http://www.compliancehome.com/ ComplianceHome is one of the Web's largest library of resources for compliance management of HIPAA, SOX, FISMA, GLBA, FDA, FFIEC, Basel II, OSHA and ISO 27002/17799. Visit our directories which are the best source on White papers, related news articles, resources on the web, training, webinars, conferences, rules & regulation overview, ask the expert, job and search on vendors, solutions & products. http://www.compliancehome.com/images/rsslogo.gif http://www.compliancehome.com/ en-us Tue, 22 Dec 2009 00:00:00 CST http://www.compliancehome.com/resources/Basel-II/Articles/abstract18624.html Landmark Industries of Houston, Texas, a multi-branded petroleum retailer and wholesaler is installing Gilbarco Passport point of sale (POS) systems at 162 Houston area locations. http://www.compliancehome.com/resources/Basel-II/Articles/abstract18624.html Mon, 31 Aug 2009 00:00:00 CST http://www.compliancehome.com/resources/Basel-II/Articles/abstract18191.html The central bank of a country through monetary policycontrols supply, availability and cost of money so as to achieve optimum growth and economic stability. Monetary policy is flexible i.e. immediate changes can be made in response to shocks, as opposed to fiscal policy, which takes longer to manage and implement. Monetary policy can be expansionary, i.e. increasing the total supply of money, as opposed to being contractionary, which decreases cumulative money supply. Expansionary policy is adopted when confronted with unemployment during recession by lowering interest rates. Conversely, contractionary policy is espoused to stabilise inflationary pressure through elevated interest rates. Lately, we have been hearing about http://www.compliancehome.com/resources/Basel-II/Articles/abstract18191.html Wed, 26 Aug 2009 00:00:00 CST http://www.compliancehome.com/resources/Basel-II/Articles/abstract18172.html The China Banking Regulatory Commission's plan for domestic banks to implement a revised capital accord has large lenders making changes by the end of next year and all banks entering the agreement by the end of 2013. http://www.compliancehome.com/resources/Basel-II/Articles/abstract18172.html Wed, 26 Aug 2009 00:00:00 CST http://www.compliancehome.com/resources/Basel-II/Articles/abstract18170.html The Philippines boasts one of the few banking sectors around the world to have evaded many of the consequences of the US-led financial turmoil. Certainly much is owed to lessons learned in the form of strong monetary and fiscal policy reforms after the Asian financial crisis in 1997 to 1998. Relatively conservative banking practices also played a significant role in sheltering the countrys finances during what has proven to be one of the most significant economic downturns in recent history. http://www.compliancehome.com/resources/Basel-II/Articles/abstract18170.html Wed, 26 Aug 2009 00:00:00 CST http://www.compliancehome.com/resources/Basel-II/Articles/abstract18161.html While financial institutions in Africa have for the most part managed to weather the storm of the global financial crisis, there is a need to aggressively step up risk management practices, track regulatory compliance and, in turn, measure and forecast future business viability. Factors that have until now set banks in Africa apart have been the slower adoption and implementation in some parts of Africa of international standards, liquidity requirements, and the less complicated nature of their products and services in stark opposition to their international counterparts. http://www.compliancehome.com/resources/Basel-II/Articles/abstract18161.html Tue, 18 Aug 2009 00:00:00 CST http://www.compliancehome.com/resources/Basel-II/Articles/abstract18145.html A daylong workshop on 'Basel-II Accord' was conducted by IFIC Bank Ltd at its academy at Motijheel in the city recently. Vice President of the bank HS Suhrawardi and Mohammad Tajul Islam of CRAB were the main speakers at the workshop. Details of the 'Basel-II Accord' was discussed at the workshop. http://www.compliancehome.com/resources/Basel-II/Articles/abstract18145.html Fri, 14 Aug 2009 00:00:00 CST http://www.compliancehome.com/resources/Basel-II/Articles/abstract18135.html With the rise in number of collaborative business models, information databases and social networks, sharing and managing identity and access information has become critical. Compliance regulations, Sarbanes-Oxley, Basel II, FISMA, HIPAA, PCI/DSS and the like, play a larger role when establishing processes and controls to mitigate internal and external risks. http://www.compliancehome.com/resources/Basel-II/Articles/abstract18135.html