Understanding Risk Management and Compliance

A Series by George Lekatis

Understanding Risk Management and Compliance, What is different after Monday, April 22, 2013
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Series: Understanding Risk Management and Compliance, Book 1. Price: $0.99 USD. Words: 31,760. Language: English. Published: April 24, 2013. Category: Nonfiction » Business & Economics » Business administration
Top 10 risk and compliance management related news stories and world events that (for better or for worse) shaped the week's agenda, and what is next. Monday, April 22, 2013 Dear Member, I really enjoyed this paper from the Financial Conduct Authority in UK with title: "Applying behavioural economics at the Financial Conduct Authority" WOW! Now I know what was missing from the old FSA!
Understanding Risk Management and Compliance, What is different after 29 April, 2013
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Series: Understanding Risk Management and Compliance, Book 2. Price: $1.99 USD. Words: 35,440. Language: English. Published: May 1, 2013. Category: Nonfiction » Business & Economics » Careers
Monday, April 29, 2013: Welcome to our Top 10 risk and compliance management related news stories and world events that (for better or for worse) shaped the week's agenda, and what is next (186 A4 pages).
Understanding Risk Management and Compliance, What is different after Monday, May 6, 2013
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Series: Understanding Risk Management and Compliance, Book 3. Price: $0.99 USD. Words: 29,050. Language: English. Published: May 10, 2013. Category: Nonfiction » Business & Economics » Business Law
I had a difficult time in the past to explain liquidity risk management and ratios. Now I know what to do. Problem solved! I will use a pollution-mitigating technology, like scrubbers to explain liquidity risk. Mr. Jeremy C Stein, Member of the Board of Governors of the Federal Reserve System explained how:
Understanding Risk Management and Compliance, What is different after Monday, May 13, 2013
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Series: Understanding Risk Management and Compliance, Book 4. Price: $0.99 USD. Words: 25,740. Language: English. Published: May 12, 2013. Category: Nonfiction » Business & Economics » Business Law
Have you ever discovered the common elements of the various initiatives, including the Volcker rule in the United States, the proposals of the Vickers Commission for the United Kingdom, the Liikanen Report to the European Commission? Leonardo Gambacorta and Adrian van Rixtel from the Monetary and Economic Department of the BIS will help us today to see the common elements and the differences!
Understanding Risk Management and Compliance, What is different after Monday, May 20, 2013
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Series: Understanding Risk Management and Compliance, Book 5. Price: $0.99 USD. Words: 30,590. Language: English. Published: May 19, 2013. Category: Nonfiction » Business & Economics » Management
Which is the difference between triggers and vulnerabilities? Dear Mr Bernanke, can you clarify please? He did, at the 49th Annual Conference on Bank Structure and Competition sponsored by the Federal Reserve Bank of Chicago, Chicago, Illinois. He said: "To respond to this point, I will distinguish, as I have elsewhere, between triggers and vulnerabilities.
Understanding Risk Management and Compliance, What is different after Monday, May 27, 2013
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Series: Understanding Risk Management and Compliance, Book 6. Price: $0.99 USD. Words: 24,260. Language: English. Published: May 21, 2013. Category: Nonfiction » Business & Economics » Careers
I was travelling from London to Dubai to chair the Marcus Evans conference (Strategic Risk & Compliance 2013). I had a headache when I read: "If a medicine does not work as expected, it's not necessarily because the dosage was too low." Wow. Is he talking to me? He was not. He was not even a doctor. He was Jaime Caruana, General Manager of the Bank for International Settlements.
Understanding Risk Management and Compliance, What is different after Monday, June 3, 2013
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Series: Understanding Risk Management and Compliance, Book 7. Price: $0.99 USD. Words: 28,640. Language: English. Published: May 30, 2013. Category: Nonfiction » Business & Economics » Banks & banking
"During your working lives, you will have to reinvent yourselves many times. Success and satisfaction will not come from mastering a fixed body of knowledge but from constant adaptation and creativity in a rapidly changing world." Who said that? Chairman Ben S. Bernanke, at Bard College at Simon's Rock, Great Barrington, Massachusetts. What else did he say?
