CBI News 11/26/2017

[yota691]

Corporate Governance Guide for Banks

 

 November 26, 2017

 

Corporate Governance Guide for Banks ... To download click here

[Officiallytook]

 

[olivesman]

8 minutes ago, Officiallytook said:

 

Bumpity bump bump!

[captl1]

Thanks Yota and good morning

[Officiallytook]

5 hours ago, olivesman said:

Bumpity bump bump!

Exactly my friend, exactly 

[Michymateo2001]

Its not translated in english. Anybody wanna in a few words what it says??

[Laid Back]

This information is from the BIS (Bank of international settlements)

 

Effective corporate governance is critical to the proper functioning of the banking sector and the economy as a whole. While there is no single approach to good corporate governance, the Basel Committee's revised principles provide a framework within which banks and supervisors should operate to achieve robust and transparent risk management and decision-making and, in doing so, promote public confidence and uphold the safety and soundness of the banking system.

The Committee's revised set of principles supersedes guidance published by the Committee in 2010. The revised guidance emphasises the critical importance of effective corporate governance for the safe and sound functioning of banks. It stresses the importance of risk governance as part of a bank's overall corporate governance framework and promotes the value of strong boards and board committees together with effective control functions. More specifically, the revised principles:

• expand the guidance on the role of the board of directors in overseeing the implementation of effective risk management systems;
• emphasise the importance of the board's collective competence as well as the obligation of individual board members to dedicate sufficient time to their mandates and to keep abreast of developments in banking;
• strengthen the guidance on risk governance, including the risk management roles played by business units, risk management teams, and internal audit and control functions (the three lines of defence), as well as underline the importance of a sound risk culture to drive risk management within a bank;
• provide guidance for bank supervisors in evaluating the processes used by banks to select board members and senior management; and
• recognise that compensation systems form a key component of the governance and incentive structure through which the board and senior management of a bank convey acceptable risk-taking behaviour and reinforce the bank's operating and risk culture.

Looks like this is related with Basel III requirements.

 

Go CBI

Go new monetary policy 

Go RV

Go $1:1

[SnowGlobe7]

another step forward my dear friends!!!

[NEPatriotsFan1]

Nice! I think we really are going around the last bend on the roller coaster.... maybe a couple more dips but we are close to the station

[yota691]

Could be related, looks like it correlates...

Financing and economic transformation

27/11/2017 12:00 am   Haidar Kazem al-Baghdadi The transition towards a free economy must pass through the sterile stages of the difficulty of the reality of change and the cultures acquired for a long time established in the mind of certain types of patterns can not be changed  Easily . The work on changing the reality of the situation is gradually leading to convince the interviewer that the next better, and this of course needs to be coupled with something concrete is the starting point to demolish the pyramid of traditional ideas that do not   benefit from them.When we talk about work and develop its joints in all productive and service sectors, We are totally in need of funding for our work, which we have to implement at the conversion stage   we live in.  The responsibilities of the financial sector, especially the banking sector, which represents the most important axes of project implementation, are rife, because it finances all economic operations without exception  , which increases the responsibilities of all departments and makes them obliged to achieve development goals and change the form of work for the   best. The current stage requires standing up to the reality of banking, which must have the responsibility to support the process of sustainable economic development that it seeks in the presence of a banking system composed of nearly 70 banks and branches of foreign banks with a large capacity to support   development. The incentives for work require banks to own The banking systems are implemented on the ground and help to support the development process, in addition to supporting banks that have effective activities in the domestic market despite the challenges facing them. Iraqi banks in front of a large task, and this needs to have departments with a high level of responsibility and experience in the field An entity that enables it to complete its activities according to the objectives set for it in accordance with the instructions of the Central Bank of Iraq and the head of the pyramid and the father of the banking system in the country, which awaits a  promising economic future  . And evaluation is now a necessity to create competition within the banking system and diagnose the most prominent and make it in the forefront to be a catalyst for other banks, and in all cases competition is the basis of the advancement of the banking sector and make it close to the international banks and the products that support the development reality through what it   provides.

[Wiljor]

Laid Back, Yota I like these articles, perhaps 2018 is our year. 

[SnowGlobe7]

Wow Yota that is a really nice article

[steveh12]

Now Baby  Now!! 

[WheresmyRV?]

Excellent find Yota, you are the true master at sniffing out all these good articles! 

[Laid Back]

2 hours ago, Wiljor said:

Laid Back, Yota I like these articles, perhaps 2018 is our year. 

Thanks WIljor 👍🏼😊

 

Hail to yota

[yota691]

Prices of bullion and gold coins on Tuesday 28-11-2017

 November 26, 2017

 

[Freedomwish]

18 hours ago, Wiljor said:

Laid Back, Yota I like these articles, perhaps 2018 is our year. 

 

Keeping the faith!!