As a member of the DC PRMIA Chapter, you are no doubt aware of our strong partnership with George Washington University and the quality programs that have been hosted over the years. This year we are, once again, focusing our attention on you - the professional risk manager - and invite you to our September 23rd event at GWU.
When: September 23, 2010 from 6:30pm - 9:00pm
Where: 2201 G Street NW - Duquès Hall - Suite 620
What: Hot topics in risk-recruiting and the risk profession
A light reception will be provided. During the event we will answer the following questions:
• What are emerging areas of rapid growth in the risk management profession?
• What are the essential technical and professional business skills, and how to attain them?
• What are the interviewing requirements for technically challenging positions?
• The “bookshelf test”: What should you be reading and why?
We will also discuss, in a panel format, the emerging Consumer Financial Protection Bureau, Systemic Risk Oversight, and Issues Surrounding National Housing Policy.
You may RSVP at: dc@prmia.org
]]>For 2011, we are proud to offer "A Complete Course in Risk Management" at George Washington University (GWU). This course takes a quantitative approach to risk management. A certain level of mathematical knowledge is beneficial. This includes basic understanding of equations, what a variable is, the use of logarithms and exponentials, and some familiarity with mathematical manipulations. Exposure to statistics is recommended.
For more information, please find the complete brochure by clicking here.
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Feel free to provide feedback to: dc.prmia@gmail.com
Also, we want to remind everyone that you can now follow the DCPRMIA chapter on Twitter @dcprmia and LinkedIn @ http://doiop.com/PRMIA_DC. We invite your participation.
We want to thank IBM for hosting the event. The facilities were excellent and DC Regional Directors are meeting with IBM this week to discuss further collaboration opportunities. Also, please refer to our Slideshare presentation about the DC-Chapter and some of its 2010 and 2011 objections.
We are happy to note that our collaboration with the Center for Financial Policy is in process and your DCSC will be meeting with GWU in the coming weeks to better address some of your input on the Complete Course in Risk Management.
Remember to keep in touch with the Chapter. You can do this though Twitter @dcprmia, LinkedIn, MeetUp! and of course traditional e-mail. The RD’s can be reached via dc.prmia@gmail.com. Note that on the LinkedIn DC Chapter site and Twitter there are some good articles referenced regarding the G-20 Summit. There were some significant changes in tone, thankfully, regarding the recognition of the unsustainable fiscal policies within and among member nations.
Enjoy your weekend! It’s a beautiful day in the District.
Colin Lawrence is Director of the Prudential Risk Division of the Financial Services Authority, the independent body with statutory powers to regulate the UK's financial services industry, and a PRMIA board member. David Benson is Executive Vice President and Head of Capital Markets of the Federal National Mortgage Association, better known as Fannie Mae. The webinar is moderated by Steve Lindo, PRMIA's Executive Director.
The webinar can be accessed by clicking the link below:
https://www2.gotomeeting.com/register/800356203
PRMIA would like to thank our webinar sponsor Moody's Analytics (www.moodysanalytics.com)
]]>When: June 1, 2010
Where: IBM @ 1301 K Street Northwest, DC
What: Chapter meeting. One-hour talk + some chapter business
Event Link: Click here
Light refreshments will be provided by IBM, and we want to thank IBM for hosting the event.
If you are a member of PRMIA-DC, we ask that you do your best to attend this Chapter meeting. After David's presentation we want to introduce you to your Steering Committee (SC), give you some background on some new sub-committees that the SC has established, briefly cover some Chapter by-law points, and review some training information with you. Sounds like a lot, but it should only take about :15 minutes.
Thank you,
Thomas Day &
Syed Ahmed
(By the way, we now have a PRMIA-DC LinkedIn site. Please join!)
]]>Topic: An Insider's View of the Meltdown
Where: Ronald Reagan Federal Building, 1300 Pennsylvania Avenue, N.W., Federal Triangle Metro stop
Join Managing Director and Tyser Teaching Fellow Clifford Rossi as he gives you an insider's view of the financial meltdown from the vantage point of a Chief Risk Officer (CRO) for some of the largest financial institutions in the country (including CitiGroup and Countrywide Bank).
