How are Fannie Mae and Freddie Mac’s risk-sharing transactions working? This presentation highlights three measures—fair value, risk exposure, and net premiums—used to analyze those transactions.
Presentation by Mitchell Remy, an analyst in CBO’s Financial Analysis Division, at the Credit Risk Transfer Symposium.
CBO provided estimates for H.R. 10, the Financial CHOICE Act, as ordered reported by the House Committee on Financial Services, and S. 2155, the Economic Growth, Regulatory Relief, and Consumer Protection Act, as ordered reported by the Senate Committee on Banking. This presentation explains how enacting the legislation could affect the federal budget through costs to resolve failed financial institutions and administrative costs for federal financial regulators.
Presentation by Sarah Puro, Principal Analyst in CBO’s Budget Analysis Division, at a Congressional Research Service seminar.
Procurement & Government Contracting Compliance (Series: Corporate & Regulato...Financial Poise
The volume and complexity of transactions related to procurement are some of the reasons that transactions with the government are most vulnerable to corruption. State and federal regulatory compliance can be tough to navigate and the process can make even routine sales and marketing practices vulnerable to civil and criminal liability. This webinar analyzes the regulatory framework, including identification of some of the legal risks in solicitations, pre- and post-award bid protests, contract compliance, change orders, and contract claims and disputes. The webinar also discusses defense strategies of a company that is accused of fraud or civil non-compliance.
To view the accompanying webinar, go to: https://www.financialpoise.com/financial-poise-webinars/procurement-government-contracting-compliance-2020/
What are the best practices for municipal securities issuers to help ensure t...CohenGrigsby
For many years, issuers of municipal securities (bonds, notes or other obligations sold to the public) focused only on primary offering disclosure with respect to such securities. #Catalystmag #PAChamber
How are Fannie Mae and Freddie Mac’s risk-sharing transactions working? This presentation highlights three measures—fair value, risk exposure, and net premiums—used to analyze those transactions.
Presentation by Mitchell Remy, an analyst in CBO’s Financial Analysis Division, at the Credit Risk Transfer Symposium.
CBO provided estimates for H.R. 10, the Financial CHOICE Act, as ordered reported by the House Committee on Financial Services, and S. 2155, the Economic Growth, Regulatory Relief, and Consumer Protection Act, as ordered reported by the Senate Committee on Banking. This presentation explains how enacting the legislation could affect the federal budget through costs to resolve failed financial institutions and administrative costs for federal financial regulators.
Presentation by Sarah Puro, Principal Analyst in CBO’s Budget Analysis Division, at a Congressional Research Service seminar.
Procurement & Government Contracting Compliance (Series: Corporate & Regulato...Financial Poise
The volume and complexity of transactions related to procurement are some of the reasons that transactions with the government are most vulnerable to corruption. State and federal regulatory compliance can be tough to navigate and the process can make even routine sales and marketing practices vulnerable to civil and criminal liability. This webinar analyzes the regulatory framework, including identification of some of the legal risks in solicitations, pre- and post-award bid protests, contract compliance, change orders, and contract claims and disputes. The webinar also discusses defense strategies of a company that is accused of fraud or civil non-compliance.
To view the accompanying webinar, go to: https://www.financialpoise.com/financial-poise-webinars/procurement-government-contracting-compliance-2020/
What are the best practices for municipal securities issuers to help ensure t...CohenGrigsby
For many years, issuers of municipal securities (bonds, notes or other obligations sold to the public) focused only on primary offering disclosure with respect to such securities. #Catalystmag #PAChamber
Tools for Tracking the Economic Impact of LegislationMercatus Center
Laws passed by Congress impact the economy, but Congress has no systematic way to comprehensively track and assess the economic impact of legislative actions. This is especially difficult when laws empower federal agencies to regulate. While the current budget process scores and tracks the economic impact of spending and taxes, it does not account for the economic consequences of regulation.
Presented by Jerry Sogoli at the 4th Annual East Africa Finance Summit
A comparative analysis of the independent regulatory agency approach vis-à-vis direct government oversight and the appropriateness of the former in regulating today’s insurance sector
May 13, 2015 Webinar
Presented by EDR & EBA
“The Dodd-Frank Act” is all over the news. It’s reportedly killing community banks, and will impact all of the banking members in this distribution in some capacity. In continuation of a February Environmental Bankers Association - Risk Management Call (EBA-RMC) John Rybak and Greg Lampe of BB&T Bank, and attorney Brad Merrill of Snell-Wilmer, will provide an explanation of what’s going on, notably with respect to Banking Vendor Management (“vetting the vendors”).
