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IRA to Participate in UCLA Anderson Event: "CAPITAL MARKETS IN CRISIS" May 26, 2009 On June 9, 2009, IRA CEO Dennis Santiago will be participating in a panel presentation and discussion sponsored by the UCLA Anderson Alumni Network. The event will be held at the UCI Faculty Club in Irvine, CA, from 6:30-9:00 PM. For more information or to register, please go to: http://alumni.anderson.ucla.edu/events/details.aspx?itemnbr=2089
Moderator & Featured Speaker
Professor Michael Intriligator - Professor of Economics at the University of California, Los Angeles (UCLA) where he is also Professor of Political Science, Professor of Public Policy in the School of Public Affairs, and Co-Director of the Jacob Marschak Interdisciplinary Colloquium on Mathematics in the Behavioral Sciences. He is also a Senior Fellow of the Milken Institute.
Panelists include:
Caroline Harkins - Market President - Irwin Union Bank. 2005 to present a prior Caroline was senior vice president at Comerica Bank between 2002 to 2005 and Regional Vice President of Imperial Bank 1992 to 2002. She holds a degree from Colgate University.
Lisa Hayes - Certified Mortgage Planning Specialist - Bank of America, Mortgages. Residential Mortgage Banking expert specializing in creative financing solutions for affluent and self-employed individuals. Degree from Stephen F. Austin State University.
Maneesh Goyal - Senior Associate at Miramar Venture Partners. Works with Miramar portfolio companies identifying growth drivers and evaluates prospective investment opportunities. He holds degrees from Worcester Polytechnic Institute and University of Southern California. He also holds an MBA from UCLA Anderson School of Management where he was a Deutschman Venture Fellow.
Dennis Santiago - CEO of Institutional Risk Analytics. Mr. Santiago runs a privately-held firm in the financial services industry. Co-founder responsible for general operations and manager of IRA's consulting services. Head of Research and architecture of IRA's Bank Monitor and Corporate Monitor analytics product lines. Dennis is currently quoted in the May 11th Issue of Barron's magazine. He is a 1991 graduate of UCLA Anderson School of Management.
Mark E. Simmons - President & CEO of Commerce National Bank. Mr. Simmons has a long and distinguished career in the banking industry which includes Marine National Bank and Security Pacific National Bank.
Chris Britt - Founding partner of Marwit Capital. Mr Britt was one of two Managing Partners responsible for the firm's origination, execution, and harvesting of middle market buyouts, recapitalizations, and growth investments. Britt holds a BA in Economics from Stanford University and an MBA in Finance and Entrepreneurial Studies from the UCLA Anderson School of Management.
Questions? Comments? info@institutionalriskanalytics.com
IRA Releases Preliminary Q1 2009 Bank Stress Ratings and Index Results May 8, 2009 In Q1 2009, the bank safety and soundness ratings calculated by the IRA Bank Monitor using data from the FDIC indicate a dramatic climb in the stress in the US banking industry. The industry aggregate average Bank Stress Index calculated by IRA was 1.8 at the end of Q4 2008, but in Q1 2009 jumped to a whopping 5.57 or now half an order or magnitude above the 1995 benchmark year (1995 = 1). The apparent reason for this large increase in stress in Q1 2009 is the number of banks that delivered negative net incomes in the first quarter of 2009, one thousand five hundred seventy-five (1,575) of them.
Click here to go to our Picking Nits blog where IRA CEO Dennis Santiago provides his take on the preliminary data from the FDIC and some observations about what the data suggests for 2009.
IRA's unique automated system enables us to gather bank CALL reports in real time and then process ratings based upon this data as it becomes available on the FDIC web site. Users of the consumer and professional version of the IRA Bank Monitor will also be able to see the ratings for individual institutions that have filed their CALL reports to date when we enable those new displays next week.
Access to the IRA Bank Stress Index ratings for every US bank costs just $500 per year and enables users to see ratings for over 8,000 FDIC insured banks and thrifts. Users may purchase a one-year subscription to the IRA Bank Survey Tool by using the IRA Cart.
