative Regulation (AIR), Ripple, USAID, Visa, and the World Bank along with numerous FinTech startups. His current research interests focus on the impact of new entrants to financial markets with an eye towards improving efficiency and financial inclusion while maintaining financial stability and resiliency including tokenization and nonbank platforms. Currently, he is exploring the impact of AI on financial markets. He also manages the Incumbents and Disruptors Blog focusing on the financial services industry.
Prior to his current role, Bob was the Chief Economist at the Clearing House (TCH) where he oversaw all quantitative studies for TCH members—24 large banks operating in the United States—analyzing proposed regulations to strengthen the financial system post crisis. Before joining TCH, Bob was a senior economist at the Chicago and Dallas Federal Reserve Banks focusing on financial market structure and competition. He has advised the Bank of Mexico, Bank of England, De Nederlandsche Bank (the Dutch central bank), and the IMF about financial markets. Bob has over 50 academic and industry publications. He received his doctorate in economics from Brown University and his bachelor of arts in economics and genetics from University of California, Berkeley.
Gordon Liao serves as the Chief Economist at Circle International Financial, a leading financial services firm building payment infrastructure for the internet. He is also a Research Fellow at the Cornell Fintech Initiative and a co-chair of the National Association for Business Economics Finance Roundtable. In addition, he advises Uniswap Labs, where he previously led research. Gordon’s experience spans the full spectrum of finance, from fixed income trading and portfolio management at the Harvard endowment to policy advising at the Federal Reserve Board of Governors to leading research and development in decentralized finance. His academic contributions have been published in respected journals such as the Review of Financial Studies and Journal of Financial Economics. His work has been featured in Bloomberg, WSJ, Barrons, PYMNTS, among others. Gordon holds a Ph.D. in Economics from Harvard University. He received his bachelor’s degree in applied mathematics from Harvard College.
Yukun Liu is the William H. Meckling Associate Professor of Finance at the Simon Business School, University of Rochester. His primary research fields are asset pricing, Fintech, machine learning, and labor. Prior to joining Simon, he received his doctorate in economics from Yale University and his bachelor’s degree in economics and mathematics from Cornell University.
Luke H. Brown has over 25 years of leadership and experience as a bank supervision and regulatory compliance professional.
As Associate Director for Supervisory Policy, Luke leads FDIC efforts to develop and implement sound compliance policy, including supervisory guidance and regulations, to help ensure the FDIC’s approximately 3,300 supervised institutions comply with federal consumer protection laws and regulations. In this role, he also directs initiatives designed to identify, understand, and raise awareness of emerging compliance risks associated with certain products and services offered and marketed by and through banks. Luke also serves as Vice Chair and the FDIC’s voting member on the Federal Financial Institutions Examination Council’s (FFIEC) Appraisal Subcommittee, and the FDIC’s representative to the FFIEC Consumer Compliance Task Force, for which he has been a two-time chairman. He has also been Acting Senior Deputy Director for Consumer Compliance Examinations and CRA and Enforcement, overseeing the FDIC’s nationwide consumer compliance supervision program, whose staff evaluate FDIC-supervised institutions for adherence to consumer protection laws and regulations.
Before joining the FDIC in 2008, Luke served as Director of Regulatory Reporting at Fannie Mae, where he managed activities for facilitating compliance with safety and soundness examination and affordable housing mission supervisory requirements. He also served as Special Assistant to the Deputy General Counsel and an enforcement attorney at the U.S. Department of Housing and Urban Development.
Luke received a J.D. from The George Washington University Law School and a B.A. from St. Bonaventure University.
Sonja Danburg is a Deputy Associate Director at the Federal Reserve Board. She has responsibility for two groups working on the future of money and payments – the Digital Innovations Policy Program and the Technology Lab. Before joining the Digital Innovations Policy and Research leadership team she established the U.S. currency education program at the Board and has previous experience in the non-profit and start-up sectors. She holds a Master’s degree from Harvard University and an undergraduate degree from Rice University.
Jorge Herrada is the director of the Commodity Futures Trading Commission’s Office of Technology Innovation (the successor to CFTC’s LabCFTC). OTI serves as the CFTC’s financial technology innovation hub, driving change and enhancing knowledge through innovation, consulting / collaboration, and education (ICE). Jorge completed a one-and-a-half-year detail as the Senior Technology Advisor to the TechLab at the Federal Reserve Board, where he helped to guide the vision and experiments regarding Central Bank Digital Currency (CBDC). Prior to joining the Federal Reserve Board, Jorge served for four years as the Senior Technology Advisor for LabCFTC, where he focused on innovation, advanced technology, analytics, finance, Distributed Ledger Technology (DLT), and cryptocurrencies. He led the CFTC Technology Advisory Committee’s Virtual Currencies Subcommittee, the DLT Subcommittee, and the High-Frequency Subcommittee. Prior to joining the CFTC, Mr. Herrada served as a Senior Principal at American Management Systems (AMS—now CGI). At AMS, he was a systems architect and software engineer. Jorge earned an MBA at the University of Chicago, an MSc at the London School of Economics, and a BS at Shippensburg University of Pennsylvania.
