George Lekatis

Biography

George Lekatis is the General Manager of Compliance LLC, a leading provider of risk and compliance training and executive coaching in 36 countries.

George has more than 17,000 hours experience as a professional speaker and seminar leader. He has worked for more than 18 years as a management consultant and educator and has demonstrated exceptional presentation and communication skills.

George is the president of the Basel ii Compliance Professionals Association (BCPA, www.basel-ii-association.com), the largest association of Basel ii professionals in the world, and the Basel iii Compliance Professionals Association (BiiiCPA, www.basel-iii-association.com), the largest association of Basel iii professionals in the world.

George is also president of the Sarbanes Oxley Compliance Professionals Association (SOXCPA, www.sarbanes-oxley-association.com), the largest Association of Sarbanes Oxley professionals in the world

George is an expert witness, qualified to investigate and testify about risk and compliance management standards, policies, procedures, best practices, due care and due diligence.

Where to find George Lekatis online


Books

Understanding Risk Management and Compliance, What Is Different After Monday, April 21, 2014
By George Lekatis
Price: $0.99 USD. Words: 42,830. Language: English. Published: April 17, 2014. Category: Nonfiction
We have a great paper today, the Peer Review of Germany from the Financial Stability Board (FSB). It is a good opportunity to evaluate the dramatic changes in Europe. We read: "An important development impacting banking supervision in Germany will be the commencement of the Single Supervisory Mechanism (SSM) on 4 November 2014. On this date, primary responsibility for the supervision ...
Understanding Risk Management and Compliance, What Is Different After Monday, April 14, 2014
By George Lekatis
Series: Understanding Risk Management and Compliance, Book 49. Price: $0.99 USD. Words: 33,270. Language: English. Published: April 12, 2014. Category: Nonfiction
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, April 7, 2014
By George Lekatis
Series: Understanding Risk Management and Compliance, Book 48. Price: $4.99 USD. Words: 27,790. Language: English. Published: April 3, 2014. Category: Nonfiction
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 Sarbanes-Oxley, What Is Different After March 2014
By George Lekatis
Series: Understanding Sarbanes-Oxley, Book 10. Price: $0.99 USD. Words: 11,370. Language: English. Published: April 3, 2014. Category: Nonfiction
Today we will start with the priorities of the PCAOB. Overview of PCAOB Priorities - Jay D. Hanson, Board Member, CBI 10th Annual Pharma/Biotech Accounting & Reporting Congress, Philadelphia, PA Good Afternoon, Let me begin by thanking you for inviting me to be here today. Your work in the exciting and fast-paced pharmaceutical, biotechnology, medical device and healthcare industries ...
Understanding Basel III, What Is Different After March 2014
By George Lekatis
Series: Understanding Basel III, Book 12. Price: $4.99 USD. Words: 70,000. Language: English. Published: April 3, 2014. Category: Nonfiction
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. Report The report, entitled 'Genuine Economic and Monetary Union' and the implications for the UK also calls on the UK Government to get strongly involved ...
Understanding Solvency II, What Is Different After March 2014
By George Lekatis
Series: Understanding Solvency II, Book 12. Price: $4.99 USD. Words: 20,430. Language: English. Published: March 31, 2014. Category: Nonfiction
The European Parliament has adopted in plenary session the "Omnibus II" Directive that completes the "Solvency II" Directive and finalises the new framework for insurance regulation and supervision in the EU. On this occasion, European Commissioner for Internal Market and Services Michel Barnier said: "The European Parliament has just taken a very important step towards ...
Understanding Risk Management and Compliance, What Is Different After Monday, March 31, 2014
By George Lekatis
Series: Understanding Risk Management and Compliance, Book 47. Price: $4.99 USD. Words: 46,080. Language: English. Published: March 30, 2014. Category: Nonfiction
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, March 24, 2014
By George Lekatis
Series: Understanding Risk Management and Compliance, Book 46. Price: $4.99 USD. Words: 29,300. Language: English. Published: March 23, 2014. Category: Nonfiction
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 17, 2014
By George Lekatis
Series: Understanding Risk Management and Compliance, Book 45. Price: $4.99 USD. Words: 32,480. Language: English. Published: March 13, 2014. Category: Nonfiction
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 10, 2014
By George Lekatis
Series: Understanding Risk Management and Compliance, Book 44. Price: $4.99 USD. Words: 41,390. Language: English. Published: March 10, 2014. Category: Nonfiction
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 3, 2014
By George Lekatis
Series: Understanding Risk Management and Compliance, Book 43. Price: $4.99 USD. Words: 57,730. Language: English. Published: February 28, 2014. Category: Nonfiction
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, February 24, 2014
By George Lekatis
