Committees and Working Groups

Board of Directors

2012 Board

Chair: Derek Saunders, HSBC

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Program Committee

Madrid Program Committee-Spring 2012

Chair: Marcia Banks, IACPM

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Working Groups/ Committees

Accounting Committee

Chair(s): Cam DesBrisay, RBC Capital Markets and Allan Yarish, Channel Capital Advisors

Capital Markets

Chair: Mark Davis, UBS AG

Data and Modeling

Chair: Michel Araten, JP Morgan Chase

The Committee discusses quantitative issues affecting credit portfolio managers and develops and advocates industry best practices for data and modeling topics. The Committee is currently working on a project on credit valuation methodologies. Previous initiatives include work on the convergence of credit capital models and portfolio benchmarking.

Economic Capital Benchmarking Project

Chair: Som-lok Leung, IACPM

The project's goal is - to provide an opportunity to IACPM member firms to compare economic capital and stress testing (for credit risk) against their peers, i.e., benchmark calculation parameters, methodologies, and execution, and benchmark policy and usage - to provide information useful for discussions with local regulators - to publish a research paper or article based on results

Liquidity Management and CPM -- Steering Committee

Chair: Som-lok Leung, IACPM

The credit crisis and the advent of Basel III has greatly increased the liquidity costs associated with many credit products, and successful management of credit portfolios will likely entail an increased understanding of liquidity management. The primary objective of this project is to understand and benchmark how IACPM member firms prepare and cope with these changes.

Middle Market Committee

Chair: Jeffery Weaver, KeyCorp

The Committee promotes liquidity in the middle market and less liquid asset classes and serves as a discussion forum for IACPM members on middle market topics. Projects have included benchmarking of private firm credit risk models and other issues affecting less liquid credit assets.

Regulatory Committee

Chair: Som-lok Leung, IACPM

The Regulatory Committee reviews regulatory developments, and identifies issues that are important for credit portfolio managers.

Website Working Group

Chair: Juliane Littman, IACPM

Helps with the improvement of the IACPM website.

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