New York, NY, June 08, 2008 --(PR.com
)-- The Knowledge Congress, the leading producer of regulatory focused teleconferences, has announced today that it has scheduled a live teleconference and webinar on Basel II Standardized Approach for Small Banks - Implementation & Post Implementation Issues. This two-hour event is scheduled on Thursday, July 31, 2008 at 1:00 PM to 3:00 PM (EDT – New York).
The new Basel II rules took effect last January 1, 2008. The aim of these rules is to set up a criterion that will serve as a guideline in enacting regulations that will protect banks against financial and operational risks and, at the same time, avoid the collapse of their business. Compliance with these rules will result in the segregation of the securitized assets from calculation of risk weighted assets in case the credit risk connected to the assets are handed over to third parties. The transferring bank may still continue to service the assets but such bank and its creditors will not be able to get hold of these. Banks, especially the smaller ones are encouraged to take note of this since they are the first ones who will benefit from it. The Knowledge Congress has assembled a panel of experts who will share their opinions in a two-hour teleconference and webinar. They will discuss the substantive provisions of these rules as well their impact on the banking business. A live interaction with the audience in a question and answer format is also included in this event.
Mark E. Van Der Weide, Senior Counsel, Federal Reserve Board
Teresa A. Scott, Counsel (Banking & Finance), Regulations and Legislation Division, Office of Thrift Supervision
Michael Stevens, Senior Vice President, Regulatory Policy, Conference of State Bank Supervisors (CSBS)
Michael E. Bleier, Partner, Reed Smith LLP
Jeff Brown, Promontory Financial Group, LLC
For updated list of the faculty panel, please visit: http://www.knowledgecongress.org/event_2008_basel2.html
About The Knowledge Congress
The Knowledge Congress is an organization that produces teleconferences and webinars 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 and help businesses succeed through proper regulatory compliance.”