Mon, 03 Aug 2009 00:00:00 CST http://www.compliancehome.com/resources/Basel-II/Articles/abstract18113.html Market risk is the risk of loss in the value of a financial institutions proprietary trading holdings in equity, debt, FX or commodity instruments, due to fluctuations in market prices. Market risk can also arise with the management of clients moneys where financial institutions provide unhedged guaranteed minimum returns. A form of market risk also arises where banks accept financial instruments exposed to market price volatility as collateral for loans. Poor market risk management practises can lead to significant losses very quickly in volatile market conditions and also complete institutional collapse in severe situations. http://www.compliancehome.com/resources/Basel-II/Articles/abstract18113.html Mon, 03 Aug 2009 00:00:00 CST http://www.compliancehome.com/resources/Basel-II/Articles/abstract18109.html A detailed plan to the Bank of Israel to reach the mandated minimum capital adequacy ratio of 12% at the end of 2009 is submitted by Israel Discount Bank. Supervisor of Banks Rony Hizkiyahu ordered to the bank to submit the plan, a copy of which http://www.compliancehome.com/resources/Basel-II/Articles/abstract18109.html Thu, 16 Jul 2009 00:00:00 CST http://www.compliancehome.com/resources/Basel-II/Articles/abstract18073.html The measures finalized by the Basel Committee on Banking Supervision should come into force by the end of 2010, the Bank for International Settlements (BIS) said in a statement. The committee last week approved the package requiring banks to make more detailed disclosures of their exposure to complex products such as asset-backed securities, thereby giving more and better information on the degree of risk they were taking. In addition, they would have to adhere to strengthened minimum capital requirements that would cover exposures to complex financial products and illiquid assets that were blamed for helping to generate the collapse in credit and financial markets last year. http://www.compliancehome.com/resources/Basel-II/Articles/abstract18073.html Tue, 14 Jul 2009 00:00:00 CST http://www.compliancehome.com/resources/Basel-II/Articles/abstract18043.html Revised draft guidelines on commercial real estate (CRE) exposures are issued by the Reserve Bank of India (RBI). The revision comes in the wake of doubts raised in certain quarters on treatment of specified exposures. The new draft is also necessitated by the need to align with the rules with the Basel-II framework. http://www.compliancehome.com/resources/Basel-II/Articles/abstract18043.html Wed, 08 Jul 2009 00:00:00 CST http://www.compliancehome.com/resources/Basel-II/Articles/abstract18037.html A deadlines for all scheduled commercial banks to comply with the second phase of Basel II implementation has been finally set by the Reserve Bank of India (RBI). The notification by the regulator asked banks to put in place measures for various markets, operational and credit risks In the circular, RBI said since the first phase of Basel II compliance had already been implemented by the banks, it's time to graduate to the second phase. Having regard to the necessary upgradation of risk management framework and the capital efficiency that is likely to accrue to banks due to the adoption of the advanced approaches envisaged under the Basel II framework and the emerging international trend in this regard, it is considered desirable to lay down a timeframe for the implementation of the advanced approaches in India, the circular said. http://www.compliancehome.com/resources/Basel-II/Articles/abstract18037.html Wed, 08 Jul 2009 00:00:00 CST http://www.compliancehome.com/resources/Basel-II/Articles/abstract18036.html European Union finance ministers gave a consent that new rules are needed to avoid boom-and-bust cycles in financial markets, but they rejected Germany's bid to suspend capital requirements for banks. The ministers, following their monthly meeting in Brussels, criticized the current bank-capital rules outlined in the Basel II Accord. This international agreement, signed in 2004, was designed to ensure banks had enough capital in reserve to guard against risks. http://www.compliancehome.com/resources/Basel-II/Articles/abstract18036.html Mon, 06 Jul 2009 00:00:00 CST http://www.compliancehome.com/resources/Basel-II/Articles/abstract18022.html Chancellor Angela Merkel urged by German state banks to press the European Union to ease rules on capital reserves, which they say are slowing lenders return to health and choking credit to industry. While Merkels coalition passed steps in parliament