DOCSLIB.ORG

Stress Testing Governance, Risk Analytics and Instruments European Dr

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Stress Testing Governance, Risk Analytics and Instruments European Dr VISIT OUR WEBSITE: www.flemingeurope.com “Linking the credit and liquidity risks” EXPERT ADVISORY BOARD nd ANNUAL DR. ANDREA BURGTORF Deutsche Bank, Germany, Head of Stress Testing HOP Governance, Risk Analytics and Instruments EUROPEAN S DR. LINda SLEDDENS Aegon Bank, Netherlands Senior Financial Risk Manager SUsaNNE HUGHES & WORK Lloyds Banking Group, UK STRess CE Senior Manager Stress Testing N PETER QUEll E R DZ Bank, Germany, Head of Portfolio Modelling E for Market and Credit Risk TESTING EXCLUSIVE SPEAKER PANEL CONF HEIKO HEssE for Banks IMF, USA, Economist, Monetary and Capital Markets Department 23-24 October 2013, Netherlands IaIN DE WEYMARN Bank of England, UK, Head of Banking System Division, Financial Stability Radisson Blu Hotel Amsterdam CAROLINE LIESEGANG EBA, UK, Senior Stress Testing Expert JEROME HENRY CONFERENCE & WORKSHOP ECB, Germany, Head of Financial Stability Assessment Division 2 Market conditions are in turmoil and a regulatory or risk management JAVIER VIllaR BURKE no one can be sure of the reaction. perspective. Moreover, you will be European Commission – DG ECFIN One of the ways of calming things able to benchmark your processes Statistical Officer down is reassuring the Financial and methodologies with your peers, environment about your ability regulators and gather diversity of ALEXANDER VasYUTOVIch to react promptly, safeguard your insights for your internal processes Promsvyazbank, Russia, Co-Chief Risk Officer clients’ interests and cope with improvement. Head of Financial and Retail Risk Management liquidity squeeze during stressed PETER QUEll periods. By incorporating stress To practice your stress testing DZ Bank, Germany, Head of Portfolio Modeling testing into your risk management techniques, we have prepared an for Market and Credit Risk methodologies, you are taking one intensive hands-on workshop called of the more important steps of doing Scenario Analysis in Stress Ewa RENZ so. Your institution should stress test Testing, Methodology and Best BRE Bank, Poland, Deputy Director – Credit Risk not only for compliance purposes, Practice. Attending will improve DERK VAN DEN BOS but also for your risk management understanding of the use of stress ING, Netherlands, Senior Risk Analyst framework to function properly. testing and scenario analysis, By attending Fleming Europe’s liquidity risk measuring techniques, FRANka LIEDEROP 2nd Annual European Stress you will listen to specific case Dutch Central Bank, Netherlands, Senior Policy Testing Forum for Banks, studies, get involved in a hands-on Advisor in the Financial Stability Division you will participate in a forum exercise or better understand the FRANCO STRAGIOTTI providing end-to-end knowledge connection between stress testing Université Catholique de Louvain - Louvain of stress testing issues, either from and contingency planning. School of Management, Belgium WILLIam ThOmsON Experian, UK, Chief Economist YOUR WORKSHOP LEADER FlaVIO COccO Prometeia SpA, Italy, Partner LEONARD MATZ DR. JUAN LIcaRI Liquidity Risk Advisors, USA Moody‘s Analytics, UK, Senior Director, Head of Economic & Consumer Credit Analytics in Europe Principal Silver Sponsors: Bronze Sponsor: Knowledge Partner: Endorsing Partners: BOOKING LINE: tel: + 421 257 272 232, / fax: + 421 255 644 490 EMAIL: [email protected], www.flemingeurope.com • Hands-on Workshop BENEFITS OF ATTENDING TURES • Hear from IMF, EBA, ECB, Bank of England A E • Learn how to effectively combine Credit, Liquidity & Market Stress Tests Understand challenges of stress AL F • INTERACTIVE ELECTRONIC POLLING & E-NETWORKING easy on-line testing, including reverse stress I C accessible networking system for on-line voting, live polling, interactive testing, and how to communicate E P feedback & simply more fun! results to management, the board, S and regulators Experience continuous resilience assessment through regular stress PAST YEAR‘S CONFERENCE testing ATTENDANCE IN NUMBERS Identify, analyse and address key risks in the EU banking sector JOB TITLE BREAKDOWN Complete guide to loss absorbtion in a crisis and leaving taxpayers off VPs, Deputy VPs and Chairmen 19% the hook C-level 15% WHO WILL ATTEND Directors & Managers 38% BANKS: Chief Executive Officers, Chief Risk