Post From Dinar Updates
Chat Room Excerpts & Highlights
RCookie & Mr White News Time 7-18-16 Part 3 of 3
rcookie says():I HAVE POSTED THIS PREVIOUSLY BUT WORTY AGAIN IN UNDERSTANDING THE IMPORTANCE.....AND I PROMISE YOU THIS WILL BE ALL OVER DINARLAND.....WAY LATE...BUT NONE THE LESS
rcookie says():HANG TIGHT ...HERE IT IS...
rcookie says():Checklist Description
This checklist outlines the role, functions, and requirements of the Internal Capital Adequacy Assessment Process (ICAAP).
rcookie says():Understanding the Internal Capital Adequacy Assessment Process (ICAAP)
Under Basel II, ICAAP is a new requirement for financial institutions, requiring the following assessments:
Pillar I minimum capital requirements;
the extent of total stockholder funds required to meet a firm’s strategy and maintain minimum capital requirements;
ensuring that material risks of the firm are understood by its board, and that there is sufficient and appropriate risk management.
Four crucial elements in any ICAAP are:
assessment (identification and measurement) of the risks a bank is, or may be, exposed to;
application of mitigation techniques that may help to lower capital requirements;
role of the board of directors and management.
rcookie says():Pillar II requires that risks are presented to, and discussed by, the board to ensure its acceptance and understanding. Pillar II also requires a bank to maintain capital ratios and convince the regulator. Risk models and capital are only part of this.
A financial institution must also consider any other internal risks that the firm may face which may result in losses such as fraud, rogue trading, or strategy failure.
The preparation of a capital plan should incorporate all risks, and requires the cooperation of, and collaboration with, the finance, treasury, business, and risk departments. Capital plans are usually based on a firm’s forecasts for growth, given the maintenance of a capital ratio.
rcookie says():The ICAAP should be customized for each firm, taking into account the particular risks and information available. The process usually consists of the following stages:
Identifying risks—List all material risks, interview staff in relevant departments, and assess the probability of risks occurring.
Assessing capital—How much capital would a risk require?
Forward capital planning—Assess how the capital calculated from the capital assessment might be altered by its business plan, i.e. perform stress and scenario analyses.
Conclusion—What are the ranges of capital identified, and how much internal capital should a firm hold?
rcookie says():Managers should also consider the following risks:
interest rate risk;
pension obligation risk;
any other risks identified.
The ICAAP typically has the following structure:
background of the ICAAP process;
statement of firm’s attitude to risk;
stress and scenario testing;
adoption of the ICAAP.
rcookie says():Banks tend to calculate the capital buffer they hold by simply extrapolating figures from previous events, instead of using a forecast risk profile. The ICAAP should clearly distinguish between a company’s regulatory capital, its actual capital, and the capital it needs to hold for business purposes.
Using a newly developed ICAAP should provide firms with the best capital buffer required, and the best level of funds from stockholders.
Risks are often considered by a bank, yet are not always reflected in strategic options and capital planning. ICAAP requires stress and scenario analysis to demonstrate risks at an enterprise level.
Firm managers must show that ICAAP is an integral part of its processes and demonstrate that senior management both supports and is engaged in the ICAAP.
In addition, companies need to explain in detail how they will use the ICAAP as they move forward and how key risk indicators and economic capital indicators/assumptions can be updated and presented to the board of directors when required.
ICAAP is still in its early stages—companies are being encouraged to embrace the process for the sake of their business rather than for purposes of regulation. Management should understand the positive benefits and strive, through ICAAP, to make the business more efficient and less risky.
rcookie says():THIS IS ALSO INVOLVED IN LOI AS WELLAS PART OF THE CBI STARTEGIC PLAN FOUND ON CBI WEBSITE!!....
wmawhite says():Playing with the BIG BOYS!!!!
rcookie says():BIG BOY PANTS IN THE BIG BOY SANDBOX!!....
david334 says():who put those structures together There is so much sophistocation
wmawhite says to david334():Outside influence???
Dinar Dave says():cookie did in his spare time
wmawhite says to david334():Possibly..........Europe........North America
david334 says():I know cookie and the IMF ? guidence Thats amazing
rcookie says():THESE ARE PART OF THE GLOBAL BANKING STANDARDS THAT IRAQ HAS NEVER BEEN ON PAR WITH UNTIL NOW......NOT 1 YEAR..3 YEARS...5NYEARS AGO...
rcookie says():COMPLETELY AMAZING PROGRESS...
rcookie says():AND AGAIN PREREQUISITE TO THE RECRUITMANT...CAPTURE AND MAINTENANCE OF SOPHISTICATED INTERNATIONAL BUSINESS AND INVESTMENT...
