Abcd New Business Process February 2002. abcd 1 UBS Warburg New Business GroupUBS Warburg New Business Group (NBG) UBS Warburg Chief Risk Officer Mark.

Slides:



Advertisements
Similar presentations
Overview of AS 30 Financial Inst. & Derivatives. Flow of presentation Overview of AS 30 Derivatives Financial Instruments Hedge Accounting Key Challenges.
Advertisements

Development of a Mongolian MBS Market Workshop on Housing Finance 28th June 2011 Presented by Jim France.
Remittances and Financial Inclusion Workshop July , Sydney Carlo Corazza Payment Systems Development Group Financial Infrastructure Service Line.
London Compliance MiFID Overview BCS 25 th April 2005 Simon Barker Head of Regulatory Affairs BNP Paribas London branch.
BASLE II : KEY ISSUES Basle II : key issues 2 1.What’s new with Basle II 2.Implementation plan whithin Société Générale group 3.Key issues.
Tax Risk Management Keeping Up with the Ever-Changing World of Corporate Tax March 27, 2007 Tax Services Bryan Slone March 27, 2007.
Charles E. Constantin Director, Senior Bank Regulatory Compliance Officer Royal Bank of Canada, RBC Capital Markets Institute of International Bankers.
Canadian Chartered Banks – Example of RBC
Bank Brokerage Multinational companies have limited choices in selecting a bank when they enter a foreign market. Blades International, Inc. assists in.
1 Multinational Corporation (MNC)Foreign Exchange MarketsProduct MarketsSubsidiaries International Financial Markets Dividend Remittance & Financing Exporting.
Lecture 8 Understanding entity and its environment
Emerging Markets Finance Spring 2002 Wei Li Darden School of Business Acknowledgement: Some of the materials are drawn from IMF reports and from Professor.
International Networking Credit & Political Risk May 2, 2006.
1 Oversight of New Product Development FIRMA Conference Phoenix April 17, 2007 Presented by George Lencyk.
1 Understanding International Surety Placement We’re Not in Kansas Anymore Presented by Nate Zangerle and Nicholas Kim Liberty Mutual Surety April 8, 2014.
ISDA International Swaps and Derivatives Association, Inc. Overview of ISDA Activities Sao Paulo, Brazil August 6, 2002 Ruth Ainslie Senior Policy Director.
Portfolio Management Grenoble Ecole de Management.
DRAFTING AND IMPLEMENTING TRADING POLICIES AND PROCEDURES IN THE DODD-FRANK ERA MAY 23, 2011 Miki Kolobara, Esq.
© 2011 South-Western | Cengage Learning Global Financial Activities Financing Global Business Operations Global Financial Institutions.
Sapient Insurance Partners. Overview & Services We have almost four decades of combined experience in the property & casualty insurance and reinsurance.
Investment Philosophy & Process Page 1. Key success factors for credit investments in India On ground presence to source, understand & manage credit,
Eastern Chamber of Commerce Challenges faced when going Public September 11, 2013.
Citi REO Strategy & Community Relations September 15, 2009.
Governance of the Treasury Function CIPFA Scottish Treasury Management Forum Alan George, Regional Director 23rd February 2012.
Barriers to the Financing of Leasing in Ukraine A personal view of Martin J. Elling 21 February 2006.
Outsourcing Louis P. Piergeti VP, IIROC March 29, 2011.
All information contained within this document is proprietary to Risk Limited Corporation. prepared by Commercial Real Estate Hedging & Risk Management.
Risk Management Office ECO-IDB Workshop on Risk Management 4 March 2012.
INTERNATIONAL SWAPS AND DERIVATIVES ASSOCIATION Derivatives and Risk Management in Mexico Robert Pickel, Executive Director and CEO, ISDA Ruth Ainslie,
Implications of the Markets in Financial Instruments Directive (“MIFID”) Richard Thompson.
Consolidated Supervision: Managing the Risks in a Diversified Financial Services Industry Barbara Baldwin June 2001.
Financial Conglomerates, What are the Inherent Risks? 2006 CIAB Conference Port-of-Spain, Trinidad & Tobago November 16, 2006 Thordur Olafsson, CARTAC.
