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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.
Chairman & Chief Executive Officer
Citigroup Global Corp & Investment Bank
Managing Director, Global Risk Management
Citigroup/Salomon Smith Barney
Managing Director & Co-Head, Credit Derivatives Group, Salomon Smith Barney North American
Credit/Citigroup
Managing Director, Global Power & Energy Group
Citibank/Citigroup
Managing Director, Co-Head Structured Products and Derivatives Marketing
J. P. Morgan Chase & Co.
Director, Division of Market Regulation
U. S. Securities & Exchange Commission
Senior Deputy Comptroller for Large Bank Supervision
Office of the Comptroller of the Currency
Director, Division of Banking Supervision & Regulation
The Federal Reserve