| Securitisation: a great year for the industry |
Issue: 01 / 2004 |
| Peter Walker says that 2003 was a great year for the industry, but that to achieve further growth in 2004 the industry needs to continue to maintain close relationships with the Government, Revenue Commissioners, arrangers, structurers and investors.The more important success stories included the changes introduced by the Finance Act, the first issues under Ireland's pfandbrief legislation, the launch of Air France�s Frans 2003 securitisation and the first collateralised debt obligation (CDO) transactions using an Irish SPV. |
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| Success story: Rabobank’s Irish banking business - one of the AAA rated group's high performers |
Issue: 01 / 2004 |
| Since establishing its Dublin office ten years ago, Rabobank Ireland has 'punched its weight' across a number of areas, and is now known as a high performer in the group. Focused mainly on the international side of things, Rabobank moved into the domestic market in 2001, with its acquisition of ACC, and this, says Fergus Murphy, is a good example of an international banking group which broke into the local market as it became more comfortable with 'all things Ireland'. |
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| Thinking about models |
Issue: 01 / 2004 |
| Business transactions occur in a web of taxation. This is true of almost all asset acquisitions, disposals, and financings. It is especially true of so called “tax based” transactions. Are the present methods of evaluating such transactions adequate? |
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| UK tax changes |
Issue: 01 / 2004 |
| The Chancellor’s pre budget statement did not contain many unexpected tax measures. Some tax measures will be of interest from an Irish perspective. |
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| Unique moment |
Issue: 01 / 2004 |
| January 1st marked the commencement of Ireland’s six-month presidency of the European Union. The Irish Presidency happens at an unique moment in European politics as it will be the last one under the present parliament, and so marks the end of a cycle in European policymaking. |
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| Who's who in Finance: Diarmuid Bradley, Deputy Chief Executive, Permanent TSB |
Issue: 01 / 2004 |
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| Who's who in Finance: Ruth O'Briain, Managing Director, F & C Ireland |
Issue: 01 / 2004 |
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| Who's who in Finance: Sean Hawkshaw, Chief Executive, KBC Asset Management Ltd |
Issue: 01 / 2004 |
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Issue: 12 / 2003 |
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| Accountancy: price war to be a feature of market going forward as big four move into mid-tier territory |
Issue: 12 / 2003 |
| As a result of the Sarbanes Oxley inspired restrictions in relation to providing other services, the big four accountancy firms will increasingly be chasing more mid-tier clientele, which will result in an all-out price war between the big four and mid tier firms, as they seek to replace lost revenue sources with new clients writes Anthuan Xavier. |
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| Budget 2004 - ‘thoughtful, well crafted’ |
Issue: 12 / 2003 |
| Mr McCreevy’s 2004 Budget represents an essential investment in all our futures. It is about future jobs and future prosperity. The key measures were the tax credit for research and development, the exemption from stamp duty on intellectual property, and the introduction of a holding company regime. Much of the rest - personal tax changes, are a distraction from these key reforming features, according to the latest issue of the KPMG Tax Monitor. |
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| Budget 2004 - ‘thoughtful, well crafted’ |
Issue: 12 / 2003 |
| Mr McCreevy’s 2004 Budget represents an essential investment in all our futures. It is about future jobs and future prosperity. The key measures were the tax credit for research and development, the exemption from stamp duty on intellectual property, and the introduction of a holding company regime. Much of the rest - personal tax changes, are a distraction from these key reforming features. |
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| Butler moves to Davy |
Issue: 12 / 2003 |
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| Companies may continue to face deficits on their pension schemes into 2004 despite rise in equity markets. |
Issue: 12 / 2003 |
| Despite the rise in equities experienced by global markets during 2003, some corporate pension funds may still be disclosing deficits on their pension schemes under Financial Reporting Standard 17: Retirement Benefits, writes Brendan Sheridan, in this overview of the significance of fluctuating investment markets for the pension schemes of our major corporates. |
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| Corporate boards need more investor representation |
Issue: 12 / 2003 |
| Corporate boards are relying too heavily on ‘financial experts’ such as chief financial officers to fill directorships, say Thomas A. Bowman and Joe Kavanagh. Instead boards should look to appoint true investor advocates - directors who have spent their professional lives directly serving investors and who have demonstrated their commitment to place investor interests first - they say, particularly in Ireland where there is little or no direct institutional investor representation on Irish boards. |
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