TITLE IV
RELATIONS WITH THIRD COUNTRIES
Section 1
Notification in relation to
third countries ' undertakings and conditions of access to the
markets of these countries
Article 38
1. Member States shall not
apply to branches of credit institutions having their head office
outside the Community, when commencing or carrying on their
business, provisions which result in more favourable treatment than
that accorded to branches of credit institutions having their head
office in the Community.
2. The competent
authorities shall notify the Commission and the European Banking
Committee of all authorisations for branches granted to credit
institutions having their head office outside the Community.
3. Without prejudice to
paragraph 1, the Community may, through agreements concluded with
one or more third countries, agree to apply provisions which accord
to branches of a credit institution having its head office outside
the Community identical treatment throughout the territory of the
Community.
Section 2
Cooperation with third
countries ' competent authorities regarding supervision on a
consolidated basis
Article 39
1. The Commission may
submit proposals to the Council, either at the request of a Member
State or on its own initiative, for the negotiation of agreements
with one or more third countries regarding the means of exercising
supervision on a consolidated basis over the following:
(a) credit institutions the
parent undertakings of which have their head offices in a third
country; or
(b) credit institutions
situated in third countries the parent undertakings of which,
whether credit institutions or financial holding companies, have
their head offices in the Community.
2. The agreements referred
to in paragraph 1 shall, in particular, seek to ensure the
following:
(a) that the competent
authorities of the Member States are able to obtain the information
necessary for the supervision, on the basis of their consolidated
financial situations, of credit institutions or financial holding
companies situated in the Community and which have as subsidiaries
credit institutions or financial institutions situated outside the
Community, or holding participation in such institutions; and
(b) that the competent
authorities of third countries are able to obtain the information
necessary for the supervision of parent undertakings the head
offices of which are situated within their territories and which
have as subsidiaries credit institutions or financial institutions
situated in one or more Member States or holding participation in
such institutions.
3. Without prejudice to
Article 300(1) and (2) of the Treaty, the Commission shall, with the
assistance of the European Banking Committee, examine the outcome of
the negotiations referred to in paragraph 1 and the resulting
situation.
Certified Basel ii Professional (CBiiPro)
Basel ii Distance learning and online certification program
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
MORE INFORMATION
ABOUT THE OFFICIAL PRESENTATIONS
We will send you
3 emails.
The first email
(704 slides) covers all the presentations that are
needed for the CBiiPro Exam. All the questions of the exam are
based on these slides.
We cover the Enhancements
to the Basel II framework, July 2009, Supplemental Pillar 2
Guidance
(Supervisory Review Process) from the Bank for
International Settlements
You can find the course
synopsis at:
www.basel-ii-association.com/Certified_Basel_ii_Professional.htm
The second and the third
emails cover the implementation of the Basel ii framework in the
United States of America and the European Economic Area. There
presentations are especially important for professionals working
in multinational or large financial organizations.
These
presentations are:
- Basel II in the United States of
America (235 slides)
- Regulatory Arbitrage after Basel
ii (233 slides)
- The Financial Conglomerates Directive
(183 slides)
- The Capital Requirements Directive of the
European Economic Area (426 slides)
The Capital
Requirements Directive (CRD) is the common framework for the
implementation of Basel ii in European Union. If you understand
the CRD, you can work not only for the implementation of the
Basel ii framework in the 30 countries of the European Economic
Area, but also around the world for multinational banks and
financial organizations with European operations.
The
presentations not only cover the European directives, but also
include topics like: Hedge Funds and the Capital Requirements
Directive, Securitization and the Capital Requirements
Directive.
QUESTION:
Why
in a Basel ii certification program we need to understand the
Financial Conglomerates Directive?
ANSWER:
Because we have a very different Basel ii
implementation in each of the following structures:
A. The
bank is the regulated entity at the head of the group
B. The
bank is under a mixed financial holding company (MFHC)
C. The
bank is under a financial holding company (FHC)
D. The bank
is under an insurance holding company (IHC)
Only the
first 704 slides (first email), that cover the Basel ii
principles, are needed for the exam.
To learn more:
www.basel-ii-association.com/Distance_Learning_Online_Certification.htm
