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Basel iii
"The situation is going to get worse before it gets better
Regulators failed to regulate. They thought that excesses were
random and that the market would always come to an equilibrium.
They were adopting the wrong paradigm
We need a Basel III for a new order"
George Soros
Investor,
author, philanthropist and political activist
Mr Soros blamed regulation for the current crisis.
“It will have
to be reworked and we need a Basel III for a new order”
he
said. He believes that the Basel II agreement that governs how
banks have to maintain capital is totally misconceived.
"The financial
world changes all the time and those who supervise and regulate
the financial world have to be prepared to change too. So I do not
have any doubt that soon after Basel II is in place, we will have
to start to think about Basel III.
I do not like to say this to my colleagues in the Basel Committee
because they say “oh no, I have been up all night for years doing
Basel II”. But there is no doubt that the task will have to be
engaged"
Andrew Crockett
Former general manager of the Bank of International Settlements (BIS)
President of JP Morgan Chase International
Shortcomings in Basel ii
"Supervisors should, at a minimum, be aware of the increasing
sophistication with which banks are responding to the existing
regulatory framework"
Alan Greenspan, October 1998 (Alan
Greenspan was the chairman of the Board of Governors of the US
Federal Reserve System)
Basel II is much
better than Basel I. But, it does not mean that it is good enough.
There are some very serious shortcomings and has so many loose
ends.
Basel II is more risk sensitive than Basel I but it is NOT really
risk sensitive.
We do have a new risk, operational risk, but...
Reputational risk is not an operational risk
Systemic risk (disruption at a firm or a market segment causes
difficulties to other firms or market segments) is not an
operational risk
Strategic risk (the risk of losses or reduced earnings due to
failures in implementing strategy) is not an operational risk
To learn more you
may visit:
www.basel-iii-accord.com
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Become a
Certified Basel ii Professional (CBiiPro)
Basel ii Distance Learning and
Certification
The Cost:
US$ 297
What is included in this
price:
A.
The official presentations we use in our
instructor-led classes (1880 slides)
The
presentations have been updated after the Basel ii Amendment (July
2009, Enhancements to the Basel II framework, Supplemental
Guidance)
B. Up to 3 Online Exams
There is only
one exam you need to pass, in order to become a
Certified Basel ii
Professional (CBiiPro).
If you fail, you must study again
the official presentations, but you do not
need to spend money to try again. Up to 3 exams are included in
the price.
To
learn more you may visit:
www.basel-ii-association.com/Questions_About_The_Certification_And_The_Exams_1.pdf
www.basel-ii-association.com/Certification_Steps_CBiiPro.pdf
C. Personalized Membership Certificate printed in full colour.
Processing, printing, packing and posting to your office or home
To learn more:
www.basel-ii-association.com/Distance_Learning_Online_Certification.htm
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