| Significant falls in financial services salaries |
Issue: 08 / 2008 |
| Salaries in most of the main financial occupations have fallen, some significantly, between 2007 and 2008, according to a survey of job postings in FinanceJobs.ie over the past year – so is it the end of an era, or the beginning of something new?, Geraldine Pollock asks. Job offers in financial services remained firm through the Autumn of 2007, but with the dawning of the new year, the trend, like house prices, has been downward. According to the first annual survey of salary levels computed on the FinanceJobs.ie website, salary offerings in summer 2008 are running down by between 5 p.c.-10 p.c. in the main financial occupations compared with the end of 2007. |
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| Tax in turbulent times - easing corporate pain |
Issue: 08 / 2008 |
| Managing a group’s tax affairs can be equally challenging in times of rapid expansion or retrenchment. However different issues take centre stage as economic circumstances change.
Brian Daly raises some tax issues which corporates may face in the current environment. |
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| Tax loss optimisation in a bear market |
Issue: 08 / 2008 |
| Mike Gaffney points out that attention to detail may be required to realise value for losses on investments where gains have hitherto automatically been taxed. |
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| The credit crunch and its impact on financial centres |
Issue: 08 / 2008 |
| John Coffey analysed the differential impact of the ongoing credit crisis, pulling no punches in a global tour of money and capital markets centres in a paper at the inaugural Fintel Global Financial Centres Conference in the RHK, Dublin, run by the publishers of Finance. He surveys the ongoing impact of the credit crisis on financial markets, and currencies, forecasting, at the conference on June 17th, a bottoming out of the US dollar. He also assessed the reaction of different central banks around the world to the crisis. |
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| The GFCI ratings - by its author |
Issue: 08 / 2008 |
| The GFCI Index, developed by Prof Michael Mainelli is becoming the benchmark of international financial centres excellence. He spoke about it, and rising centres. |
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| The Global Financial Centres Conference in Dublin |
Issue: 08 / 2008 |
| Over half of the world's financial centres were represented and analysed at the inaugural financial services conference organised by Fintel on June 16th and 17th 2008.
The conference was addressed by over 40 speakers from financial centres, and global regulatory bodies, including Commissioner McCreevy of the EU, Commissioner Paul Atkins of the United States Securities & Exchange Commission, and Jeffrey Owens, of the OECD. Key sponsors included major accounting firms, PWC and Ernst & Young, and among the banks and financial institutions sponsoring were HSBC, Northern Trust & BNY Mellon. |
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| The Netherlands: the financial niche player |
Issue: 08 / 2008 |
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| The OECD’s agenda on tax competition and tax havens |
Issue: 08 / 2008 |
| Europe must embrace tax competition, but to get the full benefits it must be transparent, cooperative and based upon service provided, not secrecy, according to Jeffrey Owens, head of the OECD’s drive in the 2000s on tax havens and tax compeititon |
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| The purpose of financial centres - a key consideration |
Issue: 08 / 2008 |
| The cultural aspect of a particular financial centre may not be top of the list in the decision-making process - but it is very important, said Aidan Walsh. |
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| Ulster’s capital markets head |
Issue: 08 / 2008 |
| In his role as head of capital markets at Ulster Bank Group David MacNeice leads a team which provides interest rates, foreign exchange and commodity hedging solutions to the bank’s customers, as well as capital protected structured investment products. Since starting the role in January 2008, MacNeice has adjusted to an early start time – helped by a shot of coffee in the morning and a blast of Led Zeppellin to round off the day. |
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| Vodafone 2 - death knell for UK CFC rules? |
Issue: 08 / 2008 |
| On 4th July, the UK High Court ruled in the Vodafone 2 case that the UK controlled foreign company (“CFC”) rules were incompatible with EU Law in the light of the Cadbury Schweppes case. Liam Lynch discusses the implications of this ruling. |
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| Where tax issues are making a difference |
Issue: 08 / 2008 |
| The developing agendas on tax are creating opportunities for financial centres said Pat Wall. |
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| ‘Foot dragging’ must not cause Code of Conduct to fail |
Issue: 07 / 2008 |
| Charlie McCreevy’s ‘Code of Conduct’ is opening up the market for clearing and settlement, says Pierre Francotte chief executive officer of Euroclear, in an exclusive interview with FINANCE. The ‘Code of Conduct’ which will help to liberate European competition in the post-trade services must succeed to avoid a prescriptive Directive that would slow progress for the industry. Francotte discusses Euroclear’s plans of a Single Platform with the aim of creating a ‘domestic market for Europe’ and looks at other issues in the post-trade environment such as Target2-Securities & the Giovannini Group barriers. |
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| Care needed in responding to the credit crisis at regulatory level |
Issue: 07 / 2008 |
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| Collins Stewart chairman explains value of ISTC model |
Issue: 07 / 2008 |
| In an exclusive interview with FINANCE, Terry Smith, chairman of Collins Stewart the company who acquired ISTC looks at the immediate plans for ISTC, evaluates ISTC’s business model and the longer term outlook for the business. Smith also looks at other investment opportunities in current markets and looks at the prospects for Ireland where Collins Stewart recently became a trading partner of the Irish Stock Exchange. |
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