today allowing lenders to purge their books of toxic assets, banks are struggling to fulfill risk provisions set out by the so-called Basel II accords on reserves, said Karl-Heinz Boos, the managing director of Germanys VOeB state-bank federation. http://www.compliancehome.com/resources/Basel-II/Articles/abstract18022.html Fri, 03 Jul 2009 00:00:00 CST http://www.compliancehome.com/resources/Basel-II/Articles/abstract18018.html A desire to relax global rules on capital charges to ease writedown pressures on banks holding toxic assets is shown by Germany. European Union finance ministers meet next week and will be asked to endorse a report from their Economic and Financial Committee on how to stop rules amplifying market turmoil. The report, obtained by Reuters, backs a series of measures, many of which are already in the works at global and EU level. It will take many months for the measures to come into effect and in the meantime Germany wants a temporary easing of Basel II rules that deal with capital charges on illiquid assets. http://www.compliancehome.com/resources/Basel-II/Articles/abstract18018.html Fri, 03 Jul 2009 00:00:00 CST http://www.compliancehome.com/resources/Basel-II/Articles/abstract18017.html The Basel Committee on Banking Supervision will in mid-July lay out new disclosure requirements for banks as well as additions to the second pillar of its Basel II framework. http://www.compliancehome.com/resources/Basel-II/Articles/abstract18017.html Fri, 03 Jul 2009 00:00:00 CST http://www.compliancehome.com/resources/Basel-II/Articles/abstract18016.html The South African banking system remained stable despite of the turmoil experienced in international financial markets and the domestic cyclical economic developments during 2008,and banks were adequately capitalised and profitable. Thats according to the SARBs Supervision Report issued on their website this morning. The banking sectors capital-adequacy ratio increased from 11,8% in January 2008 to 13,0% at the end of December 2008. The tier 1 capital-adequacy ratio increased from 8,9% at the end of January 2008 to 10,2% at the end of December 2008. http://www.compliancehome.com/resources/Basel-II/Articles/abstract18016.html Fri, 03 Jul 2009 00:00:00 CST http://www.compliancehome.com/resources/Basel-II/Articles/abstract18002.html Your IT organization - no matter what the size is learning to do more with less. Yet whether you choose to build applications internally, purchase third party software or outsource your needs, the burden of managing IT security risk-- and specifically application security risk-- has not reduced. This webinar will discuss cost-effective measures your organization can take to secure your applications, comply with OCC Bulletin 2008-16 and develop an effective, comprehensive application security strategy. http://www.compliancehome.com/resources/Basel-II/Articles/abstract18002.html Tue, 30 Jun 2009 00:00:00 CST http://www.compliancehome.com/resources/Basel-II/Articles/abstract17996.html An alert has been issued by the American International Group Inc. that if credit markets continue to deteriorate, the company could face unrealized losses on a portfolio of derivatives in its financial-products unit, the unit largely responsible for the parent company's collapse. http://www.compliancehome.com/resources/Basel-II/Articles/abstract17996.html Tue, 30 Jun 2009 00:00:00 CST http://www.compliancehome.com/resources/Basel-II/Articles/abstract17995.html Rs 250 crore to be raised as per the plans of by private lender Bank of Rajasthan (BoR)issuing equity shares at a premium to institutional investors to meet Basel-II adequacy norms and also reduce promoters holding. The banks board on June 27 cleared a proposal to seek shareholders approval to raise up to Rs 250 crore in one or more tranches through the qualified institutional placement (QIP) route. http://www.compliancehome.com/resources/Basel-II/Articles/abstract17995.html Mon, 29 Jun 2009 00:00:00 CST http://www.compliancehome.com/resources/Basel-II/Articles/abstract17989.html The concept of banks being to big to fail is a concept that should be left in the past, according to the Bank of Englands June 2009 Financial Stability Report. The report is published with regularity and offers guidance on how to stabilize most areas of the economy, though of late the subject matter is typically filled with bank and mortgage information. In the June submission, the government takes bank strategy to task: The financial system should be capable of absorbing shocks from the economy and from financial markets rather than generating them. It also needs to be much better able to