Permanent Subcommittee on Investigations

Oversight of Investment Banks’ Response to the Lessons of Enron

Date: December 11, 2002
Time: 9:30am
Location: SD-106 Dirksen Senate Office Building
Agenda:

The Permanent Subcommittee on Investigations has scheduled a one day hearing entitled Oversight of Investment Banks’ Response to the Lessons of Enron. The Subcommittee hearing is set for Wednesday, December 11, 2002, at 9:30 a.m., in Room 342 of the Dirksen Senate Office Building.

The hearing is a continuation of Subcommittee hearings on the collapse of Enron Corp., focusing on the role of major financial institutions and how they contributed to Enron’s use of complex transactions to make the company look better financially than it was. Witnesses will include representatives from major financial institutions, as well as bank and securities regulators. A final witness list will be available no later than December 6, 2002.

Member Statements

Senator

Carl

Levin

(D -
 MI)

Senator

Susan M.

Collins

(R -
 ME)

Witnesses

Panel I

Mr.

Charles O.

Prince III

Chairman & Chief Executive Officer

Citigroup Global Corp & Investment Bank

Panel I

Mr.

David C.

Bushnell

Managing Director, Global Risk Management

Citigroup/Salomon Smith Barney

Panel I

Mr.

Richard

Caplan

Managing Director & Co-Head, Credit Derivatives Group, Salomon Smith Barney North American

Credit/Citigroup

Panel I

Mr.

William T.

Fox III

Managing Director, Global Power & Energy Group

Citibank/Citigroup

Panel II

Mr.

Michael E.

Patterson

Vice Chairman

J. P. Morgan Chase & Co.

Panel II

Mr.

Andrew T.

Feldstein

Managing Director, Co-Head Structured Products and Derivatives Marketing

J. P. Morgan Chase & Co.

Panel II

Mr.

Robert W.

Traband

Vice President

J. P. Morgan Chase & Co.

Panel II

Mr.

Eric N.

Peiffer

Vice President

J. P. Morgan Chase & Co.

Panel III

Ms.

Muriel

Siebert

President and Chairman

Muriel Siebert & Co., Inc.

Panel IV

Ms.

Annette

Nazareth

Director, Division of Market Regulation

U. S. Securities & Exchange Commission

Panel IV

Mr.

Douglas W.

Roeder

Senior Deputy Comptroller for Large Bank Supervision

Office of the Comptroller of the Currency

Panel IV

Mr.

Richard Spillen

Kothen

Director, Division of Banking Supervision & Regulation

The Federal Reserve