The new Basel
Accord (Basel ii) will be implemented in the European Union via the
Capital Requirements Directive (CRD)
Compliance LLC is a leading provider of Basel ii, Sarbanes
Oxley, MiFID, and compliance training, executive coaching and
consulting in more that 30 countries
The CRD is the common
framework for the implementation of Basel
ii in EU. This directive is making significant changes to two existing
directives that were
implementing Basel I:1. The Banking
Consolidation Directive
2. The
Capital Adequacy DirectiveIt is interesting
that the CRD allows for 'national discretions' in a number of areas.
This is the most important strength and weakness of Basel ii.We have new
standards for risk management...
...
and a much better understanding from the Boards of Directors and
senior management in issues related to risks.