Other news coverage about the Q1 2009 IRA Bank Stress Index:
The Nation
http://www.thenation.com/doc/20090525/greider2 The Economist http://www.economist.com/finance/displaystory.cfm?story_id=13611881 The Big Picture http://www.ritholtz.com/blog/2009/05/barrons-up-down-wall-street-column/ Questions? Comments? info@institutionalriskanalytics.com IRA Releases Q4 Banking Industry Stress Index, Bank Ratings March 1, 2009 IRA has released its Banking Industry
Stress Ratings for all US banks as of Q4 2008 for users of the professional and
consumer versions of The IRA Bank Monitor.
In Q4 2008, average industry stress rose 15%
to 1.77 vs. Q3 2008. The Stress Index is now 77% above the benchmark for all US
depository institutions (1=1995). Questions? Comments? info@institutionalriskanalytics.com CDS: Everything You Wanted to Know About Credit Default Swaps February 5, 2009 On Monday, February 23, 2009, IRA co-founder
Christopher Whalen and Mark Brickell, former Chairman of the International Swaps
and Derivatives Association (ISDA) and founder of Blackbird Holdings, will
debate the pros and cons of the OTC market for credit default swaps. The event
is being held between 2:00 and 4:00 PM at Wohlstetter Conference Center, Twelfth
Floor, AEI 1150 Seventeenth Street, N.W., Washington, D.C. 20036.
Peter Wallison, Resident Scholar at AEI, will moderate the discussion. The panel has been deliberately limited in size to maximize the time for Q&A and discussion. For more details, click the link below: http://www.aei.org/events/type.upcoming,eventID.1885,filter.all/event_detail.asp http://www.prmia.org/events/view_events.php?eventID=3306 Questions? Comments? info@institutionalriskanalytics.com Letter Grade Bank Safety and Soundness Ratings Added to IRA Bank Monitor December 23, 2008 Institutional Risk Analytics has added explicit letter rating grades for safety and soundness calculated for all US banks and bank holding companies. The A-F grades are displayed in both the individual IRA Bank Cart Reports as well as in all of the profiles in the IRA Bank Monitor professional analytics tool. Ratings are available for both individual bank units and bank holding companies, which are shown in a "bank only" roll-up format to enable apples-so-apples comparisons of large and small bank and thrift institutions. These fundamentals-based ratings are focused not on projections of future earnings or equity market volatility, but instead on the safety and soundness of the depository. The five ratings categories are shown below: IRA's Letter Grade Rating System for all US Banks A+ -- Overall Bank Stress less than 1995 1.0 index baseline. Banks with this grade tend to exhibit stong metrics across the board. A -- Stress slightly less than the industry average. Bank business practices are much more varied than people realize. Institutions in this category exhibit business model choices that allow them to operate with improved cushion against current systemic threats. B -- Stress slightly above the industry average. These banks begin to show sensitivity to systemic stresses but still have a business model that offers a some degree of flexibility to resist crisis forces. C -- Stress levels moderately above industry average. In these banks, one or more key metric areas begin to show degradation(s) indicating a need for active attention by officers and directors. D -- Stress indicators well above the industry average. These institutions tend to show significant degradation in one or more of the key areas of measurement. Concern has likely begun to garner the attention of parties outside the bank. F -- Stress levels at the extreme range above industry average. At this degree of stress, one or more of the key elements of the business model has reached failure mode. What concerns exist are probably already public. The factors included in the ratings are based on IRA's Bank Stress Index, which include:
* Profitability These classical measures of bank
soundness are brought together in the Bank Stress Index, which is based on an
explicit census of all active FDIC reporting depository institutions. As of
Q3 2008, the average stress level for the entire US banking industry was 1.5 vs.
the 1.0 index benchmark for 1995. The new ratings have been
implemented retroactively for all current subscribers to the IRA Bank Report service and are displayed at
the top of the reports for Q3 2008. |
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