Subprime Dilemma

Presently, banks have proclaimed their losses as a result of the subprime crises to hover above $150 Billion with final estimates being as high as $3 Trillion or 8% of U.S. GDP. The Feds have taken dramatic steps to avert a U.S. recession by cutting interest rates 7 times since September of 2007 and there's talk of sweeping new regulations for financial firms on the horizon. This event will be a comprehensive exploration of the effects of the subprime crisis across a broad array of financial institutions with an emphasis on best practices in the current environment along with a look at what's on the horizon.

The Topics covered will be:
   - Possible public company violations
   - Recent Developments
   - Subprime Lending - State and Federal Responses
   - Subprime Dilemma: Litigation and Enforcement
   - The Credit Crisis

The Knowledge Congress assembles a panel of top experts who will explore the rippling affects of the subprime crisis & how to best position your firm against the upcoming tidal wave.

Featured Speakers for Subprime Dilemma live teleconference and webinar:

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


James V. Jordan, Ph.D., CFA, Senior Vice President, National Economic Research Associates, Inc.

- The link between housing market problems and other credit markets (subprime --> prime
  /HELOC/other housing products --> MBSs --> CDOs --> CP and ABCP --> ARS)
- Bank writedowns and involuntary expansion of their balance sheets
- Stresses in the interbank market (LIBOR)
- The nature of counterparty credit risk and OTC markets.

SEGMENT 2:


Alexander M. Vasilescu, Regional Trial Counsel/Trial Unit Chief, Northeast Regional Office,
U.S. Securities and Exchange Commission

- The SEC’s Subprime Task Force.
- Areas of possible enforcement by the SEC.
- Lessons from past SEC cases.

SEGMENT 3:


Jane M. Azia, Director of Non-Depository Institutions and Consumer Protection,
New York State Banking Department

- State regulation - What States have done so far
   • Regulatory guidances
   • Regulation of mortgage originators
   • Regulation of appraisers

- State regulation - What's on the Horizon
   • Proposed legislative reforms to prevent a future subprime lending crisis
      » Expanded protections for subprime borrowers
      » Criminalization of mortgage fraud
      » Proposed legislative reforms to provide relief for borrowers facing foreclosure
         • Protections for borrowers facing foreclosure
         • Protections from foreclosure and other scams
         • Federal proposals
            » Proposed amendments to HOEPA and Reg Z
            » Proposed amendments to RESPA

SEGMENT 4:


Benjamin B. Klubes, Partner, Civil and Criminal Litigation and Government Enforcement,
Skadden, Arps, Slate, Meagher & Flom LLP

- Government enforcement investigation and litigation responses to the subprime crisis
- Class action lawyers take on the subprime crisis -- old methods and innovations
- Compliance lessons to be learned from the investigation and litigation onslaught
- Cities and states respond to the crisis with programs and lawsuits


National Economic Research Associates, Inc.
James V. Jordan, Ph.D., CFA
Senior Vice President
speaker bio »»

U.S. Securities and Exchange Commission
Alexander M. Vasilescu
Regional Trial Counsel/Trial Unit Chief, Northeast Regional Office
speaker bio »»

New York State Banking Department
Jane M. Azia
Director of Non-Depository Institutions and Consumer Protection
speaker bio »»

Skadden, Arps, Slate, Meagher & Flom LLP
Benjamin B. Klubes
Partner, Civil and Criminal Litigation and Government Enforcement
speaker bio »»

Who Should Attend?

- Presidents
- CFO
- Managing Directors
- Finance
- CRO and all Risk Management
- General Counsel from Financial Institutions
- Brokers
- Bank & Credit Unions
- Subprime and Hedge Funds Lawyers
- CPA Consultants.

Why Attend?

This is a must attend event for anyone interested in understanding the latest updates on Subprime issues.
- 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

** Discounts Apply for early registration

Subprime Dilemma
Speaker Firms:



U.S. Securities and Exchange Commission




 

 

Event Media Partner:


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