New York, NY, April 20, 2012 --(PR.com
)-- The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, has announced today that Michael H. Krimminger, General Counsel, Federal Deposit Insurance Corporation, will speak at a 2-hour webcast entitled “Dodd-Frank: Leverage and Risk-Based Capital Requirements For Banks (SEC. 171) LIVE Webcast.” This event is scheduled for May 17, 2012 from 12:00 PM to 2:00 PM (ET).
About Michael H. Krimminger
Mr. Krimminger is the General Counsel for the Federal Deposit Insurance Corporation. Prior to this appointment he was Deputy to the Chairman for Policy, serving as the Chairman’s advisor and directing policy initiatives on a wide variety of banking and financial institution crisis and resolution, mortgage finance, international coordination, capital markets, and legal issues. He co-chairs the Basel Committee on Banking Supervision’s Cross Border Resolutions Working Group, which recently issued its recommendations for international infrastructure improvements, and the Basel Committee and International Association of Deposit Insurer’s working group that developed Core Principles for Effective Deposit Insurance Systems.
Mr. Krimminger is a graduate of the University of North Carolina and received his J.D., with Distinction, from Duke University School of Law. Mr. Krimminger has published a number of analyses of banking and insolvency issues. Recent publications include “It’s Alive!” – Mortgage Risk Reborn: Issues and Possible Solutions,” “Adjusting the Rules: What Bankruptcy Reform Will Mean for Financial Market Contracts,” and “Controlling Moral Hazard in Bank Resolutions: Comparative Policies & Considerations in System Design.”
Even before the last economic Tsunami, there have been continuing efforts to revise the banking and finance industry’s capital requirements. First came Basel I the Basel II then … well you get the idea. The financial meltdown led to Dodd-Frank – the most sweeping regulatory reforms in nearly 100 years. Included in Dodd-Frank is the Collins Amendment which aims to lay out minimum leverage and risk based capital requirements for nearly all companies that are supervised by the Federal Reserve. This includes companies that in the past would not normally be considered or regulated as banks. While aimed at the largest so called Tier 1 institutions, everyone should be aware of these important regulations as they represent the new paradigm under which all institutions regulated by the Fed will need to follow. Under the Collins Amendment, financial institutions are required to follow the generally applicable leverage capital requirements and generally applicable risk-based capital requirements. These also include understanding the most significant issues in the mix including:
- Financial Subsidiary Deductions
- Basel III and Capital
- Effects of the Application of the Collins Amendment to financial institutions
- Up to the minute regulatory updates
A panel of industry leaders and governance experts is being assembled by the Knowledge Group to discuss compliance policies under the Collins Amendments. Their presentation will be aired in a Live two-hour Webcast.
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. Its mission is to produce unbiased, objective, and educational live webcasts that examine industry trends and regulatory changes from a variety of different perspectives. The goal is to deliver a unique multilevel analysis of an important issue affecting business in a highly focused format.
The organization brings together the world's leading authorities and industry participants through informative two-hour webcasts to study the impact of changes and emerging trends. Hear from leading government officials/regulators, key thought leaders, and industry experts objectively analyze the latest trends and issues and their impact on industries. For further details, please visit the organization’s website: www.knowledgecongress.org