Jeffrey A. Brown, Managing Director, Promontory Financial Group 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 Jeffrey A. Brown, Managing Director of Promontory Financial Group will speak at the Knowledge Congress’ upcoming teleconference entitled: “Basel II Standardized Approach for Small Banks - Implementation & Post Implementation Issues”. This event is scheduled for July 31, 2008, Thursday, from 1:00 PM - 3:00 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 Jeffrey A. Brown
Mr. Brown is a Managing Director at Promontory Financial Group, specializing in Basel II capital standards, credit scoring, and risk management. He has over fifteen years experience working with the Office of the Comptroller of the Currency (OCC).
Prior to joining Promontory, Mr. Brown was the Senior Deputy Comptroller for International and Economic Affairs at the OCC. There, he was responsible for providing economic expertise, fostering relationships with foreign supervisors, and preparing the agency to examine quantitative aspects of regulatory capital determination under forthcoming Basel II standards. As a member of the OCC’s Executive Committee, he contributed to the strategic direction and administrative policy of the agency.
Earlier, Mr. Brown served as Director of the OCC’s Risk Analysis Division, where he was responsible for examining banks’ use of credit scoring models and training other examiners. He was a member of the Basel II Steering Committee, responsible for advice on policy positions and the development of implementation plans.
Mr. Brown has contributed to numerous publications and conferences related to credit rating and risk management. He holds a B.A. in Political Science and Economics from the University of Iowa and a Ph.D. in Economics from Brown University.
About Promontory Financial Group
Promontory Financial Group is a premier consulting firm for financial services companies throughout the world. Since their founding in 2001, they have worked successfully to resolve a multitude of problems faced by our clients on almost every continent. Typically, they have assisted their clients in resolving the most urgent challenges they face today, and they have helped them identify and mitigate the risks that could become problems in the future. Their client successes are the result of the energy, commitment and expertise of their extraordinarily talented professional team. The successes they have had for their clients to date are the best testament to what we can offer clients in the future.
Their clients benefit from their multi-disciplinary approach -- incorporating into our analysis and work products the benefits of our team’s broad and deep expertise in all aspects of finance and financial institution regulation. Their practice has a core proficiency in assessing and redesigning risk management, compliance and other control mechanisms; it is equally strong in evaluating and improving upon corporate governance systems. Accordingly, their professionals are sought out by Boards of Directors, Chairmen, and Chief Executive Officers who are tackling large, complex and sensitive problems.
Promontory is unique in that their professionals have served as leaders at the highest ranks of federal and state regulatory agencies, Wall Street, and Fortune 100 corporations in the financial services sector. Their hands-on expertise includes global and national financial services regulatory policy, macro-economic and interest-rate policy, as well as comprehensive familiarity with the legislative, regulatory and judicial mechanisms that shape the financial services industry.
They are recognized experts in quantitative and qualitative risk management, internal controls, finance, corporate governance, anti-money laundering and Bank Secrecy Act compliance. They understand both the complexities and the constraints of today's sophisticated financial marketplace. They pride themselves on leading the industry in the combination of expertise, focus, and senior-level experience they offer their clients.
For more information about Jeffrey A. Brown and Promontory Financial Group, please visit: http://www.promontory.com.
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 Jeffrey A. Brown
Mr. Brown is a Managing Director at Promontory Financial Group, specializing in Basel II capital standards, credit scoring, and risk management. He has over fifteen years experience working with the Office of the Comptroller of the Currency (OCC).
Prior to joining Promontory, Mr. Brown was the Senior Deputy Comptroller for International and Economic Affairs at the OCC. There, he was responsible for providing economic expertise, fostering relationships with foreign supervisors, and preparing the agency to examine quantitative aspects of regulatory capital determination under forthcoming Basel II standards. As a member of the OCC’s Executive Committee, he contributed to the strategic direction and administrative policy of the agency.
Earlier, Mr. Brown served as Director of the OCC’s Risk Analysis Division, where he was responsible for examining banks’ use of credit scoring models and training other examiners. He was a member of the Basel II Steering Committee, responsible for advice on policy positions and the development of implementation plans.
Mr. Brown has contributed to numerous publications and conferences related to credit rating and risk management. He holds a B.A. in Political Science and Economics from the University of Iowa and a Ph.D. in Economics from Brown University.
About Promontory Financial Group
Promontory Financial Group is a premier consulting firm for financial services companies throughout the world. Since their founding in 2001, they have worked successfully to resolve a multitude of problems faced by our clients on almost every continent. Typically, they have assisted their clients in resolving the most urgent challenges they face today, and they have helped them identify and mitigate the risks that could become problems in the future. Their client successes are the result of the energy, commitment and expertise of their extraordinarily talented professional team. The successes they have had for their clients to date are the best testament to what we can offer clients in the future.
Their clients benefit from their multi-disciplinary approach -- incorporating into our analysis and work products the benefits of our team’s broad and deep expertise in all aspects of finance and financial institution regulation. Their practice has a core proficiency in assessing and redesigning risk management, compliance and other control mechanisms; it is equally strong in evaluating and improving upon corporate governance systems. Accordingly, their professionals are sought out by Boards of Directors, Chairmen, and Chief Executive Officers who are tackling large, complex and sensitive problems.
Promontory is unique in that their professionals have served as leaders at the highest ranks of federal and state regulatory agencies, Wall Street, and Fortune 100 corporations in the financial services sector. Their hands-on expertise includes global and national financial services regulatory policy, macro-economic and interest-rate policy, as well as comprehensive familiarity with the legislative, regulatory and judicial mechanisms that shape the financial services industry.
They are recognized experts in quantitative and qualitative risk management, internal controls, finance, corporate governance, anti-money laundering and Bank Secrecy Act compliance. They understand both the complexities and the constraints of today's sophisticated financial marketplace. They pride themselves on leading the industry in the combination of expertise, focus, and senior-level experience they offer their clients.
For more information about Jeffrey A. Brown and Promontory Financial Group, please visit: http://www.promontory.com.
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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