Statement 159 The Fair Value Option for Financial

Kenneth P. Lamar is a senior vice president in the statistics function, Research and Statistics Group. He had been a vice president since January 2003 and assistant vice president since December 1995, both in the same area.
In March 1993, he was named an officer of the Bank assigned to the domestic and regulatory reports department. Mr. Lamar joined the Bank in February 1980.

Mark A. Northan, CPA, is a partner in KPMG’s Department of Professional Practice— Audit and Advisory in New York City. He served a two-year appointment as a Professional Accounting Fellow in the Office of the Chief Accountant at the SEC (2004–2006).
His current responsibilities include consulting with engagement teams on complex accounting and SEC matters, develop ment of the firm’s professional accounting literature, development and presentation of technical training for internal and external audiences, and focusing on financial instruments such as securitizations, derivatives and classification, and measurement of debt and equity instruments.
He received a BS in Accountancy from Wake Forest University.

Mark LaMonte is a Vice President/Senior Accounting Analyst in Moody’s Corporate Finance Group and is a member of Moody’s Accounting Specialists Group. Accounting specialists help analysts assess the credit risk of borrowers. They also publish research on complex reporting topics, including research on the quality of a borrower’s public financial reporting. Further, these specialists help educate Moody’s analysts on matters of accounting and financial reporting.

The Accounting Specialists Group is part of Moody’s broader initiative of developing groups of specialists knowledgeable in technical matters relevant to assessing credit risk. Other examples include specialists in corporate governance, derivative instruments, and off-balance-sheet financing arrangements.

Mark Joined Moody’s from KPMG LLP where he was a Senior Manager in the firm’s Department of Professional Practice. There he was responsible for consulting with audit teams on accounting, financial reporting, risk management and audit related issues. Mark also contributed to a number of the firm’s publications on various accounting and financial reporting topics.

Prior to his professional practice role, Mark was an audit Senior Manager in KPMG’s Boston and Stamford, Connecticut offices where he was responsible for managing audits for clients in the consumer and industrial products industries.

Mark is a CPA and holds an undergraduate degree from Siena College.

Sergey Volkov is a director in the PricewaterhouseCoopers’ Structured Finance: Capital Markets Accounting Advisory Services practice. This practice advises companies on current accounting issues, developments, and the application of accounting standards. Sergey provides accounting advice on structured transactions, derivatives, transfers of financial assets, securitizations, financings and other issues. He also supports banking and other financial services clients with technical accounting support with implementing new accounting standards. Sergey has a strong background in financial services products and structures. His clients include investment and retail banks, private equity firms and insurance companies. 
Sergey is a Chartered Financial Analyst (CFA) charterholder. He maintains active CPA licenses in Washington DC and Virginia. Sergey is an active member of: AICPA, CFA Institute, Virginia CPA Society and Washington DC Society of Investment Analysts.