Officers, VPs, Economists, Global Heads of Departments 28% Heads, Regional Heads, GMs, Managing Directors, Executive Directors, Heads of Risk Management Departments, Risk Assessment REGIONAL BREAKDOWN Heads, Regulatory Compliance Managers, Heads of Stress Testing, Stress Testing CIS & rest 31% Managers, Risk Managers, Risk Strategy Experts SEE 9% VISIT OUR WEBSITE: CEE 13% www.flemingeurope.com CONFERENCE & WORKSHOP 26 - 28 September 2012 S CO Novotel Amsterdam City, Netherlands Western Europe 47% STRESS-TESTING 2.0 TRESS “Gearing up for 2013” NF OUR EXPERT ADVISORY BOARD ERE Adolfo Montoro Syed Ali Deutsche Bank, UK Deutsche Bank, UK STRESS TESTING 2.0 BRINGS YOU SPECIAL FEATURES Vice President, Head of Market Risk Senior Basel III Liquidity SME Multiple Case Studies • Necessary Regulatory Economic Capital Methodology Irving Henry, British Bankers Insights • Empirical Application Sessions • Full Day Laurie Mayers Association, UK, Director Financial Services Authority NC Interactive Workshop • Two-Stream Afternoon Ivelina Nilsson UK, Manager Lloyds Banking Group T Capital Management Team UK, Head of Business Risk In light of recent experiences both within the EU and beyond, significant lessons have been highlighted in relation to stress testing practices. OUR WORKSHOP LEADER ESTI COMPANIES The recent crisis also demonstrated that stress testing can serve as an Hakan Yar E & important macro - prudential tool for restoring confidence in financial Head of Risk Control, SEB Poland systems, increasing transparency and reducing market uncertainty... & Senior Risk Analyst, SEB Germany On the other hand, the crisis also revealed the need for better, more comprehensive stress testing in the financial industry. Even though Adolfo Montoro Leonardo Salvagnini traditionally stress testing referred to asset portfolios, currently it is Deutsche Bank, UK, Vice UniCredit, Italy, Head of Credit being applied to entire banks, banking systems and financial systems. President, Head of Market Risk Scenarios and Stress Testing Fleming Europe‘s Stress Testing 2.0 Conference and Workshop Economic Capital Methodology Colin Burke is a first class learning & networking platform bringing the latest, W Jerome Henry, ECB, Germany Lloyds Banking Group, UK most up-to-date information & updates on stress testing at multiple Head of Financial Stability Head of Technical Validation and levels: regulatory requirements, capital, credit, liquidity & market N ATTENDED IN THE PAST Assessment Division Market Risk Model Approval risk stress testing. Focusing on both system-wide and company-wide approaches, full of special features, 2 streams and a full day workshop, Claus Puhr, ONB, Austria Peter Quell ORKS this is a unique opportunity to prepare for 2013 stress testing in the Head of Systemic Risk Assessment DZ Bank, Germany best way possible... Unit in the Financial Markets Head of Portfolio Modelling for C G 2012 Analysis and Surveillance Division Market and Credit Risk O NF WHO WILL ATTEND Christopher Blake, HSBC, UK Arno van Eekelen ABN Amro • Aegon Bank • Alogrithmics • Amsterdam Trade Bank • Austrian National Senior Manager, Liquidity Risk - IR SNS REAAL, Netherlands Banks: Chief Executive Officers, Chief Risk Officers, VPs, Group Asset & Liability Management Risk consultant Economic Capital M Economists, Global Heads, Regional Heads, GMs, Managing Assoc. Prof. Dr. Alper Özün & Stress testing E Directors, Executive Directors, Heads of Risk Management D HSBC Turkey, Head of Asset- Departments, Risk Assessment Heads, Regulatory Compliance Vijay Krishnaswamy liability & Capital Management S Managers, Heads of Stress Testing, Stress Testing Managers, Risk Hymans Robertson LLP, UK P Bank • Banco Portugal • Bank of England • Banka Kombetare Tregtare • Bre Bank • E Department Partner and Head of Enterprise Managers, Risk Strategy Experts AK Krzysztof Czerkas, Bre Bank Risk Management H Hipoteczny, Poland, Advisor to the ERS Alexander V. Vasyutovich Chairmen of Management Board Promsvyazbank,Russia CITCO • Credit Europe Bank • Deutsche Bank • DZ Bank • European Central Bank • REASONS TO ATTEND Ewa Renz, Bre Bank Head of Financial and Retail Risk Hipoteczny, Poland Management, Co-Chief Risk Officer O Get the most up-to-date information from your peers Deputy Director – Credit Risk Richard Reeves Understand your regulatory obligations Petr Jakubik, Czech Republic Algorithmics an IBM Choose your conference stream: Credit & Capital or Liquidity