Webinar

Basel III Implementation: Solving US Divergence and HPE Challenges.

December 04, 2023
10:00 pm EST|
7:00 pm PST
December 05, 2023
11:00 am HKT|
3:00 am GMT
Duration: 45 Minutes
In July 2023, the Federal Reserve, OCC, and FDIC released a joint Notice of Proposed Rulemaking (NPR) outlining the proposed implementation of Basel III capital standards in the United States. While regulators have been signaling an intention to stay consistent with Basel, some differences have emerged. In US, regulators are asking banks to demonstrate their readiness through two benchmarking exercises: the Unit Test and the Hypothetical Portfolio Exercise (HPE). In this replay of the webinar during the APAC hours, we'll discuss the general challenges related to the new standard, as well as the specific issues that can arise from performing these benchmarking exercises in an extremely tight time frame. Join us to find out how Bloomberg adapts to local regulators' divergence in Basel III implementation.

Speakers

Thomas Labbe

Regulatory Product Development Manager

Bloomberg

Thomas Labbe is a Regulatory Product Manager covering EMEA & APAC regions. He is working closely with clients to understand their regulatory challenges and build corresponding solutions. Prior to joining Bloomberg in 2016, Thomas worked for 15 years at Morgan Stanley and 2 years at Jefferies in London as a trader in rates and credit products.

Eugene Stern

Head of Market Risk Product

Bloomberg

Eugene Stern is the product head for MARS Market Risk, a Bloomberg platform that ties together the firm’s market data, reference data, and instrument-level analytics into a market risk offering for both risk managers and the front office. He helped start the business and has held a number of different leadership roles in product management, implementations, and client services. Prior to Bloomberg, Eugene spent ten years at RiskMetrics, where he started as a quant researcher, building models for market and credit risk, and eventually moved to the business side, leading the product management team and overseeing all offerings across the risk business. Eugene holds a Ph.D. in Math from UC Berkeley, and worked at the University of Pennsylvania as a lecturer in mathematics before moving away from academia to work in risk.

Ken Yanai

Product Manager, Regulatory Data Solutions

Bloomberg

Ken Yanai is a Product Manger responsible for Bloomberg's Accounting and Compliance data and solutions. He works with various market players to develop, enhance and maintain the Accounting and Compliance data set and solutions. Prior to joining the Regulatory and Accounting Product team, Ken worked as a Risk, Valuation & Regulatory specialist sales in Japan leading initiatives including IFRS13 convergence and liquidity regulation for asset managers.

Joe Alicata

Senior Policy Analyst, Government Affairs and Regulatory Strategy

Bloomberg

Joe is a Senior Policy Analyst for Government Relations and Regulatory Strategy in the Government Affairs and Regulatory Policy Group. He joined Bloomberg in October of 2021 after serving in the administration of New York State Gov. Andrew Cuomo where he oversaw the research and vetting operation in the Executive Office at the New York State Department of Financial Services. In addition to working on traditional market structure issues, his policy portfolio covers digital assets, artificial intelligence, New York City and New York State policy. Joe completed his bachelors degree in public policy at the University at Albany, SUNY, and his masters degree in political management at The George Washington University.

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