ABS

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With the nearly catastrophic crash of the market in 2008 on the minds of many, regulators are hotly pursuing legislation aimed at tightening up rules governing bank-created asset backed securities. Recall these assets (some of which were highly toxic) were spliced into the entire financial system setting off the panic. In an effort to reign this in, the FDIC has recently proposed that banks hold onto at least 5% of these securities (which may include mortgages, car loans, and other asset backed transaction) or risk government seizure of these assets in the event of a failure. The SEC has also proposed a similar rule. Industry titans on both sides of the debate have lined up to voice their support or opposition. As with everything, the devil is in the details and there are many questions regarding this proposed bill’s implementation.

The Knowledge Group has assembled a team of key experts to help you make sense of this important new proposed law and its impact on your firm. Join this course by clicking the “Register” button below. Early registration is recommended as space is limited.

Course Level: Intermediate
Prerequisite: None
Method Of Presentation: Group-Based-Internet
Developer: The Knowledge Group, LLC
Recommended CLE/CPE Hours: 1.75 - 2.0
Important 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 or you will not be able to obtain CLE credit.
Advance Preparation: Print and review course materials
Course Code: 104001
Recording Fee: $299 (Please click here for details)
NASBA Sponsor Number: 109004

 

Featured Speakers for New Rules on Asset Backed Securities LIVE Webcast:


Proposed Agenda (click here to view more)
SEGMENT 1:


Christopher M. Cutler, Partner (Former Assistant Director, PCAOB, Division of Enforcement and Senior Counsel, U.S. SEC, Division of Enforcement),
McGuireWoods LLP

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

SEGMENT 2:


John Kiff, Senior Economist,
International Monetary Fund

- How all of the initiatives might combine to halt rather than restart securitization
- Looking at what is happening in Europe

SEGMENT 3:


Jordan E. Yarett, Partner, Co-Head, Finance Group ,
Paul, Weiss, Rifkind, Wharton & Garrison LLP

- Dodd-Frank Bill --- Application of risk retention rule to ABS and MBS securities.
- Proposed revised Regulation AB Rules --- Application of Reg AB to Rule 144A securities
- Rule 17g-5 --- Rating Agency Conflicts of Interest rule.

SEGMENT 4:


Dr. Faten Sabry, Senior Vice President,
NERA Economic Consulting

- Economic impact of the risk retention regulations on the cost and availability of credit to consumers   and businesses with a focus on the US
- The implications of the proposed reg AB

SEGMENT 5:


Chuck Weilamann, Senior Vice President, U.S. & European Structured Finance,
DBRS, Inc.

- Practical application of Rule 17g-5 (While I appreciate that Jordan has indicated he is covering this,   but I believe that I could add some color on how it is functioning)
- Impact of the Dodd-Frank Act on Rating Agencies (Rule 436g, new pleading standards, due   diligence reports)
- Significant modifications under Amended Reg AB
- Rating Environment and actual/potential changes to the RA Process Changes



International Monetary Fund
John Kiff
Senior Economist
speaker bio »»

Paul, Weiss, Rifkind, Wharton & Garrison LLP
Jordan E. Yarett
Partner, Co-Head, Finance Group
speaker bio »»

NERA Economic Consulting
Dr. Faten Sabry
Senior Vice President
speaker bio »»

DBRS, Inc.
Chuck Weilamann
Senior Vice President, U.S. & European Structured Finance
speaker bio »»

Who Should Attend?

- Bank/Insurance and Financial Institution Officers
- Financial Analysts
- Finance Managers & Attorneys
- Asset Backed Securitization Practicing Attorneys and Consultants
- Financial Instruments and Credit Consultants
- Capital Markets and Corporate and Securities Consultants

Why Attend?

This is a must attend event to everyone to hear the latest updates and developments on new proposed rules on Asset Backed Securities.
- Detailed 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

Disclaimer:
Please note, the event date is firm although it may be subject to change. Please click here for details.

 

 

 

 


New Rules on Asset Backed Securities
LIVE Webcast
Speaker Firms:




NERA Economic Consulting






 

The Knowledge Group, LLC 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 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

Important 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 or you will not be able to obtain CLE credit.

Attention New York Attorneys:

This program is approved for CLE credit under New York’s Approved Jurisdiction policy. The Knowledge Group, LLC is an approved sponsor in the state of California, a New York Approved Jurisdiction. This program fulfills the non-traditional format requirement of exceeding 60 minutes in length. Please note only experienced attorneys (more than 2 years) are eligible to receive CLE credit via non-traditional format learning platforms. The Knowledge Group will verify attendance during the webcast via secret words (3 per credit hour) and by auditing attendees log in and log out records. All verification instructions will be provided during the webcast. Once attendance verification requirements have been completed, the attendee will be issued a certificate of attendance be The Knowledge Group for the course with the recommended number of credit hours. The Certificate of Attendance is normally sent via email in 24 hours or less.

To Claim Your CLE Credits:

The attorney should simply include credits earned via Knowledge Group webcasts when computing the total number of CLE credits completed, and keep the Knowledge Group Certificate of Attendance for a period of at least four (4) years in case of audit. An attorney may count towards her/his New York CLE requirement credit earned through the Approved Jurisdiction policy without notifying the CLE Board.

To learn more about New York’s Approved Jurisdiction policy. Please visit: http://www.nycourts.gov/attorneys/cle/approvedjurisdictions.shtml



 
Enrolled Agents Sponsor ID Number: 760

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