Final Stress Testing Guidance for Large Banks With Implications on Smaller Institutions Explored
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 has put 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.
Christopher L. Allen, Attorney,
Arnold & Porter LLP
- Overview of the evolution of current stress-testing requirements for larger institutions
- Overview of mandatory Dodd-Frank Act stress testing
- Agency guidance to community banks on stress testing
- Practical considerations as to supervisory stress-testing expectations for community banks in light of the large-bank rules and the community-bank guidance
Preston Thompson, Executive Director,
Ernst & Young
- CCAR Stress Testing and Methodology
- Enterprise Stress Testing
- Scenario/Sensitivity Analysis
- Reverse Stress Testing
- Governance and Reporting
- Overview of Industry Practices and Common Challenges
Who Should Attend:
- Bank Regulators
- Bank Presidents
- Chief Risk Officers
- Senior Management
- Other Related Professionals
Chris Allen is a senior associate in the firm’s Financial Services group, where he represents clients in a broad range of compliance, enforcement, and investigative matters before federal and state government agencies, including the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, and the Financial Crimes Enforcement Network. He frequently advises clients with respect to regulatory expectations and compliance best-practices, and he regularly assists clients with resolving agency enforcement actions and similar compliance issues. His recent work has involved advising financial institutions on the implications of the Dodd-Frank Act on their operations.
Chris Allen is a senior associate in the firm’s Financial Services group, where he represents clients in a broad range …
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.
Preston Thompson is an Executive Director in the Financial Services Office (FSO) of Ernst & Young LLP. Preston co-leads the …
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Arnold & Porter’s financial services group is widely recognized to be among the nation’s premier financial services practices. Our team of over 35 lawyers, led by senior lawyers with significant experience in government regulatory agencies, affords clients comprehensive regulatory, litigation, and transactional advice on complex and challenging matters, and our broad experience in dealing with financial regulatory agencies allows us to provide highly informed and sophisticated counseling and representation.
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