Emerging Issues in Investments and Derivatives


Course Details:
Emerging Issues in Investments and Derivatives


This course is dedicated to new developments in the investments and derivatives world and the challenges for auditors that results. With all of the risk inherent in this highly complicated area, it is critical to stay on top of the new developments, new risks, new structures, new technology and new regulations.

This class will cover all of the “news” that auditors should be concerns about. This is a class you can’t afford to miss if your continued or new responsibility is auditing the investment and derivative areas within your company.

Notice: Course will be held in-person in San/Diego/La Jolla. 

COURSE TOPICS*

Note: Due to the nature of the course and given the uncertainty in the market, course subject matter will be finalized at a later date. Course topics are subject to change.

Note: Due to the nature of the course and given the uncertainty in the market, topics are subject to change.

  • Economic Overview: We are excited to announce Rob McDonough, Director of ESG and Regulatory Initiatives from Angel Oak Capital Advisors, will be returning to guide us through the key factors driving the economy its effect on capital markets and investments. Discussion will include topics such as:
    • Where are domestic and global economic indicators pointing?
    • What’s the Fed’s Next move? Is a rate cut coming in September?
    • Soft or Hard Landing? Monetary Policy Post-Mortem
  • Investment and Derivative Case Studies: Examine recent failures, debacles and market events and analyze what went wrong, such as:
    • Was Archegos a ‘House of Cards’?: Bill Hwang is Found Guilty
    • How One of the World’s Oldest Hedge Funds Went Belly Up
    • Memes Stocks and Squeezes are Back: MMTLP, AMC, Nividia…
    • Citi’s Delta1 Desk’s $189 Billion Fat Finger
    • And more…
  • Failures in Risk Management: Lessons Learned from the Collapse of Silicon Valley Bank – Risk signals were flashing red at Silicon Valley Bank (SVB) in the months leading up to its collapse in March 2023. But these signals and others were largely ignored and downplayed by bank leadership and overlooked by its Board, while the Bank’s regulators reacted too slowly and placed too much confidence in the Bank’s risk management capabilities. We are thrilled for Tom Brandt, Chief Risk Officer for the Federal Retirement Thrift Investment Board, will be joining us to review what happened, look into why and how critical risks were not addressed, and consider some of the lessons that can be learned when risk management goes sideways at organizations like SVB.
  • Understanding Significant Risk Transfer Transactions (SRTs) – SRTs (sometimes referred to as credit risk transfers or CRTs) have attracted considerable attention recently, as many banks are looking for ways to optimize their capital structure. This segment explain what SRTs are and how these transactions can reduce risk-weighted assets (RWAs), helping banks to meet the more stringent regulatory capital requirements proposed as a result of the recent regional bank failures and the proposed Basel III Endgame regulations.
  • Benchmarks: Best Practices and Bad Behavior – Benchmarking is used to measure the performance of a portfolio. Investment auditors are well aware that Portfolio Managers live and die by performance, which is measured relative to a benchmark; however, benchmarks are often overlooked in investment audits. This session will review how benchmarks are constructed and selected for asset classes and portfolios, as well as key controls in the benchmarking process.
  • Modern Day Ponzi Schemes: Reviewing the Red Flags
    • A Jefferies Hedge Fund’s Portfolio Manager and a Water Ponzi Scheme
    • Harvard Business School Grad Swindles Fellow Alumni
    • ‘Cryptoqueen’ Makes FBI’s Ten Most-Wanted List for $4 billion Ponzi Scheme
  • Crypto Catchup: Review the latest developments in crypto cases, common denominators and how such cases are shaping crypto regulation.
    • Crypto Rebounds – and FTX Finds the Money: Was SBF Right??
    • Binance Boss Heading to Prison – and Crypto’s Fight Against Market Manipulation
    • FTX-Linked Crypto Bank Silvergate Charged with Compliance Failures
    • The Regulatory Conundrum with Crypto
  • Plus: Review and discuss market developments, regulatory initiatives, and reoccurring themes we’re seeing in investment and derivative audits, including:
    • Understanding Actual vs. Perceived Conflicts of Interests
    • Independent Investment Risk Oversight Function Leading Practices
    • Governance: Are Your Board Members Asking the Right Questions?
    • Roll-out of the Shortened Treasury Settlement and the State of Proposed Market Structure Reform Initiatives
    • The Return of the Syndicated Loan and What it Means for the Private Credit
    • SEC Private Fund Rule Vacated: What This Means for the Future of Private Fund Regulation

Hotel Information:

Hotel La Jolla, Curio Collection by Hilton

7955 La Jolla Shores Dr
La Jolla, CA 92037
Phone: (858)551-3600
Room Rate: US $289
Hotel Reservation Block: Click Here

Course Duration: 2.5 day(s)
CPE Hours Available: 20
Field of Study: Accounting (2), Auditing (4),  Economics (2), Specialized Knowledge (12)
Program Level: Intermediate
Prerequisites: ​General Knowledge of Audit & Investments
Advance Preparation:      None
Delivery Method: Group Live or Group-Internet Based

Investment Training and Consulting Institute, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credits. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
Attendance Requirements: In order to be awarded the full CPE hours, attendees must complete at least 3 attendance monitoring mechanisms (codewords, polls, etc) per CPE hour.
Policy Information: For more information regarding how to register for a course, refund, program cancellation, complaint policies and other frequently asked questions, please visit our Q&A page or contact our office at 785-783-8201.