New York, NY, June 21, 2008 --(PR.com
)-- The Knowledge Congress, the leading producer of regulatory focused teleconferences has announced today that Michael J. Schozer, President of Assured Guaranty Corp. will speak at the Knowledge Congress’ upcoming teleconference and webinar entitled: “Bond Insurance in a Changing Market and Regulatory Environment: What to Expect?”. This 2-hour event is scheduled for July 1, 2008, Tuesday, at 1:00 PM - 3:00 PM EDT. (For further details of the event and an updated list of panelists, please visit: http://www.knowledgecongress.org/event_2008_BondInsurance.html)
Bond insurance companies are being monitored by a number of investment firms to make sure they can sustain any loss brought about by collateralized debt obligations with high-risk mortgage-backed securities. Issuers and borrowers should examine bond transactions that are tax-exempt as a precautionary measure in case a downgrade occurs. It is also important in examining agreements entered into by issuers and in case there is a need in changing credit and liquidity support bonds secured by a letter of credit. Non-profit organizations that are classified as bond issuers or conduit borrowers should take note of this issue so that preventive measures may be taken if necessary.
The Knowledge Congress has assembled a panel of experts to discuss the important aspects of this issue. The panel will present their findings, which include “Best Practices” in a two-hour teleconference and webinar.
About Michael J. Schozer
Michael Schozer has been President of Assured Guaranty Corp. since December 2003.
Prior to joining Assured Guaranty, Mr. Schozer was Managing Director, Structured Finance and Credit Derivatives at Ambac Assurance Corporation (Ambac). He joined Ambac in 1996 and was responsible for the CDO, credit derivatives, large equipment leasing securitization, and structured insurance businesses. Mr. Schozer was also a member of Ambac's senior credit committee.
Prior to joining Ambac, he was a director in the debt capital markets business of Barclays Bank, where he ran the North American Structured Products Group. Previously, he had worked on the interest rate and currency swaps desk. Mr. Schozer began his career in public accounting and worked at both KPMG and Ernst & Young.
Michael Schozer holds a B.S. from the University of Pennsylvania and an M.B.A. from the University of Virginia.
About Assured Guaranty Corp.
Assured Guaranty Corp., a triple-A (stable) rated company from all three major rating agencies is a leading provider of financial guaranty and credit enhancement products to investors, financial institutions and other participants in the global capital markets.
Assured Guaranty Ltd. is a Bermuda-based holding company whose subsidiaries provide credit enhancement products to the capital markets through its three principal insurance subsidiaries: Assured Guaranty Corp., Assured Guaranty (UK) Ltd. and Assured Guaranty Re Ltd.
For more information about Michael J. Schozer and Assured Guaranty Corp., please visit: http://www.assuredguaranty.com
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 and webinars to study the impact of changing regulations.” To contact or to register for an event, please visit: www.knowledgecongress.org.