HOUSE_OVERSIGHT_014372.jpg
Extraction Summary
4
People
5
Organizations
1
Locations
1
Events
3
Relationships
1
Quotes
Document Information
Type:
Financial conference report page
File Size:
Summary
This document is a page from a Bank of America Merrill Lynch report on its '2016 Future of Financials Conference,' dated November 17, 2016. The page includes survey charts on 'big data' adoption and a summary of a panel on M&A and financial regulation, mentioning panelists Rodgin Cohen, Richard Kim, and Ed Hill. The document contains no information, names, or events related to Jeffrey Epstein.
People (4)
| Name | Role | Context |
|---|---|---|
| Rodgin Cohen | Senior Chairman of Sullivan & Cromwell |
Listed as a panelist at the 'Future of Financials M&A and Regulation' discussion.
|
| Richard Kim | Partner at Wachtell, Lipton, Rosen & Katz |
Listed as a panelist at the 'Future of Financials M&A and Regulation' discussion.
|
| Ed Hill | Senior Vice President, Government Affairs, Bank of America Corporation |
Listed as a panelist at the 'Future of Financials M&A and Regulation' discussion.
|
| Senator Hensarling | US Senator (implied) |
Mentioned in relation to his 'Financial Choice Act' as a potential alternative to Dodd-Frank.
|
Organizations (5)
| Name | Type | Context |
|---|---|---|
| Bank of America Merrill Lynch |
Host of the conference and source of the research/report. Also referred to as BofA Merrill Lynch.
|
|
| Sullivan & Cromwell |
Employer of panelist Rodgin Cohen.
|
|
| Wachtell, Lipton, Rosen & Katz |
Employer of panelist Richard Kim.
|
|
| Bank of America Corporation |
Employer of panelist Ed Hill.
|
|
| Federal Reserve |
Mentioned in relation to the definition of leverage and the 'Financial Choice Act'. Referred to as 'Fed'.
|
Timeline (1 events)
17 November 2016
The '2016 Future of Financials Conference' was held, which included a panel discussion on the future of M&A and regulation in the financial sector following the US election.
Not specified
Locations (1)
| Location | Context |
|---|---|
|
Mentioned in the context of the 'US election'.
|
Relationships (3)
Both were listed as panelists at the 'Future of Financials M&A and Regulation' discussion.
Both were listed as panelists at the 'Future of Financials M&A and Regulation' discussion.
Both were listed as panelists at the 'Future of Financials M&A and Regulation' discussion.
Key Quotes (1)
"Regulation is about tone: Our panelists agreed that the scope and strength of regulation comes from the tone and attitude of regulators rather than from legislation."Source
HOUSE_OVERSIGHT_014372.jpg
Quote #1
Full Extracted Text
Complete text extracted from the document (2,198 characters)
Chart 84: Now that we've defined "big data", how far do you think financial institutions are at embracing the use of big data today?
60%
50%
49%
40%
30%
19%
19%
20%
10%
8%
5%
0%
Fully committed to using big data to generate investment alpha / revenue growth
Fully committed to using big data to improve cost or process efficiency, risk management, regulatory compliance
Fully committed to using big data across the organization
Somewhat committed
Not at all committed
60%
50%
49%
40%
30%
19%
19%
20%
10%
8%
5%
0%
Fully committed to using big data to generate investment alpha / revenue growth
Fully committed to using big data to improve cost or process efficiency, risk management, regulatory compliance
Fully committed to using big data across the organization
Somewhat committed
Not at all committed
Source: BofA Merrill Lynch Global Research
Chart 85: After this conversation, have you changed your mind on how financial institutions are adopting big data in their businesses?
60%
55%
50%
40%
30%
23%
23%
20%
10%
0%
Financial institutions are more committed to allocating resources to big data than I thought
Financial institutions are less committed to allocating resources to big data than I thought
No change
60%
55%
50%
40%
30%
23%
23%
20%
10%
0%
Financial institutions are more committed to allocating resources to big data than I thought
Financial institutions are less committed to allocating resources to big data than I thought
No change
Source: BofA Merrill Lynch Global Research
The Future of Financials M&A and Regulation
We hosted a panel to discuss the state and outlook of M&A and regulation. Given the results of the US election and the potential for easing of regulations, the panel discussed a timely topic on the mind of investors. Our panelists included Rodgin Cohen, Senior Chairman of Sullivan & Cromwell; Richard Kim, partner at Wachtell, Lipton, Rosen & Katz, and Ed Hill, Senior Vice President, Government Affairs, Bank of America Corporation.
We hosted a panel to discuss the state and outlook of M&A and regulation. Given the results of the US election and the potential for easing of regulations, the panel discussed a timely topic on the mind of investors. Our panelists included Rodgin Cohen, Senior Chairman of Sullivan & Cromwell; Richard Kim, partner at Wachtell, Lipton, Rosen & Katz, and Ed Hill, Senior Vice President, Government Affairs, Bank of America Corporation.
- Regulation is about tone: Our panelists agreed that the scope and strength of regulation comes from the tone and attitude of regulators rather than from legislation. They noted that an attempt to repeal legislation such as Dodd-Frank would be misplaced as most direction derives from the tops of regulatory bodies. They also felt Senator Hensarling's Financial Choice Act would not be a better alternative to Dodd-Frank given the 10% leverage ratio is not a Federal Reserve definition of leverage. Utilizing a Fed definition would likely lead to leverage north of 10%. The inclusion of CAMEL ratings with the leverage ratio would also allow regulatory sway over institutions.
58
2016 Future of Financials Conference | 17 November 2016
Bank of America
Merrill Lynch
HOUSE_OVERSIGHT_014372
2016 Future of Financials Conference | 17 November 2016
Bank of America
Merrill Lynch
HOUSE_OVERSIGHT_014372
Discussion 0
No comments yet
Be the first to share your thoughts on this epstein document