President of the Czech Economic Company, Senior Director P HCBG Holding • HSBC • HSBC Turkey • Hymans Robertson LLP • ING • KBC • KBC Stream? Society and Lecturer at Charles Business Intelligence Group (BIG) Listen to a variety of discussions and get solutions University in Prague Ziauddin Ishaq Enhance your knowledge on stress testing infrastructure Ernst Eichenseher, HVB - Oracle Financial Services Gain empirical experience UniCredit, Germany, Head of Credit Global Solutions Lead for Take part in the Day 3 exclusive interactive workshop Bank NV • Lloyds Banking Group • Mortgage and Land Bank of Latvia • Norges Bank Risk Control and Economic Capital Liquidity Risk • ORACLE • Privredna Banka Zagreb • PROGNOZ • Prosmvyazbank • Raiffeisen Bank Silver Sponsors: Exhibitor: International • Santander • SEB • Slovenska Sporitelna
Load more

Recommended publications
  • Annual Report 2020
    ANNUAL REPORT 2020 Content Profile 3 Statement from the board 5 Developments in the payment system 8 Activities Activities: Point-of-sale payment system 11 Activities: Online payments 14 Activities: Giro-based payments 18 Activities: Stability of Payment Chains 23 Activities: Security in the payment system 25 Appendices Appendix: Board and management 30 Appendix: Governance 31 Appendix: List of members 33 2 Annual Report 2016 Profile The payment system is the bloodstream of our economy, has many stakeholders and is of great social importance. Therefore it has the characteristics of a utility. The many parties involved, the many relevant laws and regulations, the requirements for high quality, new technological possibilities and the high number of transactions make the payment system complex and dynamic. Transparency, openness, accessibility and dialogue with all stakeholders are important prerequisites in the payment system. The Dutch Payments Association organizes the collective tasks in the Dutch payment system for its members. Our members provide payment services on the Dutch market: banks, payment institutions and electronic money institutions. The shared tasks for infrastructure, standards and common product features are assigned to the Payments Association. We aim for a socially efficient, secure, reliable and accessible payment system. To this end, we deploy activities that are of common interest to our members. We are committed, meaningful and interconnecting in everything we do, to unburden our members where and when possible. We engage representatives of end users in the payment system, including businesses and consumers. On behalf of our members, we are visibly involved and accessible and we are socially responsible.
    [Show full text]
  • Does Ownership Have an Effect on Accounting Quality?
    Master Degree Project in Accounting Does Ownership have an Effect on Accounting Quality? Andreas Danielsson and Jochem Groenenboom Supervisor: Jan Marton Master Degree Project No. 2013:14 Graduate School Abstract Research on accounting quality in banks has evolved around the manipulation of the Loan Loss Provision and has been discussed in terms of earnings management and income smoothing. Key variables used to explain the manipulation of Loan Loss Provisions have been investor protection, legal enforcement, financial structure and regulations. This study will extend previous research by investigating the effect of state, private, savings and cooperative ownership on accounting quality. In this study data from more than 600 major banks were collected in the European Economic Area, covering annual reports between 2005 and 2011. Similar to prevalent research, the Loan Loss Provision is used as a central indicator of accounting quality. In contrast to existent literature, accounting quality is not explained by the manipulation of the Loan Loss Provision in terms of income smoothing or earnings management. Instead, accounting quality is addressed in terms of validity and argued to be an outcome of the predictive power of the Loan Loss Provision in forecasting the actual outcome of credit losses. The findings of this study confirm that ownership has an effect on accounting quality. All but one form of ownership investigated showed significant differences. State ownership was found to have a positive effect on accounting quality, both in comparison to private banks and all other banks. On the other hand, savings ownership was shown to have a negative impact on accounting quality compared to private and other banks.