Hutch says():BASRA GOVERNATE COUNCIL PROPOSES ESTABLISHMENT OF INTERNATIONAL CONFERENCE TO SUPPORT IRAQ’S ECONOMY UNDER AUSPICES OF UNITED NATIONS
wmawhite says():They know that they are getting ready to boom and they want to ensure it is in compliance with the UN
rcookie):MR WHITE.....SO.....BASRA UNDER AUSPICES OF UNITED NATIONS IS ESTABLISHING INT'L CONFERENCE TO FUNNEL INT'L BUSINESS INTO REGION......
wmawhite says to rcookie):Can you say hello to the EU?
wmawhite says to rcookie():85+ companies
wmawhite says to rcookie():during 2016.......not 2017
rcookie says to wmawhite():YES SIR....
Idaho says():What about thieft risk...its what they do best
rcookie says():IT IS...HOWEVER UNDER THE MICROSCOPE OF SO MANY INT'L AGENCIES.....
rcookie says():AND THEY OBVIOUSLY NEED TO REBRAND.....
wmawhite says to Idaho():Do you think that the companies moving into Iraq are aware of that?
rcookie says():INSTILL CITIZEN CONFIDENCE AS WELL AS GLOBAL CONFIDENCE AND ..........S T A B I L I T Y !!!!
rcookie says to wmawhite():AND PORT OF FAW OPERATIONAL AT BEGINNNING OF 2017
Hutch says():WHAT A GREAT NEWSTIME ..... TUNE INTO "AFTER CHAT LIVE" !
Read More :http://www.dinarupdates.com/showthread.php?37208-Newstime-with-rcookie-mr-white-7-18-2016
Post From Dinar Updates
Chat Room Excerpts & Highlights
Questions / Comments / Chat After Newstime:
Dr dave says():with the the courts issuing arrest warrants about 2 weeks ago to the GOI ...we never here of names or hear of any handcuffs
Hutch says to Dr dave():REPHRASE PLEASE
Dr dave says():the courts issued 6 arrest warrants against a bunch of MPs 2 weeks ago to the GOI...they often release warrants but with any names ever attached...what is a warrant?
Dr dave says():My name is Misha Jubouri.....I have recieved millions in bribes.......and later goes on to front the reformists?
Dr dave says():Mishan...oops too many Jubouris
Drewsters Millions says():Abadi got put into office? what was the date?
dale says():Do you think possibly Sadr is telling the Demonstrators your on your own but privately saying something else?
Hutch says to dale():WHAY DO YOU MEAN?
Hutch says to dale():WHAT DO YOU MEAN?
dale says():Didn't Sadr tell the citizens he wasn't goning back the protests? .... if not please disreguard ...
david334 says to Hutch():Hutch please don't forget me you dont have to do it on the air, but I want him to get my feedback on his reality check thats whats makes a great analyst.
Hutch says to david334():SEND IT AGAIN AND I WILL RELAY
Hutch says():ANY OTHER QUESTIONS ???????
Hutch says():OK...... I'LL ASK MY OWN LOL
Drewsters Millions says():comments on Toyota
Hutch says to Drewsters Millions():OK......
Hutch says to Drewsters Millions():WHAT COMMENTS?
david334 says to Hutch():good job. This group is the only refined effort in place. It has the high moral, professional and analytical high road road.
Drewsters Millions says():i heard Toyota is moving into iraq? any comments on that,any verification?
Hutch says to Drewsters Millions():OK
Hutch says to Drewsters Millions():WHERE DID YOU HEAR THAT? IS THERE A LINK?
Drewsters Millions says():facebook
Hutch says to Drewsters Millions():CAN YOU GRAB IT? WAS IT AN ARTICLE?
david334 says to Hutch():Has Ergedon blown his foot off ?
Drewsters Millions says():looking for it
Hutch says to Drewsters Millions():(y)
david334 says to Hutch():Cookie ICAP amazing
BGG says to david334():No - not yet... Erdogan has just staged the biggest farce in ME history.
BGG says to david334():he has been planning on taking over the Turkish military for a while. He's been on the ropes big time... his best option was get control of the military. End of story.
BGG says to david334():There is NO WAY 103 Generals and Admirals and 6,000 military personnel were involved and they violate all the most basic rules of combat... not remotely logical...
subgirl says():I sure like that performance review!!! WOW!!! :) in the next couple of weeks!
BGG says to david334):this was all Erodgan.
david334 says to BGG():I was thinking about his NATO relationship which he of all people needs. Gullen Lives the poconos but he said it was staged. You are the best and right on. Great great people class act
Read More :http://www.dinarupdates.com/showthread.php?37143-Monday-July-18-2016/page2