IFLR, UBS Securities, Moody's and Morrison & Foerster
Is the US framework for regulating depositary institutions, based in part on regulatory capital, prudent and effective? Financial institutions have had much of their capital eroded by write-downs, triggered, at least in part, by fair-value accounting. And government emergency measures have directly injected capital. This seminar will debate potential regulatory reforms, including:
• The future of Basel II;
• Capital ratios and risk weighting;
• Recent investor focus on tangible common equity instead of capital ratios;
• The effect of fair value accounting on financial institutions;
• Capital treatment for various securities issued as part of the government emergency measures, including CaPP and CAP;
• The performance of hybrid instruments during the downturn and the questions raised for issuers, bankers and rating agencies;
• Foreign initiatives relating to regulatory capital; and
• Considerations for Tier 1 instruments, including mandatory convertibles.
Speakers:
Simon Crompton, editor, IFLR
Adriaan Van Der Knaap, Chairman, UBS Global Capital Markets
Barbara Havlicek, Moody's Investors Service
Craig Emrick, Moody's Investors Service
Thomas Humphreys, Morrison & Foerster LLP
Oliver Ireland, Morrison & Foerster LLP