Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more
Download
Standard view
Full view
of .
Look up keyword or section
Like this
2Activity
0 of .
Results for:
No results containing your search query
P. 1
Risk Management Presentation July 23 2012

Risk Management Presentation July 23 2012

Ratings: (0)|Views: 7 |Likes:
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:Types, Business/Law
Published by: George Lekatis on Jun 14, 2013
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as PPTX, PDF, TXT or read online from Scribd
See more
See less

05/09/2014

pdf

text

original

 
P a g e|
1
 
International Association of Risk and ComplianceProfessionals (IARCP)
 
1200 G Street NW Suite 800 Washington, DC 20005-6705 USATel: 202-449-9750www.risk-compliance-association.com
 
Top 10 risk and compliance management related news storiesand world events that (for better or for worse) shaped the week'sagenda, and what is next
 
George LekatisPresident of the IARCP
 
Dear Member,
 
Who said that?
 
Thehundreds of rules and regulations that Dodd-Frank demands of theSEC and other financial regulators indicate just how far the governmenthas reached into the private sector and justhow heavythe government
shand will be.
 
Or, stated differently, the regulatory change demonstratesthe degreetowhich government decision making, effectuated as it is throughmoreregulation, will displace and distort private sector decision making.
 
To put it more directly,I have been and remain troubled that theDodd-Frank regulatory regime goes too far .
 
Who said that?
Commissioner Troy A. Paredes,from the U.S. Securitiesand Exchange Commission, Washington, D.C.
 
Commissioner Troy A. Paredes continues:
 
The key question, therefore, is not whether we will or should haveregulation.
 
The answer to that question is straightforward: we will and we should.
 
The real question is,
How much
?
 
International Association of Risk and Compliance Professionals (IARCP)www.risk-compliance-association.com
 
P a g e|
2
 
When it comes to the question of 
How much
?,
I am concerned that thepresent wave of regulation will prove to beexcessive, unduly burdeningand restricting our financial system and suppressing private sector innovation, entrepreneurism, and competitionat the expense of our country
s economic growth and global competitiveness.
 
My concern that we are overregulating is accentuated when instead of evaluating each rule and regulation one-by-one, the totality of theregulation that the private sector must bear isadded up.
 
As regulatory mandates mount, I worry that thecumulative impact of theaggregation of rules and regulations will make it more difficult for companies to raise capitaland to manage their risks effectively; will makeitmore costly for individuals to borrowwhen they need to; willstifle the cutting-edge innovationthat we depend on to drive our economy forward;willleave investors with fewer valuable opportunitiesfor building their wealth; and willundercut job creation.
 
Read more at Number 5.
 
Welcome to the Top 10 list.
 
International Association of Risk and Compliance Professionals (IARCP)www.risk-compliance-association.com
 
P a g e|
3
 
FINMA publishes circulars onimplementing Basel III and TBTFrequirements
 
FINMA will put a new circular oneligible capital into effect starting 1
 
January 2013 as well as revised circulars on capital planning, credit andmarket risk, disclosure and risk diversification.
 
Remarks by Under SecretaryLael Brainard on China at theCenter for American Progress
 
The choices China makes as it navigates its next phase of developmentwill matter greatly for the kind of international playing field our companies, workers, farmers, and ranchers will face.
 
FI proposes higher requirements for the ban
ks
liquidity buffers
 
Sweden shall actahead of the EUand introducequantitative
 
requirement s regardin g the ban
ks
liqu idit y bu ffers.
 
The aim is to ensure that large banks and credit institutions holdsufficient liquid assets to be able to manage short periods without accessto market funding.
 
International Association of Risk and Compliance Professionals (IARCP)www.risk-compliance-association.com

Activity (2)

You've already reviewed this. Edit your review.
1 hundred reads
bhn2you liked this

You're Reading a Free Preview

Download
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->