CONSULTANCY

THIRD PARTY CERTIFICATION ON INTERNET BANKING SECURITY

MAS "Internet Banking Technology Risk Management" guidelines issued in March 2001 clearly state that the board of directors and senior management of a bank are responsible for managing its risks, including technology risks which are becoming more prevalent and complex.  A sound and robust risk management framework mandates that the board and senior management of the bank be held accountable for controlling and managing its technology risks and security posture.

The board and senior management of the bank should play a central role in ensuring the adequacy and effectiveness of their risk management processes and security systems. In regard to this function, the responsibility and accountability of the board and senior management is a basic tenet of sound banking practice and corporate governance.

THIRD PARTY CERTIFICATION ON MAS NOTICE 627

CAPITAL TREATMENT FOR CREDIT DERIVATIVES

THIRD PARTY CERTIFICATION for IAS 39 Compliance

We are pleased to announce we are now offering  third party certification for the  determination of fair values in financial instruments.

We can investigate into the  reliability of the estimates used by your bank in determining fair value  for financial instruments.

We can examine the significant  assumptions used in determining fair values for derivatives.

THIRD PARTY CERTIFICATION for MAS 626 Compliance

We are pleased to announce we are now offering  third party certification for the  determination system compliance to MAS 626.

We are the leading expert trainer in Money Laundering Deterrence (MLD).

Financial Crisis Resolution

Facing a Financial Crisis?    Talk to us.

See you at our Executive Breakfast Talk on the first Friday of every month.  

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SAS 33 - 

Implications and Implementation

"...This new accounting standard establishes uniform hedge accounting criteria for all derivatives.  Hedge accounting recognises symmetrically the offsetting effects on net income of changes in fair value of the hedging instrument and the hedged item in order to reduce volatility in the income statement." 

... Read more on SAS 33 

• We provide an objective third-party assessment to banks . 

• We help banks to reduce internal costs and that allows our clients to focus on their core business. 

• We provide an unabiased assessment of the quality of risk management to substantiate sound bank management. 

• We provide an independent verification of bank's risk management program.  

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