Dodd-Frank Act: Credit Rule Changes in 2012 LIVE Webcast
The Dodd-Frank Act will have huge impact on credit agencies and financial institutions. Companies need to be up-to-date with respect to this new guidance or suffer the consequences.
The Knowledge Group is assembling a team of experts to offer critical insights on how Dodd – Frank will affect financial and credit agencies in a two-hour live webcast.
They will discuss the following key issues:
– Credit Rating Amendments
– New rules in Credit Risk Retention and its impact
– Requirements – Compliance and exemptions
– A summary and explanation of the most significant changes contained in the legislation
– Up-to-the-minute regulatory updates
A. Nicole Clowers, Director,
U.S Government Accountability Office
- Dodd Frank Regulations: status, regulatory analysis, and impacts
- Alternative Compensation Models for NRSROs: proposed models and status
Steven Goldberg, Financial Services Advisory Practice Leader, Principal,
Grant Thornton LLP
- Dodd Frank Implementation – evolving implementation timelines
- Key provisions impacting credit and risk
- Creating a compliance framework for implementation of changes
Colleen H. McDonald, Partner,
Reed Smith LLP
The Intersection of Credit Rating Reform and Risk Retention
- Status of rating agency reform
- Removing references to credit ratings as buying criteria for securities
- Specific rating agency reform proposals on the table
- Risk retention requirements under Dodd Frank
- Risk retention requirements under Reg AB II
- The intersection: increased disclosure by issuers and onus on investors to perform risk analysis
- On the disclosure: How do we mandate rating agencies to get the information we need in a process that works?
Who Should Attend:
- Executives and Senior Officers of Banks, Thrifts, Credit Unions, and other Financial Institutions
- Financial Executives/Officers
- Financial Industry Analysts
- Attorneys and Consultants for Financial Companies
- General Counsel
- NRSRO Analysts
- Credit Rating Analysts
- And other Credit Rating Professionals
- Other Related Professionals
Ms. Clowers is currently a Director with GAO. In this role, Ms. Clowers is responsible for developing and leading a portfolio of work on financial markets and community investment programs, including the banking and securities sectors. Most recently, she has led evaluations examining the impact of Dodd-Frank regulations, municipal securities market structure and oversight, alternative compensation models for credit rating agencies, federal government’s financial assistance to the auto industry, federal oversight of the mortgage servicing industry, and federal small business initiatives. Ms. Clowers has been with GAO for 13 years.
Ms. Clowers holds a Master of Public Administration from the University of Georgia and a Bachelor of Arts in political science from Virginia Polytechnic Institute and State University. She was the recipient of the Arthur S. Flemming Award for outstanding public service in 2009.
Ms. Clowers is currently a Director with GAO. In this role, Ms. Clowers is responsible for developing and leading a …
Steven Goldberg, Principal, leads the Grant Thornton Financial Services Business Advisory Practice in New York. Steve has led client relationships with a number of global financial services firms – leading sales and delivery teams and coordinating services and resources within the US and in several international locations. He has provided a wide range of advisory services to investment advisors, hedge funds, global asset management firms, institutional banks, broker dealers and rating agencies. He has assisted with regulatory compliance and controls, business process improvement, program management and IT strategy and integration. His clients range in size from development-stage enterprises to multinational financial institutions.
Steve has over 25 years of business experience including 20 years in financial services as industry executive and management consultant. He has spoken at many noted industry forums including (among others) the SIFMA Financial Management Division National Conference, the SIFMA Internal Auditors Division National Conference, the NYSSCPA Conference, Investment Conference at the Federal Reserve in SF and the 2011 Business Capital Forum in Chicago. Steve has also participated at several recent industry conferences as panel member, including the Linedata Exchange 2010 and 2011. In addition, Steve has published several articles and white papers on relevant business and technology issues affecting the industry, and has been a speaker on relevant Webinar’s and Executive Roundtable events. He holds a Bachelor of Arts degree from City University of NY and resides in Southeast, NY and New York City.
Steven Goldberg, Principal, leads the Grant Thornton Financial Services Business Advisory Practice in New York. Steve has led client relationships …
Colleen is a member of the Financial Industry Group, specializing in securitization, structured finance, commercial finance transactions and complex financial products. Her securitization expertise involves U.S. and Canadian securitization of motor vehicle loans and leases (including titling trusts), equipment leases, credit cards receivables, trade receivables and consumer loans. She also has expertise in whole loan sales and warehouse arrangements for conventional, agency and jumbo mortgage loans.
Recently, Colleen has advised servicers on a variety of mortgage loan securitization servicing related issues such as loan modifications, the REMIC rules, documentation issues relating to judicial and non-judicial foreclosures and REO properties, to name a few. She has advised clients in loan and servicing rights acquisitions and divestitures, both for new originations and distressed loans, and regulatory issues relating thereto. In addition, Colleen is working with a number of clients on the implications for loan purchasers, sellers, servicers, sponsors and originators of the Dodd-Frank Act and Regulation AB II.
Colleen represents commercial lenders and corporate borrowers as well as underwriters and issuers in public offerings, private placements, asset-backed commercial paper programs, and medium-term note programs. In addition, she has advised a variety of investment banks, private equity funds and hedge funds in utilizing securitization in a number of financing and acquisition financings.
Colleen is a member of the Financial Industry Group, specializing in securitization, structured finance, commercial finance transactions and complex financial …
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U.S Government Accountability Office
About U.S Government Accountability Office
About Grant Thornton LLP
Grant Thornton is the fifth largest of the major global audit, tax and advisory professional services firms, with over US$1B in revenue in the United States and approximately US$4B internationally through Grant Thornton International (GTI). Grant Thornton operates in all major regions across North and South America, Europe, Mid-East and Asia/Pacific. Our services range from financial audits, tax related services and consulting and advisory services.
In addition to the Audit and Tax practices, Grant Thornton’s Advisory practice provides a full range of additional services including Governance, Risk and Compliance, Economic Advisory, Forensic Accounting, Corporate Finance and Private Equity among others. Grant Thornton has been a leader in the industry through extensive thought leadership and speaking roles at prominent industry conferences and platforms. Grant Thornton has worked closely with our clients in responding to evolving regulatory requirements, governance challenges and implementation of the Dodd Frank financial reform law. Grant Thornton has a dedicated Financial Services practice headquartered in New York, with international offices in London and other major financial centers.
About Reed Smith LLP
Reed Smith is a trusted legal adviser to leading international businesses from Fortune 1000 corporations to mid market and emerging enterprises. It is a full service law firm with significant experience working with leading banks, financial institutions, investment management companies and other market participants to navigate today’s complex regulatory environment, particularly as it relates the Dodd-Frank Wall Street Reform and Consumer Protection Act.