...There has been no shortage of news regarding banking scandals and crises over the past three decades both globally and in the United States. This increased awareness has led to the focus upon legislation to stem this trend in addition to creating guidelines for how financial reporting should regulated in order to stabilize the banking industry. Part of this effort has been led by the Basel Committee in its creation of its Core Principles for Effective Banking Supervision consultative document that was released in December 2011. The committee consisting bankers and regulators from its 27 member countries provides a framework for establishing bank governance. The United States, even though a member of the Basel Committee, had previously resisted implementing this framework, instead favoring its own legislation. However, the Federal Reserve agreed to adopt the Basel rules as means of governing the nation's banks against the objections of large financial institutions who argued that these guidelines are too strict. As of May 2012, the proposal of this agreement has not yet been released by the Federal Reserve. It is hoped that the endorsement from the United States of the new requirements under Basel III will work to encourage the European Union to follow suit. Banking Supervision Unlike many of the other countries that follow the Basel framework and have only one bank regulator, the United States banking system is governed by the Federal Reserve. The Federal Reserve consists of...
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...Intelligence (BI) Index of Topics covered 1 What is BI 2 Applications of BI 3 Common Functions of BI 4 Requirement & Challenges of BI Implementation 5 Best Practices of BI 6 Case Study 7 Conclusion What is BI: BI is a broad category of applications and technology for gathering, storing and providing access to data to help enterprises make better decisions. It can provide information of various “Information Assets” in an organization and how they interact with each other. These assets include Customer Databases, SCM Information, Personnel data, Manufacturing, Sales & Marketing Activity. Applications of BI: BI can be applied to MARCKM * Measurement - performance metrics, benchmarking etc., * Analytics - data mining, process mining, predictive modeling * Reporting - Data visualization, Executive Information System * Collaboraton - Data sharing & Electronic Data Interchange. * Knowledge Management - This leads to regulatory compliance and learning management The term was used by Gartner group in 1996, “..... Data analysis, reporting and query tools can help business users wade through a sea of data to synthesize valuable information from it - which today collectively fall into a category of BI.” Common Functions & Requirements of BI Common functions of BI are reporting, analytics, data mining, process mining, complex event processing and predictive analysis. Requirement & Challenges of BI Implementation ...
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...III Difference 8 3.3. Implications of Basel III 9 3.4.4. Global Banking System 9 3.4.5. Banking System in Australia 9 3.4.6. Banking System in Japan 10 3. Conclusions 11 4. Reference List 12 1. Introduction The financial system is beyond indispensable in the global economy, with commercial banks playing a vital role as the main form of a financial institution. Within the financial system it is crucial to have regulations and guidelines for financial institutions such as commercial banks to abide by and have the expectation that a minimum standard is to be consistently expected. Prescribing prudential standards for supervision of the banking sector is a necessity in increasing reliance and resilience with confidence in the banking sector, which is why the Basel Committee on Banking Supervision has introduced Basel III in 2013. This report focuses on...
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...2010-2-45-0165 BBA-BI 6th Semester Submitted To: Office of the Dean Faculty of Management Pokhara University In the partial fulfillment of the requirement for the degree of Bachelor in Business Administration –Banking & Insurance (BBA-BI) Sitapaila, Kathmandu Date: 21st September, 2013 INTRODUCTION Nowadays, people are becoming more aware about the importance of education. Due to this reason, many schools and colleges are emerging every day. Among the various universities governing the colleges, Pokahara Univrsity (P.U.) is popular university of Nepal, which brings the courses with the demand of present scenario. So, with the increasing demand of the Management studies, P.U. has gradually prepared an innovative course in order to originate the competent professionals with the changing demands of corporate world since 2005 A.D. Among different management courses of P.U., Bachelor in Business Administration in Banking and Insurance (BBA-BI) is one of the best management courses which also includes the insurance sector. The BBA – B&I is a four-year program spread over eight semesters. A student needs to successful complete 126 credit hours of course work, project work and internship for graduation Study Background This project report is submitted in partial fulfillment of the organization for the degree of “Bachelors in Business Administration-Banking & Insurance”. It is an essential part of BBA-BI program that helps...