    [Show full text]
  • List of PRA-Regulated Banks
    LIST OF BANKS AS COMPILED BY THE BANK OF ENGLAND AS AT 1st February 2021 This document provides a list of Authorised Firms, it does not supersede the Financial Service Register which should be referred to as the most accurate and up to date source of information. Banks incorporated in the United Kingdom ABC International Bank Plc DB UK Bank Limited Access Bank UK Limited, The DF Capital Bank Limited Ahli United Bank (UK) PLC AIB Group (UK) Plc EFG Private Bank Limited Al Rayan Bank PLC Europe Arab Bank plc Aldermore Bank Plc Alliance Trust Savings Limited (Applied to Cancel) FBN Bank (UK) Ltd Allica Bank Ltd FCE Bank Plc Alpha Bank London Limited FCMB Bank (UK) Limited Arbuthnot Latham & Co Limited Atom Bank PLC Gatehouse Bank Plc Axis Bank UK Limited Ghana International Bank Plc GH Bank Limited Bank and Clients PLC Goldman Sachs International Bank Bank Leumi (UK) plc Guaranty Trust Bank (UK) Limited Bank Mandiri (Europe) Limited Gulf International Bank (UK) Limited Bank Of Baroda (UK) Limited Bank of Beirut (UK) Ltd Habib Bank Zurich Plc Bank of Ceylon (UK) Ltd Hampden & Co Plc Bank of China (UK) Ltd Hampshire Trust Bank Plc Bank of Ireland (UK) Plc Handelsbanken PLC Bank of London and The Middle East plc Havin Bank Ltd Bank of New York Mellon (International) Limited, The HBL Bank UK Limited Bank of Scotland plc HSBC Bank Plc Bank of the Philippine Islands (Europe) PLC HSBC Private Bank (UK) Limited Bank Saderat Plc HSBC Trust Company (UK) Ltd Bank Sepah International Plc HSBC UK Bank Plc Barclays Bank Plc Barclays Bank UK PLC ICBC (London) plc BFC Bank Limited ICBC Standard Bank Plc Birmingham Bank Limited ICICI Bank UK Plc BMCE Bank International plc Investec Bank PLC British Arab Commercial Bank Plc Itau BBA International PLC Brown Shipley & Co Limited JN Bank UK Ltd C Hoare & Co J.P.
    [Show full text]
  • "SOLIZE India Technologies Private Limited" 56553102 .FABRIC 34354648 @Fentures B.V
    Erkende referenten / Recognised sponsors Arbeid Regulier en Kennismigranten / Regular labour and Highly skilled migrants Naam bedrijf/organisatie Inschrijfnummer KvK Name company/organisation Registration number Chamber of Commerce "@1" special projects payroll B.V. 70880565 "SOLIZE India Technologies Private Limited" 56553102 .FABRIC 34354648 @Fentures B.V. 82701695 01-10 Architecten B.V. 24257403 100 Grams B.V. 69299544 10X Genomics B.V. 68933223 12Connect B.V. 20122308 180 Amsterdam BV 34117849 1908 Acquisition B.V. 60844868 2 Getthere Holding B.V. 30225996 20Face B.V. 69220085 21 Markets B.V. 59575417 247TailorSteel B.V. 9163645 24sessions.com B.V. 64312100 2525 Ventures B.V. 63661438 2-B Energy Holding 8156456 2M Engineering Limited 17172882 30MHz B.V. 61677817 360KAS B.V. 66831148 365Werk Contracting B.V. 67524524 3D Hubs B.V. 57883424 3DUniversum B.V. 60891831 3esi Netherlands B.V. 71974210 3M Nederland B.V. 28020725 3P Project Services B.V. 20132450 4DotNet B.V. 4079637 4People Zuid B.V. 50131907 4PS Development B.V. 55280404 4WEB EU B.V. 59251778 50five B.V. 66605938 5CA B.V. 30277579 5Hands Metaal B.V. 56889143 72andSunny NL B.V. 34257945 83Design Inc. Europe Representative Office 66864844 A. Hak Drillcon B.V. 30276754 A.A.B. International B.V. 30148836 A.C.E. Ingenieurs en Adviesbureau, Werktuigbouw en Electrotechniek B.V. 17071306 A.M. Best (EU) Rating Services B.V. 71592717 A.M.P.C. Associated Medical Project Consultants B.V. 11023272 A.N.T. International B.V. 6089432 A.S. Watson (Health & Beauty Continental Europe) B.V. 31035585 A.T. Kearney B.V.
