New York, NY, July 30, 2010 --(PR.com
)-- The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, announced today that it has scheduled a live webcast entitled: “New Rules on Asset Backed Securities.” This two-hour event is scheduled on August 26, 2010 at 12:00 PM - 2:00 PM ET.
With the nearly catastrophic crash of the market in 2008 on the minds of many, regulators are hotly pursuing legislation aimed at tightening up rules governing bank-created asset backed securities. Recall these assets (some of which were highly toxic) were spliced into the entire financial system setting off the panic. In an effort to reign this in, the FDIC has recently proposed that banks hold onto at least 5% of these securities (which may include mortgages, car loans, and other asset backed transaction) or risk government seizure of these assets in the event of a failure. The SEC has also proposed a similar rule. Industry titans on both sides of the debate have lined up to voice their support or opposition. As with everything, the devil is in the details and there are many questions regarding this proposed bill’s implementation.
The Knowledge Group has assembled a team of key experts to help you make sense of this important new proposed law and its impact on your firm. Early registration is recommended as space is limited.
John Kiff, Senior Economist, International Monetary Fund
Jordan E. Yarett, Partner, Co-Head, Finance Group, Paul, Weiss, Rifkind, Wharton & Garrison LLP
Dr. Faten Sabry, Senior Vice President, NERA Economic Consulting
Chuck Weilamann, Senior Vice President, U.S. & European Structured Finance, DBRS, Inc.
For updated list of the faculty panel, please visit:
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 webcast 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.