Michael L. Stevens, SVP & Director of Regulatory Affairs at the CSBS to Speak at KC’s Event on Basel II Standardized Approach for Small Banks on 07/31/08
New York, NY, July 04, 2008 --(PR.com)-- The Knowledge Congress, the leading producer of regulatory focused teleconferences has announced today that Michael L. Stevens, SVP & Director of Regulatory Affairs at the Conference of State Bank Supervisors (CSBS) will speak at the Knowledge Congress’ upcoming teleconference entitled: “Basel II Standardized Approach for Small Banks - Implementation & Post Implementation Issues”. This two-hour event is scheduled for July 31, 2008, Thursday, starting from 1:00 PM EDT. (For further details of the event and an updated list of panelists, please visit: http://www.knowledgecongress.org/event_2008_basel2.html)
The new Basel II rules took effect last January 1, 2008. The aim of these rules is to set up a criterion that will serve as a guideline in enacting regulations that will protect banks against financial and operational risks and, at the same time, avoid the collapse of their business. Compliance with these rules will result in the segregation of the securitized assets from calculation of risk weighted assets in case the credit risk connected to the assets are handed over to third parties. The transferring bank may still continue to service the assets but such bank and its creditors will not be able to get hold of these. Banks, especially the smaller ones are encouraged to take note of this since they are the first ones who will benefit from it.
The Knowledge Congress has assembled a panel of experts who will share their opinions in a two-hour teleconference and webinar. They will discuss the substantive provisions of these rules as well their impact on the banking business. A live interaction with the audience in a question and answer format is also included in this event.
About Michael L. Stevens
Mike serves as Senior Vice President and Director of Regulatory Affairs for the Conference of State Bank Supervisors (CSBS). In this capacity, Mike represents the state banking system in the development of federal regulatory policy in the areas of consumer protection and safety and soundness. He is also responsible for any issues related to the coordination and cooperation between state and federal regulators. Mike serves as the staff director for the Regulatory Committee, State Federal Working Group, and the FFIEC’s State Liaison Committee. Prior to this assignment, Mike worked in all facets of CSBS’s Professional Development Division. He is a frequent instructor and speaker on bank examination, bank financial analysis and leadership issues. Mike serves on the faculty of the Graduate School of Banking at Colorado, the Texas Tech Bank School and the Graduate School of Bank Investments and Financial Management. Prior to joining CSBS in 1999, Mike was a bank examiner for the Iowa Division of Banking for 11 years.
Mike is a graduate of the University of Nebraska at Omaha. He lives in Ashburn, Virginia with his wife,Becki,and two children.
About The Conference of State Bank Supervisors (CSBS)
Founded in 1902 as a clearinghouse for ideas to solve common problems of state bank regulators, the Conference of State Bank Supervisors (CSBS) has evolved into a vital force that strengthens state banking departments. For one hundred years, CSBS has been uniquely positioned as the only national organization dedicated to protecting and advancing our nation's dual banking system. Through CSBS, state bank regulatory agencies and state-chartered banks continue to champion a system that offers competitive chartering options, efficient and effective supervision, and a lower cost of regulation for all banks.
For more information about Michael L. Stevens and the Conference of State Bank Supervisors (CSBS), please visit: http://www.csbs.org.
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 to study the impact of changing regulations.” To contact or to register to an event, please visit: www.knowledgecongress.org.
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The new Basel II rules took effect last January 1, 2008. The aim of these rules is to set up a criterion that will serve as a guideline in enacting regulations that will protect banks against financial and operational risks and, at the same time, avoid the collapse of their business. Compliance with these rules will result in the segregation of the securitized assets from calculation of risk weighted assets in case the credit risk connected to the assets are handed over to third parties. The transferring bank may still continue to service the assets but such bank and its creditors will not be able to get hold of these. Banks, especially the smaller ones are encouraged to take note of this since they are the first ones who will benefit from it.
The Knowledge Congress has assembled a panel of experts who will share their opinions in a two-hour teleconference and webinar. They will discuss the substantive provisions of these rules as well their impact on the banking business. A live interaction with the audience in a question and answer format is also included in this event.
About Michael L. Stevens
Mike serves as Senior Vice President and Director of Regulatory Affairs for the Conference of State Bank Supervisors (CSBS). In this capacity, Mike represents the state banking system in the development of federal regulatory policy in the areas of consumer protection and safety and soundness. He is also responsible for any issues related to the coordination and cooperation between state and federal regulators. Mike serves as the staff director for the Regulatory Committee, State Federal Working Group, and the FFIEC’s State Liaison Committee. Prior to this assignment, Mike worked in all facets of CSBS’s Professional Development Division. He is a frequent instructor and speaker on bank examination, bank financial analysis and leadership issues. Mike serves on the faculty of the Graduate School of Banking at Colorado, the Texas Tech Bank School and the Graduate School of Bank Investments and Financial Management. Prior to joining CSBS in 1999, Mike was a bank examiner for the Iowa Division of Banking for 11 years.
Mike is a graduate of the University of Nebraska at Omaha. He lives in Ashburn, Virginia with his wife,Becki,and two children.
About The Conference of State Bank Supervisors (CSBS)
Founded in 1902 as a clearinghouse for ideas to solve common problems of state bank regulators, the Conference of State Bank Supervisors (CSBS) has evolved into a vital force that strengthens state banking departments. For one hundred years, CSBS has been uniquely positioned as the only national organization dedicated to protecting and advancing our nation's dual banking system. Through CSBS, state bank regulatory agencies and state-chartered banks continue to champion a system that offers competitive chartering options, efficient and effective supervision, and a lower cost of regulation for all banks.
For more information about Michael L. Stevens and the Conference of State Bank Supervisors (CSBS), please visit: http://www.csbs.org.
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 to study the impact of changing regulations.” To contact or to register to an event, please visit: www.knowledgecongress.org.
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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
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