    [Show full text]
  • Download (471Kb)
    Pas toe of leg uit “Een onderzoek naar de toepassing van de code banken en de code verzekeraars ten aanzien van beloningsbeleid.” M.M. Scheffer Leeghwaterstraat 99 6717CX Ede Studentnummer: 2232146 [email protected] Rijksuniversiteit Groningen Faculteit economie & bedrijfskunde Accountancy & Controlling Ernst & Young Audit services Amsterdam / Utrecht 1e Begeleider RuG: Prof. dr. J.A. van Manen RA 2e Begeleider RuG: dr. O.P.G. Bik RA Begeleider E&Y: drs. M.T. Lemans RA M.M. Scheffer Pas toe of leg uit Voorwoord Voor u ligt mijn scriptie ter afronding van mijn master accountancy & controlling aan de Rijksuniversiteit Groningen. Ik heb het afgelopen jaar als zeer leerzaam en plezierig ervaren. Naast vakkennis heb ik mij in deze periode ook persoonlijk kunnen ontwikkelen. In deze scriptie staat corporate governance voor banken en verzekeraars centraal. Deze is vertaald in de code banken en de code verzekeraars. In deze scriptie is onderzoek gedaan naar de mate van naleving van de codes. Tevens is onderzocht in welke mate omvang van instellingen een rol speelt bij de naleving van de principes en tevens bij de kwaliteit van uitleg bij het niet toepassen van principes. Het onderzoek heb ik mogen uitvoeren bij mijn werkgever Ernst & Young te Utrecht. Graag wil ik mijn begeleider vanuit Ernst & Young, de heer drs. René Lémans RA, bedanken voor de begeleiding en hulp gedurende het gehele traject. Tevens wil ik de heren drs. Bob Leonards RA en mr. drs. Georges de Méris RA danken voor het meedenken en beantwoorden van mijn vakinhoudelijke vragen. Daarnaast wil ik graag mijn begeleiders vanuit de Rijksuniversiteit Groningen, de heer Prof.
    [Show full text]
  • Leleux Press Review
    Leleux Press Review Thursday 21/12/2017 BEL 20 (Belgium) Last Price 3994,68 Minimum Price 1046,07 (02/09/1992) Maximum Price 4759,01 (23/05/2007) Gainers 4 Losers 16 APERAM 43,85 +0,38% AGEAS 41,35 -0,79% ONTEX GROUP NV 27,75 +0,16% GBL (BE) 90,33 -0,79% COLRUYT 42,79 +0,03% COFINIMMO (BE) 110,00 -0,67% CAC 40 (France) Last Price 5352,77 Minimum Price 2693,21 (23/09/2011) Maximum Price 7347,94 (21/10/2009) Gainers 6 Losers 34 VALEO 62,09 +0,82% RENAULT SA 83,57 -0,98% ARCELORMITTAL SA (NL 26,98 +0,46% LAFARGEHOLCIM LTD (F 46,08 -0,96% VEOLIA ENV (FR) 21,27 +0,21% AXA (FR) 25,25 -0,88% AEX (The Netherlands) Last Price 547,38 Minimum Price 194,99 (09/03/2009) Maximum Price 806,41 (21/10/2009) Gainers 5 Losers 20 ARCELORMITTAL SA (NL 26,98 +0,46% KONINKLIJKE DSM NV 80,94 -0,93% GEMALTO N.V. 49,49 +0,29% ASML HOLDING 147,80 -0,90% RELX NV 19,24 +0,15% AHOLD DELHAIZE 18,33 -0,75% DAX (Germany) Last Price 13069,17 Minimum Price 7292,03 (26/11/2012) Maximum Price 13478,86 (03/11/2017) Gainers 2 Losers 28 LINDE (DE) 181,00 +0,58% DEUTSCHE BANK (DE) 16,64 -0,98% PROSIEBENSAT.1 NA O 29,00 +0,24% HEIDELBERGER ZEMENT 89,50 -0,92% DEUTSCHE TEL (DE) 15,00 -0,69% FTSE 100 (United Kingdom) Last Price 7525,22 Minimum Price 3277,50 (12/03/2003) Maximum Price 53548,10 (16/11/2009) Gainers 45 Losers 54 EASYJET PLC ORD 27 2 14,28 +0,97% ROYAL DUTCH SHELL A 24,05 -0,79% MARKS AND SPENCER GR 3,10 +0,97% ANGLO AMERICAN PLC O 14,88 -0,77% GKN (UK) 3,04 +0,91% SSE PLC ORD 50P 13,01 -0,77% MIB 30 (Italy) Last Price 22109,65 Minimum Price 12320,50 (24/07/2012) Maximum Price 48766,00 (05/04/2001) Gainers 13 Losers 26 BREMBO 12,80 +0,86% ATLANTIA SPA 26,45 -0,97% SALVATORE FERRAGAMO 21,75 +0,78% LUXOTTICA GROUP (IT) 50,95 -0,97% SAIPEM 3,63 +0,60% ENEL 5,28 -0,75% IBEX 35 (Spain) Last Price 10207,70 Minimum Price 5266,90 (10/10/2002) Maximum Price 15945,70 (08/11/2007) Gainers 15 Losers 19 BANCO DE SABADELL 1,72 +0,93% INDRA SISTEMAS 11,53 -0,98% CAIXABANK 4,00 +0,85% INDITEX 29,53 -0,92% IBERDROLA 6,58 +0,73% GAMESA CORP.
    [Show full text]
  • The Netherlands
    EXPORTING CORRUPTION 2020 ambassador in Nigeria shared confidential information with Shell about an investigation on THE NETHERLANDS location in Nigeria by Dutch financial police.6 The whistleblower who exposed the information, a local Limited enforcement staff member of the Netherlands embassy, was subsequently dismissed.7 Following the VimpelCom case, covered in the 3.1% of global exports Exporting Corruption Report 2018, there were three related cases in the Netherlands, two involving Investigations and cases banks and one involving an accounting and consulting firm (VimpelCom is now called VEON). In In the period 2016-2019, the Netherlands opened 16 September 2018, the NPPS settled its investigation investigations, commenced two cases and into ING Bank NV, with ING agreeing to pay €675 concluded three cases with sanctions. million (US$771 million) as a penalty and €100 million (US$114 million) as disgorgement to the Foreign bribery investigations are conducted by the NPPS.8 The FIOD had been investigating ING since Fiscal Intelligence and Investigations Service (FIOD) 2016 for suspected facilitation of international and the Netherlands Public Prosecution Service corruption and culpable money laundering.9 The (NPPS). These investigations take a long time to bank admitted “serious shortcomings” in executing conclude, due to their international and complicated policies to prevent financial crime. In July 2020, a 1 nature. group of victims won a court case requiring former In March 2019, a Shell statement on its website said ING CEO Ralph Hamers to testify about the bank’s that the NPPS was preparing charges against the role in relation to fraud by a third party, an issue company over an allegedly corrupt deal in Nigeria covered by the 2018 settlement.