Donna M. Murphy is the Deputy Comptroller for Compliance Risk Policy and the Acting Deputy Comptroller for the Office of Financial Technology at the Office of the Comptroller of the Currency (OCC). In her role as Deputy Comptroller for Compliance Risk Policy, Ms. Murphy oversees development of policy and examination procedures relating to consumer compliance, fair lending, Community Reinvestment Act (CRA), Bank Secrecy Act, and anti-money laundering issues. She serves as a key advisor to the Committee on Bank Supervision and to the Comptroller on compliance and CRA matters. She took on this role in May 2016. In her role as Acting Deputy Comptroller for the Office of Financial Technology, Ms. Murphy provides oversight for the office responsible for the analysis and evaluation of financial technology innovations, trends, emerging risks, and potential implications for OCC supervision and OCC-supervised banks. She assumed these responsibilities in September 2023. Ms. Murphy previously served as the Director of the Community and Consumer Law Division and oversaw the legal department that provides legal interpretations and advice to OCC policymakers, managers, and examiners on consumer compliance and fair lending laws. Prior to joining the OCC in March 2013, Ms. Murphy served in the Civil Rights Division of the U.S. Department of Justice as a Deputy Chief in the Housing and Civil Enforcement Section, the Special Litigation Section, and the Voting Section. Before joining the Justice Department, Ms. Murphy served as a law clerk for the Honorable Myron H. Thompson, U.S. District Judge in Montgomery, Alabama. Ms. Murphy received her law degree from Yale Law School, and is a summa cum laude graduate of the American University in Washington, D.C.
Valerie A. Szczepanik is the Director of the Strategic Hub for Innovation and Financial Technology (FinHub) Office at the U.S. Securities and Exchange Commission (SEC). Before that, she was the Senior Advisor for Digital Assets and Innovation and an Associate Director in the SEC’s Division of Corporation Finance. She also served as Assistant Director in the SEC Division of Enforcement’s Cyber Unit. Ms. Szczepanik served as a Special Assistant United States Attorney at the United States Attorney’s Office for the Eastern District of New York. She clerked for federal judges on the United States District Court for the District of Columbia and the United States Court of Appeals for the Federal Circuit and, prior to clerking, practiced patent law. Ms. Szczepanik received her Juris Doctor degree from Georgetown University and her bachelor of science in engineering from the University of Pennsylvania.
Robert Bench is a Senior Advisor to the Digital Currency Initiative, a part of the MIT Media Lab focusing on cryptocurrencies and blockchain technology. Bob is responsible for managing the DCI’s engineering and research efforts, as well as managing internal and external relationships for the DCI.
Jesse McWaters leads Mastercard’s global regulatory advocacy function, where he is responsible for directing the company’s regulatory standards engagement on a wide range of emerging regulatory and policy issues including CBDCs, cross-border payments, crypto-assets, digital ID, and consumer protection. Prior to joining Mastercard, Jesse served as Financial Technology & Innovation Lead at the World Economic Forum and as a financial services strategy consultant at Deloitte, where he supported large-scale technology transformations and the roll-out of new business models for leading banks, insurers, and wealth managers.
Jennifer Peve is Managing Director, Global Head of Strategy and Innovation at DTCC. In this role, Jennifer has overarching responsibility for the firm’s global corporate strategy and digital product development, working across the business, and with clients and third-party providers, to identify opportunities for new products and services as well as potential acquisitions, partnerships and mergers to broaden DTCC’s capabilities. She is also responsible for defining the firm’s strategy for new and emerging technology innovation, leading efforts related to the exploration and experimentation of fintech and working with her colleagues and the industry to advance dialogue on key topics and develop thought leadership. Jennifer is also a member of the firm’s Management Committee.
Jennifer joined DTCC in 2015. Prior to that, she worked at CME Group where she served as Executive Director of OTC Product Management with responsibility for CME’s cleared OTC credit default swaps (CDS) business, including growth strategy, business development, and go-to-market activities.
Jennifer has over 30 years of financial markets expertise, including consulting and practical experience as well as the design, development, and deployment of business strategies in a dynamic environment. She has extensive knowledge across the entire product life cycle, including OTC, FX and FX Options, OTC Metals, Stock Lending, OTC Credit Default Swaps, OTC Interest Rate Swaps and Swaptions, OTC Total Return Swaps, F&O, Energy and Equities.