Understanding Risk Management and Compliance, What is different after Monday, June 10, 2013
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Series: Understanding Risk Management and Compliance, Book 8. Price: $0.99 USD. Words: 48,610. Language: English. Published: June 10, 2013. Category: Nonfiction » Business & Economics » Management
I have received an email: Title: "Forecasting is the art of saying what will happen, and then explaining why it didn't " Message: I hate you. Our boss is following your stress testing recommendations. Lao Tzu has said that those who have knowledge don't predict. Those who predict, don't have knowledge. Signature: Terminator Terminator? Arnold Schwarzenegger, did you send it?
Understanding Risk Management and Compliance, What is different after Monday, June 17, 2013
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Series: Understanding Risk Management and Compliance, Book 9. Price: $0.99 USD. Words: 33,600. Language: English. Published: June 11, 2013. Category: Nonfiction » Education and Study Guides » Study guides -- Professional
His speech is very interesting. We can even find more about meritocracy: "A meritocracy is a system in which the people who are the luckiest in their health and genetic endowment; luckiest in terms of family support, encouragement, and, probably, income; luckiest in their educational and career opportunities; and luckiest in so many other ways difficult to enumerate—these are the folks who reap .
Understanding Risk Management and Compliance, What is different after Monday, June 24, 2013
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Series: Understanding Risk Management and Compliance, Book 10. Price: $0.99 USD. Words: 37,390. Language: English. Published: June 21, 2013. Category: Nonfiction » Business & Economics » Consulting
I have reasons to love and reasons to hate internal models. I love them, because I started my career as a mathematician, and mathematicians usually love models, not people. (After that, I studied risk management, and later I continued with international law, so I am more social now. Way more social). I hate them only when I have to explain to the board of directors what their model does, and
Understanding Risk Management and Compliance, What is different after Monday, July 1, 2013
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Series: Understanding Risk Management and Compliance, Book 11. Price: $0.99 USD. Words: 43,330. Language: English. Published: July 3, 2013. Category: Nonfiction » Business & Economics » Banks & banking
“Users log in, are dropped into a UNIX shell, and have all of the powers of multi-processor UNIX workstations at their disposal. We have users writing C++ code, AWK scripts, and PYTHON modules; each customizing their analyses to the specific task at hand, sharing scripts, and collaboratively building larger processes.” This is interesting! Who said that?
Understanding Risk Management and Compliance, What is different after Monday, July 15, 2013
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Series: Understanding Risk Management and Compliance, Book 12. Price: $1.99 USD. Words: 34,930. Language: English. Published: July 10, 2013. Category: Nonfiction » Business & Economics » Banks & banking
When Australian supervisors speak about American number plates ... we have a great speech: "The centrepiece of the story can be summed up by just six letters embossed on a personalised number plate: "FUND EM" was written on the number plate of a car belonging to Angelo Mozilo, the CEO of Countrywide Financial.
Understanding Risk Management and Compliance, What is different after Monday, July 22, 2013
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Series: Understanding Risk Management and Compliance, Book 13. Price: $0.99 USD. Words: 36,040. Language: English. Published: July 16, 2013. Category: Nonfiction » Business & Economics » Banks & banking
Sometimes I have the feeling there is nothing new under the sun. We continue to explain the same old principles of risk mamanegent. We read in the paper "Preliminary Framework to Reduce Cyber Risks to Critical Infrastructure": The Framework offers a way to take a high-level, overarching view of an organization's management of cybersecurity risk by focusing on key functions ...
Understanding Risk Management and Compliance, What is different after Monday, July 29, 2013
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Series: Understanding Risk Management and Compliance, Book 14. Price: $1.99 USD. Words: 36,500. Language: English. Published: July 23, 2013. Category: Nonfiction » Business & Economics » Banks & banking
What is "critical"? And which is the difference between a critical function and a critical shared service? We have the answer from the Financial Stability Board (FSB). They believe that we must have a two-part definition of "critical", based on a distinction between "critical functions" and "critical shared services": "A function is critical if its disruption is likely to have a material ...
