| First MBS of 2004 launched |
Issue: 10 / 2004 |
| Irish Life & Permanent has successfully raised over €1.5 billion in a major securitisation of the mortgage book of its UK subsidiary, Capital Home Loans (CHL). The securitisation is the largest ever undertaken by the group. |
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| Going in the right direction |
Issue: 10 / 2004 |
| As deputy chief executive of the Irish Bankers Federation, a typical day for Enda Twomey involves co-ordinating the work of the Federation of International Banks in Ireland (FIBI), responding to EU regulatory developments, and meeting with member institutions. |
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| How do stock markets react to changes in oil prices? |
Issue: 10 / 2004 |
| With oil prices continuing to reach record highs, the ECB examines the impact this is expected to have on the stock markets. |
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| IFRs – a boon for business |
Issue: 10 / 2004 |
| Irish accountancy firms are overwhelmingly positive regarding the impact on their business of the implementation of International Financial Reporting Standards (IFRs) a survey on practice management trends in accountancy has revealed. |
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| Industry matures as capital sourcing is transformed from high net worth individuals to institutions |
Issue: 10 / 2004 |
| U.S. institutional investor capital in hedge funds is forecast to increase from $60 billion to $300 billion within five years, a new report commissioned by the Bank of New York reveals. Institutional capital is driving this growth, and will soon account for more than 50% of annual net new flows into the hedge fund industry. |
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| Intelligence gathering or intimidation? |
Issue: 10 / 2004 |
| The UK has followed USA example by requiring notification to the Revenue of certain tax planning. Is this a legitimate collection of information or is it part of a wider campaign to vilify and intimidate larger taxpayers? Is there evidence of a similar campaign in Ireland? |
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| Jobs in finance: using a career coach to improve your prospects |
Issue: 10 / 2004 |
| Management style is just as important as technical competence in the impact a new chief executive officer (CEO) will have, Caitriona Murphy writes. She recommends the use of a coach to assist in the transition to the role of CEO, as this will help the CEO manage his relationship with the chairman and build effective interactions with non-executive directors. |
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| Maximising value for the seller |
Issue: 10 / 2004 |
| Traditionally due diligence is a process carried out by the purchaser so that he may assess the pig before he purchases the poke. There are many advantages to a vendor in commissioning due diligence in advance of a sale, including due diligence on the taxation aspects. |
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| New member firm on ISE |
Issue: 10 / 2004 |
| CCF S.A., the French subsidiary of banking group HSBC, has been admitted to membership of the Irish Stock Exchange as a primary dealer in Irish government bonds, bringing the number of primary dealers up to eight. |
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| Reputational risk is now the biggest threat to an organisation’s value |
Issue: 10 / 2004 |
| Risk management in general has climbed higher up the corporate agenda, a new survey of more than 130 senior executives in financial services institutions reveals, and an awareness of unquantifiable risks in particular has grown markedly, with reputational risk now regarded as the greatest threat to an organisation’s market value. Alan Merriman reports on the main findings of the survey. |
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| Single financial services Bill proposed |
Issue: 10 / 2004 |
| The Department of Finance has launched a consultation process on how best to achieve consolidation and/or simplification of the legislation governing the regulation of the financial services sector. |
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| The EU Pensions Directive - considerations for transposition |
Issue: 10 / 2004 |
| The EU Pensions Directive, which represents an attempt to harmonise cross-border provision and regulation of financial services in the pension sector, must in large part be transposed into Irish law by 23 September 2005. Tom Carney reports on developments to date, and says that transposition of the Directive is an ideal opportunity for consolidation of all pension legislation, old and new. |
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| The transition to IFRs is driving growth in the accountancy recruitment market |
Issue: 10 / 2004 |
| With corporates busy preparing for the introduction of International Financial Reporting Standards (IFRs) in 2005, accountants with IFRS experience are in demand, as are CIMA qualified accountants with previous financial services experience, Cara O’Leary writes. |
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| Traders to build houses |
Issue: 10 / 2004 |
| Two of Bank of Ireland Global Markets traders are about to swap their Bloomberg screens for builder’s tools. Paul Flynn (trading group) and Joe Dunphy (financial institutions) have signed up for this years ‘Niall Mellon Township Challenge’ in South Africa. |
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| Upsurge in accountancy jobs as growth of 21 per cent is predicted over the next year |
Issue: 10 / 2004 |
| Firms responding to the annual FINANCE accountancy survey say that they will recruit over a thousand additional employees in the coming year, with the introduction of new accountancy standards being cited as a key driver of the growth. |
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