Series: Understanding Risk Management and Compliance, Book 42. Price: $4.99 USD. Words: 24,710. Language: English. Published: February 19, 2014. Category: Nonfiction
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, February 17, 2014
By George Lekatis
Series: Understanding Risk Management and Compliance, Book 41. Price: $4.99 USD. Words: 32,740. Language: English. Published: February 14, 2014. Category: Nonfiction
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 10, 2014
By George Lekatis
Series: Understanding Risk Management and Compliance, Book 40. Price: $4.99 USD. Words: 14,240. Language: English. Published: February 5, 2014. Category: Nonfiction
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 3, 2014
By George Lekatis
Series: Understanding Risk Management and Compliance, Book 39. Price: $4.99 USD. Words: 32,740. Language: English. Published: February 1, 2014. Category: Nonfiction
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 Solvency II, What is Different After January 2014
By George Lekatis
Series: Understanding Solvency II, Book 11. Price: $0.99 USD. Words: 39,370. Language: English. Published: January 28, 2014. Category: Nonfiction
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 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
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, 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
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, January 20, 2014
By George Lekatis
Series: Understanding Risk Management and Compliance, Book 37. Price: $0.99 USD. Words: 37,990. Language: English. Published: January 20, 2014. Category: Nonfiction
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 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
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 Solvency II, What is Different After December 2013
By George Lekatis
Series: Understanding Solvency II, Book 10. Price: $0.99 USD. Words: 37,380. Language: English. Published: December 28, 2013. Category: Nonfiction
We will start with the new directive (Directive 2013/58/EU of 11 December 2013) THE EUROPEAN PARLIAMENT AND THE COUNCIL OF THE EUROPEAN UNION, Having regard to the Treaty on the Functioning of the European Union, and in particular Article 53(1) and Article 62 thereof, Having regard to the proposal from the European Commission, Acting in accordance with the ordinary legislative procedure...
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
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 Sarbanes-Oxley, What is Different After December 2013
By George Lekatis
Series: Understanding Sarbanes-Oxley, Book 9. Price: $0.99 USD. Words: 33,730. Language: English. Published: December 28, 2013. Category: Nonfiction
The Public Company Accounting Oversight Board has approved amendments, as well as certain updates and clarifications, to tailor certain of its rules to the audits and auditors of brokers and dealers registered with the Securities and Exchange Commission, as authorized by the Dodd-Frank Wall Street Reform and Consumer Protection Act. "Today's vote to conform the PCAOB's rules ...
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
"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, December 23, 2013
By George Lekatis
Series: Understanding Risk Management and Compliance, Book 34. Price: $0.99 USD. Words: 29,160. Language: English. Published: December 20, 2013. Category: Nonfiction
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 16, 2013
By George Lekatis
Series: Understanding Risk Management and Compliance, Book 33. Price: $0.99 USD. Words: 34,680. Language: English. Published: December 12, 2013. Category: Nonfiction
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 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
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 Solvency II, What is Different After November 2013
By George Lekatis
Series: Understanding Solvency II, Book 9. Price: $2.99 USD. Words: 23,420. Language: English. Published: November 23, 2013. Category: Nonfiction
We have a deal! A deal struck between EU officials and parliamentarians paves the way for the full introduction of the Solvency II regulatory regime by 2016. Statement by the Chairman of EIOPA regarding the trilogue agreement on the Omnibus II Directive STATEMENT BY THE CHAIRMAN OF EIOPA The European Insurance and Occupational Pensions Authority (EIOPA) welcomes the trilogue agreement ...
Understanding Basel III, What is Different After November 2013
By George Lekatis
Series: Understanding Basel III, Book 9. Price: $2.99 USD. Words: 91,300. Language: English. Published: November 23, 2013. Category: Nonfiction
What is Basel III super-equivalent? 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 Sarbanes-Oxley, What is Different After November 2013
By George Lekatis
Series: Understanding Sarbanes-Oxley, Book 8. Price: $2.99 USD. Words: 33,730. Language: English. Published: November 23, 2013. Category: Nonfiction
Do you comply with the new COSO or the old one? Do you remember the speech? (Remarks at the 32nd Annual SEC and Financial Reporting Institute Conference Paul Beswick, Chief Accountant, Office of the Chief Accountant, U.S. Securities and Exchange Commission, Pasadena, California) Listed firms should consider the new COSO. As a matter of policy, the Securities and Exchange Commission ...
