| Irish Bankers Federation voices Irish banks’ concerns on IAS 39 (and seeks deferral) |
Issue: 09 / 2004 |
| Irish banks, alongside their counterparts worldwide, object to IAS 39 as they believe this standard would result in increased volatility in financial statements, partly because of its proposed new provisions on hedge accounting writes Catherine Burke. A temporary solution, she says, would be to proceed with the endorsement of IAS 39, but agree a sectoral carve-out for banks that would apply until IASB and the banking industry resolve the hedge accounting issues. |
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| McCreevy tops poll, with Mac Sharry in second place |
Issue: 09 / 2004 |
| Charlie McCreevy, the outgoing Minister for Finance, has been voted Ireland's 'Best Ever Minister for Finance', according to a poll conducted amongst the 12,000 plus readers of FINANCE. Other former ministers who polled well include Ray MacSharry in second place, and Michael Collins in tenth. |
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| Merrion readies second fund launch |
Issue: 09 / 2004 |
| Merrion Capital Group is to launch its second hedge fund in October, the Merrion Global Opportunities Fund.
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| Rapid growth in Irish use of derivatives resumes |
Issue: 09 / 2004 |
| After a slow-down in the use of derivatives during 2002/2003, volumes in the Irish market have almost crept up to levels associated with the introduction of the euro in 1999, with the latest figures showing that the market grew by 38 per cent from March 2003 to March 2004. |
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| Sale of private, independent companies to continue |
Issue: 09 / 2004 |
| The pressure on independent firms will continue to increase, writes Martin A. Rafferty, driven by pressures from larger national competitors as well as new international entrants to the market. This will result in the re-organisation and sale of a large number of family owned businesses he adds. |
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| Tax planning tool for private investors launched |
Issue: 09 / 2004 |
| Morgan Stanley Quilter, the specialist in bespoke investment management services, has launched one of the first Capital Gains Tax (CGT) services in Ireland for investors. |
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| The ‘CFA’ - a key learning experience |
Issue: 09 / 2004 |
| The Irish Association of Investment Managers (IAIM) represents the interests of 13 member asset management firms in the Irish market. A survey of the membership at the end of December 2003 indicated that these firms were managing monies in excess of €187 billion on behalf of domestic and international clients. The association works closely with the Society of Investment Analysts in Ireland in promoting training in the industry, particularly with respect to the Chartered Financial Analyst (CFA) program writes Ann Fitzgerald. |
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| The Autumn recruiting drive kicks off with gusto |
Issue: 09 / 2004 |
| There has been a notable increase in the number of financial positions available over the past two months, with companies recruiting across the entire spectrum of finance and financial services. If you are recruiting for a job which you think should be profiled here, please contact us with the details (email: topjobs@finance-magazine.com). |
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| They said in FINANCE….. |
Issue: 09 / 2004 |
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| Third conference highlights growth of the market |
Issue: 09 / 2004 |
| Following on from the success of last year’s conference, which attracted over 220 delegates from the UK, US, Luxembourg, Jersey, Germany and Ireland, The Third Finance Dublin International Securitisation Conference will be held on 30th November, at a new venue: the Dublin Castle Conference Centre. |
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| Transition to IFRS - how prepared are we? |
Issue: 09 / 2004 |
| With just four months to go to the introduction of International Financial Reporting Standards (IFRS) for listed entities, and optionally many others, Brendan Sheridan examines the status of preparations. He says that from here on, we can expect a question on all investment analysts’ lips to be how does IFRS affect your numbers? |
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| Using risk to grow your business |
Issue: 09 / 2004 |
| Although risk management in Ireland is treated more seriously and at a more senior level than other countries, according to a new survey by Marsh, only a small group of progressive organisations see risk strategically, or as an opportunity. Growth means taking risks and the better the understanding and management of risk within an organisation, the greater can be the return, Kieran McHugh writes. |
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| Who’s who in Finance: David W. Duffy, Managing Director, Prospectus Strategy Consultants |
Issue: 09 / 2004 |
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| With outsourcing set to increase financial institutions need to be sure that it is right for them |
Issue: 09 / 2004 |
| Outsourcing has played a key role in the development of the Irish financial services sector, with a significant proportion of IFSC companies providing third party services, particularly with respect to the treasury and funds industries. While there are considerable benefits to a financial institution to outsource some of its processes, risks exist also. A report by the Joint Forum of the Bank of International Settlements (BIS), entitled Outsourcing in Financial Services, presents a set of principles, which are designed to assist regulated entities in determining the minimum steps they should take when considering outsourcing activities. The main findings of the report are discussed below. |
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| A commercial court will bring savings for businesses |
Issue: 07 / 2004 |
| The business community in Ireland has long complained that commercial litigation is frustratingly slow and hugely expensive. So the establishment of a commercial court will result in savings to business, which will arise from the more specialised approach to cases, and also from using modern information technology when involved in proceedings before the Court, Lea Devitt writes. |
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