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...1. Define Finance. Discuss the principles of Finance. According to L J Gitman, “Finance is the art and science of managing money.” Finance is concerned with the process, institutions, markets and instruments involved in the transfer of money among and between individuals, business and governments. Finance deals with-Financing, investment and dividend. Principles of Finance * Principles of risk and return: It says, “No risk, No gain” * Principles of time value of money: while making any investment decision, time value of money should be considered. * Principles of Liquidity and Profitability: Need balance of liquid money. * Principles of Perfection: Current assets, fixed assets should be collected with careful consideration. * Principles of Business Cycle: Business depends on various economic conditions (Boom-Recession-Depression-Recovery-Boom.) * Principles of Diversification: Do not put all eggs in one basket. 2. The ultimate goal of a business is to maximize wealth, not profit maximization-Explain. Shareholder’s Wealth Maximization means maximizing the price of the firm’s common stock. It means to increase the net present value of a firm. Shareholders' wealth is maximized when a decision generates net present value. The net present value is the difference between present value of the benefits of a project and present value of its costs. A decision that has a positive net present value creates wealth for shareholders and a decision that has a negative...
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...Executive Summary A bank is a place, where the financial services are offered, which may include provision for retail banking, investment banking, personnel banking etc. The factors which customers consider before choosing a particular bank can be the ease of doing the business, the quality of the personnel and the service and the range of the financial services. Keeping these factors in mind, we BrainTech consulting solutions, are developing a system with E-MIS for Corporation Bank which will focus optimizing their bank branch queuing system and increasing market share in the rural sector. This report step by step, explains all the facets of the Banking MIS that is being developed by us for Corporation Bank. The stakeholders involved are the bank CEO, top management, shareholders, employees, customers and village panchayats. The issues which we would be trying to address are leveraging the large uncapitalized market in the rural sector, the decreasing number of footfalls in bank branches due to inefficient customer and queue management, low acceptance and usage of e-services provided by the banks by their customers. We have started with the explanation of the business process, then the system architecture (which includes Zachman’s architecture). Post this, we have specified the data flow which will occur and the respective characteristics of the data in discussion. We have also worked on the SMAC facet of the MIS application and explained how the social, media...
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...Abstract A deregulated financial sector is free to accumulate and allocate funds from anywhere irrespective of the nature, form, intent and source. Without regulatory oversight, this poses zero risk to banks and nonbanks no matter how they finance the capital structure. In the real world, banking is an outcome of interactions between the regulator and the regulated. Regulatory consequences apply for failure to comply with the acceptable standards of best practices of banking regulation which include fines, sanctions, jail terms and revocation of the banking license for willful or non-willful noncompliance. The physical disposal of proceeds of funds’ from crime with aim of separating same, through creation of layers to disguise trails of the source and make it seem legitimate undermines the integrity of the financial system. It is required of the banking sector to build a comprehensive framework that identifies, assesses, monitors, mitigates and reports perceptions of suspicious activities of money launderers under the discipline of the regulator to avoid being sanction for the related offences. This paper reviews theory to link practice towards money laundering risk assessment of banking customers to maintain the integrity of the financial sector. 2 Introduction In a deregulated financial economy without transaction costs and costless enforceable contracts, the choice between the financial market instruments and products the institutions sell to buyers pose no...
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...Priya H Phone: 8892103120 Test Analyst Mailto: hanumanthaiah.priya@gmail.com OBJECTIVE To work as a catalyst in a challenging Software Testing and Quality Assurance Projects where I will have the opportunity to utilize my skills, learn new technology and in turn ensure they meet the specific purposes of why they have been developed for. Core Competencies • Well experienced in Assurance Domain & Banking Domain (Mortgage banking) with the recent project being testing of Performance and Attribution Reporting of JPMorgan Chase Client using BI-SAM BONE Application. • Exposure to wide Business Domain in Auditing, Tax and advisory services for US and Mortgage banking. • Effective team leader and an efficient individual workforce; successfully lead and delivered two projects on time with the 4 member team. • Worked for Wells Fargo as a QA testing Team member testing Image and content Management Platform project. • Web application Testing, Stand alone application and Regression testing. • Experienced in Functional, non-functional and System testing. • Have hands on experience on database and web services testing. • Extensive Experience in using Quality Center & ALM – (used as Test Management tool for tracking and reporting the Requirement Traceability, Test Preparation, Test Execution and Defect...
