Michael E. Bleier, Partner, Reed Smith LLP to Speak at KC’s Event on Basel II Standardized Approach for Small Banks - Implementation & Post Implementation Issues on 07/31
The Knowledge Congress, the leading producer of regulatory focused teleconferences has announced today that Michael E. Bleier, Partner of Reed Smith LLP will speak at the Knowledge Congress’ upcoming teleconference entitled: “Basel II Standardized Approach for Small Banks - Implementation & Post Implementation Issues”. This 2-hour event is scheduled for July 31, 2008, Thursday, starting from 1:00 PM EDT.
New York, NY, July 04, 2008 --(PR.com)-- The Knowledge Congress, the leading producer of regulatory focused teleconferences has announced today that Michael E. Bleier, Partner of Reed Smith LLP will speak at the Knowledge Congress’ upcoming teleconference entitled: “Basel II Standardized Approach for Small Banks - Implementation & Post Implementation Issues”. This 2-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 E. Bleier
Michael is a member of the Financial Industry Group and a member of Financial Services Regulatory Group. Michael joined Reed Smith after serving for nearly 14 years as General Counsel for Mellon Financial Corporation and Mellon Bank, NA, and as manager of legal affairs. Prior to joining Mellon in 1982, he was in the Legal Division of the Federal Reserve Board in Washington, DC for 11 years; when he left the Federal Reserve he was Assistant General Counsel, responsible for the bank holding company area. At Mellon, Michael was actively involved in its expansion, both in the banking and nonbanking areas and in its dealings with the federal and state bank regulatory authorities, as well as with the Congress and the state legislatures. He played a key role in Mellon's growth and transformation into primarily a fee-based business. He was intimately involved in Mellon's Pennsylvania statewide expansion, the creation and implementation of Mellon's good bank/bad bank transaction, the transformative and groundbreaking Boston Company and Dreyfus acquisitions, and in dealing with the federal regulators and Congress on the Basel II risk-based capital rules.
At Reed Smith he has counseled General Counsel clients, filed expansion applications with the Federal Reserve, the Comptroller of the Currency and the FDIC, and also also advised financial institution clients on an array of regulatory matters.
About Reed Smith LLP
Reed Smith is one of the 15 largest law firms in the world, with more than 1,600 lawyers in 23 offices throughout the United States, Europe, Asia and the Middle East. Founded in 1877, the firm represents leading international businesses from Fortune 100 corporations to mid-market and emerging enterprises. Its attorneys provide litigation services in multi-jurisdictional matters and other high stake disputes, deliver regulatory counsel, and execute the full range of strategic domestic and cross-border transactions. Reed Smith is a preeminent advisor to industries including financial services, life sciences, health care, advertising and media, shipping, international trade and commodities, real estate, manufacturing, and education.
For more information about Michael E. Bleier and Reed Smith LLP, please visit: http://www.reedsmith.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 Michael E. Bleier
Michael is a member of the Financial Industry Group and a member of Financial Services Regulatory Group. Michael joined Reed Smith after serving for nearly 14 years as General Counsel for Mellon Financial Corporation and Mellon Bank, NA, and as manager of legal affairs. Prior to joining Mellon in 1982, he was in the Legal Division of the Federal Reserve Board in Washington, DC for 11 years; when he left the Federal Reserve he was Assistant General Counsel, responsible for the bank holding company area. At Mellon, Michael was actively involved in its expansion, both in the banking and nonbanking areas and in its dealings with the federal and state bank regulatory authorities, as well as with the Congress and the state legislatures. He played a key role in Mellon's growth and transformation into primarily a fee-based business. He was intimately involved in Mellon's Pennsylvania statewide expansion, the creation and implementation of Mellon's good bank/bad bank transaction, the transformative and groundbreaking Boston Company and Dreyfus acquisitions, and in dealing with the federal regulators and Congress on the Basel II risk-based capital rules.
At Reed Smith he has counseled General Counsel clients, filed expansion applications with the Federal Reserve, the Comptroller of the Currency and the FDIC, and also also advised financial institution clients on an array of regulatory matters.
About Reed Smith LLP
Reed Smith is one of the 15 largest law firms in the world, with more than 1,600 lawyers in 23 offices throughout the United States, Europe, Asia and the Middle East. Founded in 1877, the firm represents leading international businesses from Fortune 100 corporations to mid-market and emerging enterprises. Its attorneys provide litigation services in multi-jurisdictional matters and other high stake disputes, deliver regulatory counsel, and execute the full range of strategic domestic and cross-border transactions. Reed Smith is a preeminent advisor to industries including financial services, life sciences, health care, advertising and media, shipping, international trade and commodities, real estate, manufacturing, and education.
For more information about Michael E. Bleier and Reed Smith LLP, please visit: http://www.reedsmith.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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