1. Corporate Trust Industry Overview for Risk
Anthony A. Guthrie
President
Reliance Trust Company
April 2011

2. Current State of Market
Municipal Securities Market
Corporate Debt Market
Asset Securitizations

3. Market Impact on Corporate Trust Business
Housing market meltdown
Health Care
Municipal – State and Local Government Challenges

4. Corporate Trust Challenges
Default rates and administration challenges
Continued due diligence
New issue underwriting standards
General challenges

5. Questions, Answers, Conclusions