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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 8
Intra-group transactions
1. Without prejudice to the sectoral rules,
supplementary supervision of intra-group transactions of regulated
entities in a financial conglomerate shall be exercised in
accordance with the rules laid down in Article 9(2) to (4), in
Section 3 of this Chapter, and in Annex II.
2. The Member States shall require regulated entities
or mixed financial holding companies to report, on a regular basis
and at least annually, to the coordinator all significant
intra-group transactions of regulated entities within a financial
conglomerate, in accordance with the rules laid down in this Article
and in Annex II.
Insofar as no definition of the thresholds referred to
in the last sentence of the first paragraph of Annex II has been
drawn up, an intra-group transaction shall be presumed to be
significant if its amount exceeds at least 5 % of the total amount
of capital adequacy requirements at the level of a financial
conglomerate.
The necessary information shall be submitted to the
coordinator by the regulated entity within the meaning of Article 1
which is at the head of the financial conglomerate or, where the
financial conglomerate is not headed by a regulated entity within
the meaning of Article 1, by the mixed financial holding company or
by the regulated entity in the financial conglomerate identified by
the coordinator after consultation with the other relevant competent
authorities and with the financial
conglomerate.
These intra-group transactions shall be subject to
supervisory overview by the coordinator.
3. Pending further coordination of Community
legislation, Member States may set quantitative limits and
qualitative requirements or allow their competent authorities to set
quantitative limits and qualitative requirements, or take other
supervisory measures that would achieve the objectives of
supplementary supervision, with regard to intra-group transactions
of regulated entities within a financial
conglomerate.
4. Where a financial conglomerate is headed by a mixed
financial holding company, the sectoral rules regarding intra-group
transactions of the most important financial
sector
in
the financial conglomerate shall apply to that sector as a whole,
including the mixed financial holding
company.
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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
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B. Up to 3 Online
Exams
There is only one exam you need to pass, in order to become
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money to try again. Up to 3 exams are included in the
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To learn more you may visit:
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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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