I am greatly honored to be here as Chairman of the Basel Committee on Banking Supervision. I’d like to begin by thanking the Swiss National Bank‚ Kurt Hauri and the Swiss Federal Banking Commission‚ and Andrew Crockett and the BIS for organizing and hosting this important conference. They’ve done a wonderful job‚ for which I know we’re all very grateful. It is also a great pleasure to be with you under such dramatically different circumstances than when we last gathered together. Just two years
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Ballesteros‚ Ted Maducdoc‚ Gervi Valdecañas‚ Francesco Adel Yau‚ Matthew MFIMET2 K31 Topic: The impact of the subprime mortgage crisis on the financial sector of US. INTRODUCTION I. Background of the study The Sub Prime Mortgage Crisis maimed the US Economy as house prices were inflating exponentially; a bubble in financial terms. This eventually burst and causing the assets tied to the different real estates to shrink and devaluate. A financial crisis as such had been one of the
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The role of ICT in higher education for the 21st century: ICT as a change agent for education Ron Oliver Edith Cowan University‚ Perth‚ Western Australia r.oliver@ecu.edu.au Abstract: Information and communication technologies (ICT) have become commonplace entities in all aspects of life. Across the past twenty years the use of ICT has fundamentally changed the practices and procedures of nearly all forms of endeavour within business and governance. Within education‚ ICT has begun to have a presence
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FDI Foreign direct investment (FDI) or foreign investment refers to the net inflows of investment to acquire a lasting management interest (10 percent or more of voting stock) in an enterprise operating in an economy other than that of the investor. In other words‚ FDI or Foreign Direct Investment is any form of investment that earns interest in enterprises which function outside the domestic territory of the investor. It is the sum of equity capital‚ reinvestment of earnings‚ other long-term capital
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ICT REVOLUTION: SOME REVERBERATIONS The views expressed in this and other papers associated with the NIC 2020 project are those of individual participants. ICT REVOLUTION: SOME REVERBERATIONS Introduction This short paper touches on some of the reverberations the Information Communication Technologies (ICT) Revolution has set off. It is more of a kick start for our discussions than a compressive analysis of the subject. When the Agrarian Revolution took place‚ no one recognized it
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Information security challenges of social engineering in Banking Sector. By Ms. Nisha Ann Jacob Asst. Prof‚ De Paul Institute of Science and Technology‚ Angamaly Research Scholar‚ Karpagam University‚ Coimbatore Abstract The concept of social engineering has been gaining importance in the modern business environment as almost fifty percent age of the Indians are techno kids‚ who are of age less than twenty five years. Latest research initiatives report accelerated use and adoption of social
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RELATIONSHIP MANAGEMENT IN BANKING SECTOR IN INDIA EXECUTIVE SUMMARY Relationship banking may be defined as the provision of financial services by a financial intermediary on the basis of long-term investment in obtaining firm or customer specific information through multiple interactions with diverse financial services (Boot‚ 2000). E- Enabled Relationship banking system refers to use
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SECTION ONE 1.1 INTRODUCTION One of the pre-requisites of manufacturing is abundance of energy i.e. electricity which is mainly utilized for driving machines for the production of various items. The manufacturing sector has always emphasized in their public policy advocacy‚ the need to improve various infrastructure‚ particularly‚ electricity which is the primary energy required for production. The uncompetitiveness of goods produced in Nigeria is largely due to the fact that apart from
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ICT‚ E-BUSINESS AND SMEs ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT FOREWORD This report was undertaken by the Working Party on the Information Economy (WPIE)‚ and carried out in co-operation with the Working Party on SMEs and Entrepreneurship. It was prepared for the second OECD Conference of Ministers Responsible for SMEs held in Istanbul 3-5 June 2004 and hosted by the Turkish Ministry for Industry and Trade The report sets out policy messages and recommendations from the
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Pakistan’s Banking Sector Current Situation and Critical Issues ISHRAT HUSAIN Pakistan’s banking sector reforms which were initiated in the early 1990s have transformed the sector into an efficient‚ sound and strong banking system. The most recent comprehensive assessment carried out jointly by the World Bank and the IMF in 2004 came to the following conclusion: “ for reaching reforms have resulted in a more efficient and competitive financial system In particular‚ the predominantly
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