Luxembourg’s Alternatives Circular provides a regulated alternative product while allowing the Grand Duchy to retain its competitive edge writes Didier Prime.
While considerable progress has been made to date on the implementation of the FSAP, the ultimate success of the plan is dependent on the political will of the EU to achieve a genuine Single Market in financial services writes Philip Woolfson and Ailsa Sinclair.
Gavin Caldwell explains the benefits to investment managers of complying with Global Investment Performance Standards (GIPS) and urges pension trustees to insist that firms are ‘stamped’ if they wish to be considered for a mandate. Comparing apples with oranges is no longer a viable option in transparent times.
An EU regulation requiring listed companies to prepare financial statements in accordance with International Financial Reporting Standards (IFRS) should be extended to all companies according to the Institute of Chartered Accountants in Ireland (ICAI).
The European Court of Justice has ruled that German thin capitalisation rules are contrary to EU law. In doing so it has called in question a wide range of fundamental tax rules in most European countries.
A number of budgetary measures have detailed aspects which seem either unwise or unreasonable. Hopefully these will have been corrected before the Minister publishes the first draft of his Finance Bill, probably on February 6.
Conor O’Connor, chairman of the Irish Venture Capital Association and chief executive of Enterprise Equity (Irl.) Ltd spends his day checking out new investment projects and catching up with old ones.
Finance asked the winner and runners-up in the annual Irish Association of Corporate Treasurers awards to give their insights on the events of the past year and to look into their crystal balls and predict what lies ahead in 2003.
It will shortly become mandatory for all employers to provide a pension scheme for their employees in order to increase pension coverage in Ireland. If this aim is not achieved, compulsory contribution by employers might be on the Government’s agenda for the future writes Paul Kenny.
