Thursday, November 3, 2011

FOR IMMEDIATE RELEASE

Jesse Eisenger Pulitzer-Prize Winner to speak and moderate a panel of experts on Regulatory Interventions and Quantitative Easing at the 3rd Annual FDIC PRMIA Policy and Risk Symposium

Eisenger and a panel of experts including Alex Pollock, Resident Fellow at the American Enterprise Institute; Chris Whalen, Managing Director at Institution Risk Analytics; Sean Egan, Managing Director of Egan-Jones; and Tony Hughes, Senior Director at Moody's Analytics will discuss regulatory interventions and quantitative easing. The Treasury and Federal Reserve have committed themselves to maintain policies of extraordinary monetary easing and other interventions for the indefinite future—policies that had been deemed necessary in order to bring the system back from the brink of collapse in 2008. However, the minority view is that a series of interventions and regulatory failures over the last several decades in fact caused the ongoing financial crisis and contribute to the flare-ups that have occurred every few years and that continued easing will only reproduce these crises. This crisis is unique in that we have claimed that we've learned our lessons from past errors and have applied greater wisdom this time around to the near meltdown of the financial system. However, what errors have we made during this crisis and what systematic mistakes have been made that will cause harm as we move forward? This panel seeks to address policy errors and solutions on a macro- prudential and broad cross-border macroeconomic basis, including the devaluation of the dollar, trade policy, and the role of our financial system in promoting and achieving global stability or, in this case, potential instability.

The 3rd Annual Policy and Risk Symposium is 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. The 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 Symposium is 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: Derivatives, Financial System Health, Monetary Policy and Capital Standards.

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.