New Basel ii Course for Banking Supervisors

Wilmington, DE, June 28, 2006 --(PR.com)-- Compliance LLC (www.compliance-llc.com), a leading international provider of Sarbanes Oxley and Basel ii consulting and training, announced the addition of a new one day presentation for professionals working for regulatory bodies and supervisory agencies, that face the challenge to understand, review and approve corporate actions and changes coming from the implementation of the new Basel Accord.

“The challenge for supervisory authorities is how to implement the new Basel ii standards in their regimes, and how to ensure that banks are able to use their internal systems to measure their risk and allocate capital for that risk” said George Lekatis, General Manager and Chief Compliance Consultant of Compliance LLC. “This one day presentation and discussion has been designed to help supervisors understand their new challenges and responsibilities. It is also highly recommended for the board of directors and executive management of banks and financial organizations, in order to understand what they will have to prove to their supervisors.”

George Lekatis developed the presentation and will lead the classes. He has more than 16,000 hours of teaching experience, leading classes from the States to London, to Dubai, to Singapore. He said: “During the presentation, we will have the opportunity to discuss:

• The management’s and the board’s responsibility: Basel ii and the new supervisory review process
• Core Principles for Effective Banking Supervision
• Analysis of the twenty five basic principles for a supervisory system to be effective
• Lessons learned
• The framework of objectives and responsibilities for the agencies involved in banking supervision
• The licensing process, the ownership structure and the scope of business of banks and banking groups
• Identification of the various types of risk confronting a bank, and ways of ensuring that these risks are properly monitored and controlled
• Quantitative and qualitative supervisory guidelines
• On- site examinations
• Investigation of specific areas, review of operations, assessment how an institution is managed and controlled
• Adequacy of systems of internal control.
• Off-site reviews
• Meetings
• Co-operation with internal and external auditors
• Analysis of reports and returns from banks and their affiliated entities, on a consolidated and individual basis
• Supervisory power for corrective actions if banks fail to meet the standards
• The roles of home and host supervisors
• Supervision on a global consolidated basis - sharing information with other supervisors
• Core Principles for Effective Banking Supervision and supervisory self assessments
• Self Assessment: Examples
• Implications for a country's credit rating (and the cost of funding on international markets)
• Pillar 2: Supervisory Review Process
• Supervisory Review Process Principles
• Pillar 3: Disclosures
• Practical Application of Basel II Accord

“It will be a very interesting and challenging day” said George Lekatis. “I have already led Basel ii classes for credit, market and operational risk professionals, boards and executive management in more than 20 countries. This presentation for supervisors is really important, as it will cover the Basel ii implementation problems from another point of view”

After a needs analysis, the presentation can be customized to meet specific needs.

For further information, contact Lyn Spooner, E-mail: lyn@compliance-llc.com, Tel: +1 (302) 342-8828 Ext 1, or George Lekatis, E-mail: lekatis@Compliance-LLC.com, Tel: +1 (302) 342-8828 Ext 5.
Web: www.compliance-llc.com
Basel ii Training: www.basel-ii-training.com
The new Consulting and Training Services Catalog:
http://www.compliance-llc.com/ComplianceLLCConsultingTrainingServices.pdf

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