Blue skies

DFS Climate Change Webinar Series - Banking

February
24
2021
10:00
11:00
AM
WebEx

No webinar is currently scheduled.
Please see below for recordings and slides of past webinars.
United States

DFS Climate Change Webinar Series - Banking
SHARE

DFS Climate Change Webinar Series - Banking

The Fundamentals of Financial Risks from Climate Change

Session 1: For New York Community and Regional Banking Institutions – February 18, 2021, 10:00am - 11:30am

The New York State Department of Financial Services is holding a webinar as part of its work to support the community and regional banking institutions in managing and mitigating the financial risks from climate change. The webinar will cover the fundamentals of how climate change impacts the financial system, provide examples of how it could impact the community and regional banking institutions in New York, climate-related business opportunities, and an update on federal and state climate-related initiatives.

MEET THE SPEAKERS

Raymond J. Dorado (Opening Remarks), Senior Deputy Superintendent, Banking Division, New York State Department of Financial Services
+

Ray’s career has been focused on advising large financial institutions on regulatory compliance and corporate governance, and on managing their transactions and their legal and reputational risk.  Since November 2019, he has been a senior banking regulator in New York.  Outside of work, his other focus has been on philanthropy and community service, including investor literacy, pro bono activities and looking out for the welfare of 1,200 high school students in the Bronx.  

He currently is the Senior Deputy Superintendent for the Banking Division of the New York State Department of Financial Services (DFS).  He heads the banking executive team and leads the business groups for Foreign and Wholesale Banking, Community and Regional Banking, Licensed Financial Services and Mortgage Banking. 

Prior to joining DFS, he was Executive Vice President & Deputy General Counsel at Citizens Financial Group (CFG), where he headed the Enterprise Regulatory legal team and set CFG’s regulatory agenda.  He also headed the Commercial Banking legal team, and was a member of CFG’s Executive Leadership Group.  He joined CFG in 2015 to help it separate from its then parent company, Royal Bank of Scotland.

From 2003-2014, he held executive legal and business leadership positions at BNY Mellon, including Acting General Counsel, and was a member of both the Executive and Operating Committees.  He also served as the legal advisor to the Risk Committee of BNY Mellon’s Board of Directors.

From 1987-2003, he was a Managing Director and Deputy General Counsel at Credit Suisse, heading legal teams for the Securities Division, the Investment/Commercial Banking Division and the Litigation Group.  Prior to that, he was in private practice. 

Ray is currently a member of the Regulatory Committee of the Conference of State Bank Supervisors.  He has held leadership positions on the Securities Industry & Financial Markets Association’s (SIFMA) General Counsels Committee (Chairman and Vice Chairman - 2003-2014), SIFMA’s Compliance & Legal Society Executive Committee (2000-2019), where he has been a frequent lecturer at industry seminars and financial literacy events sponsored by the SIFMA Foundation and the Compliance Advisory Committee of The New York Stock Exchange, Inc. (1996-2003).

Yue (Nina) Chen, Director of Sustainability and Climate Initiatives, New York State Department of Financial Services
+

Dr. Yue (Nina) Chen is the first-ever Director of Sustainability and Climate Initiatives at the New York State Department of Financial Services (DFS). As part of the executive team, Nina is charged with developing the Department’s portfolio of policy initiatives involving sustainability, green financing, and climate mitigation. Before joining DFS, Nina was the Nature Conservancy’s Director of Conservation Investments in New Jersey, and then in New York. In this role she developed innovative conservation finance programs, advised cities on attracting private capital to accelerate and scale up conservation impacts, and led urban water resilience initiatives.

Nina’s career in finance spanned a wide range of areas, including sovereign bonds, interest rates derivatives, mortgages, and structured credit products, at Goldman Sachs and Royal Bank of Canada, among others.

Nina received her B.S. in Chemical Engineering from Tsinghua University, Beijing, China, her Ph.D. in Chemical Engineering from the Massachusetts Institute of Technology, and a Certificate in Conservation and Environmental Sustainability from Columbia University.

Session 2: For New York Mortgage Banking Institutions – February 24, 2021, 10:00am - 11:00am

The New York State Department of Financial Services is holding a webinar as part of its work to support the mortgage banking institutions in managing and mitigating the financial risks from climate change. The webinar will cover the fundamentals of how climate change impacts the financial system, provide examples of how it could impact the mortgage banking institutions in New York, and an update on federal and state climate-related initiatives.

MEET THE SPEAKERS

Raymond J. Dorado (Opening Remarks), Senior Deputy Superintendent, Banking Division, New York State Department of Financial Services
+

Ray’s career has been focused on advising large financial institutions on regulatory compliance and corporate governance, and on managing their transactions and their legal and reputational risk.  Since November 2019, he has been a senior banking regulator in New York.  Outside of work, his other focus has been on philanthropy and community service, including investor literacy, pro bono activities and looking out for the welfare of 1,200 high school students in the Bronx.  

He currently is the Senior Deputy Superintendent for the Banking Division of the New York State Department of Financial Services (DFS).  He heads the banking executive team and leads the business groups for Foreign and Wholesale Banking, Community and Regional Banking, Licensed Financial Services and Mortgage Banking. 

Prior to joining DFS, he was Executive Vice President & Deputy General Counsel at Citizens Financial Group (CFG), where he headed the Enterprise Regulatory legal team and set CFG’s regulatory agenda.  He also headed the Commercial Banking legal team, and was a member of CFG’s Executive Leadership Group.  He joined CFG in 2015 to help it separate from its then parent company, Royal Bank of Scotland.

From 2003-2014, he held executive legal and business leadership positions at BNY Mellon, including Acting General Counsel, and was a member of both the Executive and Operating Committees.  He also served as the legal advisor to the Risk Committee of BNY Mellon’s Board of Directors.

From 1987-2003, he was a Managing Director and Deputy General Counsel at Credit Suisse, heading legal teams for the Securities Division, the Investment/Commercial Banking Division and the Litigation Group.  Prior to that, he was in private practice. 

Ray is currently a member of the Regulatory Committee of the Conference of State Bank Supervisors.  He has held leadership positions on the Securities Industry & Financial Markets Association’s (SIFMA) General Counsels Committee (Chairman and Vice Chairman - 2003-2014), SIFMA’s Compliance & Legal Society Executive Committee (2000-2019), where he has been a frequent lecturer at industry seminars and financial literacy events sponsored by the SIFMA Foundation and the Compliance Advisory Committee of The New York Stock Exchange, Inc. (1996-2003).

Yue (Nina) Chen, Director of Sustainability and Climate Initiatives, New York State Department of Financial Services
+

Dr. Yue (Nina) Chen is the first-ever Director of Sustainability and Climate Initiatives at the New York State Department of Financial Services (DFS). As part of the executive team, Nina is charged with developing the Department’s portfolio of policy initiatives involving sustainability, green financing, and climate mitigation. Before joining DFS, Nina was the Nature Conservancy’s Director of Conservation Investments in New Jersey, and then in New York. In this role she developed innovative conservation finance programs, advised cities on attracting private capital to accelerate and scale up conservation impacts, and led urban water resilience initiatives.

Nina’s career in finance spanned a wide range of areas, including sovereign bonds, interest rates derivatives, mortgages, and structured credit products, at Goldman Sachs and Royal Bank of Canada, among others.

Nina received her B.S. in Chemical Engineering from Tsinghua University, Beijing, China, her Ph.D. in Chemical Engineering from the Massachusetts Institute of Technology, and a Certificate in Conservation and Environmental Sustainability from Columbia University.