The late December 2011 notice made by Federal Reserve System regarding Enhanced Prudential Supervision will likely have a major impact on financial institutions.

The Knowledge Group is assembling a team of experts that will provide a comprehensive overview of the proposals. They will discuss the substantive provisions of these rules as well their impact on the financial services industry and all other businesses impacted. A live interaction with the audience in a question and answer format is also included in this event.


Course Level: Intermediate
Prerequisite: None
Method Of Presentation: Group-Based-Internet
Developer: The Knowledge Group, LLC
Recommended CLE/CPE Hours: 1.75 - 2.0
Advance Preparation: Print and review course materials
Course Code: 124242
Recording Fee: 299 (Please click here for details)

 

Agenda  (click here to view more) SEGMENT 1: Ernest T. Patrikis, Partner, White & Case LLP • The importance of common equity capital as an intended key supervisory tool for the Federal Reserve Board cannot be overemphasized. • There continues to be little guidance on the “difficult” issue of application of enhanced standards to covered foreign banking organizations and, given the proposed rules to implement the Volcker Rule, much uncertainty as their potential extraterritorial reach. • The enhanced standards would limit to only U.S. government securities the sovereign debt eligible for use in meeting liquidity requirements or excludable from the counterparty credit limits. • The application of the proposed single counterparty credit limits to broadly defined credit transactions and the narrow limits for major counterparties may create a significant disadvantage for covered financial companies. • The lack of specific criteria for supervisory stress testing already has proven the difficulty in predicting test results with accuracy and as a result the ability to adjust operations and capital adequately to avoid the potential negative effects of failing the test on a covered company’s business and investors. • The Federal Reserve Board’s stated objective of creating an incentive to reduce the “systemic footprint” of covered banking organizations should be read as a clear message of the Board’s mindset. SEGMENT 2: Preston Thompson , Executive Director | Financial Services Risk Management , and Christopher A. Maher, Principal, Financial Services, Ernst & Young LLP • The enhanced standards build on the trend of codifying enterprise-wide and specific risk management practices into formal regulatory requirements with associated enforcement powers and penalties • The standards significantly raise the bar on corporate governance and expanded responsibilities for the Boards of Directors, especially with respect to risk governance; requiring specific full Board approval of capital plan, establishment and review of liquidity risk tolerance, and annual approval of contingency funding plan • The proposed rule formally imbeds stress testing as an ongoing supervisory and regulatory tool, as well as a required internal risk management practice • The enhanced standards will require significant data aggregation, risk measurement and risk reporting capabilities, specifically requirements for disclosure of stress test results and use of early remediation triggers pose significant challenges for many institutions • Capital and liquidity constraints may require strategic analysis on the viability of certain products and activities

Who Should Attend?

• - Lawyers
• - General Counsel
• - Internal Auditors of All Levels
• - Other Related Professionals
• ‒ Bank Regulators
• ‒ Bank Presidents
• ‒ Bank Owner/Executives
• ‒ Financial Institutions' Executives
• ‒ Bank Supervisors
• ‒ Compliance Officers
• ‒ CFOs
• ‒ CEOs
• ‒ Investors
• ‒ Chief Risk Officers
• ‒ Banking Regulation Lawyers
• ‒ Banking Lawyers & Consultants
• ‒ Finance Lawyers
• ‒ Senior Management

Why Attend?

This is a must attend event for finance professionals to learn the fundamentals of Enhanced Supervision Standards and its likely significant impact on the financial industry.

• - Detailed guidance explained by the most qualified key leaders & experts
• - Hear directly from key regulators & thought leaders
• - Interact directly with panel during Q&A

Know the facts! Click the “Register” button below today and be in-the-know! Significant discounts await early birds.

(Click here for information on group registrations and discounts)

Disclaimer:
Please note, the event date is firm although it may be subject to change. Please click here for details.
The Knowledge Group, LLC is producing this event for information purposes only. We do not intend to provide or offer business advice. The contents of this event are based upon the opinions of our speakers. The Knowledge Congress does not warrant their accuracy and completeness. The statements made by them are based on their independent opinions and does not necessarily reflect that of The Knowledge Congress' views. In no event shall The Knowledge Congress be liable to any person or business entity for any special, direct, indirect, punitive, incidental or consequential damages as a result of any information gathered from this webcast.

 

 

 

 

The Federal Reserve's Enhanced Supervision Standards
LIVE Webcast
Event Sponsors / Speaker Firms:

White & Case LLP

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