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Diverse Expectations
While the fundamentals of corporate governance apply across all substantial public and private enterprises, demands and capabilities of stakeholders vary. The family in family-businesses, institutional investors and private equity companies, shareholders, who contribute capital; third parties like auditors and rating agencies assess the risks; regulators, employees, customers, civil society - in short, Corporate Governance has different connotations for each of these segments.

Training in the Banking industry is always in demand. Listing below some topics that are usually required for trainings by Banks/ NBFC.

-Credit appraisal- SME/ Agri/ mid Corporates/ Large borrowers-
-Legal aspects of banking- rights and obligations of bankers/ customers
-FSLRC Act/ Banking Ombudsman
-Types of charges and modes of creating charges
-Balance Sheet Analysis- Large corporates/ group appraisals
-Retail Banking- Deposits,Lending,cross selling
-Marketing Financial Products
- Customer service- how to attain the gold standard

MAIN TYPE OF FRAUD THAT AFFECT COMPANIES
• Account take-over - where a fraudster collects sufficient information about the victim to dupe the victim’s financial institution that they are the customer

HOW IS THE ID OBTAINED / USED
• Personal Theft / Social Engineering / Internet / Business Theft / Lost
• Information on Company Directors obtained via Companies House
• Instances of insider infiltration – obtaining information to be used in fraud
• Fraudster has sufficient information to pretend to be customer and uses it

"Why reputation is damaged when customers are taken for a ride"

It is the same story being repeated time and over again. Startups, larger companies, well established companies all dealing with customers, sometimes tend to take customers for granted.

Risk appetite, stress testing, and capital planning are inextricably linked because it is difficult to address any of the three concepts individually without addressing the others.

Risk appetite can be regarded as the most fundamental concept for the following reasons:

•It drives the other two:
o It is not as meaningful to analyze the implications of a stress test, or to plan how much capital the bank will require, without first reconciling risk-taking and business goals.

•It comes from the top:
o Risk appetite is a board-level initiative that permeates the entire organization.

At Riskpro, our goal is to bring you closer to global best practices in Risk Management. Often, we share relevant and useful content from other leading risk consulting organization. Given below is a very good document from Ernst & Young on Risk Management.

www.ey.com/Publication/vwLUAssets/Insurance_Business_Pulse,_2013%E2%80%9...$FILE/Insurance-Business-Pulse-2013%E2%80%932015.pdf

The Wolfsberg Principles gives a rule of thumb of one year after giving up a political function but some other guides give a two year period and individual practice may vary from one financial institution to another.

Every training channel has its advantages and disadvantages. Today, we will evaluate how AML E Learning can be an effective tool to manage money laundering.

Firstly, it is important to understand why Banks are at risk from money launderers. The biggest risk is the willingness of the Bank to prevent money laundering. Taking a few cases of international banks, these Banks knowingly allowed money laundering primarily with a business objective of earning larger profits from these transactions. It was a strategic decision.

Although, under Basel II, Indian Banks are adequately capitalized well above the minimum regulatory threshold of 9% Capital Adequacy Ratio, my study has highlighted the fact that in case Basel 3 changes get implemented in India, from the stipulated date in 2012, their would be substantial reduction in the Tier I Capital of Indian Banks with the % reduction in Tier I capital as high as 25% for IDBI,Central Bank, while a reduction range of 10-15% for SBI, PNB,Bank of India, Union Bank ICICI,Kotak,Yes Bank etc.