Search Results for: CIF
Wide global divergence in corporate governance requirements
November 21st, 2014
Adequate and effective corporate governance (CG) is critical in supporting boards and management to navigate uncertainty in the international business arena. Yet, a joint study by ACCA Singapore and KPMG in Singapore reveals a wide divergence in CG requirements ...
ASIC takes civil action against LM founder and former directors
November 20th, 2014
ASIC has started legal action against LM Investment Management Ltd (LMIM) founder, Peter Charles Drake, and former directors, seeking financial penalties and banning orders following the collapse of the Gold Coast-based fund manager. ASIC’s civil penalty proceedings in the ...
Islamic finance body AAOIFI to revise four standards, eyes sukuk
November 20th, 2014
The Bahrain-based Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) will revise four of its standards in the first half of next year while expanding its guidance for Islamic bonds, the industry body said. Earlier this month, AAOIFI issued ...
Technology In Accounting: Banks Should Mind the Gap
November 19th, 2014
Financial institutions often turn to technology to meet increases in regulatory and reporting demands, dedicating large and ever-increasing portions of their budgets each year to investments in tools and solutions that promise to help meet new regulatory requirements and ...
SEC Charges Unregistered Broker With Stealing From Investors in Fraudulent Day Trading Scheme
November 19th, 2014
The SEC alleges that Albert J. Scipione and his business partner solicited investors to establish accounts at their company called Traders Café for the purposes of day trading, which entails the rapid buying and selling of stocks throughout the ...
Warning: Stocks Will Collapse by 50%
November 18th, 2014
It is only a matter of time before the stock market plunges by 50% or more, according to several reputable experts. “We have no right to be surprised by a severe and imminent stock market crash,” explains Mark Spitznagel, ...
Islamic finance body IIFM launches collateralised murabaha standard
November 17th, 2014
The Bahrain-based International Islamic Financial Market (IIFM) has launched a standard contract template for collateralised murabaha transactions, aiming to boost use of a sorely needed liquidity management tool for Islamic finance institutions. The standard will serve as an alternative to repurchase ...
G-20 Plans $2 Trillion Growth Boost to Uneven Global Economy
November 17th, 2014
Group of 20 leaders agreed to take measures that would boost their economies by a collective $2 trillion by 2018 as they battle patchy growth and the threat of a European recession. Citing risks from financial markets and geopolitical ...
Sydney Yuan Hub Seen Saving Importers 7% in Trading: Currencies
November 17th, 2014
Australian importers are in line for a windfall as speculation grows that Chinese President Xi Jinping will use his visit to the country this week to anoint Sydney as a yuan trading center. The ability to exchange Australian dollars ...
China Stocks Fall on Last Day Before Link Start as Brokers Drop
November 14th, 2014
Chinese stocks fell on the last trading day before the start of the trading link between Hong Kong and Shanghai amid concern recent rallies were excessive. China Communications Construction Co. (601800) and ChinaCAMC Engineering Co. led declines for industrial companies with losses of more than 3 ...
