Basel ii Association Surpasses 200th Member Milestone
Released on = February 5, 2007, 8:40 am
Press Release Author = Basel ii Compliance Professionals Association
Industry = Financial
Press Release Summary = The Basel ii Compliance Professionals Association (www.basel-ii-association.com) provides compliance professionals with resources they need to better serve their organizations or clients, advance their careers, and reach a higher level of personal enrichment.
Press Release Body = The Basel ii Compliance Professionals Association (BCPA) surpassed a milestone today as its membership grew beyond 200 professionals. Established in May 2006, the BCPA has rapidly gained the support of managers and professionals from every corner of the world.
"We hope that we will attract our 1000th member by the end of 2007, making BCPA a very important and influential association. Membership is free" said George Lekatis, president of the Basel ii Compliance Professionals Association, general manager and chief compliance consultant of Compliance LLC
"Basel ii is undoubtedly the most difficult project I ever encountered. It is very complex, it requires high quality of data, the ability to satisfy the local supervisors, and it is an effort to predict an uncertain future. But, the most challenging task is suprisingly to understand what is Basel ii"
"Managers and professional having to implement Basel ii in the European Union, for example, have to read and understand:
1. The Basel ii papers from the Bank of International Settlements. It is impossible to avoid these papers, because it will be impossible to understand the requirements that follow.
2. The Capital Requirements Directive ( in fact there are two directives: 2006/48/EC and 2006/49/EC). Basel ii is an idea, a best practice. These directives describe what exactly we have to do in order to implement Basel ii in the European Union.
3. The guidelines from the Committee of European Banking Supervisors. An official interpretation of Basel ii as seen using the lenses of the Capital Requirements Directive. 4. The choices of the national supervisors. Basel ii gives many levels of freedom to each country, and professionals have to learn the "national discretions" and options.
5. Each bank\'s approaches, choices and options. We have very different Basel ii implementations even if we compare banks in the same country using the same approach.
6. The Home/Host challenges for capital allocation and supervision on a consolidated basis." continued George Lekatis, who leads Basel ii or Capital Requirements Directive / Basel ii classes in more than 30 countries.
The Basel ii Compliance Professionals Association (www.basel-ii-association.com ) provides compliance professionals with resources they need to better serve their organizations or clients, advance their careers, and reach a higher level of personal enrichment.
The members enjoy a growing set of benefits.
1. BCPA membership indicates your professional values and aspirations and signifies that you are dedicated to international standards and best practices in compliance.
2. We are constantly negotiating special services and discounts for members. As a community, we have the opportunity for preferred pricing on products and services, including conferences and training seminars.
3. Members receive 10% off specific training courses offered throughout the year by Compliance LLC (www.compliance-llc.com ) in more than 30 countries. Some restrictions apply. To learn more, kindly read our email sent to members.
For further information, contact Lyn Spooner, E-mail: lyn@basel-ii-association.com Tel: +1 (302) 342-8828 Ext 1, or George Lekatis, E-mail: lekatis@basel-ii-association.com Tel: +1 (302) 342-8828 Ext 5. To become a member you may visit our web site: www.basel-ii-association.com
Web Site = http://www.basel-ii-association.com
Contact Details = Lyn Spooner 1220 N. Market Street Suite 804 Wilmington , 19801 $$country
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