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The Financial Conglomerates
Directive
from the Basel
ii Compliance Professionals Association (BCPA)
the largest Association
of Sarbanes Oxley professionals in the
world
Article 11
Tasks of the coordinator
1. The tasks to be carried out by the coordinator with
regard to supplementary supervision shall
include:
(a) coordination of the gathering and dissemination of
relevant or essential information in going concern and emergency
situations, including the dissemination of information which is of
importance for a competent authority's supervisory task under
sectoral rules;
(b) supervisory overview and assessment of the
financial situation of a financial
conglomerate;
(c) assessment of compliance with the rules on capital
adequacy and of risk concentration and intra-group transactions as
set out in Articles 6, 7 and 8;
(d) assessment of the financial conglomerate's
structure, organisation and internal control system as set out in
Article 9;(e) planning and coordination of supervisory activities in
going concern as well as in emergency situations, in cooperation
with the relevant competent authorities
involved;
(f) other tasks, measures and decisions assigned to
the coordinator by this Directive or deriving from the application
of this Directive.
In order to facilitate and establish supplementary
supervision on a broad legal basis, the coordinator and the other
relevant competent authorities, and where necessary other competent
authorities concerned, shall have coordination arrangements
in
place.
The coordination arrangements may entrust additional
tasks to the coordinator and may specify the procedures for the
decision-making process among the relevant competent authorities as
referred to in Articles 3, 4, 5(4), 6, 12(2), 16 and 18, and for
cooperation with other competent
authorities.
2. The coordinator should, when it needs information
which has already been given to another competent authority in
accordance with the sectoral rules, contact this authority whenever
possible in order to prevent duplication of reporting to the various
authorities involved in supervision.
3.
Without prejudice to the possibility of delegating specific
supervisory competences and responsibilities as provided for by
Community legislation, the presence of a coordinator entrusted with
specific tasks concerning the supplementary supervision of regulated
entities in a financial conglomerate shall not affect the tasks and
responsibilities of the competent authorities as provided for by the
sectoral rules.
Certified Basel
ii Professional (CBiiPro) - Distance Learning and Online
Certification Program
The Cost: US$ 297
What is
included in this price:
A. The official presentations we use
in our instructor-led classes (1880 slides)
B. Up to 3 Online
Exams
There is only one exam you need to pass, in order to become
a Certified Basel ii Professional (CBiiPro). If you fail, you must
study again the official presentations, but you do not need to spend
money to try again. Up to 3 exams are included in the
price.
To learn more you may visit:
www.basel-ii-association.com/Questions_About_The_Certification_And_The_Exams_1.pdf
www.basel-ii-association.com/Certification_Steps_CBiiPro.pdf
C. Personalized Membership
Certificate printed in full colour.
Processing, printing,
packing and posting to your office or home
To start is easy.
We will follow the steps described at:
www.basel-ii-association.com/Distance_Learning_Online_Certification.htm
MORE
INFORMATION ABOUT THE OFFICIAL PRESENTATIONS
We will
send you 3 emails.
The first email (704 slides) covers all
the presentations that are needed for the CBiiPro Exam. All the
questions of the exam are based on these slides.
You can find
the course synopsis at:
www.basel-ii-association.com/Certified_Basel_ii_Professional.htm
We also cover the Enhancements to
the Basel II framework, July 2009, Supplemental Pillar 2
Guidance
(Supervisory Review Process) from the Bank for
International Settlements
The second and the third emails
cover the implementation of the Basel ii framework in the United
States of America and the European Economic Area. There
presentations are especially important for professionals working in
multinational or large financial organizations.
These
presentations are:
- Basel II in the United States of America
(235 slides)
- The Capital Requirements Directive of the
European Union (426 slides)
The Capital Requirements
Directive (CRD) is the common framework for the implementation of
Basel ii in European Union.
If you understand the Capital
Requirements Directive (CRD), you can work not only for the
implementation of the Basel ii framework in the 27 countries of the
European Union, but also around the world for multinational banks
and financial organizations with European operations.
The
presentations not only cover the European directives, but also
include topics like: Hedge Funds and the Capital Requirements
Directive, Securitization and the Capital Requirements
Directive.
- Regulatory Arbitrage after Basel ii (233
slides)
- The Financial Conglomerates
Directive (183 slides)
QUESTION:
Why in a Basel ii
certification program we need to understand the Financial
Conglomerates Directive?
ANSWER:
Because we have a very
different Basel ii implementation in each of the following
structures:
A. The bank is the regulated entity at the head of
the group
B. The bank is under a mixed financial holding company
(MFHC)
C. The bank is under a financial holding company
(FHC)
D. The bank is under an insurance holding company
(IHC)
Only the first 704 slides (first email), that cover the
Basel ii principles, are needed for the
exam.
To find more:
www.basel-ii-association.com/Distance_Learning_Online_Certification.htm |
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