Released on = December 28, 2006, 3:01 pm

Press Release Author = Compliance LLC

Industry = Education

Press Release Summary = Compliance LLC today announced that it has launched two new
web sites and a 5 days course in Capital Requirements Directive, the common
framework for the implementation of Basel ii in the European Union

Press Release Body = 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 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. We 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 our Consulting and Training Catalog
www.compliance-llc.com/Basel_ii_and_Sarbanes_Oxley_Training_and_Consulting_Catalog.pdf

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



Web Site = http://www.compliance-llc.com

Contact Details = Lyn Spooner
1220 N. Market Street Suite 804
Wilmington , 19801
$$country

+13023428828
lyn@compliance-llc.com
http://www.compliance-llc.com