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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 21
Committee
1. The Commission shall be assisted by a Financial
Conglomerates Committee, hereinafter referred to as the
‘Committee’.
2. Where reference is made to this paragraph, Articles
5 and 7 of Decision 1999/468/EC shall apply, having regard to the
provisions of Article 8 thereof.
The period laid down in Article 5(6) of Decision
1999/468/EC shall be set at three months.
3. The Committee shall adopt its rules of
procedure.
4. Without prejudice to the implementing measures
already adopted, on the expiry of a four-year period following the
entry into force of this Directive, the application of the
provisions thereof requiring the adoption of technical rules and
decisions in accordance with the procedure referred to in paragraph
2 shall be suspended.
On a proposal from the Commission, the European
Parliament and the Council may renew the provisions concerned in
accordance with the procedure laid down in Article 251 of the Treaty
and, to that end, they shall review them prior to the expiry of the
period referred to above.
5. The Committee may give general guidance as to
whether the supplementary supervision arrangements of competent
authorities in third countries are likely to achieve the objectives
of the supplementary supervision as defined in this Directive, in
relation to the regulated entities in a financial conglomerate, the
head of which has its head office outside the Community.
The Committee shall keep any such guidance under
review and take into account any changes to the supplementary
supervision carried out by such competent
authorities.
6.
The Committee shall be kept informed by Member States of the
principles they apply concerning the supervision of intra-group
transactions and risk concentration.
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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