Since its passage in 2010, implementation and interpretation of the 2,323 page long Dodd-Frank Act has touched most every part of banking including how banks use vendors, particularly in the area of mortgages and consumer compliance. Five years later there remains substantial uncertainty as new rule making continues. During our call we will provide a summary of key regulatory areas every banker should be aware of in vendor management as well as some of the general results of Dodd-Frank and exposure for non-compliance.
WG Consulting held an early morning breakfast seminar at the Houston Junior League to discuss the Dodd-Frank Compliance landscape as it currently stands as is expected to shape out--and how that effects energy businesses of all sizes today.
Baker Tilly Presents: New to Cost Reimbursement Contracts? Meet Your New Frie...BakerTillyConsulting
Presented at NCMA's World Congress 2016
Presenters: Baker Tilly's Brent Calhoon, CPA, Partner and Jennifer Flickinger, Partner
The world of cost reimbursement contracts has many exciting twists and turns. Contractors have to be ready to tackle the roller-coaster ride that comes with these complex contracts. This session provides an overview of some of the strict regulatory requirements that come into play as contract value and risk increase. The presenters will touch on the business system criteria, annual cost reporting requirements, the Cost Accounting Standards, and more. www.bakertilly.com/governmentcontractors
Tools for Tracking the Economic Impact of LegislationMercatus Center
Laws passed by Congress impact the economy, but Congress has no systematic way to comprehensively track and assess the economic impact of legislative actions. This is especially difficult when laws empower federal agencies to regulate. While the current budget process scores and tracks the economic impact of spending and taxes, it does not account for the economic consequences of regulation.
Presented by Jerry Sogoli at the 4th Annual East Africa Finance Summit
A comparative analysis of the independent regulatory agency approach vis-à-vis direct government oversight and the appropriateness of the former in regulating today’s insurance sector
May 13, 2015 Webinar
Presented by EDR & EBA
“The Dodd-Frank Act” is all over the news. It’s reportedly killing community banks, and will impact all of the banking members in this distribution in some capacity. In continuation of a February Environmental Bankers Association - Risk Management Call (EBA-RMC) John Rybak and Greg Lampe of BB&T Bank, and attorney Brad Merrill of Snell-Wilmer, will provide an explanation of what’s going on, notably with respect to Banking Vendor Management (“vetting the vendors”).
Since its passage in 2010, implementation and interpretation of the 2,323 page long Dodd-Frank Act has touched most every part of banking including how banks use vendors, particularly in the area of mortgages and consumer compliance. Five years later there remains substantial uncertainty as new rule making continues. During our call we will provide a summary of key regulatory areas every banker should be aware of in vendor management as well as some of the general results of Dodd-Frank and exposure for non-compliance.
WG Consulting held an early morning breakfast seminar at the Houston Junior League to discuss the Dodd-Frank Compliance landscape as it currently stands as is expected to shape out--and how that effects energy businesses of all sizes today.
Baker Tilly Presents: New to Cost Reimbursement Contracts? Meet Your New Frie...BakerTillyConsulting
Presented at NCMA's World Congress 2016
Presenters: Baker Tilly's Brent Calhoon, CPA, Partner and Jennifer Flickinger, Partner
The world of cost reimbursement contracts has many exciting twists and turns. Contractors have to be ready to tackle the roller-coaster ride that comes with these complex contracts. This session provides an overview of some of the strict regulatory requirements that come into play as contract value and risk increase. The presenters will touch on the business system criteria, annual cost reporting requirements, the Cost Accounting Standards, and more. www.bakertilly.com/governmentcontractors
Key Takeaways:
- Issues in Comparability Analysis and Handling Information Deficiencies
- Losses and Allocation of Covid-19 Specific Costs
- Factoring Government Assistance
- Solutions for Advance Pricing Agreements under Negotiation
Way Forward
The federal budget is a measure of the overall scope and magnitude of federal activities that involve the spending or collection of money. The net costs of those activities are shown in the budget mostly on a cash basis, but some transactions are recorded by means of accrual accounting. This presentation discusses the advantages and disadvantages of cash and accrual measures when accounting for various federal insurance programs and federal retirement programs.
