Search Results for: Tradition
Islamic finance body AAOIFI to discuss global accounting standards
November 18th, 2014
The Bahrain-based Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) is engaging its counterpart in conventional finance to discuss the convergence of corporate accounting standards. The move is a shift in approach by AAOIFI, which has traditionally developed accounting standards ...
Madoff Trials in Geneva Loom Six Years After Fraudster Confessed
November 13th, 2014
Almost six years after Bernie Madoff admitted his investment firm was based on “one big lie,” two European criminal cases linked to the convicted fraudster are working their way to trial in Geneva. Prosecutor Marc Tappolet is finishing an indictment of ...
The Two New Tools of Monetary Policy
November 12th, 2014
Every basic exposition of how monetary policy is conducted before about 2008 is soon to become obsolete. The three basic monetary policy tools that used to be taught in almost every introductory economics course were changing reserve requirements, changing ...
London Stock Exchange plans midday dip into its new dark pool
November 6th, 2014
The London Stock Exchange (LSE) is to launch an anonymous auction for two minutes at noon each day in a bid to take ground from so-called dark pool trading facilities that have been gaining market share. Dark pools are ...
MPs urged to back readoption of European arrest warrant
November 6th, 2014
Britain risks becoming a haven for fugitives if MPs fail to endorse the country’s participation in the European arrest warrant (EAW) in a forthcoming parliamentary vote, leading legal, law enforcement and academic figures have warned. The EAW is one ...
IOSCO publishes strategic framework for Investor Financial Education
November 4th, 2014
The International Organization of Securities Commissions today published a final report on the Strategic Framework for Investor Education and Financial Literacy, which describes IOSCO’s role in promoting investor education and financial literacy and its strategic approach to both. The ...
Hedge funds pursue alternative lending
November 3rd, 2014
Sharp-suited hedge fund managers used to look down with disdain at the humdrum world of commercial banking. Now, this low-octane finance is being viewed by some as the biggest opportunity in a generation. In the past year some of ...
Bahrain fund Mumtalakat sets up $1bn bond, sukuk programmes
November 3rd, 2014
Bahraini sovereign fund Mumtalakat has set up separate bond and sukuk issuance programmes in the Irish stock exchange to raise as much as $1 billion, to help refinance maturing debt next year. One of the smaller sovereign wealth funds ...
Hello Markets Enters Partnership With Bullion Capital
October 31st, 2014
Hello Markets’ collaborates with Bullion Capital and expands the company’s product offering to include online trading in precious metals in forex. Hello Markets, a leading white label software provider for online trading, has announced that it has begun collaboration ...
Banque Internationale À Luxembourg Opens DIFC Branch
October 31st, 2014
Banque Internationale à Luxembourg (BIL), the oldest bank in Luxembourg, announced on October 27, 2014, that it has opened its first United Arab Emirates (UAE) branch in the Dubai International Financial Centre (DIFC). The bank said the opening of ...