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...What are Basel Norms? Basel is a city in Switzerland. It is the headquarters of Bureau of International Settlement (BIS), which fosters co-operation among central banks with a common goal of financial stability and common standards of banking regulations. Every two months BIS hosts a meeting of the governor and senior officials of central banks of member countries. Currently there are 27 member nations in the committee. Basel guidelines refer to broad supervisory standards formulated by this group of central banks - called the Basel Committee on Banking Supervision (BCBS). The set of agreement by the BCBS, which mainly focuses on risks to banks and the financial system are called Basel accord. The purpose of the accord is to ensure that financial institutions have enough capital on account to meet obligations and absorb unexpected losses. India has accepted Basel accords for the banking system. In fact, on a few parameters the RBI has prescribed stringent norms as compared to the norms prescribed by BCBS. Basel I In 1988, BCBS introduced capital measurement system called Basel capital accord, also called as Basel 1. It focused almost entirely on credit risk. It defined capital and structure of risk weights for banks. The minimum capital requirement was fixed at 8% of risk weighted assets (RWA). RWA means assets with different risk profiles. For example, an asset backed by collateral would carry lesser risks as compared to personal loans, which have no collateral. India...
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...water pressure or volume generated is also less and toilets are much more prone to clogging. Individuals are taught at an early age to dispose their used toilet tissue into the basket provided. It is very much possible that restrooms at the company sites do not provide waster basket for used toilet tissues disposal. Or there is no sign in the restroom to let Latino workers know that their toilets have plenty of horsepower to flush away anything. Banking The Mexican banking system is much different than most Anglo Americans are used to. Mexicans distrust banking system due to history of corruption in Mexico. Many of them choose to keep their money in their house. Furthermore, many Mexican immigrants, in fact, immigrants in the U.S. are illegal immigrants or immigrants who lack traditional documents such as a driver’s license and Social Security number or just simply lack of any kind of legal identification to even open a bank account in the U.S. The fear being exposed to the government and lack of understanding on how American banking system work are possible reasons why Latino workers do not use bank. Work...
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...BASEL III NORMS AND INDIAN BANKING: ASSESSMENT AND EMERGING CHALLENGES C.S.Balasubramaniam Professor, Babasaheb Gawde Institute of Management Studies, Mumbai Email: balacs2001@yahoo.co.in ABSTRACT Banking operations worldwide have undergone phenomenal changes in the last two decades since 1990s. Financial liberalization and technological innovations have created new and complex financial instruments/products have increased their role and turnover in financial markets and have rendered banking operations vulnerable to a variety of risks. The financial crisis episodes surfaced since 2006 have highlighted this paradox to a number of central banks operating in different countries and RBI and Indian banking sector is no exception to this phenomenon. Basel framework has been drawn by Bank for International Settlements (BIS) in consultation with supervisory authorities of banking sector in fifteen emerging market countries with the basic objective of advocating codes of bank supervision and promoting financial stability amidst economic crises. This research paper is divided in three parts .The opening part attempts to briefly describe the changes in the banking scenario since 1991 reforms and the necessity of introducing Basel III to the Indian Banking sector. Part II presents the Basel standards framework and explains why the transition from Basel II to Basel III norms has become necessary to bring in measures and safety standards which would equip the banks to become more resilient...
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...AFX 5860 Assignment International Studies in Banking & Finance Visit 1: UN Food and Agricultural Organization [pic] Place: Rome Italy Brief Introduction: The Food and Agriculture Organizaiton of the United Nations (FAO) is a special agency of the United Nations that leads international efforts to defeat hunger. FAO acts as a forum where all nations meet equally to negotiate agreements and debate policy, it also a source of knowledge and information which help developed and developing countries in transition modernize and improve agriculture, forestry and fisheries practices and ensure good nutrition for all (FAO, 2010). Rome Italy is head quarters. It has 191 member states as well as Europe Union and the Faroe Islands, which are associated members (FAO, 2010). FAO is composed of 8 different departments, the meeting is conducted by finance division. Relevant Key Points & Issues The fist half of the presentation briefly introduced the FAO’s role as UN’s agency, its structure, business environment and management. FAO’s mandate is contribute to the growth of world economy and to increase the level of nutrition, with the mission of helping build a food secure world. In order to achieve such mandates, they involves 4 activities which are putting information within reach, sharing policy expertise, providing a meeting place for nations and bringing knowledge to the field. It used result- based management which is an approach that integrates strategy, people,...
