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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 9
Internal control mechanisms and risk
management processes
1. The Member States shall require regulated entities
to have, in place at the level of the financial conglomerate,
adequate risk management processes and internal control mechanisms,
including sound administrative and accounting
procedures.
2. The risk management processes shall
include:
(a) sound governance and management with the approval
and periodical review of the strategies and policies by the
appropriate governing bodies at the level of the
financial
conglomerate with respect to all the risks they
assume;
(b) adequate capital adequacy policies in order to
anticipate the impact of their business strategy on risk profile and
capital requirements as determined in accordance with Article 6 and
Annex I;
(c) adequate procedures to ensure that their risk
monitoring systems are well integrated into their organisation and
that all measures are taken to ensure that the systems implemented
in all the undertakings included in the scope of supplementary
supervision are consistent so that the risks can be measured,
monitored and controlled at the level of the financial
conglomerate.
3. The internal control mechanisms shall
include:
(a) adequate mechanisms as regards capital adequacy to
identify and measure all material risks incurred and to
appropriately relate own funds to risks;
(b) sound reporting and accounting procedures to
identify, measure, monitor and control the intra-group transactions
and the risk concentration.
4. The Member States shall ensure that, in all
undertakings included in the scope of supplementary supervision
pursuant to Article 5, there are adequate internal control
mechanisms for the production of any data and information which
would be relevant for the purposes of the supplementary
supervision.
5.
The processes and mechanisms referred to in paragraphs 1 to 4 shall
be subject to supervisory overview by the
coordinator.
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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