    [Show full text]
  • Trade Finance Program Confirming Banks List As of 31 December 2015
    Trade Finance Program Confirming Banks List As of 31 December 2015 AFGHANISTAN Bank Alfalah Limited (Afghanistan Branch) 410 Chahri-e-Sadarat Shar-e-Nou, Kabul, Afghanistan National Bank of Pakistan (Jalalabad Branch) Bank Street Near Haji Qadeer House Nahya Awal, Jalalabad, Afghanistan National Bank of Pakistan (Kabul Branch) House No. 2, Street No. 10 Wazir Akbar Khan, Kabul, Afghanistan ALGERIA HSBC Bank Middle East Limited, Algeria 10 Eme Etage El-Mohammadia 16212, Alger, Algeria ANGOLA Banco Millennium Angola SA Rua Rainha Ginga 83, Luanda, Angola ARGENTINA Banco Patagonia S.A. Av. De Mayo 701 24th floor C1084AAC, Buenos Aires, Argentina Banco Rio de la Plata S.A. Bartolome Mitre 480-8th Floor C1306AAH, Buenos Aires, Argentina AUSTRALIA Australia and New Zealand Banking Group Limited Level 20, 100 Queen Street, Melbourne, VIC 3000, Australia Australia and New Zealand Banking Group Limited (Adelaide Branch) Level 20, 11 Waymouth Street, Adelaide, Australia Australia and New Zealand Banking Group Limited (Adelaide Branch - Trade and Supply Chain) Level 20, 11 Waymouth Street, Adelaide, Australia Australia and New Zealand Banking Group Limited (Brisbane Branch) Level 18, 111 Eagle Street, Brisbane QLD 4000, Australia Australia and New Zealand Banking Group Limited (Brisbane Branch - Trade and Supply Chain) Level 18, 111 Eagle Street, Brisbane QLD 4000, Australia Australia and New Zealand Banking Group Limited (Perth Branch) Level 6, 77 St Georges Terrace, Perth, Australia Australia and New Zealand Banking Group Limited (Perth Branch
    [Show full text]
  • CIMSOLUTIONS in Finance
    CIMSOLUTIONS in Finance Team Leader Corporate ICT Ian Kho (right) of Robeco with Web Developers Özkan Ulu (left) and Arno van Hout (centre) of CIMSOLUTIONS. CIMSOLUTIONS provides high quality professional ICT con- of legislation in the area of accounting and reporting, such as sulting services and software development solutions in the Basel and IFRS, our financial clients are actively organising the areas of Business, Administrative and Industrial Automation. business processes to improve efficiency. This takes place both Our expertise covers all phases of the software life-cycle from internally, by thinking up generic solutions, as well as externally, specification and feasibility through design, development, by an improved integration in the chain. In both cases, Internet test & implementation, to maintenance, support and project technology and open standards like web services and XML are management of both tailor-made as well as standard increasingly used. Financial systems must be designed and applications, systems, hardware and networks. developed to function absolutely flawlessly. This accounts for the increasing attention for structured testing. CIMSOLUTIONS Business serves the market sectors: • Government CIMSOLUTIONS specifies, designs, develops, manages and tests, • Finance in close co-operation with our clients in the Financial sector, high • Healthcare quality (Internet) systems such as: globally used automatic col- • Trade & Transport lection software for multinationals, exchange of client information • Energy, Telecom & Utilities
    [Show full text]
  • A Better European Architecture to Fight Money Laundering
    POLICY BRIEF crescendo in 2018 with the liquidation of ABLV Bank in 18-25 A Better Latvia, the reopening of criminal investigations into Danske Bank in Denmark and Estonia, and the imposition of the European largest AML fine in European history against ING Bank in the Netherlands. Added together, these cases—large and Architecture to Fight small—have underlined the serious shortcomings of the European Union’s AML regime.2 Reports have pointed to Money Laundering a variety of bad actors as participants in these schemes, with linkages to organized crime, corruption, and North Korea Joshua Kirschenbaum and Nicolas Véron among others. The common thread, though, seems to be the December 2018 predominance of money originating in the former Soviet Union. Joshua Kirschenbaum is a senior fellow at the German Marshall A major problem lies in the fact that AML supervi- Fund. Nicolas Véron is a senior fellow at the Peterson Institute sion of banks and other firms rests largely with the national for International Economics and Bruegel (Brussels). Véron authorities of individual EU member states, in increasing is also an independent nonexecutive director at the Global Trade Repository arm of the Depository Trust & Clearing tension with the legal framework for centralized prudential Corporation (DTCC), including DTCC Derivatives Repository supervision3 within the euro area and the European single plc (London), which is supervised by the European Securities and Markets Authority. market. This division of responsibilities is susceptible to political influence and regulatory capture. The system Authors’ Note: We are grateful for the insight and feedback of depends heavily on small, lower-capacity jurisdictions Jesper Berg, Sarah Boiteux, Per Callesen, Martin Chorzempa, Maria Demertzis, Panicos Demetriades, Juan Luis Díez to provide the first line of defense against illicit financial Gibson, Charlotte Dijkstra, Markus Forsman, Michael Gibson, practices, encouraging illicit actors to seek out weak links.
