Risk Management Alert: What's Happening around the world

Basel Committee has been busy issuing guidelines. Here are some of the latest that may be worthwhile.

The internal audit function in banks - final document (http://www.bis.org/publ/bcbs223.htm)
This is a really good document that clearly defines the Internal Audit Function in Banks. As we are aware internal audit can be one of the most effective Risk Management elements and should be effective enough.

Monitoring indicators for intraday liquidity management - consultative document (http://www.bis.org/publ/bcbs225.htm)
Basel has identified a set of indicators that can help Banks monitor intra day liquidity.

Framework for dealing with domestic systemically important banks (http://www.bis.org/publ/bcbs224.pdf)
On the lines of globally Systematically important banks, Basel feels that local banks large enough to impact local economy should also be monitored by the local regulators. An insight on this framework.

Elsewhere, lots of price manipulation, LIBOR rigging, exits, resignations and the like. We may not know the depth of these malpractices, but one thing we do know is the best of the Banks with the best of the risk management systems do it. Is it greed or is it call of the survival during global recession and tuff times in Europe. We don’t know.

________________________
Manoj Jain
Director - RiskPro India Ventures Private Limited
M +91-98337 67114 |E manoj.jain@riskpro.in | W www.riskpro.in

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