support economic activity on a sustainable basis, without relying on large-scale publicly funded support to weather shocks, it reads. http://www.compliancehome.com/resources/Basel-II/Articles/abstract17989.html Mon, 29 Jun 2009 00:00:00 CST http://www.compliancehome.com/resources/Basel-II/Articles/abstract17985.html The world economy is showing convincing signs of recovery, Financial Stability Board Chairman Mario Draghi said. We observe signs of improvement here and there, Draghi, who is also a member of the European Central Bank council and governor of the Bank of Italy, said today in Basel, Switzerland. Still, the fragilities of the economy and the financial system are there, he said at a press briefing presenting the new Financial Stability Board. The Basel-based board was inaugurated yesterday to succeed the Financial Stability Forum. According to its members -- representatives of the major economies and institutions such as the European Central Bank and the International Monetary Fund -- the panel will have an oversight role to look at risks to financial markets and ensure that regulators in each country act upon them. http://www.compliancehome.com/resources/Basel-II/Articles/abstract17985.html Fri, 26 Jun 2009 00:00:00 CST http://www.compliancehome.com/resources/Basel-II/Webinars/abstract17980.html Are you confused about the latest PCI Compliance regulations and the details about PCI section 6.6? Well, you're not alone. As of January 2009, almost 90% of the 100 -150 million Websites are still critically vulnerable. Download this informative webinar and panel discussion to learn: Key requirements for PCI and PCI 6.6 and how it relates to Web application security, Different security perspectives from the education, retail, and banking industries, Best practices on how to attain compliance and Web application security, and Expert insights into what to focus on first. http://www.compliancehome.com/resources/Basel-II/Webinars/abstract17980.html Fri, 26 Jun 2009 00:00:00 CST http://www.compliancehome.com/resources/Basel-II/Articles/abstract17972.html The Obama administration wants to create a super-regulator and is calling for an independent financial products agency to regulate the financial system. Commentator David Frum says these reforms fail to get at the root of the problem. http://www.compliancehome.com/resources/Basel-II/Articles/abstract17972.html Fri, 19 Jun 2009 00:00:00 CST http://www.compliancehome.com/resources/Basel-II/Articles/abstract17950.html Switzerland is pressing ahead with tighter regulation for its global banks UBS and Credit Suisse.Some of the key elements and proposals from Swiss regulator FINMA and the Swiss National Bank for the new regulatory regime in Switzerland are very well defined in this article http://www.compliancehome.com/resources/Basel-II/Articles/abstract17950.html Thu, 18 Jun 2009 00:00:00 CST http://www.compliancehome.com/resources/Basel-II/Articles/abstract17939.html One of Pakistans oldest banks, Allied Bank, has embarked on a major risk management project and has enlisted a number of SAS products for the task.Founded in 1942 as Pakistans first Muslim bank, Allied will deploy a combination of SAS Customer Intelligence, SAS for Enterprise Risk Management and SAS Enterprise BI Server. These products will automate risk management, customer segmentation and use behavior scoring to help Allied meet the data management and reporting requirements of Basel II. http://www.compliancehome.com/resources/Basel-II/Articles/abstract17939.html Mon, 15 Jun 2009 00:00:00 CST http://www.compliancehome.com/resources/Basel-II/Articles/abstract17917.html Allied Bank has entered into an agreement with SAS, a provider of business analytics software and services, to establish an enterprise-wide risk framework to meet regulatory requirements such as Basel II, enhance its credit ratings and build up the bank's consumer portfolio. SAS has said that the solution is an analytical tool for risk management, customer segmentation and behavioral scoring to help meet the data management and reporting requirements under Basel II. http://www.compliancehome.com/resources/Basel-II/Articles/abstract17917.html Wed, 10 Jun 2009 00:00:00 CST http://www.compliancehome.com/resources/Basel-II/Articles/abstract17910.html Allied Bank of Pakistan has signed for risk management technology from SAS to help it meet Basel II regulatory requirements and improve credit ratings. The bank will roll out SAS's customer intelligence and enterprise risk management systems as well as an enterprise business intelligence server. The vendor says its technology will provide Allied with an enhanced