Overview:
The regulatory response to the credit crisis is getting stronger, especially with a growing number of new Dodd-Frank rules and the activation of the Consumer Financial Protection Bureau and the SEC’s Office of the Whistleblower. This fast-paced seminar will guide you through the maze of regulatory and system-wide changes and provide you with a window into:
- The impact of the Dodd-Frank Act on markets and market makers
- The accounting ramifications of a possible transition to IFRS
- The future of fair value accounting in US and global markets
Objective:
To prepare financial professionals for the regulatory changes that have arisen in response to the credit crisis. You'll get a balanced view of what oversight still works and what needs changing.
Emphasis:
- Review of the financial products that led to the current crisis
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Contributions to the current economic malaise by:
– The regulators (i.e., the SEC, CFTC, the Fed and others)
– Congressional and Administration(s) missteps
– Complacent and/or complicit auditors
– A lack of rational controls on executive compensation -
New economic theories supplant Keynesianism and Supply Side Economics
– Robert Shiller's prescriptions for the 21st century global economy
– Animal spirits: the "fear and greed" factor
– "Black Swans" - How financial reporting may change
- What changes for the accountant?
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Dodd-Frank dissected
– The end of "Too Big to Fail"
– The Financial Stability Oversight Council
– The "Hotel California" provision for bank holding companies
– Stricter capital standards
– New regulations on derivatives markets
– Raising standards and regulating hedge funds - International regulatory developments
