Risk-Based Capital Rules: Regulatory Changes and Its Impact on Your Bottom Line in 2015
Market security and economic stability are huge interests that every banking agencies aim to ensure and protect. Most financial institutions sought the assurance in attaining these goals by adopting Risk-Based Capital (RBC) and Liquidity Coverage Ratio (LCR) rules.
Over the years, RBC has been widely embraced by banking agencies to keep markets efficient. Banks are obliged to sustain their operating losses by securing sufficient capital. Similarly, the LCR final rule also require banks to secure enough high quality liquid assets (HQLA) that can be easily converted into cash to sustain their "liquidity stress periods". Considering the new challenges, risks and obligations enclosed in these provisions, banking agencies must prepare for the possible implications and changes along their way.
In this CLE webinar, a panel of thought leaders assembled by The Knowledge Group will provide an overview of the latest Regulatory Changes regarding Risk-Based Capital and Liquidity Coverage Ratio Rules. The panel will help firms better understand the application of these changes and their consequences to your business.
Key topics include:
- Risk-Based Capital and Liquidity Coverage Ratio Final Rule
- Similarities and Distinctions between the Rules
- Final Rules Requirements
- Regulatory Changes: Effects on Agencies
- Financial Effects
- Transition Period of the Rules
- Compliance Risks and Penalties
SEGMENT 1: Matt Stahl, ASA, CERA, MAAA, Senior Director
What is Economic Capital?
- Who cares about it?
- How is it measured?
- How is it modeled?
What are some pitfalls and things to watch out for?
- For those doing the modeling
- For those interpreting results
- Senior management
- Rating agencies
SEGMENT 2: Steve Lueker, Managing Director
- Rules on capitalization exposures
- Financial coverage ratio – liquidity coverage ratio…types and sizes
- How much banks need to set aside for liquidity events
SEGMENT 3: Peter S. Smedresman, Partner
Satterlee Stephens Burke & Burke LLP
- Capital treatment of bank exposures to central counterparties (CCPs) finalized by the BCBS in April 2014
Who Should Attend:
- Insurance Attorneys
- Banks and Financial Institution Executives
- Attorneys in Banking & Finance
- Financial Analysts
- Financial Regulators
- Lending/Loan Officers
- Fund Managers
- Banking & Finance Lawyers
Peter Smedresman is a partner at Satterlee Stephens Burke & Burke LLP.
Mr. Smedresman represents major international financial institutions and multinational businesses with their corporate finance needs, including debt finance, capital markets transactions, sovereign risk and derivatives. He also regularly advises banks and other financial institutions with respect to regulatory matters, including analysis of new activities and financial products.
Mr. Smedresman has written or co-authored a series of widely-cited articles. Most recently, Mr. Smedresman served as co-author of the chapter entitled “International Monetary Law and Private Activity” in the Second Edition of Professor Andreas Lowenfeld’s standard treatise, “International Financial Law” (Oxford 2008), focusing on the Basel II bank capital rules.
Peter Smedresman is a partner at Satterlee Stephens Burke & Burke LLP. Mr. Smedresman represents major international financial institutions and …
Matt Stahl is a senior director in the FTI Consulting Forensic and Litigation Consulting / Global Insurance Services practice and is based in Atlanta. Mr. Stahl is a credentialed actuary with 15 years of experience in risk management, actuarial analysis and financial reporting related to various insurance sectors including variable annuities, life, health, and disability insurance.
Mr. Stahl came to FTI Consulting from ACE Tempest Life Reinsurance Ltd in Bermuda (ATLR) where he managed the financial reporting for a block of business with $1.5 billion in reserves. While serving as ATLR’s Financial Reporting and Life Actuary, Mr. Stahl developed and reviewed rating agency communications and SEC disclosures for the company. Mr. Stahl was part of a small team that liaised with the Bermuda Monetary Authority to assist in the development of the Bermuda Solvency Capital Requirement, part of Bermuda’s Solvency II equivalence initiative. Prior to taking on financial reporting duties, he was with ATLR’s risk management team and was deeply involved in modeling the liabilities of the variable annuity block, calculating reserves and fair value of liabilities for products with mark-to-market components.
