Organization / Capital Markets Institute (CMI), Rotman School of Management, University of Toronto
Location / Rotman School of Management, 105 St. George St.-Room 134
Contact / Christine Campney, Executive Director: 416-978-5654 or
The Future of Credit Rating Agencies: Regulation and Accountability
2:30-3:00pm / Registration
3:00-3:10pm / Opening Remarks
3:10-3:40pm / CREDIT RATING AGENCIES REGULATION ACROSS COUNTRIES:
A CRITICAL ASSESSMENT OF CURRENT REFORM INITIATIVES FOLLOWING THE CREDIT CRISIS
Stéphane Rousseau
Associate Professor, Chair in Business Law and International Trade,
Université de Montréal's Faculty of Law
3:40–4:20pm / Panelist Reaction By:
Marlene Puffer
Managing Director,
Twist Financial Corporation
F. Edward (Ted) Price
Assistant Superintendent, Supervision Sector,
OSFI
Sean Rogister
President,
STR Capital
Alan White
Professor Finance,
Peter L. Mitchelson/SIT Foundation Chair in Investment Strategy,
Rotman School of Management
4:20 – 5:00pm / Audience Discussion
Speaker Bio:
Stéphane RousseauAssociate Professor, Chair in Business Law and International Trade,
Université de Montréal's Faculty of Law / Stéphane Rousseau is an Associate professor at the Université de Montréal's Faculty of Law, where he holds the Chair in Business Law and International Trade.
He is a graduate of the Université Laval (LL.B. and LL.M.) and of the University of Toronto (S.J.D.). Professor Rousseau specializes in corporate law, corporate governance, securities law, and law and economics.
He is the author of numerous scientific articles and publications in his fields of expertise.
He regularly gives conferences in university and professional settings across Canada, as well as abroad.
Panelist Bios:
Marlene PufferManaging Director
Twist Financial Corp. / Dr. Marlene K. Puffer, Managing Director of Twist Financial Corp., is well known and respected in the capital markets. She provides strategic advice, analytics, education, litigation support and expert witness testimony in all areas of fixed income and pension investments. She was recently appointed to the board of the Hospitals of Ontario Pension Plan (HOOPP). Marlene’s diverse experience includes 14 years on Bay Street in various senior roles as a portfolio manager and on the trading floor at various investment dealers, and 5 years as a professor of finance at the University of Toronto.
Dr. Puffer is a sought-after presenter and lecturer, and has authored numerous articles. She holds a Ph.D. in Finance and Applied Statistics and a M.Sc. in Business Administration from the University of Rochester, and master's and bachelor's degrees in Economics from the University of Toronto, and is a CFA charterholder. Dr. Puffer sits on boards and committees at the Canadian Investment Review, the Toronto CFA Society, the Faculty of Arts and Sciences at the University of Toronto, and Havergal College. Previously she was President of Women in Capital Markets and a member of the Audit Committee and other boards of the University of Toronto.
F. Edward (Ted) Price
Assistant Superintendent, Supervision Sector
OSFI / Ted Price was appointed Assistant Superintendent, Supervision Sector, of the Office of the Superintendent of Financial Institutions (OSFI) in June 2006.
Since joining OSFI in 2001, Mr. Price has served in several senior management roles, most recently as Senior Director, Financial Conglomerates Group, where he directed supervision and risk assessment of large banks and insurance companies.
He also led the implementation of the Basel II Capital Accord Framework in Canada. Mr. Price began his career at OSFI as Senior Director, Capital Markets Division.
Prior to joining OSFI, Mr. Price was a senior executive with Prescient Markets, Inc., an internet-based investment bank, from 2000 to 2001.
Between 1983 and 1999, Mr. Price held various positions in government finance, fixed income and capital markets product development at Scotia Capital, Inc. In 1995, he was appointed to the Executive Committee and relocated to New York to direct the firm’s U.S. business. Ted began his career in bond trading and pension fund asset management.
Mr. Price is a member of the Board of Directors of Providence Healthcare and Canada Deposit Insurance Corporation. He holds a Master of Arts degree in Economics from the University of Toronto and a Bachelor of Commerce (Honours) degree from Queen’s University.
Panelist Bios continued…
Sean RogisterPresident,
STR Capital / Sean Rogister is the president of STR Capital Inc., providing consulting services on sourcing capital and investment management on a global basis.
His background includes over 20 years experience leading investment and financial management teams within a global institutional framework to the role. From 1998 to 2008 he worked for Ontario Teachers’ Pension Plan Board, running their Fixed Income asset class for the last 10 years and for the last year included the commodity, foreign exchange and equity index and derivatives within the Tactical Asset Allocation team under his responsibility, representing $38 billion in net assets under management.
Prior experience includes fixed income arbitrage trading with the Canadian arm of an international investment bank, management of a leading fixed income exchange-traded derivatives business for a major Canadian investment dealer and risk management consulting for the Canadian arm of an international insurance broker.
Mr. Rogister holds a BA from the University of Western Ontario and an MBA from the University of Toronto, and is an accredited graduate of the Institute of Corporate Directors.
Alan White
Professor, Finance,
Peter L. Mitchelson/SIT Foundation Chair in Investment Strategy, Rotman School of Management / Alan White, Professor of Finance, is the Peter L. Mitchelson/SIT Foundation Chair in Investment Strategy. Professor White’s current research is predominantly in the analysis of credit risk and the valuation of credit derivatives. He is a member of the Moody's academic advisory panel. The purpose of this panel is to allow practitioners within Moody's, who have access to the world's largest relevant data-sets, to exchange ideas with some of the leading academic researchers in the field. Professor White has taken advantage of his access to this research and data on credit to examine the predictive powers of credit spreads.
Professor White also conducts research on the valuation of a wide range of other derivative products.
Prof. White has made numerous contributions to the academic community publishing in both academic and practitioner journals. At the Rotman School he teaches in the MBA program, has served as the supervisor of the Finance Ph.D. program and is Finance Area Coordinator.