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
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, November 18, 2013
By George Lekatis
Series: Understanding Risk Management and Compliance, Book 30. Price: $1.99 USD. Words: 26,940. Language: English. Published: November 13, 2013. Category: Nonfiction
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 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
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 4, 2013
By George Lekatis
Series: Understanding Risk Management and Compliance, Book 28. Price: $1.99 USD. Words: 48,890. Language: English. Published: November 1, 2013. Category: Nonfiction
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 Basel III, What is different after October 2013
By George Lekatis
Series: Understanding Basel III, Book 8. Price: $2.99 USD. Words: 57,600. Language: English. Published: October 25, 2013. Category: Nonfiction
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 Solvency II, What is different after October 2013
By George Lekatis
Series: Understanding Solvency II, Book 8. Price: $2.99 USD. Words: 39,880. Language: English. Published: October 25, 2013. Category: Nonfiction
Today we will discuss an interesting development: The Proposal for a DIRECTIVE amending Directive 2009/138/EC on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II) as regards the dates of transposition and application and the date of repeal of certain Directives EXPLANATORY MEMORANDUM 1. CONTEXT OF THE PROPOSAL 1.1. Grounds for and objectives of the proposal
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
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, October 28, 2013
By George Lekatis
Series: Understanding Risk Management and Compliance, Book 27. Price: $1.99 USD. Words: 41,240. Language: English. Published: October 25, 2013. Category: Nonfiction
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, 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
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 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
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 7, 2013
By George Lekatis
Series: Understanding Risk Management and Compliance, Book 24. Price: $1.99 USD. Words: 34,920. Language: English. Published: October 3, 2013. Category: Nonfiction
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, September 30, 2013
By George Lekatis
Series: Understanding Risk Management and Compliance, Book 23. Price: $1.99 USD. Words: 35,460. Language: English. Published: September 25, 2013. Category: Nonfiction
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 Solvency II, What is different after September 2013
By George Lekatis
Series: Understanding Solvency II, Book 7. Price: $1.99 USD. Words: 83,710. Language: English. Published: September 25, 2013. Category: Nonfiction
The Steering Committee of the EU-U.S. Dialogue Project will host a public event on Saturday, 14 December 2013 ahead of the NAIC Fall National Meeting in Washington, D.C. The event will be held at the Washington Marriott Wardman Park Hotel from 9:00 a.m. - 12:00 p.m. Eastern Standard Time. The purpose of the public event is to launch the initiatives set out in the EU-U.S. Dialogue Project.
Understanding Basel III, What is different after September 2013
By George Lekatis
Series: Understanding Basel III, Book 7. Price: $1.99 USD. Words: 39,500. Language: English. Published: September 25, 2013. Category: Nonfiction
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 Sarbanes-Oxley, What is different after September 2013
By George Lekatis
Series: Understanding Sarbanes-Oxley, Book 6. Price: $1.99 USD. Words: 55,620. Language: English. Published: September 25, 2013. Category: Nonfiction
The Public Company Accounting Oversight Board released its second progress report on its interim inspection program for auditors of brokers and dealers, covering the audit deficiencies and independence findings identified in inspections performed from March 2012 to December 2012. For this report, PCAOB inspectors reviewed 43 audit firms covering portions of 60 audits of brokers and dealers ...
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
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 16, 2013
By George Lekatis
Series: Understanding Risk Management and Compliance, Book 21. Price: $1.99 USD. Words: 57,790. Language: English. Published: September 11, 2013. Category: Nonfiction
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 9, 2013
By George Lekatis
Series: Understanding Risk Management and Compliance, Book 20. Price: $1.99 USD. Words: 58,620. Language: English. Published: September 4, 2013. Category: Nonfiction
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 2, 2013
By George Lekatis
Series: Understanding Risk Management and Compliance, Book 19. Price: $1.99 USD. Words: 44,170. Language: English. Published: August 27, 2013. Category: Nonfiction
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, August 26, 2013
By George Lekatis
Series: Understanding Risk Management and Compliance, Book 18. Price: $1.99 USD. Words: 36,950. Language: English. Published: August 22, 2013. Category: Nonfiction
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..."
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