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Welcome to the monthly newsletter of the Solvency II Association. Today we will try to understand better the Solvenbcy ii directive. Solvency II is a regulatory project that provides a risk-based, economic-based, and principle-based framework for the supervision of insurance and reinsurance undertakings.  In Solvency II, capital requirements will be determined on the basis of the risk profile of undertakings, as well as on the way in which such risks are managed, therefore providing the right incentives for sound risk management practices and enhanced transparency.  Solvency II is a long-term project that started more than ten years ago, building a reference regulatory framework that will apply both in normal and crisis circumstances.  The design of the framework relies on technical provisions which allow undertakings to meet their commitments towards policyholders, arising from the insurance and reinsurance activity (the expected obligations), and capital requirements which should cover unexpe

Welcome to the monthly newsletter of the Basel iii Compliance Professionals Association (BiiiCPA).  Today we will start with some interesting developments, and we will try to undrstand better the importance of Resolution Regimes and Peer Review.  Financial Stability Board (FSB) member jurisdictions have committed to undergo periodic peer reviews.  To fulfil this responsibility, the FSB has established a regular programme of country and thematic peer reviews of its member jurisdictions.  Thematic reviews focus on the implementation and effectiveness across the FSB membership of international financial standards, developed by standard-setting bodies and policies agreed within the FSB, in a particular area important for global financial stability.  Thematic reviews may also analyse other areas important for global financial stability where international standards or policies do not yet exist.  The objectives of the reviews are to encourage consistent cross-country and cross-sector i

Basel III and reforms in Switzerland, United Kingdom, United States, Australia, Germany, Mexico, Netherlands, Spain. Visit the Reading Room of the Basel iii Compliance Professionals Association, and learn every month (at no cost) what is different in the Basel iii framework and implementation guidelines around the world. This month we will discuss some recent major legislative reforms, that affect the implementation of the Basel iii framework, in Financial Stability Board jurisdictions: Switzerland, United Kingdom, United States, Australia, Germany, Mexico, Netherlands, Spain etc. We will continue with the Thematic Review on Risk Governance, Peer Review Report The recent global financial crisis exposed a number of governance weaknesses that resulted in firms’ failure to understand the risks they were taking.  In the wake of the crisis, numerous reports painted a fairly bleak picture of risk governance frameworks at financial institutions, which consists of the three key functions:  The board,

The Basel Committee has developed the Liquidity Coverage Ratio to promote the short-term resilience of the liquidity risk profile of banks by ensuring that they have sufficient High Quality Liquid Assets to survive a significant stress scenario lasting 30 calendar days. The Liquidity Coverage Ratio will be introduced as planned on 1 January 2015, but the minimum requirement will be set at 60% and rise in equal annual steps to reach 100% on 1 January 2019.  This graduated approach, coupled with the revisions made to the 2010 publication of the liquidity standards, are designed to ensure that the LCR can be introduced without material disruption to the orderly strengthening of banking systems or the ongoing financing of economic activity.

What is Basel III? An Overview of the Basel III Framework.

Basel iii news, May 2013 - Basel iii Compliance Professionals Association (BiiiCPA). I had a difficult time in the past to explain liquidity risk management and ratios. Now I know what to do. Problem solved! I will use a pollution-mitigating technology, like scrubbers to explain liquidity risk. Mr. Jeremy C Stein, Member of the Board of Governors of the Federal Reserve System explained how.

Understanding Risk Management and Compliance, What is different after Monday, May 27, 2013. Welcome to our 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.