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Risk Management Presentation February 4 2013

Risk Management Presentation February 4 2013

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Published by George Lekatis
International Association of Risk and Compliance Professionals (IARCP)
http://www.risk-compliance-association.com

Every Monday
Top 10 risk and compliance management related news stories and world events
Do you want to receive (at not cost) every Monday the 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?
You can register at:
http://www.risk-compliance-association.com/Top_10_Risk_Compliance_Management_Stories_Events.html

Receive the New Member Orientation Newsletters
You will have the opportunity to learn (at not cost) what members registered before you have already learned. Understand better risk and compliance management, projects, careers, challenges and opportunities.
You can register at:
http://www.risk-compliance-association.com/New_Member_Orientation_Newsletters.html
International Association of Risk and Compliance Professionals (IARCP)
http://www.risk-compliance-association.com

Every Monday
Top 10 risk and compliance management related news stories and world events
Do you want to receive (at not cost) every Monday the 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?
You can register at:
http://www.risk-compliance-association.com/Top_10_Risk_Compliance_Management_Stories_Events.html

Receive the New Member Orientation Newsletters
You will have the opportunity to learn (at not cost) what members registered before you have already learned. Understand better risk and compliance management, projects, careers, challenges and opportunities.
You can register at:
http://www.risk-compliance-association.com/New_Member_Orientation_Newsletters.html

More info:

Categories:Business/Law
Published by: George Lekatis on Jun 14, 2013
Copyright:Attribution Non-commercial

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06/14/2013

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International Association of Risk and Compliance
Professionals (IARCP)
 
1200 G Street NW Suite 800 Washington, DC 20005-6705 USA Tel: 202-449-9750 www.risk-compliance-association.com
 
Top 10 risk and compliance management related news storiesand world events that (for better or for worse) shaped the week's agenda, and what is next
 
Dear Member,
 
If you want to haveonly the presentationsof theCertified Risk and Compliance ManagementProfessional (CRCMP) program, you can havethem (at $97 instead of the $297 of the fullprogram). To learn more:
 
 
Do you know any
zombie managers?Unfortunately, I do.
 
I heard you
You asked:
What is a zombie manager Georg
e?
 
Simple: A zombie manager is a manager that is also a zombie
 
No, wait;we have a better official definition.
 
According to Bruce Karpati, Chief, SEC Enforcement Division's AssetManagement Unit, U.S. Securities and Exchange Commission:
 
―Z
ombie fund
s
(or more accurately,
zombie manag
ers‖)
 result whenprivate equity holdings are not designed for quick liquidity.
 
International Association of Risk and Compliance Professionals (IARCP)www.risk-compliance-association.com
 
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Since zombie managers areunable to raise new capital, their incentivesmay shiftfrommaintaining good relationswith their investors to maximizing their own revenue using the assets that they have.
 
Being a zombie manager in and of itself is of coursenot unlawfulandmost zombie managers will continue to act in the best interests of their investors.
 
However, given theincentives to favor their own interests, we believe thatthere will be someproblematic conductand possible violations of the law.
 
Read more atNumber 7 of our list.
 
Michel Barnier,the European Commissioner for Internal Market andServices, said thatthe EU and U.S. should implement the Basel measuresin parallel, starting in the
first weeks of 2014.
 
Mr Stefan Ingves,Governor of the Sveriges Riksbank and Chairman of the Basel Committee on Banking Supervision, also said that:
 
1.There is amaterial variation in risk weightsfor trading assets acrossbanks (after adjusting for accounting differences and for differences inthe riskiness of different bank portfolios)
 
2.Certainmodelling choices seem to be major drivers of the variationinrisk weights
 
3.Thequality of existing public disclosure is generally insufficienttoallow users to determine how much of the variation in reported riskweights is a reflection of underlying risk taking, and how much stemsfrom other factors (eg modeling choices, supervisory discretions).
 
Read more at Number 1 below.
 
Welcome to the Top 10 list.
 
International Association of Risk and Compliance Professionals (IARCP)www.risk-compliance-association.com
 
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From ideas to implementation
 
Remarks by Mr Stefan Ingves, Governor of theSveriges Riksbank and Chairman of the BaselCommittee on Banking Supervision, at the 8thHigh Level Meeting organised by the Basel
 
Committee on Banking Supervision and the Financial Stability Instituteand hosted by the South African Reserve Bank, Cape Town
 
Protecting Investors by Seizing theOpportunity to Strengthen Audit Quality
 
Jeanette M. Franzel, PCAOB Member AmericanAccounting Association Midyear Conference andDoctoral Consortium , New Orleans, LA
 
EIOPA
 
Multi-Annual Work Programme2012-2014
 
EIOPA is anindependent European Supervisory Authorityacting withinthe scope of various Directives covering insurance and reinsuranceundertakings, institutions for occupational retirement provision andinsurance intermediaries as well as related issues not directly covered bythese Directives.
 
International Association of Risk and Compliance Professionals (IARCP)www.risk-compliance-association.com

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