The IACPM is a non-profit organization dedicated to advancing the practice of credit portfolio management.
IACPM Weekly SmartBrief
Essential News for Credit Portfolio Management Professionals
The IACPM held its Annual Fall Conference in New York City on November 15-16th, 2012 and over 200 people representing 70 firms from throughout the world were in attendance.
Over the two days of the Conference the timely and substantive agenda covered a wide variety of important topics. Day One began with an Economic and Credit Strategy Outlook presented by David Greenlaw, Chief US Fixed Income Economist of Morgan Stanley, and Brad Rogoff, Head of Global Credit Strategy at Barclays Capital. Day One ended with a packed session on the Future of Financial Services as seen by Toos Daruvala of McKinsey & Company and Til Schuermann of Oliver Wyman.
The Day Two Plenary Sessions started with a lively presentation on the Impact of Regulation, as seen by Eugene Ludwig, former Comptroller of the Currency and currently founder and Chief Executive Officer of Promontory Financial Group. In addition, CreditSights Ltd. Chief Executive Officer, Simon Adamson and Hank Calenti, head of Societe Generale’s Bank Credit Research, discussed the Outlook for European Financial Institutions.
Of particular interest were issues surrounding regulatory changes facing the industry. Questions of where different jurisdictions were on the timing of new regulations and how they are interpreting the LCR in regard to committed revolvers were addressed. In addition, Dodd Frank, Vickers and Liikanan, FAATCA and OCC standards on leverage were considered.
Among the other topics discussed by the more than 50 presenters drawn from IACPM members as well as outside experts were:
· Evolution of CPM Models-CPM at Enterprise Level
· CPM at the front end
· Capital-Economic Capital vs Regulatory Capital
· Stress Testing
· Managing Liquidity Risk
· Counterparty Risk and CVA
At the end of the first meeting day IACPM Fall Conference attendees gathered at the historic Roosevelt Hotel Terrace Room for an elegant cocktail reception and dinner which was sponsored by Moody’s Analytics.
For a more detailed look at the Fall Conference agenda, you can access it here.
For questions or to see various presentations, please contact Marcia Banks, Associate Director, at Marcia@iacpm.org.