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Risk Management Presentation September 17 2012

Risk Management Presentation September 17 2012

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

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04/12/2014

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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,
 
―We
will look at how firms make their money, how they pay
 
their staff and whether they are designing, and selling products withcustomers in mind.
 
This is a change from the traditional regulatory model, which involvedsetting standards and then looking back at what firms have done.
 
Who said that?
 
Martin Wheatley, Managing Director, FSA, UK (speaking about the
incentivisation of sales staff 
).
 
A really interesting change in the regulatory model.Read more atNumber 8of our list.
 
Today we can also enjoy the speech by Jaime Caruana, General Manager,Bank for International Settlements (at the Federal Reserve Bank of Kansas City
s 36th Economic Policy Symposium).
 
He said that
There is little doubt that,since the crisis, we have had thewidest, deepest and most far-reaching regulatory cooperation in history.
 
International Association of Risk and Compliance Professionals (IARCP)www.risk-compliance-association.com
 
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Participation has broadened, coordination has intensified, andimplementation will be peer-reviewed.
 
Institutionally, all G20 members have joined the BCBS.
 
Similarly, the Financial Stability
Board‘s
membership has become moreinclusive.
 
Emerging market representatives bring useful macroprudentialexperience to the table.
 
And attention is being paid to vulnerabilities in theshadow banking
 
system, outside the narrow scope of the regulated sector.
 
Cooperation has intensified with Basel III
s
requirement for more andbetter capital, backstopped by a simple leverage ratio and internationaloversight of weights and implementation.
 
Cooperation has also widened with the inclusion of internationalstandards onliquidity management
.‖
 
But he continued:
I am acutely aware that,even as intended regulatorycooperation has reached an all-time high, the risks of fragmentingbanking along national lines have grown.
 
Read more atNumber 1of our list.
 
Welcome to the Top 10.
 
International Association of Risk and Compliance Professionals (IARCP)www.risk-compliance-association.com
 
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Policymaking in an interconnected world
 
Luncheon speech by Jaime Caruana
 
General Manager, Bank for International Settlements -The Federal Reserve Bank of Kansas Cit
ys
36th
 
Economic Policy Symposium on
The changing policy land
scape‖
 
Jackson Hole
 
Gabriel Bernardino, Chairman of EIOPACreatinga global insurance supervisory LanguageConference on Global Insurance Supervision
 
Quarterly Banking Digest, Q2Important parts and Highlights
 
10 September 2012Government lays new Money
 
Laundering regulations before Parliament
 
On 10 September the Government introduced legislation to Parliament toimplement important changes to the Money Laundering Regulations2007.
 
International Association of Risk and Compliance Professionals (IARCP)www.risk-compliance-association.com

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