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May 20, 2008

DC SC Meeting MInutes

The DC SC of PRMIA met telephonically on Wed, May 7, 2008. Present were Syed, Betsy, Ashish and Chris. Absent were Olivier, Dennis, Kevin, David and Paul.

We discussed the current situation at PRMIA HQ and the efforts to recruit a new ED for PRMIA. I met one candidate yesterday and will report more to the SC as and when a decision is announced.

With respect to the September Op-Risk event, Syed will contact Ali Samad Khan at Op-Risk Advisory about dates that work in September. Betsy to draft an outline of a 1/2 day program, comprising a keynote and two panels. We discussed having one panel on internal op-risk issues applicable to financial institutions and one panel focused on external/systemic risks. Possible speakers from DTCC, National War College.

We discussed the idea of inviting Tom Day of the OTS to join the SC. Both Syed and I endorse his candidacy and the other members of the SC agreed. Chris shall inform Tom of same.

So far, on the calendar we have just the op-risk event in September and the AEI subprime redux on 10/30/08. I will reach out to CFA Institute about possibly doing a second joint event in November time frame.

Syed and I would very much like to hear from those SC members who have been absent the past several months. We all are keenly aware that everyone is quite busy with recent events in the markets. Remember, membership on the SC is not mandatory, but if you are a member we want some level of participation, which can include advancing program ideas, helping to find a venue for a meeting or suggesting a speaker.

We shall try to hold the next SC meeting in mid-June to finalize the op-risk event date and venue.

Posted by whalenc at 02:44 AM | Comments (0)