The federal budget is a measure of the overall scope and magnitude of federal activities that involve the spending or collection of money. The net costs of those activities are shown in the budget mostly on a cash basis, but some transactions are recorded by means of accrual accounting. This presentation discusses the relative merits of cash and accrual measures when accounting for various federal insurance programs and federal retirement programs.
ISMED Training: PPP Fundamentals by Andrew Fitzpatrick, OECDOECDGlobalRelations
Presented at the Training Session on Public Private Partnerships organised by the MENA-OECD Investment Security in the Mediterranean (ISMED) Support Programme in September 2014.
Slides from Abu Dhabi Prroject Financing Conference (2002) on "Negotiating the Terms & Conditions of the Project Debt and Achieving Financial Close"
Taxmann's Webinar on Transfer Pricing Implications of the COVID-19 PandemicTaxmann
COVID-19 has created a spell of disruptions and changes that have left practically no facet of business untouched. OECD also recently released guidance on how to manage the impact of the pandemic in order to correctly apply the arm's length principle in intra-group transactions.
Since the ex-ante arm's analysis is time-sensitive, let’s hear from experts on the proposed solutions on the aforesaid framework and the upcoming challenges for taxpayers.
A surety bond is a financial instrument through which an insurance company guarantees the successful performance of an Aon
client to a third party, known as a beneficiary or employer. It is a written agreement that provides compensation in the event
that specified obligations are not performed within a stated period.
12 erros mais comuns de modelagem em concessões e PPPs e a recente decisão do...Mauricio Portugal Ribeiro
12 erros mais comuns de modelagem em concessões e PPPs e a recente decisão do STF proibindo gestão de resíduos sólidos em áreas de preservação permanente.
Palestra ministrada por Mauricio Portugal Ribeiro, no dia 28/11/2018, no 2 Fórum de Gestores Municipais, em Salvador, BA.
A Medida Provisória n⁰ 752/16 e os setores rodoviário e aeroportuário - Seu c...Mauricio Portugal Ribeiro
Artigo de autoria de Mauricio Portugal Ribeiro sobre a Medida Provisória 752/16, que deveria tratar da reestruturação dos contratos de concessão, mas que lamentavelmente foca apenas na sua relicitação
Versão preliminar publicada em 26/01/2017.
Comentários às Diretrizes Recentemente Publicadas do Novo Programa de Investi...Mauricio Portugal Ribeiro
Artigo de autoria de Mauricio Portugal Ribeiro sobre as diretrizes do programa federal de investimentos em infraestrutura, divulgadas em 13/09/2016
Versão preliminar publicada em 26/09/2016.
Medida Provisória 727 sobre PPI: o Governo Temer renunciou a usar investiment...Mauricio Portugal Ribeiro
Artigo de autoria de Mauricio Portugal Ribeiro sobre as principais omissões do Programa de Parceria de Investimentos - PPI do Governo Federal, e da Medida Provisória 727/16 que o criou.
Versão preliminar publicada em 05/07/2016.
Programa de curso a ser ministrado por Mauricio Portugal Ribeiro e Gabriel Galipolo, em São Paulo, em 25 e 26 de agosto de 2016, sobre equilíbrio econômico-financeiro de concessões e PPPs.
Aleatoriedade em processos de reequilíbrio de contratos: o uso de estimativas...Mauricio Portugal Ribeiro
Artigo de autoria de Mauricio Portugal Ribeiro sobre os elementos aleatórios no reequilíbrio de contratos de concessão e PPP.
Versão preliminar publicada em 03/04/2016.
A necessidade de aperfeiçoamento da distribuição de riscos a ser prevista nos...Mauricio Portugal Ribeiro
Artigo de autoria de Mauricio Portugal Ribeiro sobre a necessidade de aperfeiçoamento da distribuição de riscos dos próximos contratos de concessão de rodovias do Estado de São Paulo.
Versão preliminar publicada em 16/03/2016.
