Tell a Friend

 

Asset Liability Management and Liquidity Risk Management: Practical Guidance
   LIVE Webcast  

 


Event Details:                                                                                                                                                          

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)

 

Featured Speakers for The Federal Reserve's Enhanced Supervision Standards LIVE Webcast :


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


White & Case LLP
Ernest T. Patrikis
Partner
speaker bio »»

Ernst & Young LLP
Preston Thompson
Executive Director | Financial Services Risk Management
speaker bio »»

Ernst & Young LLP
Christopher A. Maher
Principal | Financial Services Risk Management
speaker bio »»



Who Should Attend?

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.

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

Registration Information:                                                                                                                                    


(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







 

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 State Bar Associations. The State Bars will have the final determination on whether to provide credit or not. If you have any questions, please email our CLE coordinator at: info@knowledgecongress.org

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

Attention Pennsylvania Attorneys:

Knowledge Congress is not yet an Accredited Distance Learning Provider in PA, neither the instructors nor any PA attendees will receive credit for the course.



 
Enrolled Agents Sponsor ID Number: 7602U

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.