Code of Conduct for Electricity Trading: Improving confidence and liquidity in electricity markets EURELECTRIC WG Trading Athens Forum, 3-4 June 2004.
Overview of Credit Risk Management practices in banksMarketing Report 1 st Half 2009 Overview of Credit Risk Management practices – The banking perspective.
A Checklist for Business Profiling John Perry, UK Office for National Statistics.
Chapter 8 The role of accouting Qiang Jiang School of Business Sichuan University, China
Rick Watson Managing Director and Head of the European Securitisation Forum +44 (0) Prospects for Securitisation.
INTRODUCTION TO BOOK-KEEPING AND ACCOUNTANCY Samir K Mahajan.
Dealing Rooms since the Financial Crisis Dr Yves Wagner The Director’s Office LIA October 2009 The Asset Managers’ and Institutional Investors’ Perspective.
Winston & Strawn LLP © 2007 CHICAGO GENEVA LONDON LOS ANGELES MOSCOW NEW YORK PARIS SAN FRANCISCO WASHINGTON, D.C. Institute of International Bankers Seminar.
Best Practices FX Business. Pre-trade preparation and documentation.
Accounting for Branches Combined Financial Statements Pertemuan 5-6 Matakuliah: Akuntansi Keuangan Lanjutan I Tahun: 2010.
MNEs need access to capital Finance is integral to firm’s operating strategies Concern with access to capital in local and global markets Finance and Treasury.
MNEs need access to capital Finance and Treasury Functions in the Internalization Process Chief Financial Officer (CFO)—vice president of finance Multinational.
Financial Accounting (FI)
Enterprise Risk Management for US Operations of International Banks Communication and Education.
Chapter 7 Branch Accounting. Section 1 Branches  1.The main form of branches branch; branches; chain; branch  2.The form of branch accounting non-independent.
Managing Market Risk. Board of Directors The Boards defines –Market risk –Management policies –Procedures –Prudential risk limits –Review mechanisms –Reporting.
Merrill Lynch Matt Western ACG2021 Section 002. Executive Summary Overall Merrill Lynch had a great year in They increased their revenues 11% from.
Trade Credit Risk Business Insurance Australia Phone
ICPAK The Financial Reporting Workshop Kisumu, Imperial Hotel November 20, 2014 Accounting issues applicable to Investment Funds.
International Banking. Description Cross border cross country facet of banking business May not necessarily own or hold a physical presence offshore Traditional.
World Bank International Standards and their Measures for Financial Institutions and Non-Financial Businesses and Professions to Prevent Money Laundering.
Units in the 1993 SNA SNA/M1.06/25.2 Fourth meeting of the Advisory Expert Group on National Accounts 30 January – 8 February 2006, Frankfurt UN STATISTICS.
1 Banking Risks Management Chapter 8 Issues in Bank Management.
McGraw-Hill/Irwin © The McGraw-Hill Companies 2010 Auditing the Financing/Investing Process: Long-Term Liabilities, Stockholders’ Equity and Income Statement.
December Why Program-for-Results (PforR)? Development Effectiveness and Client Demand – PforR responds to client demand that could not be fully.
COMESA MONETARY INSTITUTE TRAINING ON MACROPRUDENTIAL POLICY TOOLS RELEVANT FOR COMESA MEMBER COUNTRIES WORKSHOP II: DSIBS FRAMEWORK SOLUTIONS.
IPSAS 29:FINANCIAL INSTRUMENTS. Introduction IPSAS 29 prescribes recognition and Measurement principles for financial instruments and is primarily drawn.
MiFID II/R Systematic Internalisers for bond markets Updated November 2016 Author: Andy Hill.
Interim Results 2007 September 2007
Measurement of Operational Risk
External Sales & Agreements (Contracts)
Sales Process March 2017.
Investor protection and MIFID
INTRODUCTION TO BOOK-KEEPING AND ACCOUNTANCY
EU GATEWAY TO KOREA Facilitating long-lasting business collaborations
Tessa van der Willigen and Pedro Rodriguez
UNDERSTANDING THE ENTITY AND ITS ENVIRONMENT AND ASSESSING THE RISKS OF MATERIAL MISSTATEMENT Topic 5.
Objectives, Strategies and Related Business Risks
Presentation transcript:

abcd New Business Process February 2002

abcd 1 UBS Warburg New Business GroupUBS Warburg New Business Group (NBG) UBS Warburg Chief Risk Officer Mark Wallace UBS Warburg Chief Credit Officer Ian Drew Global Head of New Business Joel Forbes Stamford x5978 Regional Head Asia Pacific Martin Goodman Sydney x2323 Regional Head Americas Alex Fusco Stamford x5550 Regional Head Europe Mana Abedi London x84290 Jeff See London x77218 Rainer Haeberle Zurich x95870 Paul Nathan London x87306 Jason Hope Tokyo x7330 Global - Admin. Assistant Stacey Tate Stamford x 6728

abcd 2 Applicable Policies  The NBG is primarily concerned with Risk Identification, and ensures adherence to the following policies:  the New Business policy  ensures that all risks are considered and analysed before any new business (or new product or significant change) is undertaken.  requires all relevant support functions to sign off before the business starts.  the Transactions Requiring Pre-Approval (TRPA) policy  ensures that transactions which are large/ complex/ heavily structured/ tax, legal, accounting or regulatory sensitive/ non-vanilla are reviewed by all appropriate support functions before they are executed.  the Special Purpose Vehicles & Client Created Vehicles policy  ensures that appropriate controls are applied to the establishment, maintenance and routing of transactions through SPVs.

abcd 3 New Business Policy  New Business:  Entry into a new market, or  Trading within a product class in which UBS Warburg has little or no existing activity.

abcd 4 New Business Policy  New Product:  Introduces a risk exposure that is not captured within the existing risk management or risk control framework, or  Requires a new model for its valuation, or  Requires modification to processing systems to accommodate trade input, transaction recording, accounting, or other steps along the trade flow, or  Introduces unique credit, legal, tax, regulatory or reputational considerations,  The definition of a new product includes the opening up of exposure to a new country, new currency or new exchange (including a new exchange traded instrument).

abcd 5 New Business Policy  Significant Change:  A material development within an existing business and product range. This would include a significant expansion of the business; a change in the support arrangements for the business; or a widening of the target client base.  Establishment of a new SPV.  Discontinuation or sale of a product line or business, or closure of an office, branch or subsidiary.

abcd 6 Transactions Requiring Pre-Approval (TRPA)  Large Transactions  potential loss in excess of CHF 20m  Heavily Structured or Complex Transactions  highly tailored to requirements of a counterparty  involving bespoke models for valuation and risk management  concentration of non financial risk  Corporate Finance code named deals  Tax, Legal, Accounting or Regulatory Sensitive Transactions  Non Vanilla Transactions  non-standard cashflows, terms or conditions  off market pricing  valuation and risk management model not yet approved  not automatically captured in CRC or MRC risk measurement systems  requiring exceptional processing by Operations  non-standard UBS Warburg booking entity or SPV

abcd 7 TRPA - Process  It is the responsibility of the business to obtain pre-approval where necessary.  Credit Risk is most often the first point of contact for all transactions requiring pre-approval.  The Credit Officer can identify if a transaction involves credit risk and/or market risk only or if other risk categories are involved.  If other risks are involved, NBG facilitates the approval process.  NBG act as co-ordinators.

abcd 8 Further Reading  New Business policy, GMCP  Transactions Requiring Pre-Approval policy, GMCP  Special Purpose Vehicles and Client Created Vehicles policy, GMCP 010 ‑ 004.  Policies to be found at: within Global Market & Credit Risk Policies.