The FDIC’s Definition of Subprime is changing

Join a video broadcast on Wednesday, June 27th and learn how to calculate subprime exposure in your bank using the new proposed rule.

How will subprime be calculated and how much subprime is in your portfolio now?

For the first time, hear directly from the FDIC experts who wrote the new definition of subprime. A panel, including the FDIC, VantageScore Solutions and TD Bank will discuss the revisions to the subprime definition and the new method for calculating subprime assets.

The revised definitions in the proposed rule rely on “probability of default” and eliminate all references to credit score values to calculate subprime exposure, changing the way large banks will calculate their FDIC assessments.

The presentation will cover:

• The FDIC will provide a full explanation of the new rule and risk level for subprime assets
• VantageScore Solutions will outline the design and process for creating probability of default maps (PD Maps)
• TD Bank will illuminate how to create lender-based PD Maps and how they are used to identify subprime assets

The new rule is proposed to be implemented in October this year! Get ready now and tune in to this live video broadcast!

Speakers:

• Tyler Davis, Senior Financial Analyst, FDIC
• Sarah F. Davies, SVP, Analytics, Product Management & Research, VantageScore Solutions, LLC
• Dana Wiklund, Vice President, Credit Risk Analytics, TD Bank

Sponsored by:

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