Preston Thompson, Executive Director, Financial Services Risk Management, Ernst & Young LLP to Speak at KC’s The Federal Reserve's Enhanced Supervision Standards

New York, NY, August 07, 2012 --(PR.com)-- The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, has announced today that Preston Thompson, Executive Director, Financial Services Risk Management, Ernst & Young LLP, will speak at a 2-hour webcast entitled “The Federal Reserve's Enhanced Supervision Standards LIVE Webcast.” This event is scheduled for October 11, 2012 from 12pm-2pm (ET).

About Preston Thompson

Preston Thompson is an Executive Director in the Financial Services Office of Ernst & Young LLP. Preston co-leads our capital planning efforts which focuses on those firms subject to Basel II ICAAP or the Federal Reserve’s Capital Plan rule and associated stress testing regime (i.e., CCAR). His areas of expertise include many aspects of banking regulation and supervision with special emphasis on capital regulation, risk management and controls, and supervision of systemically important institutions.

Preston joined E&Y in 2011 after more than 18 years within the Federal Reserve System. One of Preston’s principle responsibilities was acting as the Federal Reserve System’s Basel II Coordinator. In that capacity Preston was responsible for overseeing virtually all aspects of Basel II implementation and qualification in the US. Preston led a number of multi-disciplinary teams that included subject matter experts across a wide range of specific risk dimensions.

Since joining E&Y Preston has been involved in a number of engagements that include Basel II assistance, CCAR and capital planning efforts and preparations for various elements of the Dodd-Frank Act.

About Ernst & Young

Ernst & Young is a global leader in assurance, tax, transaction and advisory services. Worldwide, their 152,000 people are united by their shared values and an unwavering commitment to quality. They make a difference by helping their people, their clients and their wider communities achieve their potential.

Ernst & Young refers to the global organization of member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.

For more information about Preston Thompson and Ernst & Young LLP, please visit: www.ey.com

Event Synopsis:

The Late December notice made by Federal Reserve System regarding Enhanced Prudential Supervision will likely have a major impact on financial institutions.

The Knowledge Group is assembling a team of experts that will provide a comprehensive overview of the proposals. They will discuss the substantive provisions of these rules as well their impact on the financial services industry and all other businesses impacted. A live interaction with the audience in a question and answer format is also included in this event.

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. Its mission is to produce unbiased, objective, and educational live webcasts that examine industry trends and regulatory changes from a variety of different perspectives. The goal is to deliver a unique multilevel analysis of an important issue affecting business in a highly focused format.

The organization brings together the world's leading authorities and industry participants through informative two-hour webcasts to study the impact of changes and emerging trends. Hear from leading government officials/regulators, key thought leaders, and industry experts objectively analyze the latest trends and issues and their impact on industries. For further details, please visit the organization’s website: www.knowledgecongress.org