Keynote Speakers | Panel Discussions | Additional Resources | Related Media Links: Video Clips, Press Coverage
| Keynote Speakers |  |  |
The Honorable Charles Schumer
 United States Senate
Member of the United States Senate Committee on Banking, Housing, and Urban Affairs Listen to Senator Schumer’s speech | Watch the video Schumer provided six principles for the overhaul of the current financial regulatory system: - Focus on controlling systemic risk and ensuring stability
- Unify and simplify the regulatory structure
- Regulate any unregulated markets, for example exotics and CDS
- Create a global solution for reform
- Increase transparency
- Change the current laissez-faire approach to regulation of the current administration
Neel Kashkari
 Interim Assistant Secretary of the Treasury for Financial Stability and Assistant Secretary of the Treasury for International Economics and Development
United States Department of the Treasury Listen to Neel Kashkari’s speech | Watch the video | Read the speech - There is no date or timeline for implementation of the Asset Purchase Program under TARP. It, along with details regarding the program, will be at the discretion of Secretary Paulson.
- Kashkari noted that AIG’s revised $150 billion program, announced Sunday night, is a one-off investment under TARP and was determined to be necessary to maintain financial stability. It does not imply an expansion of the institutions able to participate in TARP, nor is it an indication of a new program under TARP.
- A private bank application form is being created; its deadline for application will be extended.
- Solicitation for asset managers for the bank investments were published this past Friday. Applications are due November 13.
| Panel Discussions | | |
- TARP As We Know It
- The Banking Business Model After TARP
- Creating and Managing an Effective TARP Whole Loan Purchase Program
- Maximizing the Impact of a TARP Securities Purchase Program
- How Will TARP Benefit the Homeowner?
| Featured Speaker | | |
L. William Seidman, Chairman, FDIC 1985-1991, Chairman, Resolution Trust Corporation 1989-1991 and Chief Financial Commentator, CNBC | Additional Resources | | |
SIFMA and ASF Comments to the Treasury Department Re: Development of a Guarantee Program for Troubled Assets (TARP)
Filed October 28, 2008 Results of Industry TARP Survey
Joint SIFMA, ASF, ABA, MBA and CMSA TARP Survey
Dated November 6, 2008 Morrison Foerester Summary of the SIFMA TARP Conference
Dated November 10, 2008 | Related Media Links | | |
Video Clips CNBC News: SIFMA Summit on TARP
Mon. Nov. 10 2008 | 11:42 AM[02:28]
Insight on whether the Bush administration should include U.S. automakers in the TARP, with CNBC's Bill Seidman.
Kashkari Speaks
Mon. Nov. 10 2008 | 10:20 AM[02:15]
The man in charge of the government's $700B plan speaks at the SIFMA summit in New York, reports CNBC's Mary Thompson. Schumer Says Restructuring Bank Rules a `Major Priority': Video
Nov. 10 (Bloomberg) -- U.S. Senator Charles Schumer, a Democrat from New York, speaks at a Securities Industry and Financial Markets Association summit on TARP about the U.S. financial regulatory structure. SIFMA’s Ryan Sees TARP Lifting Troubled Assets From AIG: Video
Nov. 10 (Bloomberg) -- Tim Ryan, president and chief executive officer of the Securities Industry and Financial Markets Association (Sifma), talks with Bloomberg's Margaret Popper from New York about the impact of the Troubled Asset Relief Program on American International Group Inc. and outlook for the automobile industry. (Source: Bloomberg)
RBC's Cassidy Sees `Very Bad' Earnings for Top 25 Banks: Video