automated reporting system which will enable it to launch and manage more consumer products in less time and reduce overall costs. http://www.compliancehome.com/resources/Basel-II/Articles/abstract17910.html Wed, 10 Jun 2009 00:00:00 CST http://www.compliancehome.com/resources/Basel-II/Articles/abstract17909.html As it has been widely observed recently, there are signs that the rapid decline in economic activity of the past few quarters is slowing. The latest data give some reason to hope that we are approaching a bottom in economic activity and that growth will resume later this year. Yet stabilization or improvement would begin from very low levels compared with those that prevailed in recent years. Recovery may be painfully slow, and the economy will remain unusually vulnerable to new shocks. The news remains bad in two areas of direct importance to American families: Unemployment continues to rise and housing prices continue to decline. http://www.compliancehome.com/resources/Basel-II/Articles/abstract17909.html Tue, 09 Jun 2009 00:00:00 CST http://www.compliancehome.com/resources/Basel-II/Articles/abstract17902.html In order to stay buoyant in the highly competitive banking industry, the United Bank for Africa has announced further changes to its Financial Reporting, Governance, Risk and Control architecture. These entail an integrated implementation of key international best practices in risk management, financial reporting, internal controls and corporate governance. The holistic measures have seen the bank adopting the advanced approaches of Basel II Prudential Standards, International Financial Reporting Standards, Committee of Standards Organisation compliance and plans to implement the South African King III corporate governance code, which will be implemented during the course of this financial year. http://www.compliancehome.com/resources/Basel-II/Articles/abstract17902.html Thu, 04 Jun 2009 00:00:00 CST http://www.compliancehome.com/resources/Basel-II/Articles/abstract17891.html The largest Islamic bank in the world, Dubai Islamic Bank (DIB), has Dh15 billion on deposit with the Central Bank. This is Dh10bn more than the statutory minimum required, analysts said. The listed bank boasts a 11.1 per cent Tier 1 ratio as of March 31, 2009 [as per Basel II]. The above figures have been deduced after an analysis of the bank's financials and they are in contrast to most UAE banks that were suffering from a liquidity squeeze towards the end of Q1. http://www.compliancehome.com/resources/Basel-II/Articles/abstract17891.html Wed, 03 Jun 2009 00:00:00 CST http://www.compliancehome.com/resources/Basel-II/Articles/abstract17872.html Recent Basel II proposals in response to the financial crisis provide enhancements that will further strengthen the effectiveness and rigor of the Basel II capital framework. However, specific aspects could have unintended effects on the risk-sensitivity of capital requirements for structured finance exposures. In particular, there is potential overlap between Fitch's tightened SF CDO rating criteria and proposed increases in Basel II risk-weights on 're-securitization' exposures held by banks, which could result in the 'double-counting' of risks within SF CDO capital charges. http://www.compliancehome.com/resources/Basel-II/Articles/abstract17872.html Wed, 03 Jun 2009 00:00:00 CST http://www.compliancehome.com/resources/Basel-II/Articles/abstract17871.html Allied Bank and SAS Institute Inc, the leader in business analytics have entered into an agreement to establish an enterprisewide risk framework to meet regulatory requirements such as Basel II, enhance its credit ratings and build up the Bank's consumer portfolio. Chief executive officer Allied Bank, Mohammad Aftab Manzoor said, http://www.compliancehome.com/resources/Basel-II/Articles/abstract17871.html Thu, 28 May 2009 00:00:00 CST http://www.compliancehome.com/resources/Basel-II/Articles/abstract17845.html Network World X86 virtualization is often a risky proposition for highly regulated, mission-critical applications, because people and processes are not ready for virtualization and the security risks it introduces, IBM security expert Joshua Corman argued at Interop Las Vegas this week. http://www.compliancehome.com/resources/Basel-II/Articles/abstract17845.html Thu, 28 May 2009 00:00:00 CST http://www.compliancehome.com/resources/Basel-II/Articles/abstract17844.html Flat rates of interest may not be given to the customers on their loans once a new pricing approach called risk-based pricing takes place. Under this new system, different interest rates may be set not just based on different