Regulatory Compliance Featured at January Central Jersey Chapter Meeting
Chapter Continues Series of Meetings in Central New Jersey
The NY/NJ Chapter continued the series of Chapter meetings offered in the central New Jersey area. The most recent event was held at the Renaissance Woodbridge Hotel in Woodbridge, NJ on Wednesday, January 29, 2014. These events are specifically intended for the convenience of Chapter Members in the Central New Jersey area. The meeting featured two sessions on regulatory compliance each presented by quality speakers highly experienced in the regulatory environment. Asset Liability & Liquidity Management – How to Avoid Regulatory Criticism was the key topic of the afternoon mini-session presented by Salvatore Zerilli CPA, a Principal from the Mercadien Group. The 2014 Regulatory Environment was presented by Steven King, JD, Director of Regulatory Compliance Services, Wolf and Co. PC, following dinner.
Featured mini-session speaker Salvatore Zerilli CPA, from the Mercadien Group presented ALM Management - How to Avoid Regulatory Criticism. (Photo from earlier meeting)
Attendees earn CPE credits while getting the latest advice regarding regulatory compliance. (Photo from earlier meeting)
The cocktail hour following the mini-session presented Members and guests with the opportunity to relax and sample a variety of tasty treats before settling down to enjoy a full course dinner before the dinner presentation by Steven King.

Steven has more than 20 years of experience as an advisor to financial institutions with particular expertise in guiding clients through the federal and state regulatory compliance process from both an operational and legal perspective. Steven reviewed the factors and guidelines he has used in the design, implementation and monitoring of custom compliance programs. He outlined the compliance challenges that institutions will likely face during the upcoming year and offered practical solutions that financial managers should consider.

The mini-session presented by Salvatore Zerilli focused on regulatory compliance with an ALM perspective.The agenda included an explanation of the common pitfalls involved in the formation of an ALM policy, guidelines for developing policy components, model simulation reporting and validation as well as the importance model back-testing.

Salvatore emphasized the main risks that a sound ALM policy must address including the recognition of adequate loss exposure in developing the policy guidelines as well as measuring the loss potential due to inadequate asset/liability management.

He presented the specific items necessary for a sound policy and the tools that should be utilized to determine plan performance and measure loss potential on an ongoing basis. He emphasized that financial managers should use a simulation model to measure loss potential on the current portfolio as well as to strategize future products and rate structures. He noted the importance of validating the model, identifying key assumptions and documenting the rationale of key assumptions.

Topics and Speakers

The 2014 Regulatory Environment

Steven King photo
Steven R. King JD
Wolf and Co. PC

ALM Management - How to Avoid Regulatory Criticism

Salvatore Zerilli photo
Salvatore Zerilli CPA
Managing Director
The Mercadien Group
609 689-2344

Slide Presentation