Understanding Risk Management and Compliance, What is different after Monday, August 5, 2013
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Series: Understanding Risk Management and Compliance, Book 15. Price: $1.99 USD. Words: 32,820. Language: English. Published: August 2, 2013. Category: Nonfiction » Business & Economics » Corporate governance
Will you try to satisfy your microprudential or your macroprudential supervisors today? What? You want to satisfy both? It is not that easy. The moment we satisfy the microprudential supervisors, the macroprudential ones worry about the ... stability of the system! I was travelling from Australia, where I led a class to ANZ bank, to Kuala Lumpur, where I would lead a class organized by ...
Understanding Risk Management and Compliance, What is different after Monday, August 12, 2013
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Series: Understanding Risk Management and Compliance, Book 16. Price: $1.99 USD. Words: 33,960. Language: English. Published: August 6, 2013. Category: Nonfiction » Business & Economics » Banks & banking
More and more risk management professionals and experts work to secure the "Cyber Ecosystem" in all sectors. The financial services rely on a safe cyberspace. Cyber intrusions and attacks have increased dramatically over the last decade, exposing sensitive personal and business information, disrupting critical operations, and imposing high costs on the economy. Our daily life ...
Understanding Risk Management and Compliance, What is different after Monday, August 19, 2013
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Series: Understanding Risk Management and Compliance, Book 17. Price: $1.99 USD. Words: 26,080. Language: English. Published: August 14, 2013. Category: Nonfiction » Business & Economics » Banks & banking
Swiss effectiveness on the recovery and resolution of globally active banks! The Swiss Financial Market Supervisory Authority (FINMA) has published a great position paper. We learn about their "single point of entry" ("SPE") approach (resolution led centrally by the home supervisory and resolution authority and focused on the top-level group company). Creditors of the parent bank ...
Understanding Risk Management and Compliance, What is different after Monday, August 26, 2013
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Series: Understanding Risk Management and Compliance, Book 18. Price: $1.99 USD. Words: 36,950. Language: English. Published: August 22, 2013. Category: Nonfiction » Business & Economics » Banks & banking
Every time I hear the words sovereign risk and country risk, especially in the Basel ii/ Basel iii frameworks, I feel depressed. What do I mean depressed? "The shadows of nightfall seemed more somber, my mornings were less buoyant, walks in the woods became less zestful, and there was a moment during my working hours in the late afternoon when a kind of panic and anxiety overtook me..."
Understanding Risk Management and Compliance, What is different after Monday, September 2, 2013
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Series: Understanding Risk Management and Compliance, Book 19. Price: $1.99 USD. Words: 44,170. Language: English. Published: August 27, 2013. Category: Nonfiction » Business & Economics » Banks & banking
What is the USD LCR? Welcome to the Basel iii implementation in Singapore and the new national discretions. While the Liquidity Coverage Ratio (LCR) requirements are calculated on a consolidated basis and reported in a common currency, the Basel liquidity standard also expects banks and their supervisors to closely monitor LCR by significant currency. Singapore is a regional treasury centre ..
Understanding Risk Management and Compliance, What is different after Monday, September 9, 2013
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Series: Understanding Risk Management and Compliance, Book 20. Price: $1.99 USD. Words: 58,620. Language: English. Published: September 4, 2013. Category: Nonfiction » Business & Economics » Banks & banking
This is an interesting graph that illustrates the degree and significance of interconnectedness among the market participants in Luxemburg. Look at the linkages between the banking sector and investment funds at Number 4 below. The application of network analysis techniques enables linkages between different sectoral components to become visible;
Understanding Risk Management and Compliance, What is different after Monday, September 16, 2013
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Series: Understanding Risk Management and Compliance, Book 21. Price: $1.99 USD. Words: 57,790. Language: English. Published: September 11, 2013. Category: Nonfiction » Business & Economics » Banks & banking
What is shadow banking? We have some great answers from Europe, important answers. Although shadow banking assets have decreased slightly since 2008, the global figure in 2011 was €51 trillion. "Shadow banking can be defined as a system of credit intermediation that involves entities and activities outside the regular banking system. Shadow banks are not regulated like banks, though ...
Understanding Risk Management and Compliance, What is different after Monday, September 23, 2013
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Series: Understanding Risk Management and Compliance, Book 22. Price: $1.99 USD. Words: 57,790. Language: English. Published: September 20, 2013. Category: Nonfiction » Business & Economics » Banks & banking
Every time I read that banks must start 'ring-fencing' their retail operations so that they will be able to fail without endangering depositors, I remember the cold war, especially the Berlin wall. Yes, I am an old man (born in 1959). Yes, I am feeling well. No, there is "no doubt as to the person's state of mind" (at the time of writing this newsletter). First, we read about the need ...