portfolios of loans but also different types of customers. The more creditworthy consumers who show, among other things, that they can repay promptly and do not over-borrow, will likely obtain better interest rates. This also depends on the banks they use, as banks with more efficient capital and risk management will be able to give lower rates. http://www.compliancehome.com/resources/Basel-II/Articles/abstract17844.html Thu, 28 May 2009 00:00:00 CST http://www.compliancehome.com/resources/Basel-II/Articles/abstract17843.html The legal regulatory framework during the period of the 1970s to the early 1980s, permitted formation of merchant banks and building societies with much ease. The firewall between banking, insurance, money management and other financial services was eroded, giving rise to http://www.compliancehome.com/resources/Basel-II/Articles/abstract17843.html Tue, 26 May 2009 00:00:00 CST http://www.compliancehome.com/resources/Basel-II/Articles/abstract17831.html The most remarkable period of global financial market turmoil followed by the most astounding government intervention in the world since the Great Depression has been witnessed in last few months. There were unprecedented coordinated actions by central banks around the world to cut interest rates, guarantee bank deposits and raise guarantee limits in a bid to address the financial market turmoil. http://www.compliancehome.com/resources/Basel-II/Articles/abstract17831.html Thu, 21 May 2009 00:00:00 CST http://www.compliancehome.com/resources/Basel-II/Articles/abstract17812.html The basic argument against the government's involvement in the banking industry is that it somehow intrudes in the private sector. Critics of the bailout programs say the free markets should determine which banks survive, which fail, how much banks should lend and how much bankers should be paid.However, that argument has a crucial flaw: banking isn't a private enterprise. http://www.compliancehome.com/resources/Basel-II/Articles/abstract17812.html Thu, 21 May 2009 00:00:00 CST http://www.compliancehome.com/resources/Basel-II/Articles/abstract17811.html The second largest public sector lender,Punjab National Bank (PNB), has posted a 45.11 per cent jump in its fourth quarter net profit mainly due to the rise in other income. The lender has posted a consolidated net profit of Rs 3,197 crore in January-March 2009, compared with Rs 2,203 crore in the corresponding period in 2007-08. During the quarter, other income increased 46 per cent to Rs 2,912 crore as against Rs 1,993 crore in January-March 2008. http://www.compliancehome.com/resources/Basel-II/Articles/abstract17811.html Thu, 21 May 2009 00:00:00 CST http://www.compliancehome.com/resources/Basel-II/Articles/abstract17810.html The worlds leading banking watchdog has given a damning indictment of the stress testing procedures adopted by global banks, accusing senior management of being unable to gauge risk exposure and of dismissing potentially heavy losses as implausible. http://www.compliancehome.com/resources/Basel-II/Articles/abstract17810.html Wed, 20 May 2009 00:00:00 CST http://www.compliancehome.com/resources/Basel-II/Articles/abstract17790.html State Street has begun selling $1.5bn in stock and will sell at least $500m in senior debt as part of the financial services groups plan to repay money received under the USs troubled asset relief programme (Tarp). It is the latest in the big round of capital-raising by financial institutions following the Treasury-administered stress tests. http://www.compliancehome.com/resources/Basel-II/Articles/abstract17790.html Mon, 18 May 2009 00:00:00 CST http://www.compliancehome.com/resources/Basel-II/Articles/abstract17780.html It is expected that Bangladesh will be implementing the Basel-II framework for non-banking financial institutions (NBFIs) by the end of 2010 in keeping with the global standard, officials said. A seven-member committee, headed by senior Deputy Governor of the Bangladesh Bank (BB), the country's central bank, Nazrul Huda, has already been formed to implement Basel-II framework for the NBFIs. http://www.compliancehome.com/resources/Basel-II/Articles/abstract17780.html Mon, 18 May 2009 00:00:00 CST http://www.compliancehome.com/resources/Basel-II/Articles/abstract17756.html BMB Investment Bank said that since the end of the first quarter of the year both market conditions and performance had improved significantly.The bank now expects this upturn to have a positive impact on the private equity industry as a whole and on the bank's own investment portfolio. http://www.compliancehome.com/resources/Basel-II/Articles/abstract17756.html