Preston Thompson, Executive Director, Ernst & Young to Speak at KC’s Final Stress Testing Guidance for Large Banks with Implications on Smaller Institutions Explored

New York, NY, October 11, 2012 --(PR.com)-- The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, has announced that Preston Thompson, Executive Director, Ernst & Young will speak at the Knowledge Congress’ webcast entitled: “Final Stress Testing Guidance for Large Banks with Implications on Smaller Institutions Explored.” This event is scheduled on December 17, 2012 from 12:00 PM to 2:00 PM ET.

For more info, follow: http://www.knowledgecongress.org/event_2012_Final_Stress_Testing.html

Event Synopsis:

The Federal Reserve Board, the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation issued final guidance regarding stress testing. The guidance provides approaches and applications to be used for a satisfactory testing. This is to ensure that large banks have effective policy framework that could help them build appropriate risk management policies. While the regs are aimed primarily at the larger banks, all financial institutions should understand what’s happening as it’s only a matter of time before significant elements of these policies trickle down to the smaller institutions.

To explore and explain the new stress testing guidance, the Knowledge Group is putting together a panel of experts to help CFO’s, Finance Executives, Advisers, and Attorneys understand its implications. The speakers will share their expert opinions in a two-hour Live Webcast.

About Preston Thompson

Preston Thompson is an Executive Director in the Financial Services Office (FSO) of Ernst & Young LLP. Preston co-leads the FSO’s capital planning efforts which focus 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. He advises EY global financial services clients on issues related to capital, risk management, and governance, as well as evolving supervisory policy trends and their implications with a focus on developing business-practical strategies to address specific regulatory directives or concerns.

Preston joined EY in 2011 after more than 18 years within the Federal Reserve System. One of his 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. He led a number of multi-disciplinary teams that included subject matter experts across a wide range of specific risk dimensions. Preston and his teams worked closely to develop strategies that further articulated the qualification expectations and to assess individual institutions’ progress towards meeting the various requirements. Preston was also responsible for coordinating interactions between the Federal Reserve and other US regulators.

About Ernst & Young

The relationship between risk and performance improvement is an increasingly complex and central business challenge, with business performance directly connected to the recognition and effective management of risk. Whether your focus is on business transformation or sustaining achievement, having the right advisors on your side can make all the difference. Our 25,000 advisory professionals form one of the broadest global advisory networks of any professional organization, delivering seasoned multidisciplinary teams that work with our clients to deliver a powerful and superior client experience. We use proven, integrated methodologies to help you achieve your strategic priorities and make improvements that are sustainable for the longer term. We understand that to achieve your potential as an organization you require services that respond to your specific issues, so we bring our broad sector experience and deep subject matter knowledge to bear in a proactive and objective way. Above all, we are committed to measuring the gains and identifying where the strategy is delivering the value your business needs. It’s how Ernst & Young makes a difference. For further information, please visit www.ey.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. 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.