Nov. 10 (Bloomberg) -- Gerard Cassidy, analyst at RBC Capital Markets, talks with Bloomberg's Margaret Popper in New York about the Troubled Asset Relief Program (TARP), its impact on bank stocks and the outlook for fourth-quarter earnings for the banking industry. (Source: Bloomberg)
Kashkari Calls Treasury's AIG Action `Necessary': Video
Nov. 10 (Bloomberg) -- Neel Kashkari, the U.S. Treasury's interim assistant secretary for financial stability, speaks in New York about the Troubled Asset Relief Program (TARP) and the impact of the TARP on American International Group Inc. He speaks at a Securities Industry and Financial Markets Association (SIFMA) event. Press Coverage Bailout needs time to work: Official
CNN Money
By Tami Luhby, CNNMoney.com senior writer
Last Updated: November 10, 2008: 11:53 AM ET
Kashkari Says AIG Action `Necessary' for Stability (Update1)
Bloomberg News
By Rebecca Christie and Anthony Massucci
Last Updated: November 10, 2008 10:54 EST
Tsy's Kashkari Says Extended Bailout of AIG Necessary for Stable Markets
Mon Nov 10, 2008 10:40am
CEP News-Canada
NY Sen Schumer: Regulation Overhaul Priority For New Congress
By Emily Barrett
Of DOW JONES NEWSWIRES
NOVEMBER 10, 2008, 9:32 A.M. ET
Tsy Official: Dept Has Made 'Tremendous' Progress With TARP
By Meena Thiruvengadam
Of DOW JONES NEWSWIRES
NOVEMBER 10, 2008, 10:38 A.M. ET
Tsy's Kashkari: AIG Action Was Needed For Fincl Stability
By Emily Barrett
Of DOW JONES NEWSWIRES
NOVEMBER 10, 2008, 11:33 A.M. ET Treasury's Kashkari Warns Markets "Remain Fragile"
11/10/2008 11:40 AM ET
Real Time Traders-RTT News Global Financial News Wires
Sen. Schumer on Wall Street's coming regulatory reform
[Posted on November 10, 2008 at 11:39 AM]
The Daily Deal
Neel Kashkari on the bailout's progress
[Posted on November 10, 2008 at 11:32 AM]
The Daily Deal Rescue plans may slow pricing of troubled assets
Mon Nov 10, 2008 12:57pm EST
Reuters
By Pedro Nicolaci da Costa
U.S. government swoops with revamped AIG bailout
Janet Whitman, Financial Post
Published: Monday, November 10, 2008 Kashkari mum on TARP progress
By Isabelle Clary
Pensions & Investments
Posted: November 10, 2008, 3:06 PM ET
Kashkari: Treasury’s TARP Faces Long Road Ahead
Posted By DIANA GOLOBAY
November 10, 2008 3:46 pm
Housingwire.com Possible restrictions on loans—not exec pay—scaring some bankers off TARP
FinancialWeek
By Nicholas Rummell
November 10, 2008 ET Schumer Outlines Regulatory Reform Plan, Calls for Contemplating Single Regulator
BNA: The Daily Report for Executives
Financial Institutions
Tuesday, November 11, 2008 Fed Revises AIG Rescue Lending Program As Treasury Steps in to Purchase Equity
BNA: The Daily Report for Executives
Financial Institutions
Tuesday, November 11, 2008
TARP Czar: AIG bailout isn't start of larger program
InvestmentNews
By Jed Horowitz
November 10, 2008
US is reticent on fate of toxic assets
Financial Times
By Joanna Chung and Aline van Duyn in New York
Published: November 11 2008 02:00 | Last updated: November 11 2008 02:00 Single financial regulator will prevent ‘charter-shopping,’ says Schumer
By Hilary Johnson
November 10, 2008 4:09 PM ET TARP Won't Spread Loans for Months, Chief Suggests
Vincent Ryan, CFO.com | US
November 10, 2008 Deadline Nears for Banks as Treasury Program Progresses
By Heather Landy
Special to The Washington Post
Tuesday, November 11, 2008; A10
Fannie, Freddie Said to Increase Efforts to Cut Foreclosures
By Rebecca Christie and Robert Schmidt
Bloomberg News-;
Last Updated: November 11, 2008 00:01 EST RBC's Gerard Cassidy: TARP will slow M&A
[Posted on November 10, 2008 at 12:10 PM]
The Daily Deal
Strong regulation of PE and hedge funds likely on the way
[Posted on November 10, 2008 at 11:42 AM]
The Daily Deal
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