- videocam Live Online with Live Q&A
- calendar_month January 28, 2026 @ 1:00 p.m. ET./10:00 a.m. PT
- signal_cellular_alt Intermediate
- card_travel Banking and Finance
- schedule 90 minutes
Bank Boards of Directors: Governance and Oversight Measures to Mitigate Risks Under Evolving Regulatory Frameworks
Navigating Bank Failures, Climate Change, AI, Cybersecurity, Data Privacy, and Access to Banking and Credit
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Description
The risks facing banks and their governing boards are constantly evolving. Current issues demanding particular attention include bank failures, climate change, cybersecurity, AI, data privacy, and equitable access to banking services and credit. Counsel must have a thorough understanding of the current regulatory environment and potential legal risks facing financial institutions in these areas and provide advice to bank boards on governance and oversight measures to mitigate these risks.
There is continued focus on the risks that climate change poses to the financial system. Bank boards should stay current on climate-related financial risks by periodically assessing their climate risk exposure, estimating potential losses that could result from various climate-related scenarios, and maintaining a framework for public disclosure and reporting of climate risks affecting the bank.
Although many banks have made large investments in cybersecurity, data protection, and AI, banks must continue to maintain and improve their cybersecurity and AI systems to address any potential new threats to their systems. Regulators are increasingly focused on technology risk management, and new guidance and regulations continue to evolve. Directors must assess their incident response procedures and have systems in place for evaluation of third-party service providers and notification of security incidents that could affect the bank.
Fair lending has also seen a dramatic shift under the Trump administration. Bank regulators are removing references to "reputation risk" in examination manuals, handbooks, and guidance. Also, banks and lenders must now perform reviews for unlawful debanking. Based on these new priorities, bank boards should examine and adjust their customer-facing procedures accordingly.
Listen as our authoritative panel discusses current risks of particular concern for banks and provides tips for counsel who advise boards of directors on steps needed to mitigate those risks.
Presented By
Ms. Friedlander is a partner in Sullivan & Cromwell’s Criminal Defense and Investigations Group and Co-Head of both its National Security and Cybersecurity Practices. She represents clients in complex internal investigations, regulatory enforcement proceedings and criminal matters involving every aspect of white-collar crime, including fraud, bribery, theft of trade secrets, money laundering and health care matters. Ms. Friedlander also advises major corporations and Boards of Directors in cybersecurity matters. She has been ranked by Chambers USA for White-Collar Crime & Government Investigations, where sources praised her “impress[ive] facility and judgment,” her ability to “quietly command the room with her skilled preparation,” and her standout trial skills (“She is so good in court.”).
Mr. Treviño is Co-Head of Sullivan & Cromwell’s Corporate Governance Practice and the Managing Partner of its Executive Compensation Group. He joined the Firm in 1993 after graduating from Yale Law School (J.D., 1993) and summa cum laude from Princeton University (A.B., Phi Beta Kappa, 1990). Mr. Treviño is a recognized leader in structuring and counseling senior executives and boards in significant matters involving reputation, overlapping regulatory regimes, fiduciary conflicts and multiple jurisdictions, with a particular emphasis on matters involving financial institutions. He teaches Corporate Crisis Management at the Yale Law School and is a co-author of The Public Company Deskbook (The Practising Law Institute), which has been hailed as “the bible for securities lawyers” by Fortune.
Mr. Weiner is a partner in Sullivan & Cromwell’s Financial Services and Capital Markets groups. His practice involves bank regulatory matters, including capital, liquidity, stress testing and resolution planning, and a broad range of transactions, including registered and unregistered securities offerings, other capital markets transactions, and public and private mergers and acquisitions. He also advises corporate clients on ongoing public company matters, including disclosure and corporate governance.
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This 90-minute webinar is eligible in most states for 1.5 CLE credits.
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Live Online
On Demand
Date + Time
- event
Wednesday, January 28, 2026
- schedule
1:00 p.m. ET./10:00 a.m. PT
Outline
I. Current banking risks for bank boards: legal and regulatory
II. Climate change: risk management, disclosure
III. Cybersecurity and AI: current and emerging risks and issues in focus for regulators
IV. Consumer protection, equal access to banking services, and debanking initiatives
Benefits
The panel will review these and other critical questions:
- How should banks go about assessing the financial risks associated with climate change?
- How are banks mitigating the risks of cyberattacks and AI?
- What kinds of cybersecurity protocols should a board put in place for third-party service providers?
- What steps should banks be taking to protect themselves, and what disclosure controls should be in place to respond to a cyber incident?
- What are the potential legal and regulatory consequences of unlawful debanking practices?
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