Tuesday, November 1, 2011

FOR IMMEDIATE RELEASE

FDIC and PRMIA to conduct the 3rd Annual Policy and Risk Symposium, The Ongoing Financial Crisis: What Is To Be Done?

The 3rd Annual Policy and Risk Symposium is conducted by the Federal Deposit Insurance Corporation's Corporate University and the Professional Risk Manager's International Association. This event focuses on current issues faced by supervisors and industry leaders, internationally active financial services firms as well as the financial services industry at large. The growth of commerce and economic activity has outpaced the ability to safely manage enterprise risk at many large, cross-border financial firms. Beyond the banks themselves, cross-border supervisory agencies, communication and information sharing agreements, and crisis management groups have not kept pace with the complexity of markets, organizational intricacies, market growth, and product exposures. Although much of today's regulation and policy is focused on improving systemic risk management standards of practice, regulate products, and enhance internal risk-governance regimes, this has been a slow-moving and globally inconsistent process. Regulators and central authorities have consistently been caught off-guard during the crisis.

Speakers and panelists include leaders within the regulatory agencies and across the industry. The opening address will be provided by Martin Gruenberg, Acting Chairman of the FDIC, and the event's keynote address will feature Simon Johnson, Professor of Entrepreneurship at MIT Sloan School of Management and Senior Fellow at the Peterson Institute for International Economics.

The Symposium features a highly interactive debate-and-confirm format allowing participants to engage industry thought-leaders on important matters of policy and risk. Symposium panelists and speakers will present fresh ideas and possible solutions to the on-going financial crisis including: Housing, Derivatives, Financial System Health, Monetary Policy and Capital Standards.

The Symposium will be held November 7, 2011, from 7:30 a.m. to 6:00 p.m. with a reception from 6:00 p.m. to 7:00 p.m. Symposium topics include: Qualified Residential Mortgage Rule and Housing Finance: A Cure or More Trouble Ahead; OTC Derivatives Clearing: Issues and Challenges; The Volcker Rule and the Banking Business Model: Flawed or Fixed; Regulatory Interventions, Quantitative Easing and the Future of Capital Markets; and The Capital Accord: Breaking with Basel – Consideration of Alternatives.

About The Federal Deposit Insurance Corporation (FDIC)

Congress created the FDIC in 1933 to restore public confidence in the nation's banking system. The FDIC insures deposits at the nation's 7,657 banks and savings associations and it promotes the safety and soundness of these institutions by identifying, monitoring and addressing risks to which they are exposed. The FDIC receives no federal tax dollars -- insured financial institutions fund its operations. For more information on the FDIC, please visit www.fdic.gov

About Professional Risk Manager's International Association (PRMIA)

PRMIA was established in 2002 as a non-profit risk management professional association. Today, PRMIA has over 75,800 members in 201 countries. PRMIA provides a wide range of risk management education and programs, and risk management certifications. For more information and brochure, please visit: http://www.prmia.org/events/view_events.php?eventID=4584

For more information please call Glen Boyls at 703-864-7046 or Lindsay Steedman at 202-912-4322.