Learning outcomes Fine-tune IFRS 9 before the first publication Learn how to prepare for and integrate the diverse requirements and guidelines on ECL modelling Interpret new Basel IV and IFRS 9 requirements in a model context Align IFRS Requirements and EBA-IRB-Guidelines Differentiate differences in parameterization from [...]
Continuing to address the risk of money laundering, let’s go to key controls upon the questions in last article: a) No matter what type of customer is, make sure you meet that person and make a surprise visit. Meeting that person will help you to confirm it exists and visiting by surprise will diminish the [...]
Either if you have addressed the risk of money laundering or not this information will help you to do it or improve it. First you’ve to understand that money laundering is no longer only done in the financial sector; it has expanded to other sectors such as trade based, football, art, etc. Although many countries [...]
In today’s world, all industrial environments are much safer than before. Despite many health and safety measures implemented in organizations, many accidents could still occur at any time. According to some surveys, Standardized rates of fatal injury across the 15 European Union Nations and the United Kingdom show a downward trend over the last decade. [...]
Fundamental Review of the Trading Book (FRTB) is a more coherent, consistent framework than the Basel 2.5 market risk capital framework. The FRTB is aimed at addressing the shortcomings of the Basel 2.5 with the intention of establishing a more realistic view of risk. That, in turn, is resulting in appropriate capital adequacy provisioning, [...]
One of the most expensive asset classes and expensive digital assets in the World right now is Bitcoin. The rise of Bitcoin in payment industry was fueled by the ability to make transactions in a very cheap, fast, and reliable manner. What initially started as Bitcoin had expanded into a list of over 900 crypto-currencies [...]
After Basel III went into effect, the Basel Committee wanted to revisit transparency and consistency in risk measurements across approaches, jurisdictions, and banks. As a result Basel IV was introduced. It is how detractor banks describe the second wave of proposals, as these came later and somewhat unexpectedly, unlike the Basel III draft rules. The [...]
If you are a banker, a key decision maker in the financial sector or involved in financial reporting, you must be aware that in July 2014 the International Accounting Standards Board (IASB) issued the final version of IFRS 9 Financial Instruments, which replaces International Accounting Standard 39 (IAS 39). This new standard has an effective [...]
If you are one of those people that think that the code of conduct is just another paper the company issues, you are wrong. The code sets the rules for all the people who work for a company about how they should behave; it says what is allowed and what is not. If you read [...]
In any organization, both the employer brand and the product brands need to be closely aligned in order to present your organization consistently and effectively. However, when some companies are taken into consideration, there is a clear disconnect between how they present themselves to the outside world and how their employees view the company [...]
