COURTNEY CHRISTIE-VEITCH CARTAC Credit Union Regulator’s Meeting and Workshop Kingstown, St....
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Transcript of COURTNEY CHRISTIE-VEITCH CARTAC Credit Union Regulator’s Meeting and Workshop Kingstown, St....
COURTNEY CHRISTIE-VEITCHCARTAC
Credit Union Regulator’s Meeting
and WorkshopKingstown, St. Vincent
August 20-22, 2014
Update on Basel II Implementation in the Caribbean: Convergence of BCPs and
Basel II
Background: The BCPs
Core Principles for Effective Banking Supervision: Flexible and globally applicable Based on the concept of proportionality Minimum standards for sound prudential regulation and
supervision for banks and banking systems and benchmark for Credit Union Supervision
Originally issued by BCBS in 1997
Uses Used by countries to assess the quality of supervisory
systems Used to identify future work to achieve baseline level for
sound supervisory practices Used by IMF and World Bank for FSAP purposes
Background: The BCPs
Structure of BCPs Supervisory powers, responsibilities and functions
Objectives Independence Powers Responsibilities
Prudential regulations and requirements/Supervisory expectations of banks Adequate Capital to cover risks Good corporate governance Good risk management processes and internal controls Compliance with supervisory standards
Prudential Supervision and Regulation
Core Principles 1 – 13
Basel Core Principles Supervisory Powers, Responsibilities and
Functions
Basel Core Principles Supervisory Powers, Responsibilities and
Functions
Basel Core Principles Supervisory Powers, Responsibilities and
Functions
Basel Core Principles Supervisory Powers, Responsibilities and
Functions
Prudential Supervision and Regulation
Core Principles 14 – 29
Basel Core Principles Prudential Regulations and Requirements
Basel Core Principles Prudential Regulations and Requirements
Basel Core Principles Prudential Regulations and Requirements
Basel Core Principles Prudential Regulations and Requirements
Basel Core Principles Prudential Regulations and Requirements
Basel Core Principles Prudential Regulations and Requirements
The Basel Capital Framework
Comparison between Basel II and the Basel Core Principles (Revised and 2006 Versions)
Supervisory Powers, Responsibilities and Functions
Supervisory Powers, Responsibilities and Functions
Supervisory Powers, Responsibilities and Functions
Prudential Regulations and Requirements
Prudential Regulations and Requirements
Prudential Regulations and Requirements
The End
Thanks for your participation
Any Questions??