Rossi will present a tour of governance issues, incentives for risk-taking and risk management practices in the financial services industry leading up to the crisis, and recommendations for strengthening risk management practices in financial services.
Breakfast is served!
Breakfast will begin at 8 a.m. with the presentation(s) beginning at 8:30 a.m. followed by a Q&A period. The event will conclude at 10 a.m.
Cost = $25 for the general public; $15 for Smith School alumni; $10 for current students unless otherwise noted
Attend two sessions and receive $5 off the total price; attend three sessions and receive $10 off the total price.
PRMIA Event Announcement
IMPORTANT NOTE: If you want to make registration simple, you can email your name, title, firm/agency, e-mail address, and phone number to: dc.prmia@gmail.com. If you chose the route to registration, you will be permitted to pay your event-fee at the door.
]]>Keynote Speaker: Mark Zandi, PhD, Chief Economist, Moody's Analytics
Where: Ronald Reagan Building & International Trade Center, 1300 Pennsylvania Avenue, NW, Washington, D.C.
When: May 24, 2010
Time: 8:30 a.m. to 1:30 p.m.
Event Summary:
The roundtable will focus on the issues leading to the conservatorship of mortgage giants Fannie Mae and Freddie Mac. Led by a panel of industry, academic and policy experts, the roundtable will explore policy implications for revitalizing the primary and secondary mortgage markets, while protecting tax payers.
With the federal government facing a contingent liability of trillions of dollars in debt issued by the two government sponsored enterprises (GSEs), a number of critical policy issues emerge. What will become of Fannie Mae and Freddie Mac over time? Should they be privatized, or absorbed completely into a federal corporation? What should be the federal government’s view going forward with respect to housing policy and subsidies to this sector? How should they be regulated?
NOTE: DON'T FORGET WE HAVE A PRMIA-DC CHAPTER MEETING ON JUNE 1st. EVP & RISK MANAGEMENT EXPERT DAVID ROWE WILL BE OUR GUEST SPEAKER.
]]>For a full program description, download this file
As you can see from the full program agenda, we have an excellent group of moderators and panelists. Many of those involved in this conference will be shaping the debate as to how the securitization market will be re-designed.
One of the more recent developments, which highlights the timeliness of our Symposium, was last week's issuance of the SEC's proposed rule to increase investor protections in ABS (click "here" for more details). Your DC-Steering Committee hopes to have a key SEC representative attend the event to discuss this recent proposal, so the agenda may expand by roughly :30 - :45 minutes. Stay tuned.
If you have any questions or need additional information regarding this event, please feel free to e-mail:
dc.prmia@gmail.com "or"
mjgarnett@fdic.gov
More details to follow in early May. For now, please feel free to set a reminder and register by following this link:
Lessons for Financial Risk Management from the Great Recession
Don't forget to connect to our "MeetUp" site too for more content, news, and to network with other members of the risk community.
]]>Check out this "MeetUp" link
As Chris Whalen notified the Washington D.C. PRMIA Chapter on January 23rd, your DC Steering Committee has been working hard behind the scenes planning our 4th FDIC & PRMIA co-sponsored Symposium. Additional details will be coming out in the coming weeks, but we encourage sustaining members and others that wish to attend to block out May 3rd on your calendar and sign-up early by visiting the DC Chapter's website.
This Symposium on Issues in Securitization is designed to bring together various industry thought-leaders on this complex topic, including members of the buy-side investment community, leading researchers and industry spokes-people, regulators, rating agencies, and financial industry supervisors. The format of the Symposium is designed to foster an open-dialogue around structural, market, and new product concepts, and will provide an opportunity to debate and confirm potential paths forward in the revitalization of this critical market. During the Symposium we will cover:
* The FDIC's recent ANPR and "Skin in the Game" Proposal
* The Future of the U.S. Home Loan Securitization Market
* Covered Bonds: The Potential for U.S. Growth
* A State of the Union Address on the Markets and Market Outlook
Currently, the following speakers are planning to attend and, given the critical substance of the topic, we expect that the event will fill-up fast. Our Chapter's events calendar link (best viewed with Firefox) provides current details and a draft program agenda. Seating is limited and will be on a first-come, first-serve basis.
