Regulation

An accessible and highly practical guide to the problems faced when complying with the expensive SOX regulations - enacted by the SEC and PCAOB - to implement the Sarbanes-Oxley Act. You will benefit from in-depth guidance derived from the pain points in hundreds of SOX implementation projects.

Around the world, central bankers, regulators and governments have responded to the financial crisis with new regulation and legislation. The cornerstone of this global initiative to contain risk is Basel III – sweeping new regulatory standards for banks on capital adequacy and liquidity.

These new standards will define markets and their practices for decades to come. Already, they are reshaping institutions, business models and balance sheets.

Understanding Basel III and the thinking behind it is essential for market participants and for those charged with implementing the standards. In Basel III and Beyond, the first book-length treatment of Basel III, editors Mario Quagliariello of the European Banking Authority and Francesco Cannata of the Bank of Italy have assembled contributors from regulators and central banks involved in preparing the standards including a foreword from Mario Draghi, President of the European Central Bank.

Key chapters describe and analyse the new elements of Basel III, as well as detailing important revisions to the 2004 accord. Written by the regulators themselves, Basel III and Beyond is the essential guide to the new global banking standards.

The financial crisis that began in 2007 has led to a sea-change in the regulation of the banking and insurance sectors. The impact of the economic environment and the regulatory changes on financial institutions is unprecedented.  In response to the deficiencies in financial regulation revealed by this crisis, the Basel Committee on Banking Regulation set their global regulatory standards for banks in stone in the form of the Basel III guidelines, published in December 2010.

Insurance companies, which are increasingly regulated like banks, have been implementing the Solvency II Directive in Europe or its components in North America (which are considered parallel to the Basel guidelines). Both the banking and insurance sectors will be affected by Phase II of The International Financial Reporting Standard (IFRS), providing common ground between the two. Adapting to Basel III and the Financial Crisis presents an integrated view of these two industries, providing the reader with a comprehensive guide to the complexities of the new regulations while focusing on solutions rather than problems.

The strategic profile of Chief Risk Officer (CRO) and Chief Compliance Officer (CCO) is rising and CROs and CCOs increasingly report directly to the board or CEO. Their higher profile has increased pressure on them to improve risk management initiatives and has resulted in greater demand for EGRC software. To achieve their goals, firms need robust technology systems. This report covers the specific technologies required for firms to improve their GRC processes, including enterprise GRC platforms, continuous monitoring and assessment functionalities, collaborative feedback systems, policy and procedure management, regulatory change management, and real-time risk intelligence.

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