Understanding Risk Management and Compliance, What is different after Monday, September 30, 2013
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Series: Understanding Risk Management and Compliance, Book 23. Price: $1.99 USD. Words: 35,460. Language: English. Published: September 25, 2013. Category: Nonfiction » Business & Economics » Banks & banking
According to the supply and demand concept, in a competitive market, the price for a particular service will vary until it settles at a point where the quantity demanded will equal the quantity supplied, resulting in an economic equilibrium for price and quantity. Well, which is the "economic equilibrium" in Basel III jobs? You may look at the graphs:
Understanding Risk Management and Compliance, What is different after Monday, October 7, 2013
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Series: Understanding Risk Management and Compliance, Book 24. Price: $1.99 USD. Words: 34,920. Language: English. Published: October 3, 2013. Category: Nonfiction » Business & Economics » Banks & banking
I found this approach interesting: "The Basel III rules which provide that capital ratios have to be raised. Yet, in my opinion, extra rules cannot solve all of our problems. For every new rule will lead to creative solutions to evade that rule. By making new rules, we won't make bankers less greedy, nor will we make them more ethical. Instead of overregulating every detail ...
Understanding Risk Management and Compliance, What is different after Monday, October 14, 2013
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Series: Understanding Risk Management and Compliance, Book 25. Price: $1.99 USD. Words: 39,230. Language: English. Published: October 9, 2013. Category: Nonfiction » Business & Economics » Banks & banking
Just when I thought I'd heard everything! "On the train to Hogwarts, Harry Potter and his friends often snack on Bertie Bott's Every Flavor Beans. Every mouthful is a surprise. Sometimes the beans are delicious: chocolate, marmalade, toffee. Other flavors are disgusting: tripe, rotten egg, sardine, grass. Prepaid cards are like that.
Understanding Risk Management and Compliance, What is different after Monday, October 21, 2013
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Series: Understanding Risk Management and Compliance, Book 26. Price: $1.99 USD. Words: 47,800. Language: English. Published: October 16, 2013. Category: Nonfiction » Business & Economics » Banks & banking
Do you use "a suite of models" as part of your stress-testing framework? "It is reasonable to assume that any single model will almost certainly be wrong." The Bank of England says so. They will do the same: "The Bank expects to use a suite of models to do this, rather than rely on a single model. Why a suite of models? There are a number of benefits in using a suite of models as part ...
Understanding Risk Management and Compliance, What is different after Monday, October 28, 2013
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Series: Understanding Risk Management and Compliance, Book 27. Price: $1.99 USD. Words: 41,240. Language: English. Published: October 25, 2013. Category: Nonfiction » Business & Economics » Banks & banking
I have tried hard to understand the Basel III implementation and differences in China. I confess, I am surprised by the Chinese approach. It is very good. Of course, I had some difficulties as well: "Regulatory documents are coded with "Yin Jian Fa", "Yin Jian Tong", "Yin Jian Ban Fa", and "Yin Jian Ban Tong." This is from the Regulatory Consistency Assessment Programme (RCAP) ...
Understanding Risk Management and Compliance, What Is Different After Monday, November 4, 2013
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Series: Understanding Risk Management and Compliance, Book 28. Price: $1.99 USD. Words: 48,890. Language: English. Published: November 1, 2013. Category: Nonfiction » Business & Economics » Banks & banking
What is the RTF-LST? It is the Workgroup on Liquidity Stress Testing of the Basel Committee's Research Task Force. We have an excellent paper on Liquidity Stress Testing! Read more at Number 2 below. I could not sleep tonight. I had the (really bad) idea to study some interesting parts of two "living wills" from two major banks. I am not sure this is going to work as expected.
