The Knowledge Congress Has Scheduled a Live Webinar on Rule 163 New Rules for Bond Insurers

New York, NY, September 17, 2008 --(PR.com)-- The Knowledge Congress, the leading producer of regulatory focused webcasts, announced today that it has scheduled a live webcast on Rule 163 New Rules for Bond Insurers. This two-hour event is scheduled on Monday, March 30, 2009, at 12:00 PM - 2:00 PM (ET – New York).

In an effort to increase transparency and consistency to the financial guaranty industry, The Financial Accounting Standards Board introduced Statement No. 163 which will require insurance companies such as bond insurers to significantly modify their business processes. The new rule will require companies to report claim liabilities in circumstances of deteriorating credit, recognition of revenue for a cost of capital construct, and make public their risk management policies and provide more details on their watch list. Companies that write financial guaranty contracts should have a critical understanding of this new standard as it will have far reaching implications in their business model.

The Knowledge Congress is assembling a panel of distinguished professionals and key regulators to help you understand the Impact of Statement 163 on your firm and the broader market. The speakers will present their expert opinions in a two-hour Live webcast.

Speakers/Faculty Panel

Joseph Fritsch, Director of Insurance Accounting Policy, New York State Insurance Department

Wallace Enman, Vice President – Senior Accounting Analyst, Moody’s Investors Service

Matthew T. O'Grady, Managing Director, Trading & Underwriting, Herbert J.Sims & Company, Inc.

For updated list of the faculty panel, please visit: http://www.knowledgecongress.org/event_2008_R163.html

About The Knowledge Congress

The Knowledge Congress is an organization that produces webcasts that examine regulatory changes across a variety of industries. “We bring together the world's leading authorities and industry participants through informative two-hour webcasts that study the impact of changing regulations and help businesses succeed through proper regulatory compliance.”

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