Deposit Insurance and Risk Based Assessments webcast by The Knowledge Congress
John L. Douglas, Partner in Paul Hastings Corporate department, will speak at the Knowledge Congress upcoming webcast entitled: Deposit Insurance and Risk Based Assessments. This two-hour event is scheduled on May 6, 2009, Wednesday, 3:00 PM to 5:00 PM ET.
Given increased pressure on the banking system, the FDIC raised its deposit insurance premiums on January 1 in order to replenish its own reserves. An additional rate hike is schedule to take effect in 2Q 2009. For many federally insured institutions, these effectively mandatory premiums are tripling or even quadrupling. While some are passing the expense to depositors, others have voiced concerns that it will be impossible to recoup all their costs in this way.
In this LIVE webcast, some of the banking industrys great minds share their sense of the best practices out there for managing FDIC premiums in a competitive environment. Topics addressed include the large bank method and other new provisions in the risk based assessment system as well as the prospect that additional bank failures may push premiums even higher.