The Knowledge Group
The Knowledge Group

Louis Fanzini, Director of Technical Accounting and Research, Credit Suisse to Speak at KC’s Event on Understanding 157-e: Fair Value Redefined 4/23/2009

Jersey City, NJ, March 25, 2009 --( The Knowledge Congress, the leading producer of regulatory focused webcast announced today that Louis Fanzini, Director of Technical Accounting and Research, Credit Suisse will speak at the Knowledge Congress’ upcoming webcast entitled: “Understanding 157-e: Fair Value Redefined”. This 2-hour event is scheduled on April 23, 2009, Thursday at 12:00 NN – 2:00 PM ET. (For further details of the event and an updated list of panelists, please visit:

In an effort to help banks avoid fire-sale prices of their most toxic assets, the FASB has proposed sweeping changes to current mark to market accounting rules. Under the new rules, called 157-e, banks will be allowed to set their own values for certain troubled and difficult-to-value assets such as distressed mortgages and loans (consumer & corporate). While many institutions are lining up to take advantage of the new regulations, others are voicing concerns over how 157-e will impact the Treasury’s plan to remove toxic assets from the system. In all this confusion, one thing remains certain: economic recovery will be difficult if not impossible unless we continue to re-evaluate the way we do business.

The Knowledge Group has assembled a team of key thought leaders and experts to help you understand the impact of 157-e on your business. Understanding 157-e: Fair Value Redefined Live webcast is a must attend event for professionals and firms impacted by issues surrounding fair value.

About Louis (Lou) Fanzini

Louis (Lou) Fanzini is a Senior Director of Technical Accounting and Research at Credit Suisse. In this role, he holds a leadership position focusing on providing both US and IFRS technical accounting advice on all investment banking matters.

Lou is a former FASB Industry Fellow and served as a project manager on accounting and reporting matters related to financial instruments and the investment banking and broker-dealer industries.

Lou has previously held positions in the front office as an equity analyst, a technical accounting advisor in J.P. Morgan & Co’s accounting policy group and as a public accountant leading audit engagements of broker-dealers, banks, and hedge funds.

Lou is a frequent speaker at seminars and conferences focusing on accounting issues related to financial instruments and other technical accounting developments. He holds a master’s degree from Fordham University in Finance and Management is a CPA and holds Series 7 and 63 General Securities licenses.

About Credit Suisse

Credit Suisse is a leading global financial services company, offering clients financial advice in all aspects of private banking, investment banking and asset management.

For more information about Lou Fanzini and Credit Suisse, please visit:

About The Knowledge Congress

The Knowledge Congress is an organization that produces webinars 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 webinars to study the impact of changing regulations.”

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