| Share-based payments - a new accounting challenge |
Issue: 04 / 2004 |
| With 39 per cent of Irish companies providing shares or share options as an employee benefit, the new IFRS 2 standard on share-based payments will have a significant impact writes Brendan Sheridan. |
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| Survey: the investment attitudes of Irish pension fund managers, including their views on hedge funds |
Issue: 04 / 2004 |
| Hedge funds are becoming an increasingly popular allocation for pension funds but a recent survey has revealed that the main barriers to investing in alternatives is a lack of knowledge, followed by client size and lack of resources, Tom Geraghty writes. |
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| Treasury professionals wanted as GE Capital sets up significant new Dublin operation |
Issue: 04 / 2004 |
| Treasury, structured finance, and funds professionals are in demand this month, with GE Capital setting up a new hedging operation in Dublin, and Rabobank recruiting for structured finance professionals. If you have a job, or if you are recruiting for a significant top job which you think should be profiled here, please contact us with the details (email: topjobs@finance-magazine.com) |
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| Volatility to continue in forex markets, but currencies should trade in narrower ranges |
Issue: 04 / 2004 |
| The euro’s rise against the dollar should come to a halt over 2005, with the dollar having more upside potential, but some degree of volatility will remain, the majority of economists responding to this month’s FINANCE forecasting survey predict. |
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| A Day in the Life of an equity analyst |
Issue: 03 / 2004 |
| Stuart Draper, head of research at Dolmen Securities, describes how a typical day involves providing analysis and views on the main events affecting the share prices of Irish publicly quoted companies. |
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| A worthwhile project |
Issue: 03 / 2004 |
| The announcement this month that Bank of Ireland is to join DEPFA Bank and WestLB in issuing asset covered securities is a welcome development for this new market, which continues to go from strength to strength. (See page 1) |
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| Accenture’s ‘showcase’ goes from strength to strength |
Issue: 03 / 2004 |
| Accenture set up its European shared service centre in Dublin in 1999. Five years on the centre has become increasingly critical to the company’s finance operations, and has added several new value added functions such as controllership, procurement and alliance utilisation, Kevin Graham writes. |
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| Advice to CFOs: don’t fail to find failure in the supply chain |
Issue: 03 / 2004 |
| The financial performance and overall success of manufacturers, retailers, wholesalers, and distributors may depend heavily on the effectiveness and reliability of their supply chains. Here, Kieran McHugh discusses the less obvious potential disruptions that can be as devastating to a firm as more familiar catastrophes like fire and flood. |
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| Another new member on the Irish Stock Exchange |
Issue: 03 / 2004 |
| Susquehanna International Securities Limited, the Dublin based market-making firm, has been admitted as a new member firm of the ISE.The company will deal with market professionals on a principal basis, and will also carry out market making activities in nine Irish securities on ISE Xetra, the Exchange's electronic trading platform. Susquehanna has become the second firm this year to join the ISE, following on from Pershing International Securities’ membership last month. |
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| Audit committee guide |
Issue: 03 / 2004 |
| PricewaterhouseCoopers has launched an Audit Committees Best Practice Guide, which is intended to provide audit committees with details of best practice on areas such as audit committee organisation,the role to be played in overseeing internal control processes and financial reporting,managing the internal and external audit relationships and communicating the committee’s activities to the relevant stakeholders. It also includes guidance on the issue of reviewing audit committee effectiveness. |
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| Covered bond market to grow to €50 billion as new issuer joins |
Issue: 03 / 2004 |
| Bank of Ireland’s intention to issue €10 billion in asset covered securities over the next 4/5 years has given a boost to the Irish asset covered securities market, which is currently the third largest in Europe, (See adjacent graph which shows Ireland's share of the European covered bond market, year to date) with the overall size of the market predicted to grow to €50 billion. |
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| Deal of the Year 2004: Eircom�s �3.4 billion IPO leads the deals in 2004�s M&A directory |
Issue: 03 / 2004 |
| The telecommunications company eircom has gone against the trend of companies de-listing, by going public on March 19th, and in doing so, becoming the first IPO on the Irish Stock Exchange since 2000. However, the other top deals of the past 12 months as selected by Ireland�s leading corporate financiers the acquisition of First Active by Royal Bank of Scotland, and the management buy-out (MBO) of Riverdeep are further examples of companies either going, or being taken, private. |
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| DIRT problems? |
Issue: 03 / 2004 |
| Recent decisions of the European Court of Justice (ECJ) have struck down thin capitalisation rules, cast doubts on the legality of aspects of deposit interest retention tax, and struck down exit charges on changing residence. Further judgements are likely to strike down controlled foreign company legislation and denial of relief for overseas losses. |
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| Dublin - an emerging centre |
Issue: 03 / 2004 |
| With increasing advancements in technology, hedge funds no longer have to operate in the main centres, and Dublin is emerging as a new management centre. |
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| EU initiative needed to solve regulatory gap in indemnity insurance |
Issue: 03 / 2004 |
| There exists a major regulatory anomaly in Ireland in respect of Medical Indemnity/Insurance contracts Professor Ray Kinsella writes. Unless it is addressed, in terms of legislation and regulatory process, it will constitute a threat, not alone to the patient but, also, to the wider public interest. |
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