Nonfiction » Business & Economics » Banks & banking

Understanding Basel III, What is Different After December 2013
By George Lekatis
Series: Understanding Basel III, Book 10. Price: $0.99 USD. Words: 51,880. Language: English. Published: December 28, 2013. Category: Nonfiction » Business & Economics » Banks & banking
There are so many different opinions about the role of the leverage ratio after the crisis. In UK, The Chancellor of the Exchequer, George Osborne, has requested that the Financial Policy Committee conducts a review into the role for the leverage ratio within the capital framework for UK banks. The letters between the Chancellor and the Governor of the Bank of England ...
Understanding Risk Management and Compliance, What is Different After Monday, November 11, 2013
By George Lekatis
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, August 19, 2013
By George Lekatis
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 ...
The Socialist Myth of the Greedy Banker
By Iakovos Alhadeff
Price: Free! Words: 6,620. Language: English. Published: March 12, 2014. Category: Nonfiction » Business & Economics » Banks & banking
0.5 star(2.50 from 2 reviews)
The essay explains why private banks cannot create inflationary money which is a privilege of governments and central banks.
Understanding Risk Management and Compliance, What is Different After Monday, December 30, 2013
By George Lekatis
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, October 14, 2013
By George Lekatis
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, January 27, 2014
By George Lekatis
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, November 25, 2013
By George Lekatis
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, September 23, 2013
By George Lekatis
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 Sarbanes-Oxley, What is different after October 2013
By George Lekatis
Series: Understanding Sarbanes-Oxley, Book 7. Price: $2.99 USD. Words: 14,000. Language: English. Published: October 25, 2013. Category: Nonfiction » Business & Economics » Banks & banking
The Public Company Accounting Oversight Board adopted two attestation standards pertaining to audits of brokers and dealers that will help protect customer funds by enhancing the quality of compliance information provided to the Securities and Exchange Commission and used in its regulatory oversight of broker-dealers. The Board also adopted an auditing standard applicable when ...
Understanding Risk Management and Compliance, What is Different After Monday January 13, 2014
By George Lekatis
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, December 2, 2013
By George Lekatis
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 ...
Banca Corporativa. Los Préstamos Sindicados, qué son y cómo funcionan
By J.M. Lacarte, Jr
Price: $8.10 USD. Words: 33,920. Language: Spanish. Published: August 18, 2012. Category: Nonfiction » Business & Economics » Banks & banking
En este libro se expone una explicación sencilla y clara, pero rigurosa de qué son y cómo funcionan estas operaciones de préstamo sindicado. Es una excelente herramienta para profesionales de la banca o de la dirección financiera, para empresarios e incluso para estudiosos de las finanzas para aproximarse al mundo de la banca corporativa más seductor e interesante.
Understanding Risk Management and Compliance, What is different after Monday, July 29, 2013
By George Lekatis
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 Sarbanes-Oxley, What Is Different After July 2013
By George Lekatis
Series: Understanding Sarbanes-Oxley, Book 4. Price: $0.99 USD. Words: 41,220. Language: English. Published: July 20, 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? Gregg E. Berman, Associate Director ...
Understanding Basel III, What is Different After January 2014
By George Lekatis
Series: Understanding Basel III, Book 11. Price: $0.99 USD. Words: 78,630. Language: English. Published: January 28, 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 Basel III, What is different after April 2013
By George Lekatis
Series: Understanding Basel III, Book 2. Price: $0.99 USD. Words: 65,360. Language: English. Published: May 2, 2013. Category: Nonfiction » Business & Economics » Banks & banking
Auditors... it is your turn to suffer the consequences of the crisis... According to the BIS, The recent financial crisis not only revealed weaknesses in risk management, control and governance processes at banks, but also highlighted the need to improve the quality of external audits of banks.
Understanding Basel III, What is different after August 2013
By George Lekatis
Series: Understanding Basel III, Book 6. Price: $1.99 USD. Words: 49,720. Language: English. Published: August 16, 2013. Category: Nonfiction » Business & Economics » Banks & banking
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 ...
Understanding Risk Management and Compliance, What is different after Monday, October 21, 2013
By George Lekatis
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 ...
Jeffrey Robinson's Criminal Intent-The Swiss Wash Whiter
By Jeffrey Robinson
Price: $2.99 USD. Words: 15,640. Language: English. Published: April 28, 2013. Category: Nonfiction » Business & Economics » Banks & banking
From the author of "The Laundrymen" Jeffrey Robinson's eBook original strips bare the $2.1 trillion murky world of secret Swiss banking --- here are the truths, the lies and the hype behind the dirty money, the money laundering, the tax evasion, the dictators, the despots, the banks, the bankers and the PR henchmen who pretend that secrecy doesn't exist.