The Root Cause of the Sub-Prime Meltdown

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Description

The meltdown of the subprime mortgage market has led to one of the largest financial liquidity crises in history. The root causes go far beyond failures in regulatory oversight and risk management and can be found in the composition, organization, and orientation of corporate boards. Without fundamental reforms at the board level, the suggested and tactical regulatory reforms will do little to prevent the next catastrophic failure in risk management.

Event Details

Presentation Method: Web/Phone
Date: August 21, 2008
Length: 60 minutes including Q&A

Presented By

Anthony Tarantino, Ph.D., Member of the Advisory Board of the GRC Group's SOX Institute.

Anthony Tarantino has 22 years of industry operations experience and is accepted as a leading authority in GRC for Basel II, Solvency II, and several corporate and IT governance regulations in the 17 leading economies. He is a senior advisor at IBM’s Governance, Risk, and Compliance (GRC) Center of Excellence, Financial Services Sector. He was BearingPoint’s compliance and compliance automation practice lead with heavy emphasis on SOX 404 support, audit operations, compliance automation tools. In the past, he served as an adjunct Professor of Operations Management at Charleston South University Business School. He has published over a dozen compliance-related articles for Accounting Today, Oracle Journal, ISM, Cutter IT Journal, SOX Journal, and Inside GRC, as well as three textbooks on governance, risk, and compliance for John Wiley & Sons. He is Six Sigma Black Belt and CSOXP certified.

Key Topics

• Background to the Financial Liquidity Crisis of 2007-2008
• Why the Financial Liquidly Crisis Deserves Special Attention
• The Root Cause of Crisis - The Usual Suspects
• How to Prevent the Next Catastrophic Failure in Financial Risk Management
• What to Watch for as we Enter 2009