Mon, 18 May 2009 00:00:00 CST http://www.compliancehome.com/resources/Basel-II/Articles/abstract17753.html Fitch Ratings India and Canara Bank have signed a Memorandum of Understanding (MoU) for Bank Loan Ratings. Under this MoU, Fitch will assign ratings to Canara Banks loans and other exposures extended to both its existing and potential borrowers. Under the standardised approach of the Reserve Bank of India's (RBI) New Capital Adequacy Framework for Basel II, Bank Loan ratings from Fitch would enable Canara Bank to assign the appropriate risk weights applicable to its borrowers. The risk weights would be linked to the various rating categories and would be in line with RBI's Basel II guidelines. The MoU between Fitch Ratings India and Canara Bank would assist in implementing RBI's New Capital Adequacy Framework under Basel II. http://www.compliancehome.com/resources/Basel-II/Articles/abstract17753.html Thu, 14 May 2009 00:00:00 CST http://www.compliancehome.com/resources/Basel-II/Articles/abstract17746.html The global economy has reached a turning point, says the normally cautious eurozone central bank president, Jean-Claude Trichet, as new economic data released on Monday (11 May) suggest additional evidence of tentative green shoots of economic recovery. http://www.compliancehome.com/resources/Basel-II/Articles/abstract17746.html Tue, 12 May 2009 00:00:00 CST http://www.compliancehome.com/resources/Basel-II/Articles/abstract17732.html European Central Bank President Jean- Claude Trichet, who chaired a meeting of global central bankers , said policy makers see first signs of an economic recovery. As far as growth is concerned, were around the inflection point in the cycle, thats the sentiment, Trichet said today at a press conference at the Bank for International Settlements in Basel, Switzerland. A number of recent reports are encouraging, but its no time for complacency. http://www.compliancehome.com/resources/Basel-II/Articles/abstract17732.html Tue, 12 May 2009 00:00:00 CST http://www.compliancehome.com/resources/Basel-II/Articles/abstract17731.html On May 11, the Second China-UK Economic and Financial Dialogue was held. After the dialogue, the two sides released a communique to introduce policy outcomes. The full text of the communique is as the following:Session I: Supporting Economic Growth and Welfare. http://www.compliancehome.com/resources/Basel-II/Articles/abstract17731.html Mon, 11 May 2009 00:00:00 CST http://www.compliancehome.com/resources/Basel-II/Articles/abstract17710.html The country's biggest lender SBI, boosted by higher earnings from interest and other incomes, posted about 45.62 per cent growth in net profit at Rs 2,742.31 crore for the March quarter of past fiscal. Sounding bullish on business growth this fiscal, SBI Chairman O P Bhatt while announcing the results said deposits and advances are likely to grow by 25 per cent each. http://www.compliancehome.com/resources/Basel-II/Articles/abstract17710.html Thu, 07 May 2009 00:00:00 CST http://www.compliancehome.com/resources/Basel-II/Articles/abstract17691.html European Union banks will get stricter oversight, higher capital requirements and curbs on financial engineering in an overhaul approved today by lawmakers responding to the global credit crisis.The European Parliament in Strasbourg, France, voted 454- 106 to complete an agreement with the EUs 27 countries and put the law into force in 2011. Banks will have to keep a 5 percent stake in loans or other assets they package into securities for sale to investors, putting strictures on structured finance deals blamed for encouraging lax lending. http://www.compliancehome.com/resources/Basel-II/Articles/abstract17691.html Thu, 07 May 2009 00:00:00 CST http://www.compliancehome.com/resources/Basel-II/Articles/abstract17690.html Sheila Bair , Chairman Federal Deposit Insurance Corporation (FDIC) said in testimony before the Senate Banking Committee that policymakers may want to consider a more 'nuanced and granular' approach to Basel I banking regulations when addressing the so-called 'too big to fail' problem. Inherent in Basel I's successor, Basel II, was the concept that financial institutions could operate and manage risk under smaller capital requirements by virtue of being larger, more complex and more diversified, Bair said. 'In hindsight, it is now clear that the international regulatory community over-estimated the risk mitigation benefits of diversification when they set minimum regulatory capital requirements for large, complex financial institutions,' she said. http://www.compliancehome.com/resources/Basel-II/Articles/abstract17690.html