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BlackIce and the State Bank of Vietnam Host Basel Compliance Seminar
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(via Thenewswire.ca)
Vancouver, BC / TheNewswire /April 27, 2015 -- BlackIce Enterprise Risk Management Inc. ("BlackIce") (CSE: BIS), (Frankfurt: B2I) co-hosted and presented at an official seminar on April 22, 2015with the State Bank of Vietnam ("SBV").
The workshop focused on the Basel accord and 'Best Practices' inimplementing Basel regulatory standards and Project Management Office (PMO) initiatives.It was organized by Vietnam's BTCI (the Bank Training and Consulting Institute of Manpower, Banking & Finance), with Mac Kalyan, CEO of BlackIce, as the key speaker. The workshop was held at SBV headquarters in Hanoi and over 100 banking professionals from leading Vietnamese banks attended.
BlackIce was invited by SBV to lecture at the workshop, explaining how International Banking regulations are being standardized under the Basel Accords, and how to implement these standards using BlackIce's software solutions.
The seminar commenced with welcoming speeches from SBV Deputy GovernorNguyenKim Anh, stressing the importance of implementing sound risk governance and principles, followed by a presentation from Le Trung Kien, Deputy Director, Prudential Regulations and Policies Department, Banking Supervisory Agency, on Basel II Implementation in Vietnam.
Mac Kalyan, CEO of BlackIce then presented the BlackIce Canadian industry-tested approach to project management. Mr. Kalyan demonstrated BlackIce's "Governance and Compliance Database" (GCD(TM)),and industry-leading "Enterprise Risk Aggregation" (ERA(TM))reporting library, and how these products can enable institutions to effectively manage their Basel implementation and compliance initiatives.
A healthy Q&A session followed the presentations.
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Mr. Nguyen Kim Anh, SBV Deputy Governor, addresses the attendees.
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Mr.Le Trung Kien, Deputy Director, Prudential Regulations and Policies Department, Banking Supervisory Agency on Basel II Implementation in Vietnam,talks about the importance of having a Project Management Office for Basel implementation
About BlackIce Enterprise Risk Management Inc.
BlackIce has developed an Enterprise Risk Aggregation (ERA(TM))solution, an open platform software application that delivers end-to-end data and analytical standards to meet all of the regulatory expectations of Basel (I, II & III) as well as the BCBS Risk Data Aggregation & Reporting (RDA) requirements, and the FSB (Financial Stability Board) Legal Entity Identifier program for monitoring concentration risk.
The company's Governance & Compliance Database (GCD(TM))is an application that allows financial institutions to assess, govern and manage adherence and compliance to regulatory guidelines across multiple regulatory requirements including: Basel II/III; Recovery Plans; Risk Data Aggregation and Risk Reporting and Financial Stability Oversight.
For more information about BlackIce Inc., and ERA(TM) visit www.blackiceinc.com.
BlackIce Enterprise Risk Management Inc.
Mac Kalyan
CEO, & Chairman
Forward-Looking Information
This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business and trading in the common stock of BlackIce Enterprise Risk Management Inc. The forward-looking information is based on certain key expectations and assumptions made by the company's management. Although the company believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because the company can give no assurance that they will prove to be correct. These forward-looking statements are made as of the date of this press release and the company disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.
The CSE has not reviewed, approved or disapproved the content of this press release.
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