Matt Stahl is a senior director in the FTI Consulting Forensic and Litigation Consulting / Global Insurance Services practice and …
Steve Lueker is a managing director in charge of NewOak’s Financial Litigation Consulting practice. In this role, Mr. Lueker is focused on new client generation and organic growth, with direct oversight over a number of the firm’s institutional client relationships. Mr. Lueker is also responsible for execution and delivery on a variety of client engagements primarily related to structured products and derivatives, including litigation and dispute resolution, periodic valuation and securitization transaction support services. He has more than 20 years of experience in the financial services industry.
Mr. Lueker has worked extensively both in finance and law, beginning his career as a tax attorney in 1996. In 2001, he joined HVB Group, a large European investment bank where he headed up the bank’s structuring group for North America, including responsibility for HVB’s North American financial institutions group. In that capacity, he structured bespoke financing and derivatives transactions, which covered a broad spectrum of asset classes. He later established a derivatives sales desk where he led the derivatives trading. After the financial collapse of Lehman Brothers, Mr. Lueker worked on the bankruptcy estate of Lehman Brothers, working out and restructuring derivatives transactions.
He holds a B.A. from Wesleyan University, a J.D. from California Western School of Law and an LL.M. (Taxation) from New York University School of Law.
Steve Lueker is a managing director in charge of NewOak’s Financial Litigation Consulting practice. In this role, Mr. Lueker is focused …
Print and review course materials
Method of Presentation:
On-demand Webcast (CLE)
NASBA Field of Study:
Specialized Knowledge and Applications
NY Category of CLE Credit:
Area of Professional Practices
2.0 CPE (Not eligible for QAS (On-demand) CPE credits)
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About Satterlee Stephens Burke & Burke LLP
Satterlee Stephens Burke & Burke LLP is a dynamic mid-sized law firm providing skilled, professional legal services to the business community, to public and private institutions, and to individuals.
About FTI Consulting
About FTI Consulting Financial Institutions and Insurance Practices
The Financial Institution practice helps banks and other financial services companies address and effectively resolve financial, regulatory, and competitive challenges, including responding to regulatory inquiries and enforcement actions, providing litigation consulting services, conducting investigations, and identifying solutions to competitive or operational threats. Our professionals include former senior regulators from the Office of the Comptroller of the Currency (OCC), Federal Reserve, Federal Deposit Insurance Corporation (FDIC), the Securities and Exchange Commission (SEC) and other financial services regulators, as well as former bankers, economists, CFOs, and other seasoned financial services professionals. We understand the dynamic financial services regulatory environment and help clients comply with regulations, manage risk and efficiently resolve regulatory issues.
FTI Consulting insurance industry experts support insurers, reinsurers, brokers, investors and their counsel with a full range of comprehensive services designed to protect and enhance value for all stakeholders. We help insurance companies effectively compete in the global marketplace by delivering services that address critical areas such as litigation, actuarial services, claims reengineering, enterprise risk, performance improvement, information quality, Solvency II and NAIC ORSA, intellectual property, e-discovery, strategic communications, business continuity, and transactions.
NewOak is an independent financial services advisory firm built for today’s global markets.
Powered by a team of experienced asset-class, market and legal practitioners, NewOak provides a broad range of services to the world’s investment and commercial banks, insurance companies, asset managers, regulators and leading law firms. These services include mortgage risk analytics, valuation, fundamental credit analysis, financial litigation consulting, regulatory compliance, risk management, stress testing, capital adequacy, loan servicing oversight, model and process validation, due diligence and surveillance.
Backed by leading-edge analytics, data capabilities and proprietary, customizable technology, NewOak collaborates with clients to convert complex business threats into competitive advantage across its five service sectors: Financial Markets Advisory, Credit Services, Financial Litigation Consulting, Risk and Regulatory Compliance and Financial Technology Solutions. NewOak is headquartered in New York with offices in Atlanta, Boston, Dallas, Danbury, Conn., and Irvine, Calif.