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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 27
Amendments to Directive 93/22/EEC
Directive 93/22/EEC is amended as
follows:
1. in Article 6 the following paragraphs shall be
added:
‘The competent authority of a Member State
involved, responsible for the supervision of credit
institutions or insurance undertakings, shall be consulted prior to
the granting of an authorisation to an investment firm which
is:
(a) a subsidiary of a credit institution or insurance
undertaking authorised in the Community; or
(b) a subsidiary of the parent undertaking of a credit
institution or insurance undertaking authorised in the Community;
or
(c) controlled by the same person, whether natural or
legal, who controls a credit institution or insurance undertaking
authorised in the Community.
The relevant competent authorities referred to in the
first and second paragraphs shall in particular consult each other
when assessing the suitability of the shareholders and the
reputation and experience of directors involved in the management of
another entity of the same group.
They shall inform each other of any information
regarding the suitability of shareholders and the reputation and
experience of directors which is of relevance to the other competent
authorities involved for the granting of an authorisation as well as
for the ongoing assessment of compliance with operating
conditions.’
2. Article 9(2) shall be replaced by the
following:
‘2. If the acquirer of the holding referred to in
paragraph 1 is an investment firm, a credit institution or an
insurance undertaking authorised in another Member State, or the
parent undertaking of an investment firm, credit institution or
insurance undertaking authorised in another Member
State, or a natural or legal person controlling an investment
firm, credit institution or insurance undertaking
authorised in another Member State, and if, as a result of
that acquisition, the undertaking in which the acquirer proposes to
acquire a holding would become the acquirer's subsidiary or come
under his control, the assessment of the acquisition must be subject
to the prior consultation provided for in Article
6.’
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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