Paul Hastings’ John L. Douglas to Speak at KC’s Event on Deposit Insurance and Risk Based Assessments on 06/16/2009
Jersey City, NJ, March 27, 2009 --(PR.com)-- The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcast recently announced that John L. Douglas, Partner, Corporate Department, Paul Hastings, will speak at the Knowledge Congress’ upcoming webcast entitled: “Deposit Insurance and Risk Based Assessments”. This two-hour event is scheduled on June 16, 2009, Tuesday, 12:00 PM to 2:00 PM ET. For further details of the event and panelists, please visit http://www.knowledgecongress.org/event_2009_deposit.html
Event Synopsis:
Given increased pressure on the banking system, the FDIC raised its deposit insurance premiums on January 1 in order to replenish its own reserves. An additional rate hike is schedule to take effect in 2Q 2009. For many federally insured institutions, these effectively mandatory premiums are tripling or even quadrupling. While some are passing the expense to depositors, others have voiced concerns that it will be impossible to recoup all their costs in this way.
In this Live Webcast, some of the banking industry’s great minds share their sense of the best practices out there for managing FDIC premiums in a competitive environment. Topics addressed include the “large bank method” and other new provisions in the risk based assessment system as well as the prospect that additional bank failures may push premiums even higher.
About John L. Douglas
John Douglas practices in both the firm's Washington, D.C. and Atlanta offices. He concentrates his practice in the regulation of financial institutions, in mergers and acquisitions and other transactions involving banks and thrifts, and in advising officers, directors, and shareholders in such institutions.
Mr. Douglas was appointed General Counsel of the Federal Deposit Insurance Corporation in 1987 and continued in that capacity through 1989. This was a period of unprecedented stress on the financial system, and he was involved in the major bank failures and restructurings of the late 1980’s, participated in the landmark Financial Institutions Regulatory Reform and Restructuring Act of 1989 and assisted in the organization of the Resolution Trust Corporation.
Mr. Douglas is a frequent lecturer and author on matters relating to financial institutions. He is the Chairman of the Editorial Board of the Electronic Banking Law and Commerce Report and the author of “The U.S. Approach to the Regulation of E-Commerce,” 2 Business Law International 171 (2001); "Banking and Technology," University of North Carolina Law School Banking Law Institute, Volume 1, page 37 (1997); "Deposit Insurance Reform," 27 Wake Forest Law Review 11 (1992); and "Deposit Insurance, Current Problems and Proposals," in Current Issues Affecting Central Banks, Volume 1, page 191 (International Monetary Fund, 1992).
Mr. Douglas is a director of the Financial Services Volunteer Corp., a non-profit organization assisting countries as the work to develop strong banking and capital markets systems. In that capacity, he has advised the governments of Russia, Indonesia and Egypt, among others. He is also a member of the Financial Markets Tribunal of the Dubai Financial Services Authority, and a member of the Executive Committee of the University of North Carolina Law School’s Banking Law Symposium. He has been recognized in Best Lawyers in America, Euromoney’s Guide to the World’s Best Banking Lawyers, Law Business Research’s An International Who’s Who of Banking Lawyers and The Financial Times’ Who’s Who Legal International (Banking). He was recently named to the "BTI Client Service All-Star Team," a group of 113 lawyers recognized for exceptional service to Fortune 100 clients.
Mr. Douglas earned a J.D., magna cum laude, from the University of Georgia, where he was an editor of the Georgia Law Review, a member of the Order of the Coif, and a Woodruff Scholar. He earned a B.A., cum laude, in economics from Davidson College. He is a member of the State Bar of Georgia and the Bar of Washington D.C.
About Paul Hastings
Paul Hastings’ dynamic professionals deliver innovative solutions to the complex legal challenges encountered by the world’s top financial institutions and Fortune 500 companies.
With 18 offices in major business centers across Asia, Europe, and the U.S., Paul Hastings has the global reach and extensive capabilities to provide personalized service wherever their clients’ needs take them.
For more information on John L. Douglas, and Paul Hastings, please visit: http://www.paulhastings.com
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. “We bring together the world's leading authorities and industry participants through informative two-hour webcast that study the impact of changing regulations and help businesses succeed through proper regulatory compliance.”
