GMP Technical Solutions Pvt. Ltd., Badd, Wooden Doors & Modular Kitchen
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Manufactures of Wooden Door, Modular Kitchen, Metal Door, Metal Doorset, Spider Glazing, Glass & Office Partition, Casement Window, Sliding Window, Cleanroom Door, Cleanroom Equipment, HVAC Control System, etc.
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Basel Committee on Banking Supervision: Bank principles for effective risk da...
The Basel Committee, which creates regulations for banks, has published a set of principles regarding effective risk data aggregation and risk reporting, which will provide a fantastic business case for risk professionals to improve their risk frameworks. I’ve included highlights below, but you can take a look at the full report here.
The principles for effective risk data aggregation and risk reporting will be mandatory for globally systemically important banks (G-SIBs) from 2016, and the Basel Committee recommends that national regulators make them mandatory for domestically systemically important banks (D-SIBs). There are currently 29 G-SIBs, and D-SIBs will probably be the top four or five largest and/or most complex banks in each country. Beyond this, I believe the principles in the Basel document will become an industry standard by which all banks will be assessed by institutional investors and during due diligence processes for mergers and acquisitions.
The Basel Committee’s principles cover four closely related topics, and are common sense, though not easily attainable:
• Overarching governance and infrastructure
• Risk data aggregation capabilities
• Risk reporting practices
• Supervisory review, tools and cooperation
A couple excerpts from the report that will resonate with most practitioners explain why the principles are necessary. These explanations will come in handy as ‘I-told-you-so’ introductions to many a business case for the next steps in enterprise/integrated risk management frameworks and in business analytics at group level (because it’s ultimately the board and senior management that own this challenge):
•Ensure that management can rely with confidence on the information to make critical decisions about risk.
•Accurate, complete and timely data is a foundation for effective risk management. However, data alone does not guarantee that the board and senior management will receive appropriate information to make effective decisions about risk. To manage risk effectively, the right information needs to be presented to the right people at the right time. Risk reports based on risk data should be accurate, clear and complete. They should contain the correct content and be presented to the appropriate decision-makers in a time that allows for an appropriate response.
The list of globally systemically important banks, it is created by the Financial Stability Board, and can be found at: http://www.financialstabilityboard.org/publications/r_121031ac.pdf. This latest list was created in Nov 2012 and will be updated again in Nov 2013.
For more information please contact marketing@secondfloor.com
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Automation Control Equipment By Dura Control Systems
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(https://www.kentinternational.in/)We are engaged in the fabrication and supply of a wide assortment of home furnishing products and drapery solutions. These home furnishing products are manufactured from industry best materials, procured from reliable and certified vendors. Due to their qualitative diversified features, our home furnishing products have widespread application in the domestic and commercial arena. Our range of home furnishing products includes window blinds, vertical blinds, chic blinds, roller blinds, curtain rods, window awnings, outdoor canopies, PVC flooring, PVC carpet and paper bags.
Home Furnishing Products By Kent International
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Basel Committee on Banking Supervision: Bank principles for effective risk da...
The Basel Committee, which creates regulations for banks, has published a set of principles regarding effective risk data aggregation and risk reporting, which will provide a fantastic business case for risk professionals to improve their risk frameworks. I’ve included highlights below, but you can take a look at the full report here.
The principles for effective risk data aggregation and risk reporting will be mandatory for globally systemically important banks (G-SIBs) from 2016, and the Basel Committee recommends that national regulators make them mandatory for domestically systemically important banks (D-SIBs). There are currently 29 G-SIBs, and D-SIBs will probably be the top four or five largest and/or most complex banks in each country. Beyond this, I believe the principles in the Basel document will become an industry standard by which all banks will be assessed by institutional investors and during due diligence processes for mergers and acquisitions.
The Basel Committee’s principles cover four closely related topics, and are common sense, though not easily attainable:
• Overarching governance and infrastructure
• Risk data aggregation capabilities
• Risk reporting practices
• Supervisory review, tools and cooperation
A couple excerpts from the report that will resonate with most practitioners explain why the principles are necessary. These explanations will come in handy as ‘I-told-you-so’ introductions to many a business case for the next steps in enterprise/integrated risk management frameworks and in business analytics at group level (because it’s ultimately the board and senior management that own this challenge):
•Ensure that management can rely with confidence on the information to make critical decisions about risk.
•Accurate, complete and timely data is a foundation for effective risk management. However, data alone does not guarantee that the board and senior management will receive appropriate information to make effective decisions about risk. To manage risk effectively, the right information needs to be presented to the right people at the right time. Risk reports based on risk data should be accurate, clear and complete. They should contain the correct content and be presented to the appropriate decision-makers in a time that allows for an appropriate response.
The list of globally systemically important banks, it is created by the Financial Stability Board, and can be found at: http://www.financialstabilityboard.org/publications/r_121031ac.pdf. This latest list was created in Nov 2012 and will be updated again in Nov 2013.
For more information please contact marketing@secondfloor.com
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Tata Group Dials Taiwan for Its Chipmaking Ambition in Gujarat’s Dholera
The Tata Group, a titan of Indian industry, is making waves with its advanced talks with Taiwanese chipmakers Powerchip Semiconductor Manufacturing Corporation (PSMC) and UMC Group. The goal? Establishing a cutting-edge semiconductor fabrication unit (fab) in Dholera, Gujarat. This isn’t just any project; it’s a potential game changer for India’s chipmaking aspirations and a boon for investors seeking promising residential projects in dholera sir.
Visit : https://www.avirahi.com/blog/tata-group-dials-taiwan-for-its-chipmaking-ambition-in-gujarats-dholera/
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