Richard Coffman with the Institute of International Bankers to Speak at KCís The Federal Reserve's Proposed Enhanced Prudential Standards for Foreign Banks Event
New York, NY, February 13, 2013 --(PR.com
)-- The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, has announced today that Richard Coffman, General Counsel, Institute of International Bankers will speak at the Knowledge Congress’ webcast entitled: “The Federal Reserve's Proposed Enhanced Prudential Standards for Foreign Banks Explored.” This event is scheduled for June 20, 2013 from 12:00pm – 2:00pm (ET).
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In December 2012, the Federal Reserve issued the proposed enhanced prudential standards for foreign banking organizations (FBOs) having total global consolidated assets of US$50 billion or more. The proposal, which will go into effect on July 1, 2015, is expected to bring unprecedented and significant changes to the regulation of FBOs with new requirements to address risk management, stress testing, early remediation, liquidity and debt-to-equity limits among others. With the proposed standards to implement a “rebalanced approach” in regulating non-US banks with U.S. operations, large FBOs will be mandated to establish an intermediate holding company (ICH) that will hold all US bank and nonbank subsidiaries and shall be subject to U.S. capital, liquidity and other enhanced prudential standards on a consolidated basis.
The Knowledge Group is producing “The Federal Reserve's Proposed Enhanced Prudential Standards Explored LIVE Webcast,” to help FBOs, multinational banks and other affected financial institutions learn the significant issues surrounding the proposal and its potential impact on their businesses. They assembled panel of thought leaders will help finance executives understand all the significant issues with respect to this important topic.
This live webcast is a must attend for all finance executives, senior management, corporate lawyers, banking and finance attorneys and other related professionals who need to be in the know with respect to the proposed enhanced prudential standard.
About Richard Coffman
Richard Coffman is General Counsel of the Institute of International Bankers (IIB). Mr. Coffman has been deeply involved in foreign bank regulatory matters for over 25 years and has served as IIB General Counsel since 2006. The IIB is the only national association devoted exclusively to representing and advancing the interests of the international banking community in the United States. Its advocacy efforts on legislative and regulatory matters are directed at achieving results that are consistent with the U.S. policy of national treatment and appropriately limit the extraterritorial application of U.S. laws to the global operations of its member institutions. Mr. Coffman holds J.D. and Ph.D. degrees from Columbia University and a Bachelor of Arts degree from Southern Methodist University.
About The Knowledge Group, LLC/The Knowledge Congress Live Webcast Series
The Knowledge Congress was established with the mission to produce unbiased, objective, and educational live webinars that examine industry trends and regulatory changes from a variety of different perspectives. The goal is to deliver a unique multilevel analysis of an important issue affecting business in a highly focused format. To contact or register to an event, please visit: www.knowledgecongress.org.