New York, NY, April 27, 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 recent economic downturn, there had been continuing efforts to revise capital requirements of global banking firms through the Basel Committee of the Bank for International Settlements (Basel). The financial meltdown accelerated these efforts and led to Dodd-Frank –the most sweeping regulatory reforms in nearly 100 years. Through provisions such as the Collins amendment and enhanced prudential standards for significantly important financial institutions (so-called SIFIs), Dodd-Frank fundamentally changes capital requirements of U.S. banking institutions and may impose capital requirements on non-banking companies previously exempt from the capital rules. In addition, enhanced supervisory efforts (like stress-testing) and new capital and liquidity standards imposed under Basel III are causing financial firms to reevaluate the sufficiency of their capital in relation to their assets, activities and underlying risks. This event will provide an overview of the most significant changes expected from Basel and Dodd-Frank, including:
- Basel III
- the Collins amendment,
- enhanced prudential capital standards applicable to SIFIs, and
- annual capital plans (CCAR), stress-testing, and other supervisory issues.
It will also discuss the implications of these changes, including:
- increases in overall capital requirements (new minimums and buffer requirements),
- elimination of trust preferred securities as a form of Tier 1 capital,
- capital deductions for certain assets (e.g., MSRs, deferred tax assets, investments in financial
- applicable phase-in periods
A panel of industry leaders and governance experts is being assembled by the Knowledge Group to discuss these sweeping capital developments and what they mean for the financial services industry. The 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