CDO

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Over the last few years, many municipalities were unwittingly sold exotic investments. Targeted by an investment advisors, municipalities were persuaded into buying investments which showcased the upside while greatly downplaying the risks. Many of these investments were in fact extremely risky and very fragile. Making matters worse, many of these investment products were purchased with money borrowed from banks a half a world away. With the market turmoil, municipalities are holding investments whose values are highly uncertain.

While there are no quick fixes to this problem, there are ways to mitigate risk and reduce the impact of these bad investments on your portfolio. The Knowledge Congress has assembled a team of key thought leaders to help your municipality minimize the impact of exotic investments.

Course Level: Intermediate
Prerequisite: None
Method Of Presentation: Group-Based-Internet
Developer: The Knowledge Conference
Recommended CLE/CPE Hours: 1.75 - 2.0
(Please note, your State Bar or Accounting Board will make the final determination with respect to continuing education credit. If you are applying for CLE credit in Texas you must register 20 days before the event date.)
Advance Preparation: Print and review course materials
Course Code: 083822
Recording Fee: $299 (Please click here for details)
NASBA Sponsor Number: 109004

Please click here to link to Critical GASB Issues for 2009 Live Webcast

 

Featured Speakers for Mitigating CDOs Impact live webcast:


  Event Talking Points (click here to view more)
SEGMENT 1:


Edward J. O'Connell, Partner,
Jones Day


- What is a CDO?,
- What is a Credit Default Swap?

SEGMENT 2:


Joel S. Telpner, Partner,
Mayer Brown LLP

** Speaker Talking Points to be added soon.. **

SEGMENT 3:


Steven Chamberlin, Manager, Tax Exempt Bonds, Compliance & Program Management,
Internal Revenue Service

1) Tax requirements relating to interest rate swaps entered into with respect to tax-exempt bonds.
2) Effects of noncompliance with these tax requirements.
3) IRS enforcement and voluntary compliance programs relating to noncompliance with these tax
     requirements.



Internal Revenue Service
Steven Chamberlin
Manager, Tax Exempt Bonds, Compliance & Program Management
speaker bio »»

Jones Day
Edward J. O'Connell
Partner
speaker bio »»

Mayer Brown LLP
Joel S. Telpner
Partner
speaker bio »»

Who Should Attend?

- Business Leaders
- Finance Execs
- Attorneys & Council Members
- State & Local Governments
- Municipal Agencies Public School Systems,
- Transit Authorities
- Public Works Utilities
- Attorneys & Accountants Specializing in Municipal Finance issues

Why Attend?

This is a must attend event to anyone interested in having full understanding about the Mitigating CDOs Impact: A Practical Guide for Municipalities.
- New guidance explained by the most qualified key leaders & experts
- Hear directly from key regulators & thought leaders
- Interact directly with panel during Q&A

Registration Information:                                                                                                                                    



Mitigating the Impact of Risky Investments (CDOs, Credit Default Swaps, and others): a Practical Guide for Municipalities and other public works companies
Speaker Firms and Agency:


Internal Revenue Service





 

Media Partners:


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The Knowledge Conference is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Website: www.nasba.org

 

We are an approved multi-event sponsor in the state of California. Our provider ID is: 14451. In Texas, Illinois, and Virginia, we submit programs for individual approval in advance. In New York, our programs are submitted immediately after the event live date and attendees are sent the approval codes once we receive them from the New York State Bar. In all other states, once attendance is verified, participants are emailed an official certificate of attendance which they submit to their respective State Bar Associations. Our programs are created with continuing education in mind and are therefore designed to meet the requirements of all State Bar Associations. If you have any questions, please email our CLE coordinator at: info@knowledgecongress.org

 
Enrolled Agents Sponsor ID Number: 760

We have entered into an agreement with the Office of Professional Responsibility, Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the Office of Professional Responsibility as to the quality of the program or its contribution to the professional competence of the enrolled individual.