Comentários ao Estudo sobre Estruturação de Concessões e PPPs elaborado pelo ...Mauricio Portugal Ribeiro
Artigo de autoria de Mauricio Portugal Ribeiro, sobre estudo, financiado pelo BNDES e pelo IFC, e recentemente publicado, sobre o desenvolvimento de estudos para projetos de infraestrutura no Brasil sobre a forma de PMI - Processo de Manifestação de Interesse.
Publicado em 03/03/2016
Programa do curso de ser ministrado em 2 dias. Busca responder às seguintes perguntas: como deveria ser estruturada as principais partes de um contrato de concessão e PPP? Quais os principais erros que estão sendo cometidos na modelagem desses contratos? Como deveria ser uma licitação de concessão ou PPP?
Seguro-garantia de cumprimento de contrato com cobertura integral como único ...Mauricio Portugal Ribeiro
Artigo de autoria de Mauricio Portugal Ribeiro, sobre a proposta de utilização de seguro-garantia de cumprimento de contrato de valor igual ao valor do contrato ou do investimento, como único ou principal instrumento para a habilitação em licitações públicas de obras, concessões ou PPPs de infraestruturas.
Publicado em 31/12/2015.
Artigo de autoria de Mauricio Portugal Ribeiro sobre o “PPP Mais e o regime dos contratos de concessão e PPP: erros, acertos e oportunidades que não deveriam ser perdidas", publicado em 15/12/2015.
Programa de seminário promovido pelo CERI - Centro de Estudos em Regulação e Infraestrutura da FGV, sobre a mitigação de riscos em concessões de infraestrutura, a se realizar no dia 08/12/2015, no Rio de Janeiro
Artigo de autoria de Mauricio Portugal Ribeiro e Gabriela Engler Pinto, sobre os efeitos jurídicos de aumento de eficiência operacional que torna desnecessária a expansão de infraestrutura em contratos de concessão e PPP.
A primeira versão foi carregada no slideshare em 16/11/2015, mas foi tornada acessível ao público apenas em 19/11/2015.
Artigo de autoria de Mauricio Portugal Ribeiro, sobre os reequilíbrios incompletos de contratos de concessão e PPP: reequilíbrios econômicos que não caracterizam reequilíbrios financeiros; e, reequilíbrios financeiros que não caracterizam reequilíbrios econômicos. Publicado em 01/11/2015.
Artigo de autoria de Mauricio Portugal Ribeiro, sobre a regra que proíbe que a atividade de recomposição do equilíbrio econômico-financeiro altere a distribuição de ricos originária do contrato de concessão ou PPP. Publicado em 20/09/2015.
O atraso em reequilibrar concessões e PPPs pode ser enquadrado como improbida...Mauricio Portugal Ribeiro
Artigo de autoria de Mauricio Portugal Ribeiro e Denise Nefussi Mandel sobre as consequências do atraso em reequilibrar contratos de concessão e PPP. Publicado em versão preliminar 13/09/2015.
Programa de curso a ser ministrado por Mauricio Portugal Ribeiro e Gabriel Galipolo, em São Paulo, em 22 e 23 de outuburo de 2015, sobre equilíbrio econômico-financeiro de concessões e PPPs.
COMO LIDAR COM O RISCO DE FINANCIAMENTO DE CONCESSÕES E PPPS EM PERÍODOS DE N...Mauricio Portugal Ribeiro
Artigo de autoria de Mauricio Portugal Ribeiro, sobre o risco de financiamento de concessões e PPPs, em períodos de normalidade e de crise. Publicado, em versão preliminar, no dia 08/07/2015
1. Best practices on PPP and concession contracts structuring Mauricio Portugal Ribeiro Aug 2010
2. Contents 1. Introduction Output based contracts Insurance and performance bond Protection of financers and monitoring of concessionaire financial conditions Risk sharing arrangements Default and conflict management tools Termination and early termination of contracts Credit enhancement of the Government and backstop facilities to Government payments
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9. Risk Matrix Example Risk matrix was extracted from the Pontal Project, in Petrolina, taken from the model developed by the IFC – International Finance Corporation
15. From a legal standpoint, consolidate:The protections to financers specially in the case of early termination of contracts The possibility of requiring minimum credit rating level from the insurers and performance guarantee providers That payment for non depreciated assets of the concessionaire can be done before transferring of them to the Government That the backstop facilities structures to do the credit enhancement of the Government payment are valid
