“Mortgage Markets and the U.S. Financial Crisis”
What: Robert Davis, executive vice president of the American Bankers Association, will speak on “Mortgage Markets and the U.S. Financial Crisis.”
When: Monday, April 21 at 4 p.m.
Where: Life Science Center Auditorium on the Trinity campus.
Background: Davis is executive vice president for mortgage finance, risk management and public policy at the American Bankers Association (ABA) in Washington D.C. He is also a key member of the executive team that is leading the integration of the American Bankers Association and America’s Community Bankers (ACB), whose merger took place on December 1. The new organization represents most of the banks and savings associations in the United States. ABA members hold 95 percent of all U.S. banking assets.
Prior to the merger, Davis was executive vice president and managing director of government relations at ACB, where he directed legislative and regulatory advocacy. He was instrumental in helping win passage of the Gramm-Leach-Bliley Act that modernized the financial system and repealed Glass-Steagall restrictions; the Deposit Insurance Funds Act of 1996 that capitalized the FDIC’s Savings Association Insurance Fund and equalized deposit insurance premiums; and tax relief legislation in 1996 that protected $4.5 billion in loan loss reserves from recapture into income.
Before joining the ACB in 1993, Davis was senior vice president at the New
York Mercantile Exchange. At NYMEX he directed new product research, marketing, and development of electronic trading systems. Davis also was a member of the Commodity Futures Trading Commission, where he pioneered the update of regulations on hedging and risk management, initiated analysis and review of OTC derivatives, and helped craft regulatory changes in response to the 1987 stock market crash.
Davis was the chief economist for the Joint Economic Committee of Congress, and has served as vice president and economist at the Harris Bank in Chicago and as financial economist at the FDIC. He began his career on the economics faculty at Vanderbilt University and holds a Ph.D. in economics from Virginia Tech University.
For more information, contact Adrienne Quinn in the Department of Economics at 860-297-2486 or adrienne.quinn@trincoll.edu. The lecture is free and open to the public.