New York, NY, December 11, 2008 --(PR.com
)-- The Knowledge Congress, the leading producer of regulatory focused webinars announced today that Wallace Enman, Senior Accounting Analyst of Moody's will speak at the Knowledge Congress’ upcoming webcast entitled: “Rule 163 New Rules for Bond Insurers”. This 2-hour event is scheduled on March 30, 2009, Monday, at 12:00 PM - 2:00 PM EST. (For further details of the event and an updated list of panelists, please visit: http://knowledgecongress.org/event_2008_R163.html)
In an effort to increase transparency and consistency to the financial guaranty industry, The Financial Accounting Standards Board introduced Statement No. 163 which will require insurance companies such as bond insurers to significantly modify their business processes. The new rule will require companies to report claim liabilities in circumstances of deteriorating credit, recognition of revenue for a cost of capital construct, and make public their risk management policies and provide more details on their watch list. Companies that write financial guaranty contracts should have a critical understanding of this new standard as it will have far reaching implications in their business model.
The Knowledge Congress is assembling a panel of distinguished professionals and key regulators to help you understand the Impact of Statement 163 on your firm and the broader market. The panel will present their findings, which include “Best Practices” in a two-hour Live webcast.
About Wallace Enman
Wallace Enman is is a member of Moody's Accounting Specialist group. He provides technical accounting support to the Life Insurance, Property and Casualty & Reinsurance, and Financial Guarantor teams.
Prior to joining Moody's in 2007, Wally was a Senior Manager in Ernst & Young, LLP's Transaction Advisory Services group, where he consulted and performed due diligence on mergers and acquisitions involving insurance companies. Wally had also worked for the General Reinsurance Corporation, in financial reporting and investment accounting.
He holds a BS degree in Accounting from Fairfield University and an MBA from NYU's Stern School of Business. Wally is a Certified Public Accountant (CPA) and a Chartered Property Casualty Underwriter (CPCU).
About Moody’s Investors Service
Moody's is an essential component of the global capital markets, providing credit ratings, research, tools and analysis that contribute to transparent and integrated financial markets. Moody's Corporation is the parent company of Moody's Investors Service, which provides credit ratings and research covering debt instruments and securities, and Moody's Analytics, encompassing the growing array of Moody's non-ratings businesses including Moody's KMV, a provider of quantitative credit analysis tools, Moody's Economy.com, which provides economic research and data services, and Moody's Wall Street Analytics, a provider of software for structured finance analytics.
For more information about Wallace Enman, and Moody's, please visit: www.moodys.com
About The Knowledge Congress
The Knowledge Congress is an organization that produces webcasts that examine regulatory changes across a variety of industries. “We bring together the world's leading authorities and industry participants through informative two-hour LIVE webcasts to study the impact of changing regulations.” To contact or to register for an event, please visit: www.knowledgecongress.org.