New York, NY, December 02, 2009 --(PR.com
)-- The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, has announced today that Gregory S. Feder, Of Counsel, Latham & Watkins LLP will speak at the Knowledge Congress’ upcoming webcast entitled: “New Interagency Guidance for Liquidity Risk Management”. This 2-hour event is scheduled for January 14, 2010, Thursday, at 12:00 PM - 2:00 PM EDT. (For further details of the event and an updated list of panelists, please visit: http://www.knowledgecongress.org/event_2010_Liquidity.html)
Our recent brush with financial catastrophe underscores need to lay out effective risk management guidelines for financial institutions. On June 30th, 2009 The Interagency Guidance on Funding and Liquidity Risk Management was issued by The Office of the Comptroller of the Currency (OCC), The Board of Governors of the Federal Reserve, The Federal Deposit Insurance Corporation (FDIC), and The National Credit Union Administration (NACUA) to help regulate funding and liquidity risk issues and step up industry liquidity risk management (LRM) practices. The goal of the guidance is to encourage bank liquidity risk management practices to be more similar to the liquidity risk principle issued by the Basel Committee on Banking Supervision (BCBS) in 2008. Currently, the BCBS principles are primarily for large institutions however when the new guidance is finalized, it will apply to all domestic financial institutions which would include banks, thrifts, and credit unions.
This guidance aims to be more direct with respect to liquidity risk management practices including citing the absence of a good LRM program as the basis of the declaration of an unsafe and unsound financial practice. Financial institutions will be required to have a complete and thorough risk management program in place which identifies measures and controls risk. Firms will be required to have realistic and thorough cash flow projections with a diverse asset portfolio and solid capital reserves.
When, what and how these new regulations will affect the industry and individual firm is the subject of much discussion. The Knowledge Group has assembled a group of key thought leaders and experts to help you understand the impact of this new guidance and how it may impact your firm. Join this live webcast and you will leave with a solid understanding of the new guidance making you a highly valued member of your firm’s liquidity risk management practice.
About Gregory S. Feder
Gregory S. Feder is counsel in the firm's Washington, D.C. office and is a member of the Financial Regulatory Practice. In this role, he provides state and federal regulatory counseling and transactional representation of financial institutions, financial services firms and non-financial companies in the areas of privacy and data security; corporate governance, document retention, and internal controls; payment systems; co-branded and corporate card programs; retail and institutional product development and distribution; electronic banking and commerce; check imaging; digital signatures; anti-money laundering; anti-tying; margin lending and capital markets.
Mr. Feder has represented clients before state and federal regulators, including the Federal Reserve, Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation, Office of Thrift Supervision, Securities and Exchange Commission, National Association of Securities Dealers and New York Stock Exchange.
About Latham & Watkins LLP
With more than 2,300 attorneys in 28 offices in the United States, Europe and Asia, including nearly 100 healthcare and life sciences attorneys, Latham has specific experience with the nuanced regulations that govern the healthcare and life sciences industries, including those related to fraud and abuse, FDA regulations, Medicare/Medicaid reimbursement, healthcare regulatory requirements, HIPAA, privacy regimes, financing regulation, tax exemption, ICH standards, managed care law, licensing, international coverage and reimbursement, rules of advertising and co-promotion, and clinical trials in the US and Europe.
For more information about Gregory S. Feder, and Latham & Watkins LLP, please visit: www.lw.com
About The Knowledge Group, LLC/The Knowledge Congress Live Webcast Series
The Knowledge Congress is a series of live webcasts produced by The Knowledge Group, LLC, which examine trends, regulatory, and technology changes across a variety of industries. “We bring together the world's leading authorities and industry participants through informative two-hour webcasts that study the impact of changing regulations and help businesses succeed through proper regulatory compliance.” To contact or to register to an event, please visit: www.knowledgecongress.org.