Understanding Risk Management and Compliance, What is Different After Monday, November 11, 2013
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Series: Understanding Risk Management and Compliance, Book 29. Price: $1.99 USD. Words: 50,690. Language: English. Published: November 6, 2013. Category: Nonfiction » Business & Economics » Banks & banking
What is Basel III super-equivalent? My definition: Using Basel III as an excuse and imposing requirements beyond what is required by Basel III (like stricter interpretations, national options and discretions, and front-running). We also call it "gold plating". What Governor Daniel K. Tarullo said: "The proposed LCR we review today is "super-equivalent" to the Basel Committee's LCR standard...
Understanding Risk Management and Compliance, What is Different After Monday, November 18, 2013
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Series: Understanding Risk Management and Compliance, Book 30. Price: $1.99 USD. Words: 26,940. Language: English. Published: November 13, 2013. Category: Nonfiction » Business & Economics » Banks & banking
November is the month of the global systemically important banks (G-SIBs). T.S. Eliot did not love November: "Since golden October declined into sombre November and the apples were gathered and stored, and the land became brown sharp points of death in a waste of water and mud." Supervisors try to avoid the "death in a waste of water and mud" by updating the list of SIBs and ...
Understanding Risk Management and Compliance, What is Different After Monday, November 25, 2013
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Series: Understanding Risk Management and Compliance, Book 31. Price: $1.99 USD. Words: 46,210. Language: English. Published: November 21, 2013. Category: Nonfiction » Business & Economics » Banks & banking
We have major developments in the European Union. 1. The European Central Bank (ECB) will be responsible for the supervision of all 6000 banks of the euro area! 2. A deal struck paves the way for the full introduction of the Solvency II regulatory regime by 2016! We will start with the first. Commissioner Barnier said: "We have written regulatory history. This is a momentous step.
Understanding Risk Management and Compliance, What is different after Monday, December 2, 2013
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Series: Understanding Risk Management and Compliance, Book 32. Price: $1.99 USD. Words: 33,060. Language: English. Published: December 2, 2013. Category: Nonfiction » Business & Economics » Banks & banking
Many risk and compliance management professionals must understand the new RAF. No, not the Royal Air Force (RAF) ... ... the Principles for An Effective Risk Appetite Framework (RAF), a key component of the Financial Stability Board's (FSB's) framework, endorsed by G20. Leaders, to reduce the moral hazard of systemically important financial institutions (SIFIs) and, surprise surprise ...
Understanding Risk Management and Compliance, What is Different After Monday, December 16, 2013
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Series: Understanding Risk Management and Compliance, Book 33. Price: $0.99 USD. Words: 34,680. Language: English. Published: December 12, 2013. Category: Nonfiction » Business & Economics » Banks & banking
American Humor: "Firms have made good progress in better understanding the complexity of their own operations, including strengthening the overall management of organizational/legal structures, identifying all legal entities (and this was huge for some firms), and beginning the difficult task of identifying additional impediments to resolving a large internationally active firm." Black humor.
Understanding Risk Management and Compliance, What is Different After Monday, December 23, 2013
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Series: Understanding Risk Management and Compliance, Book 34. Price: $0.99 USD. Words: 29,160. Language: English. Published: December 20, 2013. Category: Nonfiction » Business & Economics » Banks & banking
How can you explain in New York that when market conditions or customer needs have changed, we have to adapt? You just say that. How can you explain the same thing in Hong Kong? "In the 1970s, a young couple decided that they should start their own business. They borrowed money from their parents and relatives to set up a small noodle shop ...
Understanding Risk Management and Compliance, What is Different After Monday, December 30, 2013
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Series: Understanding Risk Management and Compliance, Book 35. Price: $0.99 USD. Words: 30,970. Language: English. Published: December 28, 2013. Category: Nonfiction » Business & Economics » Banks & banking
"It is noted that the three principles with the lowest reported compliance were: Principle 2 (data architecture/IT infrastructure), Principle 6 (adaptability) and Principle 3 (accuracy/integrity) Nearly half of banks reported material non- compliance on these principles. Indeed, many banks are facing difficulties in establishing strong data aggregation governance ...
Understanding Risk Management and Compliance, What is Different After Monday January 13, 2014
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Series: Understanding Risk Management and Compliance, Book 36. Price: $0.99 USD. Words: 52,180. Language: English. Published: January 12, 2014. Category: Nonfiction » Business & Economics » Banks & banking
It is always interesting when Americans discuss European laws and regulations. This time, the U.S. Department of the Treasury's Federal Insurance Office (FIO) submitted to Congress a report on how to modernize and improve the system of insurance regulation in the United States. It covers some interesting parts of the Solvency II directive of the European Union: "Solvency II includes ...