Current Speakers:
* Alan Boyce, CEO, Absalon
* Bradley Brown, SVP Structured Finance, Bank of America
* Andrew Davidson, President/CEO, Andrew Davidson & Co., Inc.
* Laurie Goodman, Senior Managing Director, Amherst Holdings LLC
* Paul Hinton, Vice President, NERA
* Michael Krimminger, Special Advisor for Policy, FDIC
* Allan Mendelowitz, Former Director, Federal Housing Finance Board
* Giles Parker, Managing Director Covered Bonds, UBS-EMEA
* Marty Rosenblatt, Partner, Deloitte & Touche
* Christopher Whalen, Managing Director, Lord Whalen LLC
* TBA - Moody's Investors Service
* TBA - American Securitization Forum
* TBA - American Bankers Association
* TBA - Nationally Recognized Economist
There will be a complimentary breakfast, lunch will be served, and we are planning a reception. Attire is business. On-site check-in will begin at 8:30am and the event will begin promptly at 9am. The Symposium is closed to the media.
The DCSC has a couple of additional updates for our DC Chapter members:
* We will be holding a DC Chapter meeting on June 1st. Additional details will be posted on our 2010 calendar soon. IBM has kindly offered to sponsor the event and the well known EVP of Risk Management, SunGard - Dr. David Rowe - will be our honored speaker. As you know, Dr. Rowe writes a monthly piece for Risk Magazine and has been an industry leader for years. Keep watching this page for more details.
* We are proud to announce that we have two new members of the DC Steering Committee: Chris Laursen of NERA and Keith Ligon of the FDIC. Several others have expressed an interest in joining the DC Steering Committee and the DCSC is hopeful that it will be able to announce some additional DC SC members in the near future, along with a renewed emphasis on PRM training and collaboration with some of our prestigious local universities. Our own John Schwitz of the DCSC has taken the helm of the Chapter's "Training and Professional Development Subcommittee" and will be announcing additional details of our Chapter's initiatives in the coming weeks. If you are interested in more details or would like to assist John in these efforts, please let us know.
Looking forward to seeing you soon.
Thomas Day and Syed Ahmed
Regional Directors, PRMIA DC
I will be stepping down as Regional Director with Tom's election, although I will be remaining on the DC SC for now and will continue to work on events. It has been a pleasure to work with members of the DC chapter on the events we have held over the past couple of years. Indeed, we already have two events on the calendar for 2010:
** April 13, 2010 -- Deflating Bubble VI with American Enterprise Institute
** May 3, 2010 -- The Next Full Day Event in Partnership with the FDIC Corporate University
We have also started a conversation with CATO Institute and will be hopefully holding an event with them in the first half of 2010. Further details to come.
Best,
Christopher Whalen
Regional Director
Our full-day event on Wednesday, November 4, 2009, "Regulatory Reform: Defining Issues and Tasks to Enhance Systemic Stability," features FDIC Chairman Sheila Bair as luncheon speaker. David Coulter of Warburg Pincus, James Rickards, former general counsel of LTCM, and Alan Schwartz, former CEO of Bear, Stearns are also participating. For more information click the link below:
http://www.prmia.org/events/view_events.php?eventID=3576
We have two partner events with American Enterprise Institute on the calendar. First on October 22 is the next installment of the Deflating Bubble series, with Nouriel Rubini of NYU and John Makin of Caxton among the speakers. for "Deflating Bubble IV: How Deep Does the Housing Correction Go?"
http://www.prmia.org/events/view_events.php?eventID=3573
Then we have a second event, "Is It Possible to Re-Privatize the U.S. Financial System?:
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