Capital Requirements Directive Training: The Basel ii Implementation in EU, by Compliance LLC

Wilmington, DE, January 04, 2007 --(PR.com)-- Compliance LLC, a leading provider of Basel ii and Sarbanes Oxley training and consulting in more than 30 countries, today announced the launch of two new web sites, www.capital-requirements-directive.com and www.capital-requirements-directive-training.com, that are focused on the implementation of Basel ii in the European Union.

“Basel II is a best practice. It is an Accord, not an Act. A general framework that gives many levels of freedom to national supervisors. The Basel Committee does not possess any formal supranational supervisory authority, and its conclusions do not have legal force,” said George Lekatis, General Manager and Chief Compliance Consultant of Compliance LLC. “Basel ii will be implemented in the European Union via the Capital Requirements Directive (CRD), which is legally binding for every member state of the European Union. It is very important to understand Basel ii, the framework, but it is equally important to learn how to implement this framework in each country.”

“If you visit the web site www.capital-requirements-directive.com you will find the text sections of the accord in an easy to read format,” said Lyn Spooner, Marketing Manager of Compliance LLC. “Our second new web site, www.capital-requirements-directive-training.com, contains the course synopsis of our new training course with the title: “Basel ii and Capital Requirements Directive Training: The new Basel Accord (Basel ii) and the implementation in the European Union via the Capital Requirements Directive (CRD).” The seminar has been developed by George Lekatis and provides with the knowledge and skills needed to understand and support Basel II compliance in EU” continued Lyn. 

“This directive is making significant changes to two existing directives that were implementing Basel I in EU: The Banking Consolidation Directive and the Capital Adequacy Directive,” said George Lekatis. “Financial institutions have to persuade their regulators (and the more and more powerful rating agencies) that not only they have allocated capital for their risks, but also they have implemented best risk management and governance practices. There are also a lot of challenges. In Sarbanes-Oxley, there are only two different implementations: One for US domestic companies and one for foreign (no US) companies. In Basel II, in 100 countries we have 100 different implementations. Fortunately, we will have fewer differences among the EU countries because of the Capital Requirements Directive, this great opportunity for consistency and harmonization.”

About Compliance LLC
Compliance LCC is a leading international provider of Basel ii and Sarbanes Oxley training and consulting. They work in more than 30 countries, providing excellent personalized solutions to companies and organizations of the private and the public sector.

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 sites include:
www.compliance-llc.com
www.basel-ii-accord.com
www.basel-ii-training.com
www.capital-requirements-directive.com
www.capital-requirements-directive-training.com
www.sarbanes-oxley-training.com
www.sarbanes-oxley-act.biz

Download their Consulting and Training Catalog
www.compliance-llc.com/Basel_ii_and_Sarbanes_Oxley_Training_and_Consulting_Catalog.pdf

Download their Compliance Training Catalog for Banks
www.compliance-llc.com/Basel_ii_and_Sarbanes_Oxley_Training_for_Banks_and_Financial_Organizations.pdf

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