Contact information:
The Knowledge Group, LLC/The Knowledge Congress Live Webcast Series
http://www.knowledgecongress.org
info@knowledgecongress.org
###
Event Synopsis:
Given increased pressure on the banking system, the FDIC raised its deposit insurance premiums on January 1 in order to replenish its own reserves. An additional rate hike is schedule to take effect in 2Q 2009. For many federally insured institutions, these effectively mandatory premiums are tripling or even quadrupling. While some are passing the expense to depositors, others have voiced concerns that it will be impossible to recoup all their costs in this way.
In this Live Webcast, some of the banking industry’s great minds share their sense of the best practices out there for managing FDIC premiums in a competitive environment. Topics addressed include the “large bank method” and other new provisions in the risk based assessment system as well as the prospect that additional bank failures may push premiums even higher.
About John L. Douglas
John Douglas practices in both the firm's Washington, D.C. and Atlanta offices. He concentrates his practice in the regulation of financial institutions, in mergers and acquisitions and other transactions involving banks and thrifts, and in advising officers, directors, and shareholders in such institutions.
Mr. Douglas was appointed General Counsel of the Federal Deposit Insurance Corporation in 1987 and continued in that capacity through 1989. This was a period of unprecedented stress on the financial system, and he was involved in the major bank failures and restructurings of the late 1980’s, participated in the landmark Financial Institutions Regulatory Reform and Restructuring Act of 1989 and assisted in the organization of the Resolution Trust Corporation.
Mr. Douglas is a frequent lecturer and author on matters relating to financial institutions. He is the Chairman of the Editorial Board of the Electronic Banking Law and Commerce Report and the author of “The U.S. Approach to the Regulation of E-Commerce,” 2 Business Law International 171 (2001); "Banking and Technology," University of North Carolina Law School Banking Law Institute, Volume 1, page 37 (1997); "Deposit Insurance Reform," 27 Wake Forest Law Review 11 (1992); and "Deposit Insurance, Current Problems and Proposals," in Current Issues Affecting Central Banks, Volume 1, page 191 (International Monetary Fund, 1992).
Mr. Douglas is a director of the Financial Services Volunteer Corp., a non-profit organization assisting countries as the work to develop strong banking and capital markets systems. In that capacity, he has advised the governments of Russia, Indonesia and Egypt, among others. He is also a member of the Financial Markets Tribunal of the Dubai Financial Services Authority, and a member of the Executive Committee of the University of North Carolina Law School’s Banking Law Symposium. He has been recognized in Best Lawyers in America, Euromoney’s Guide to the World’s Best Banking Lawyers, Law Business Research’s An International Who’s Who of Banking Lawyers and The Financial Times’ Who’s Who Legal International (Banking). He was recently named to the "BTI Client Service All-Star Team," a group of 113 lawyers recognized for exceptional service to Fortune 100 clients.
Mr. Douglas earned a J.D., magna cum laude, from the University of Georgia, where he was an editor of the Georgia Law Review, a member of the Order of the Coif, and a Woodruff Scholar. He earned a B.A., cum laude, in economics from Davidson College. He is a member of the State Bar of Georgia and the Bar of Washington D.C.
About Paul Hastings
Paul Hastings’ dynamic professionals deliver innovative solutions to the complex legal challenges encountered by the world’s top financial institutions and Fortune 500 companies.
With 18 offices in major business centers across Asia, Europe, and the U.S., Paul Hastings has the global reach and extensive capabilities to provide personalized service wherever their clients’ needs take them.
For more information on John L. Douglas, and Paul Hastings, please visit: http://www.paulhastings.com
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. “We bring together the world's leading authorities and industry participants through informative two-hour webcast that study the impact of changing regulations and help businesses succeed through proper regulatory compliance.”
Contact information:
The Knowledge Group, LLC/The Knowledge Congress Live Webcast Series
http://www.knowledgecongress.org
info@knowledgecongress.org
###
Contact
The Knowledge Congress
Thomas LaPointe, Jr., Executive Director
1.800.578.4370
www.knowledgecongress.org
Therese Lumbao, Director
Account Management & Member Services
tlumbao@knowledgecongress.org
Thomas LaPointe, Jr., Executive Director
1.800.578.4370
www.knowledgecongress.org
Therese Lumbao, Director
Account Management & Member Services
tlumbao@knowledgecongress.org
Contact
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