Financial Services Accounting Update (Fin Services)
|Event Date/Time: Jun 21, 2011||End Date/Time: Jun 22, 2011|
|Registration Date: Jun 21, 2011|
|Early Registration Date: May 06, 2011|
Chaired by Deloitte and geared for Banks, Insurance Cos. & Asset Management Cos
Led by experienced Big 4 financial services technical leaders and complemented by industry panelists, the program includes a combination of lectures and real-life case discussions for a deeper understanding of the topics. This conference will provide you with an understanding of key financial services technical accounting changes, valuation considerations, regulatory and legal changes, disclosure requirements and more.
* Understand the latest accounting changes in key areas
* Explore the practical considerations related to regulatory and legal changes
* Begin to assess the effects of these standards on your company or clients
Register Now Â» Cost $1095
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Agenda: DAY 1
8:00 8:45 Continental Breakfast and Registration
8:45 10:15 Technical Accounting Update: Part 1
Update on latest developments, amendments and EITFs
Consolidation of variable interest entities
10:15 10:30 Break
10:30 12:00 Technical Accounting Update: Part 2
Fair value measurements
Accounting for leases
Insurance contracts exposure draft
12:00 1:00 Lunch
1:00 3:00 Breakouts by Industry Sector (choose one of three)
1) Banks: discussion to include financial Instruments, offsetting, fair valueâ€¦
2) Insurance Companies: discussion to include financial instruments, insurance contractsâ€¦
3) Asset Management Companies: discussion to include rev rec, fair value, leasingâ€¦
3:00 3:15 Break
3:15 5:00 Regulatory and Legal Update
Dodd-Frank: practical aspects of financial regulatory reform
SEC Enforcement trends within the industry
SEC Comment Letter Trends
SEC Staff Review process
Heightened demand for disclosure
Agenda: DAY 2
8:30 10:00 Industry Panel
Best practices in applying the onslaught of accounting changes
Obstacles and opportunities
What's on the horizon?
10:00 10:15 Break
10:15 12:00 Valuation Best Practices and Pitfalls
How to handle "hard to value" assets
Industry valuation benchmarks and best practices
12:00 1:00 Lunch
1:00 2:00 Analyst's Perspective
Key performance indicators
Highlights and review of industry performance
Financial disclosure considerations
2:00 2:15 Break
2:15 3:30 IFRS Update
Status of revised convergence plan
What will your financial statements look like under IFRS
3:30 4:45 Bringing Price & Efficiency to the Derivative End User
Future of OTC derivatives: impact of Dodd-Frank on end users
Revealing the black box: how to determine a fair price on a swap
Determining mid market price, market bid-offers, couterparty valuation adjustment (CVA) and bank profitability
How to price a swap termination
Determining fair value adjustments for reporting and counterparty performance risk
Documentation issues and their impact on swap valuation and effectiveness. What to look for in loan & swap agreements
Financial Services Speaker Snapshot
Conference speakers include:
Michael Mueller, Deloitte & Touche, Michael Mueller is a senior manager in the National Office.
Michael develops interpretive firm accounting guidance, communications on standard-setting developments, and points of view on standard setting proposals. Michael also consults on the FASB and IASB convergence agenda and specific convergence projects (e.g., financial instruments, leases, consolidation/derecognition, insurance). Before his repatriation, Michael served as Deloitte's practice fellow at the International Accounting Standards Board (IASB) in London. Michael played a key role in the IASB's initiative to improve the financial reporting for off-balance sheet transactions by co-leading the IASB's project on derecognition of financial instruments.
Elsye Putri, Deloitte & Touche, Accounting Standards and Communications group in National Office.
Her areas of specialization include business combinations, consolidations, SEC, and leases & real estate. In her role, Elsye monitors the activities of the various accounting standard-setting organizations, writes internal and external publications, and updates Deloitte guidance.
Sherif Sakr, Deloitte & Touche, Partner.
He provides financial accounting and reporting consulting services and serves as a capital markets specialist for several of Deloitte's global strategic clients. He is considered one of the Firm's specialists in areas around financial instruments, structured transactions, fair value measurements and consolidations under both U.S. GAAP and IFRS. He has experiences dealing with IFRS first-time adoption, implementing U.S. GAAP and IFRS standards, and reconciling IFRS financial statements to U.S. GAAP and vice versa. Sherif currently leads the technical accounting team within the northeast region for Deloitte's IFRS Integrated Market Offering in both Banking & Securities and Asset Management industries.
David Lynn, Morrison Foerster, Partner, David Lynn is a co-chair of the firm's Public Companies and Securities Practice.
Mr. Lynn's practice is focused on advising a wide range of clients on SEC matters, securities transactions and corporate governance. While serving as Chief Counsel of the SEC's Division of Corporation Finance, Mr. Lynn led the rulemaking team that drafted sweeping revisions to the SEC's executive compensation and related party disclosure rules. Mr. Lynn serves as co-editor of TheCorporateCounsel.net, where he co-authors one of the most widely-read blogs on securities, governance and corporate law matters, and regularly contributes to publications such as The Corporate Counsel, The Corporate Executive, and Borges & Lynn's Proxy Disclosure Updates.
Mark Sitlinger, Ally Financial, Director of Global Corporate Accounting Policy.
Mark has over 18 years of varied experience primarily in the financial services industry in capacities ranging from auditor, business process improvement, system implementation, GAAP implementation, M&A and transaction advisory and general accounting policy. In his current role, Mark's primary responsibilities involve monitoring the accounting standard setters, implementing new accounting standards when applicable and maintaining Ally's Corporate Accounting Policy Manual.
Joyce Frost, Riverside Advisors, Partner.
Joyce Frost has nearly 25 years of experience in the interest rate, currency and credit derivatives markets . Joyce is Co-Editor of the Handbook of Credit Derivatives (McGraw Hill) and author of many articles published on the use of derivatives by corporations and other end-users. She has spoken at dozens of industry conferences throughout North and South America and Europe. While at Chase, She was considered one of the biggest producers working on hundreds of transactions ranging from plain vanilla swaps to the most complex cross-border project finance transactions in Latin America. In this capacity, she worked closely with all areas of the bank including corporate finance, credit, risk management, capital markets and trading.
Aldo Abih, Metlife, Technical Accounting Policy
Doug Summa, PwC, Partner
More Speakers to be added....