Treasury Begins TARP Rollout

SIFMA (the Securities Industry and Financial Markets Association) had its “SIFMA Summit” in NYC today on the Troubled Asset Relief Program (TARP). 

One of the presenters was Neel Kashkari, Interim Assistant Secretary of the Treasury for Financial Stability.  The one-day program will provide an in-depth discussion and analysis of TARP’s expected effect and discussions on the legal and regulatory issues raised by the program. 

Kashkari’s presentation included a summary of the firms hired to assist in the execution of the programs.  As we reported earlier, the following firms have been hired: 

• Accounting Services: Ernst & Young
• Accounting Internal Controls Support: PricewaterhouseCoopers
• Legal Services for review of documents under the CPP: Hughes, Hubbard & Reed, and Sanders & Dempsey
• Human Resources Support:  Lindholm & Associates 

For Kashkari’s full address, click here.

We have been in touch with the law firms and the accounting firms and we will provide staffing information as soon as we are able.