The Knowledge Group
The Knowledge Group

John Mingo, Senior Advisor, Promontory Financial Group to Speak at KC’s Basel II LIVE Teleconference for Banks (New Risk-Based Capital Rules) in September 27, 2007

New York, NY, September 07, 2007 --( The Knowledge Congress, the leading producer of regulatory focused teleconferences has announced today that John Mingo, Senior Advisor, Promontory Financial Group will speak at the Knowledge Congress’ upcoming teleconference entitled: “Basel II LIVE Teleconference for Banks (New Risk-Based Capital Rules)” This 2-hour event is scheduled for September 27, 2007 at 1:00 pm EST. (For further details and an updated list of panelists, please visit:

The Federal Reserve, the Office of the Comptroller of the Currency, the Office of Thrift Supervision and the Federal Deposit Insurance Corporation have recently reached an agreement regarding Basel II implementation. The agreement will lead to the implementation of a new Risk-Based Capital Rules for Commercial Banks. Basel II is said to be the largest and most comprehensive issue faced by financial services institutions. As many organizations begin to take steps down the path to Basel II compliance, management must be extremely cautious.

The Knowledge Congress has assembled a team of experts to help companies understand the new regulations and analyze the changes and their impact on the companies servicing the industry. These experts will present their findings, which includes a "best practice" panel at a comprehensive two-hour live teleconference.

About John Mingo

John Mingo is a Senior Advisor for the Promontory Financial Group in Washington, D.C. His specialty is Basel II, internal Economic Capital, and more broadly, the measurement, management, regulation, and supervision of risk at major financial institutions.

From 1999 to 2006, Mr. Mingo was founder and Managing Director of Mingo & Co., a consulting firm specializing in the measurement, management, and regulation of bank risk. He served as the senior advisor to the RMA Capital Working Group, a group consisting of the heads of Economic Capital at each of the major banking companies in the U.S. and Canada. The RMA Capital Working Group has produced over two dozen technical papers on the Basel II process and the internal risk measurement procedures pertaining to Basel II at major institutions. At Promontory, Mr. Mingo continues in his role advising the RMA Group as well as individual members of the Group.

During most of the 1990’s, Mr. Mingo was Senior Advisor, Division of Research & Statistics, Board of Governors, Federal Reserve System. His areas of responsibility included policy and research pertaining to bank capital standards, risk management of banks, and resolution of troubled institutions. He was co-chair of the System Task Force on Internal Credit Risk Models and a member of the System Task Force on Staff Competencies, Compensation, and Coordination. Mr. Mingo played a key role in the early recognition by Federal Reserve staff of the inefficiencies associated with the Basle capital standard, along with its ineffectiveness as a soundness measurement for large, complex banking organizations.

Mr. Mingo spent the 1980's as a consultant, first as Managing Director, BEI Golembe, Inc. and then as a founding principal of the Potomac Financial Group. During this time, Mr. Mingo’s principal area of activity was in the merger and acquisition arena, with special emphasis on capital planning and the financial restructuring of troubled banks and thrifts. He successfully managed several of the largest branch divestitures in history at that time.

During the 1970's, Mr. Mingo was actively involved in the setting of bank regulatory policy, first as Senior Research Division Officer at the Federal Reserve Board and next as Deputy Assistant Secretary of the Treasury for Capital Markets Policy. He was instrumental in the passage of the 1980 legislation deregulating deposit interest ceilings. He appears often as a speaker on regulatory matters and his research has appeared in such journals as the Journal of Finance, the Journal of Banking and Finance, and the American Economic Review. Mr. Mingo received his Ph.D. in economics from Brown University and a B.A., also in economics, from Yale University.

About The Promontory Financial Group

Promontory Financial Group is a premier consulting firm for financial services companies throughout the world. Since our founding in 2001, we have worked successfully to resolve a multitude of problems faced by our clients on almost every continent. Typically, we have assisted our clients in resolving the most urgent challenges they face today, and we have helped them identify and mitigate the risks that could become problems in the future. Our client successes are the result of the energy, commitment and expertise of our extraordinarily talented professional team. The successes we have had for our clients to date are the best testament to what we can offer clients in the future.

Our clients benefit from our multi-disciplinary approach -- incorporating into our analysis and work products the benefits of our team’s broad and deep expertise in all aspects of finance and financial institution regulation. Our practice has a core proficiency in assessing and redesigning risk management, compliance and other control mechanisms; it is equally strong in evaluating and improving upon corporate governance systems. Accordingly, our professionals are sought out by Boards of Directors, Chairmen, and Chief Executive Officers who are tackling large, complex and sensitive problems.

Promontory is unique in that our professionals have served as leaders at the highest ranks of federal and state regulatory agencies, Wall Street, and Fortune 100 corporations in the financial services sector. Our hands-on expertise includes global and national financial services regulatory policy, macro-economic and interest-rate policy, as well as comprehensive familiarity with the legislative, regulatory and judicial mechanisms that shape the financial services industry.

We are recognized experts in quantitative and qualitative risk management, internal controls, finance, corporate governance, anti-money laundering and Bank Secrecy Act compliance. We understand both the complexities and the constraints of today's sophisticated financial marketplace. We pride ourselves on leading the industry in the combination of expertise, focus, and senior-level experience we offer our clients.

For more information about John Mingo and the Promontory Financial Group, please visit:

About The Knowledge Congress

The Knowledge Congress is an organization that produces teleconferences that examine regulatory changes across a variety of industries. “We bring together the world's leading authorities and industry participants through informative two-hour teleconferences to study the impact of changing regulations.” To contact or to register to an event, please visit:

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