    [Show full text]
  • Conley KPII Interior V3 Netherl
    – 69 – Case Study The Netherlands The Netherlands might not come to mind as the most obvious candidate for a study on Russian influence in Europe. A founding NATO and EU member, it actively participates in NATO military operations and maintains a strong stance on sanctions against Russia. It has suffered greatly at the hands of Russian actions, from the tragic shootdown of flight MH17 that killed 193 Dutch citizens in July 2014 to a cyberattack in April 2018 against the Organization for the Prohibition of Chemical Weapons (OPCW) based in The Hague. Notwithstanding these recent developments, the Netherlands’ commercial relationship with Russia dates back to the nineteenth century when “Dutch entrepreneurs were willing to invest in Russian ventures and part of foreign Russian gold reserve was kept in the Netherlands. By January 1, 1914, Russian foreign investments in the Netherlands had amounted to 8 million gold roubles.”1 A century later, the bilate­ ral economic relationship serves the same purpose, making the Netherlands a largely unnoticed, unappreciated, and therefore underestimated enabler for Russian influence and its oligarchs, particularly in the provision of services on tax avoidance through in­ corporation. Dutch central bank members of a special committee of the International Monetary Fund have indeed highlighted the country’s prominent role in international corporate tax avoidance.2 The Netherlands is a free and open democracy with an independent judiciary and a strong legal framework for anti­corruption. It is vocal on the deterioration of human rights and civil society in Russia. It is consistently ranked one of the “cleanest” countries in Transparency International’s Corruption Perception Index, though its score has de­ creased slightly since 2009.3 However, when it does occur, corruption is not heavily pro­ secuted in the Netherlands and the penalties in the legislation for corruption do not act as a strong deterrent.
    [Show full text]
  • Uitvoering Wet Toezicht Kredietwezen 1992 (‘Wtk 1992’)
    DE NEDERLANDSCHE BANK Uitvoering Wet toezicht kredietwezen 1992 (‘Wtk 1992’) Verklaringen van geen bezwaar op grond van artikel 26 Wtk 1992 In de verslag periode zijn op grond van artikel 26 Wtk 1992 door de Nederlandsche Bank NV, vanwege de Minister van Financiën, de volgende verklaringen van geen bezwaar verleend of ingetrokken. Aanvragende instelling: Soort aanvraag: Betrokken instelling: Datum afgifte of inschrijving in intrekking van de het Wtk-register: verklaring van geen bezwaar: Artikel 23, eerste lid sub a; vermindering eigen vermogen DSB Bank N.V. 10-03-2004 Achmea Hypotheekbank N.V. 12-03-2004 KAS Bank N.V. 18-03-2004 KAS Bank N.V. Intrekking 30-03-2004 Artikel 23, eerste lid sub b; deelnemingen F. van Lanschot Bankiers N.V. 100% Middellijk Bernice Investments A.V.V. 02-03-2004 F. van Lanschot Bankiers N.V. 100% Middellijk Dinal Trading A.V.V. 02-03-2004 F. van Lanschot Bankiers N.V. 100% Middellijk Intos Holding A.V.V. 02-03-2004 F. van Lanschot Bankiers N.V. 100% Middellijk Prodo Holding A.V.V. 02-03-2004 SNS Bank N.V. Intrekking Davida Beleggingsmaatschappij B.V. 08-03-2004 SNS Bank N.V. Intrekking SNS Options B.V. 08-03-2004 Kempen & Co N.V. 100%-rechtstreeks Kempen Custody Services N.V. 09-03-2004 Kempen & Co N.V. 100% rechtstreeks, onder Kempen Deelnemingen B.V. 09-03-2004 intrekking vorige verklaring van geen bezwaar Kempen & Co N.V. 100% onder intrekking vorige Arceba B.V. 09-03-2004 verklaring van geen bezwaar Kempen & Co N.V.
    [Show full text]