Kenneth P. Lamar, SVP, Statistics Function & Research Group, FRB New York to Speak at KC’s Event on SFAS 159 Scheduled for November 8, 2007
New York, NY, October 02, 2007 --(
PR.com)-- The Knowledge Congress, the leading producer of regulatory focused teleconferences has announced today that Kenneth P. Lamar, Senior Vice President - Statistics Function, Research & Statistics Group with the Federal Reserve Board (FRB) New York will speak at the Knowledge Congress’ upcoming teleconference entitled: “SFAS 159: The Fair Value Option for Financial Assets and Financial Liabilities” This 2-hour event is scheduled for November 8, 2007 at 1:00 pm ET. (For further details of the event and an updated list of panelists, please visit: http://www.knowledgecongress.org).
Recently released Statement 157 boosts existing guidance for measuring assets and liabilities using fair value. It provides a single definition of market-based fair value versus internal measures. Under this provision, Fair values hierarchies are set via market quotes.
The Knowledge Congress has assembled a panel of distinguished experts to help make the new guidance clear to the organizations most impacted. The panel will present their findings, which include best practices in a live two-hour teleconference.
About Kenneth P. Lamar
Kenneth P. Lamar is a senior vice president in the statistics function, Research and Statistics Group. He had been a vice president since January 2003 and assistant vice president since December 1995, both in the same area.
In March 1993, he was named an officer of the Bank assigned to the domestic and regulatory reports department. Mr. Lamar joined the Bank in February 1980.
About Federal Reserve Board (FRB) New York
The Federal Reserve Bank of New York is one of 12 regional Reserve Banks which, together with the Board of Governors in Washington, D.C., make up the Federal Reserve System. The "Fed," as the system is commonly called, is an independent governmental entity created by Congress in 1913 to serve as the central bank of the United States. It is responsible for formulating and executing monetary policy, supervising and regulating depository institutions, providing an elastic currency, assisting the federal government's financing operations, and serving as the banker for the U.S. government.
In addition, it has important roles in operating the nation's payments systems, protecting consumers' rights in their dealings with banks and promoting community development and reinvestment.
For more information about Kenneth P. Lamar and the Federal Reserve Board (FRB) New York, please visit: http://www.newyorkfed.org
About The Knowledge Congress
The Knowledge Congress is an organization that produces teleconferences that examine regulatory changes across a variety of industries. “We bring together the world's leading authorities and industry participants through informative two-hour teleconferences to study the impact of changing regulations.” To contact or to register to an event, please visit: www.knowledgecongress.org.
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