Understanding Risk Management and Compliance, What is Different After Monday, January 20, 2014
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Series: Understanding Risk Management and Compliance, Book 37. Price: $0.99 USD. Words: 37,990. Language: English. Published: January 20, 2014. Category: Nonfiction » Business & Economics » Banks & banking
I am a collector of national discretions. International banking standards always have the objective to develop a level playing field in a harmonized business and financial services environment. But ... The same countries that speak about harmonization, put in place "options" and "national discretions" to ... make a difference for these countries. Today we will discuss ...
Understanding Risk Management and Compliance, What is Different After Monday, January 27, 2014
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Series: Understanding Risk Management and Compliance, Book 38. Price: $0.99 USD. Words: 33,620. Language: English. Published: January 24, 2014. Category: Nonfiction » Business & Economics » Banks & banking
Risk management and compliance: A game that you never get bored of... There are so many surprises and inconsistencies. I have spent considerable time trying to understand better the European EMIR (Regulation No 648/2012), and how it affects the implementation of the Basel III / CRD IV, Solvency II and the Dodd Frank Act. I am very surprised! EMIR is based on Basel 2 (no, not Basel 3) ...
Understanding Risk Management and Compliance, What is Different After Monday, February 3, 2014
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Series: Understanding Risk Management and Compliance, Book 39. Price: $4.99 USD. Words: 32,740. Language: English. Published: February 1, 2014. Category: Nonfiction » Business & Economics » Banks & banking
We spend millions; we work day and night to develop models. After that, we need a second life to quantify the "model risk" that is an operational risk "Model risk presents an increasingly widespread and important form of operational risk" according to the 2013 Annual Report of the Financial Stability Oversight Council (established by the Dodd-Frank Act). The report continues ...
Understanding Risk Management and Compliance, What Is Different After Monday, February 10, 2014
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Series: Understanding Risk Management and Compliance, Book 40. Price: $4.99 USD. Words: 14,240. Language: English. Published: February 5, 2014. Category: Nonfiction » Business & Economics » Banks & banking
I am impressed. The Regulatory Consistency Assessment Programme (RCAP) works very well. This is the jurisdiction-specific peer assessment in which a small team of experienced supervisors and regulatory policy experts reviews a member country's Basel III regulations across all its components and sub-elements. The purpose is to find any divergences from the agreed standards and ...
Understanding Risk Management and Compliance, What is Different After Monday, February 17, 2014
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Series: Understanding Risk Management and Compliance, Book 41. Price: $4.99 USD. Words: 32,740. Language: English. Published: February 14, 2014. Category: Nonfiction » Business & Economics » Training
How would you call an exercise that tests the wholesale banking sector's response to a sustained and intensive cyber-attack? The Bank of England has published the findings of an exercise like that, and its name was ... ... Waking Shark II. Insane? Of course. Insane to say the least. First of all, we don't want to see in the same sentence the words bank and shark, especially after the crisis.
Understanding Risk Management and Compliance, What is Different After Monday, February 24, 2014
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Series: Understanding Risk Management and Compliance, Book 42. Price: $4.99 USD. Words: 24,710. Language: English. Published: February 19, 2014. Category: Nonfiction » Business & Economics » Training
We have new international standards! The National Institute of Standards and Technology (NIST) released a Framework for Improving Critical Infrastructure Cybersecurity. A common flow of information and decisions at the following levels within an organization: • Executive • Business/Process • Implementation/Operations The executive level communicates ...
Understanding Risk Management and Compliance, What is Different After Monday, March 3, 2014
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Series: Understanding Risk Management and Compliance, Book 43. Price: $4.99 USD. Words: 57,730. Language: English. Published: February 28, 2014. Category: Nonfiction » Business & Economics » Consulting
Diplomacy is the art of saying "Nice doggie" until you can find a rock. Well in the House of Lords I am sure they found the rock. The House of Lords EU Sub-Committee on Economic and Financial Affairs, has published its report looking at EU proposals for rescuing failing banks, describing them as inadequately funded, overly complicated and politically unrealistic. Some of the ...
