2. Regulations to change management in financial institutions
To comply with the new regulatory requirements, it's not risk management as such that will have to evolve, but rather overall strategic and operational management.
The LP-HC phenomena, seen earlier in a summary course, required the intervention of the banking regulator to modify management practices in the bank in view of the results observed. This was the Basel process.
For the insurance markets, it's more a question of harmonizing supervision at European level and converging the application of international accounting standards. This is the Solvency process.
2.1 Basel and Solvency processes
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At the initiative of the G10 central bankers, the Basel Accord was signed in 1988 following...
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Regulations to change management in financial institutions
Bibliography
Works
Software tools
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ODDYSee©. Optimal Decision Support System developped by CADLM
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Websites
ESTP – École Supérieure des Travaux Publics
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Autorité des Marchés Financiers
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Advancity. Competitiveness cluster
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Standards and norms
- Management du risque : Principes et lignes Directrices. - ISO. ISO 31000:2009 - Novembre 2009
- Gestion des risques : Techniques d'évaluation des risques. - ISO. ISO/CEI 31010:2009 - Novembre 2009
- Management du risque : vocabulaire. - ISO. FD ISO guide 73 - Décembre 2009
Regulations
Loi n° 2003-706 du 1 er août 2003 de sécurité financière.
Law no. 2001-420 of May 15, 2001 on new economic regulations.
Regulation (EC) no. 1606/2002 of the European Parliament and of the Council of July 19, 2002 on the application of international accounting standards.
Order no. 2008-1278 of December 8,...
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