[millionday] so this is the compliance issues of compliance in the implementation of basel III
[millionday] Basel III implementation assessment programme At its September 2011 meeting, the Basel Committee agreed to commence a programme to review members' implementation of the Basel regulatory framework (which includes Basel II, Basel 2.5 and Basel III).
The Committee believes that full, timely and consistent implementation of the globally agreed rules are fundamental to raising the resilience of the global banking system, maintaining market confidence in regulatory capital ratios and providing a level playing field.
Full implementation of the reforms should help to reduce the probability and impact of future financial crises.
Read More Link On Right
The assessment programme is intended to provide further incentive for member jurisdictions to fully implement the standards within the agreed timelines.
The importance of the work has also been endorsed by the G20. As part of this process, the Committee published in October 2011 a first progress report on Basel III implementation.
Updates on Basel III implementation have been published on a regular basis, reflecting different levels of review that comprise the Committee's assessment programme.
Level 1: ensuring the timely adoption of Basel III
Level 2: ensuring regulatory consistency with Basel III
Level 3: ensuring consistency of outcomes
[millionday] it is international conformity brb with more -- it is important we understand
[millionday] The future Basel III implementation work will include Level 2 assessments for the Basel Committee's members as well as bank-level analysis for the trading and banking book. The findings of the assessment work may also inform policy work undertaken by the Committee.
millionday] this is the mandate
[millionday] The Committee on the Global Financial System is a central bank forum for the monitoring and examination of broad issues relating to financial markets and systems with a view to elaborating appropriate policy recommendations to support the central banks in the fulfillment of their responsibilities for monetary and financial stability.
In carrying out this task, the Committee will place particular emphasis on assisting the Governors in recognizing, analyzing and responding to threats to the stability of financial markets and the global financial system. More specifically, the Committee's primary objectives will be the following:
[millionday] note -- this is why all that have read what Basel is were very excited -- like me and you --- whoop whooop this is mandated by the Basel committees and for complete compliance smile
DocTaylor] so what is Iraq doing about this
[millionday] smile --- To seek to identify and assess potential sources of stress in the global financial environment through a regular and systematic monitoring of developments in financial markets and systems, including through an evaluation of macroeconomic developments;
To further the understanding of the functioning and underpinnings of financial markets and systems through a close monitoring of their evolution and in-depth analyses, with particular reference to the implications for central bank operations and broader responsibilities for monetary and financial stability;
To promote the development of well-functioning and stable financial markets and systems through an examination of alternative policy responses and the elaboration of corresponding policy recommendations.
[DocTaylor] nice but what is happening on their side.
[millionday] all about stable money and reality rates for the globe Whoooop WHoooop reality rates
[millionday] they announced yesterday that their banks are all Basel iii and Basel ii compliant
[faith1] millionday hal La Lu Ya !! Basel III means International !!
[millionday] they are not on Basel yet because of the set rates and the loan guarantees -- so that is what is left for implementation
[millionday] to be compliant ---------they have to have their reality rate for trade
[millionday] now they are working on loans which i will bring in just a sec
[millionday] In its analysis, the Committee should pay particular attention to the nexus between monetary and financial stability, to the linkages between institutions, infrastructures and markets, to the actual and potential changes in financial intermediation and to the incentive structures built into markets and systems.
The Committee should seek to increase the transparency of financial markets and systems by promoting the design, production and publication of statistics and other information by central banks - including through the BIS - and by recommending the adoption of appropriate disclosure standards by both the official and private sectors.
Where relevant, the Committee should also contribute to the development of an international consensus on sound principles and norms.
[millionday] The Committee is encouraged to co-operate with other national, supranational and international institutions with responsibilities for pursuing related objectives.
In particular, it shall co-ordinate its activities with other Basel-based committees, such as the Basel Committee on Banking Supervision and the Committee on Payment and Settlement Systems, in order to strengthen the overall effectiveness of the process
[millionday] so obviously this is great let me bring you the loan info -- let me add the link so you all can research on this if you like brb , www.bis.org brb with the loan info
[millionday] Banking expert said mock, Majid dispense ensure employee when granting loans to citizens, depend on the policy of the Bank itself.
Mock said (News Agency): the issue of the abolition of the warranty depends on the policy of the Bank loans may draw rules applicable to each bank, indicating that there are general rules of the Central Bank to all banks.
He said: it cannot be linked to the granting of loans with bank guarantees, noting that the company secure loans to ensure that part a little.
[millionday] And: the warranty depends on the policy of the Bank itself and on the size of the loan and the repayment period and the number of people benefiting from it, adding that the main problem is not a guarantee or warranty, but it is a loan to build the project and can project to block loan?.
Confirmed: that the security and political situation and economic development in the country are not allowed to grant loans without warranties or guarantees, pointing out that there are loans taken by a particular purpose agricultural or industrial, commercial or something else.
The House included all provinces when it initiated the law granting loans for the unemployed (20) million.
[millionday] not that i see in this - but my regular news is not in yet -- i am going to bring it about the bank when it does later -- so someone can post it
[millionday] that is all i can trust other that what i get so i will close this up with all this great news and post the bank when it comes in