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...Zinnov Management Consulting IT Adoption in BFSI Sector in India 2012 This report is solely for the use of Zinnov Client and Zinnov Personnel. No Part of it may be quoted, circulated or reproduced for distribution outside the client organization without prior written approval from Zinnov. India is a fast growing IT market; BFSI vertical constitutes a significant share of the overall spending USD billion $13.7 17.1% FY12 FY11 Distribution of IT Spending in India, FY12 Energy 15.7% Government 15.4% Hardware $11.7 IT Services $12.6 14.4% $11.0 Manufacturing 28.8% BFSI 11.1% Telecom 7.2% Education 1.5% Healthcare 1.0% Software Products $4.2 19.5% Consumers 11.9% Others1 7.0% Retail 0.4% $3.5 Total domestic IT market FY12 ~ USD 30.4 billion Overall, BFSI vertical is contributing significantly to the growth of the Indian economy; its share in Indian GDP is estimated at ~8% Source: Company Annual Reports and Press Releases; Dataquest; Primary Interviews with Stakeholders in the Indian IT Ecosystem; MOSPI; Zinnov Analysis Note: 2 The rapid diversification of the sector including Banks, NBFCs and Insurance presents huge IT opportunity Over 97,000 Scheduled Banks in India (235) Commercial Banks (166) Co-operative Banks (69) Unscheduled Banks Public Sector Banks (26) Nationalized Banks (20) Foreign Banks in India (33) Private Sector Bank (21) Regional Rural Banks (82) Urban Cooperatives (53) State...
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...Marketing strategy effectiveness in Nigerian banks Abstract: Motivated by the substantial changes in the Nigerian banking industry, a survey research was designed to assess the effectiveness of the marketing strategies used by Nigerian banks to cope with the changes in the industry. Overall results from the study show encouraging levels of effectiveness in many dimensions of composite marketing strategies. The findings were discussed along the relevant dimensions of the research, and managerial recommendations were made for efficient and effective marketing strategies in Nigerian banks. Subject: Sales management (Social aspects) Sales management (Political aspects) Goal setting (Social aspects) Goal setting (Political aspects) Public relations agencies (International marketing) Public relations agencies (Political activity) Public relations agencies (International trade) Public relations agencies (Social aspects) Public relations agencies (Political aspects) Marketing (Social aspects) Marketing (Political aspects) Liquidity (Finance) (Social aspects) Liquidity (Finance) (Political aspects) Decision-making (Social aspects) Decision-making (Political aspects) Marketing executives (Surveys) Marketing executives (Political activity) Marketing executives (Social aspects) Marketing executives (Political aspects) Distribution channels (Political aspects) Distribution channels (Social aspects) Marketing research (Social aspects) Marketing research (Political...
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...CONTENTS 1. INTRODUCTION PAGE 4- 6 2. RESEARCH METHODOLOGY PAGE -7 3. RESEARCH DESIGN PAGE -7 4. LITERATURE REVIEW PAGE -8-9 5. DATA ANALYSIS PAGE-10- 13 6. DISCUSSIONS & RECOMMENDATIONS PAGE-13-14 7. CONCLUSIONS PAGE-15 8. REFERENCES PAGE-16-17 INTRODUCTION : Themobilebanking isdefinedas“theprovisionofbanking servicestocustomersontheir mobile devices”: specificallytheoperation ofbank currentand deposit or savings accounts. According torecentresearchfindingsandforecastsinbusiness,mediaandacademia,mobile phonesandhandhelddevicesshouldhavebeenfirmly establishedasanalternativeformof paymentinmosttechnologicallyadvancedsocieties[16].Despiteongoingefforts by key playerssuchas banks, mobilenetworkoperatorsandmobilepayment serviceproviders (MPSP)inpromoting andoffering mobilepaymentoptions,absenceofwidespreadcustomer acceptanceofthisinnovationhaveresultedinalag intheadoptionofmobilepaymentsasan alternativeformofpaymentmechanism[17].Whileeachoftheseplayers approachthe marketwithdifferentexpectations,severalstudieshave shownthatmerchant/consumer adoptioniskey tothesuccessofmobilepayments[16,17].„Mobilepaymentsaredefined as theuseofamobile devicetoconductapaymenttransactionin whichmoney orfundsare transferredfromapayertoareceiverviaanintermediaryordirectly withoutanintermediary‟ [18].Duetotheall-encompassing natureofthisdefinition,itshould bemadeclearthata...
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