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The Basel Committee on Banking Supervision explained the rationale for adopting this approach in a consultative paper issued in 2001. [3] Such an approach has two primary objectives - Risk sensitivity - Capital requirements based on internal estimates are more sensitive to the credit risk in the bank's portfolio of assets
Basel II is the second of the Basel Accords, which are recommendations on banking laws and regulations issued by the Basel Committee on Banking Supervision.It is now extended and partially superseded by Basel III.
In United States business law, a forward-looking statement or safe harbor statement is a statement that cannot sustain itself as merely a historical fact. A forward-looking statement predicts, projects, or uses future events as expectations or possibilities. These statements can often be misleading, as they can be mistaken for factual ...
The scope of pillar one is in-scope companies are the multinational enterprises (MNEs) with global turnover above 20 billion euros and profitability above 10% (i.e. profit before tax/revenue) calculated using an averaging mechanism with the turnover threshold to be reduced to 10 billion euros, contingent on successful implementation including ...
In the United Kingdom, a trust port is a port that is administrated as a trust by an independent statutory body set up by an Act of Parliament and governed by its own set of rules and statutes. [ 1 ] [ 2 ] This is in contrast to a private port, which is privately owned, and a municipal port, which is owned by the local authority .
The book outlines "17 simple rules of financial safety" and provides detailed commentary on their explanation and implementation. The chapter for Rule #11 is called "Build a Bullet Proof Portfolio for Protection" and makes a case for a diversified investment portfolio of stocks, bonds, cash and gold to ensure financial safety.
Pillar 2 activities in this area include the “AUKUS Maritime Autonomy Experimentation and Exercise Series,” which the three governments have described as “a series of integrated trilateral experiments and exercises aimed at enhancing capability development, improving interoperability, and increasing the sophistication and scale of ...
The United States Department of Commerce runs a certification program which it calls Safe Harbor and which aims to harmonize data privacy practices in trading between the United States of America and the stricter privacy controls of the European Union Directive 95/46/EC on the protection of personal data.