Understanding Risk Management and Compliance, What Is Different After Monday, March 10, 2014
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Series: Understanding Risk Management and Compliance, Book 44. Price: $4.99 USD. Words: 41,390. Language: English. Published: March 10, 2014. Category: Nonfiction » Business & Economics » Banks & banking
When you can not define liquidity, how do you define liquidity risk? Too many definitions = no definition Verena Ross, Executive Director of the European Securities and Markets Authority (ESMA), a really good choice for ESMA, knows what she is talking about. "But what is liquidity? It is easier to recognise than to define. As a starting point one can say that liquidity is ...
Understanding Risk Management and Compliance, What Is Different After Monday, March 17, 2014
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Series: Understanding Risk Management and Compliance, Book 45. Price: $4.99 USD. Words: 32,480. Language: English. Published: March 13, 2014. Category: Nonfiction » Business & Economics » Banks & banking
According to Plato, wise men speak because they have something to say; Fools because they have to say something. In the European Central Bank there are definitely wise men and women. They have developed a very interesting paper that discusses a real problem and hits the nail right on the head. In the interest of consistency between the leverage ratio calculation within the EU and ...
Understanding Risk Management and Compliance, What Is Different After Monday, March 24, 2014
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Series: Understanding Risk Management and Compliance, Book 46. Price: $4.99 USD. Words: 29,300. Language: English. Published: March 23, 2014. Category: Nonfiction » Business & Economics » Banks & banking
A piece of advice usually contains an implicit threat, but smart persons can focus on the positive side. In a less civilized world, we need explicit threats. There are still many implied rules in the financial services sector. But, after the crisis, everything becomes precisely and clearly expressed. The European Systemic Risk Board (ESRB) explains it very well:
Understanding Risk Management and Compliance, What Is Different After Monday, March 31, 2014
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Series: Understanding Risk Management and Compliance, Book 47. Price: $4.99 USD. Words: 46,080. Language: English. Published: March 30, 2014. Category: Nonfiction » Business & Economics » Banks & banking
Yes, there are different Basel III implementations and regulatory arbitrage, even when the experts from the Regulatory Consistency Assessment Programme (RCAP) announce that a country is "compliant" or "largely compliant" (which means not exactly compliant). I know. You want an example. The *Basel III* criteria for including common shares in regulatory capital ...
Understanding Risk Management and Compliance, What Is Different After Monday, April 7, 2014
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Series: Understanding Risk Management and Compliance, Book 48. Price: $4.99 USD. Words: 27,790. Language: English. Published: April 3, 2014. Category: Nonfiction » Business & Economics » Banks & banking
Stephen Hawking has said: "My expectations were reduced to zero when I was 21. Everything since then has been a bonus" Supervisors usually say quite the opposite. In Number 1 below, we have a document full with supervisory expectations and recommendations. "This document includes supervisory expectations and recommendations relevant to external audits of banks that the Committee ...
Understanding Risk Management and Compliance, What Is Different After Monday, April 14, 2014
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Series: Understanding Risk Management and Compliance, Book 49. Price: $0.99 USD. Words: 33,270. Language: English. Published: April 12, 2014. Category: Nonfiction » Business & Economics » Banks & banking
Have you ever met any misguided computer experts? I certainly have, and it looks like (SEC Chair) Mary Jo White has also met some. Otherwise, why would she start her Opening Statement (at SEC Roundtable on Cybersecurity) discussing about them? I loved her comment: "Cybersecurity threats come from many sources: criminal and hired hackers, terrorists, state-sponsored intruders, and ...
Understanding Risk Management and Compliance, What Is Different After Monday, July 7, 2014
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Series: Understanding Risk Management and Compliance, Book 50. Price: $0.99 USD. Words: 34,670. Language: English. Published: July 3, 2014. Category: Nonfiction » Business & Economics » Business Law
What is the Enhanced Disclosure Task Force (EDTF)? (Yes, of course you need to know that!) We read in the “Review of the Pillar 3 disclosure requirements” from the Basel Committee: “The Basel Committee also carefully considered the recommendations made by the Enhanced Disclosure Task Force (EDTF), a private sector initiative facilitated by the Financial Stability Board, which ...