| |
The Financial Conglomerates
Directive
from the Basel
ii Compliance Professionals Association (BCPA)
the largest Association
of Sarbanes Oxley professionals in the
world
CHAPTER V
ASSET MANAGEMENT COMPANIES
Article 30
Asset management companies
Pending further coordination of sectoral rules, Member
States shall provide for the inclusion of asset management
companies:
(a) in the scope of consolidated supervision of credit
institutions and investment firms, and/or in the scope of
supplementary supervision of insurance undertakings in an insurance
group; and
(b) where the group is a financial conglomerate, in
the scope of supplementary supervision within the meaning of this
Directive.
For the application of the first paragraph, Member
States shall provide, or give their competent authorities the power
to decide, according to which sectoral rules (banking sector,
insurance sector or investment services sector) asset management
companies shall be included in the consolidated and/or supplementary
supervision referred to in
(a) of the first paragraph.
For the purposes of this provision, the relevant
sectoral rules regarding the form and extent of the inclusion of
financial institutions (where asset management companies are
included in the scope of consolidated supervision of credit
institutions and investment firms) and of reinsurance undertakings
(where asset management companies are included in the scope of
supplementary supervision of insurance undertakings) shall apply
mutatis mutandis to asset management companies.
For the purposes of supplementary supervision referred
to in (b) of the first paragraph, the asset management company shall
be treated as part of whichever sector it is included in by virtue
of (a) of the first paragraph.
Where an asset management company is part of a
financial conglomerate, any reference to the notion of regulated
entity and any reference to the notion of competent authorities and
relevant competent authorities shall therefore, for the purposes of
this Directive, be understood as including, respectively, asset
management companies and the competent authorities responsible for
the supervision of asset management companies. This applies mutatis
mutandis as regards groups referred to in (a) of the first
paragraph.
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 |
| | |