Jennifer currently serves on the Global Markets Advisory Committee (GMAC) Digital Asset Markets Subcommittee of the U.S. Commodity Futures Trading Commission (CFTC) as well as FINRA’s FinTech Industry Committee. She is a regular speaker at conferences, is often quoted in the media, and has been recognized with several awards, including as Innovator of the Year (Vendor) in the 2018 Waters Technology “Women in Technology and Data” awards and in 2023 as one of TabbFORUM’s 40 Innovators in Financial Markets.
Morten Bech joined the BIS in mid-2011. Before taking up his current assignment in 2020, he was the head of the secretariat supporting the Committee on Payments and Market Infrastructures with responsibility for coordinating and contributing to the activities of the Committee and its various working groups. He has also served as Secretary to the Markets Committee. He previously worked for the Federal Reserve Bank of New York and the Danish central bank. In 2009, he was a visitor at the Monetary Affairs Division of the Federal Reserve Board in Washington DC. He holds a Ph.D. in economics from the University of California, Santa Barbara. He has written on various issues relating to monetary policy implementation, money markets, the network topology of financial markets, large-value payment systems and systemic risk.
Fields of interest
Aaron Klein is Miriam K. Carliner Chair and senior fellow in Economic Studies at the Brookings Institution, focused on financial technology and regulation; payments; macroeconomics; and infrastructure finance and policy. His work spans academic and practical, and Klein is a frequent commentator on major financial matters across the media and halls of power. This year, Klein's work resulted in his being named on two lists of 500: the most influential people in Washington and those banned by Russia. He is equally proud of both.
Prior to joining Brookings in 2016, he directed the Bipartisan Policy Center’s Financial Regulatory Reform Initiative. Between 2009 and 2012, Klein served as the deputy assistant secretary for economic policy at the Department of Treasury. Before that Klein served as chief economist of the Senate Banking, Housing and Urban Affairs Committee for Chairmen Chris Dodd (D-CT) and Paul Sarbanes (D-MD) where he worked on numerous pieces of legislation.
Klein serves on the Board of the PC Project, a charity dedicated to finding a cure for Pachyonychia Congenita, and the American Academy of Political and Social Science. He taught at the Wharton School of Business and is a graduate of Dartmouth College and the Princeton School of Public and International Affairs.
Jessica Renier is Managing Director of Digital Finance at the Institute of International Finance. She previously served as Program Associate Director at the Office of Management and Budget in the Executive Office of the President. In this role, she oversaw a range of Federal Government agencies, including the Departments of Housing and Urban Development, Treasury, Commerce, and the Small Business Administration. She also previously served as Senior Counselor for Terrorist Financing and Financial Crimes at the U.S. Department of the Treasury, as well as Senior Advisor in the office of the Under Secretary for Domestic Finance where she led the Department’s financial technology and innovation policy, with subject matter expertise in digital assets, smart contracts, and artificial intelligence. Prior to joining Treasury, she was a manager in Deloitte Consulting’s Strategy & Operations practice for the banking and securities industry, specializing in blockchain technology and digital identity. Renier previously worked at the Federal Reserve Banks of New York and Dallas, J.P. Morgan Securities, and the Hoover Institution. She holds an MBA from Stanford’s Graduate School of Business, a master of arts in defense and strategic studies from the Naval War College, and a bachelor of arts in economics, communication, and spanish from Trinity University. She is an advisory board member of the Digital Dollar Project, Dubai International Financial Centre’s (DIFC) Innovation Panel, and the Commodity Futures Trading Commission’s (CFTC) Market Risk Advisory Committee. Jessica is a member of the Bretton Woods Committee, a term member of the Council on Foreign Relations, and an Officer in the U.S. Navy Reserve.
As the BIS Economic Adviser, Mr. Shin co-leads the Monetary and Economic Department and is part of the Bank’s senior management as a member of its Executive Committee.
Mr. Shin has a background in academia. Before he took up his current position in May 2014, he was the Hughes-Rogers Professor of Economics at Princeton University, having previously held appointments at Oxford University and the London School of Economics. He has been an intellectual leader in the fields of banking, international finance, and monetary economics, topics on which he has published widely, both in leading academic and official publications.
One area of recent focus has been in developing the BIS’s research program on digital innovation and the financial system, including the design of central bank digital currencies and their implications for users, financial intermediaries, and the central bank. Mr. Shin was part of the BIS management team that developed the BIS Innovation Hub and served as its Interim Head at its launch in 2019.
Mr. Shin is a Korean national. In 2010, while on leave from Princeton University, he served as Senior Adviser to the Korean president, taking a leading role in formulating financial stability policy in Korea and developing the agenda for the G20 during Korea's presidency.
Mr. Shin is author of numerous publications in the fields of monetary policy, banking, finance, and issues related to financial stability. Further details are available on the Bank for International Settlements website.
