...Discussion Paper ESMA’s policy orientations on possible implementing measures under the Market Abuse Regulation 14 November 2013 | ESMA/2013/1649 Date: 14 November 2013 ESMA/2013/1649 Responding to this paper The European Securities and Markets Authority (ESMA) invites comments on all matters in this paper and in particular on the specific questions summarised in Annex 1. Comments are most helpful if they: respond to the question stated; indicate the specific question to which the comment relates; contain a clear rationale; and describe any alternatives ESMA should consider. ESMA will consider all comments received by Monday 27 January 2014. All contributions should be submitted online at www.esma.europa.eu under the heading ‘Your input - Consultations’. Publication of responses All contributions received will be published following the close of the consultation, unless you request otherwise. Please clearly and prominently indicate in your submission any part you do not wish to be publically disclosed. A standard confidentiality statement in an email message will not be treated as a request for non-disclosure. A confidential response may be requested from us in accordance with ESMA’s rules on access to documents. We may consult you if we receive such a request. Any decision we make not to disclose the response is reviewable by ESMA’s Board of Appeal and the European Ombudsman. Data protection Information on data protection can be found at www.esma.europa...
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...te Corporate governance statement The Board of Directors is accountable to the Shareholder for the overall performance of the Group. In doing so, it is responsible for: • • • The effective, prudent and ethical oversight of the Bank; Setting the business strategy for the Bank, following consultation with the Shareholder; and Ensuring that risk and compliance are properly managed in the Bank. Board of Directors and Membership The Board of Directors recognises its responsibility for the leadership, direction and control of the Bank and the Group and its accountability to the Shareholder for financial performance. As at 31 December 2010, the Board comprised the Chairman, four Non-executive Directors and the Group Chief Executive. The Board sees it as a priority to further enhance its existing skills and experience through the recruitment of further independent Non-executive Directors, with a process having commenced in this regard. The Non-executive Directors are independent of management, with varied backgrounds, skills and experience. There have been a total of 39 board meetings during the financial year, 10 of which were scheduled. The purpose of the 29 unscheduled meetings was to address a variety of matters, including discussions in respect of the difficult market conditions that existed during the financial period and included funding issues, capital matters, legacy related matters and the Bank's Restructuring Plan. All Directors are expected to attend each meeting and the...
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...CBM Course Outline For Session 2012 - 13 ------------------------------------------------- Batch: PGDM 2011 - 13 Term: IV ------------------------------------------------- ------------------------------------------------- Course: Commercial Bank Management (CBM) Credits: 3 ------------------------------------------------- ------------------------------------------------- Course Instructor: Prof. D N Panigrahi Objectives of the course: The course inputs are designed to accomplish the following objectives. * To help students to understand the role and functions of Commercial Banks, main strategic issues in retail and corporate banking and the risks faced by the Banking Industry in India. * To familiarise the students with the new Banking Practices and Processes including new banking technologies. * To familiarise the students with the legal and regulatory framework for banks in India. * To equip the students with the tools and techniques used in interpreting and evaluating the performance, profitability, productivity, and efficiency of the Commercial Banks. * To equip the students with the in-depth knowledge of Bank Financial Management Process including Treasury, Investment, Asset Liability Management & Risk Management. * To equip the students with the in-depth knowledge and skills in Credit Analysis & Appraisal Processes relating to the banks’ lending decisions like Working Capital Financing, Term Loan &...
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...The pursuit of financial stability* It gives me great pleasure to address this gathering at the 7th Annual Conference on Money and Finance in the Indian economy organised by the Indira Gandhi Institute of Development Research (IGIDR). Issues related to monetary policy and financial sector continue to attract a lot of research interest all over the world and this is all the more true for emerging economies like India which are gradually integrating with the rest of the world. Accordingly, the initiatives taken by the IGIDR to hold annual conferences on the topic of Money and Finance to bring together researchers and policymakers are indeed welcome. 2. With growing financial openness, globalisation and liberalisation, financial stability issues have come to the forefront. These issues have ranged from discussions on basic issues of the definition of financial stability itself to issues of measurement, issues of choice of instruments to achieve the objective of financial stability and even issues on the degree of activism that central banks should adopt in pursuing this objective. 3. Traditionally, it has been believed that monetary stability leads to financial stability. However, as the events of the 1990s show, it need not necessarily be the case. While there are complementarities between these two objectives, especially in the long run, the same need not hold in the short-run. A stable macroeconomic environment - low and stable inflation, sustained growth and low interest...
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...Assignment 2 - Literature Review Essay (individual work) ___________________________________________________________________________ STATEMENT: ‘We tend to think of the task of managing as one defined by carefully considered, long-term thinking. If the global financial crisis taught us anything, it is that more often than not organisations operate with very short horizons, reacting to an ever-changing environment.’ Introduction Management is celebrated as one of the innovation whose impact is considered equalled to be one of the most changing technologies. Management is therefor said to be that body of thought that makes the organization work. Therefore management should be considered a long term goal, but due to the financial crisis, a new way of thinking have risen, organisations must adapt to short term goals to the ever changing environment. According to (Jackall 2010), developing effective management skills to deal with the challenges of the changing environment is needed for organisations to remain competitive in the world market. Proper practice of management skills should be considered for workers to help the organisations by being efficient and effective. This essay is to analyse the practice of management that has been practiced before and after regard to the change of the environment in the organisation, i.e. the global financial crisis. Proper practice of considerable management styles which have been used before and are known to affect the success or failure...
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...The current issue and full text archive of this journal is available at www.emeraldinsight.com/0309-0590.htm PERSPECTIVE ON PRACTICE Evaluation of training in organisations: a proposal for an integrated model Pilar Pineda ´ Universidad Autonoma de Barcelona, Barcelona, Spain Abstract Purpose – Training is a key strategy for human resources development and in achieving organisational objectives. Organisations and public authorities invest large amounts of resources in training, but rarely have the data to show the results of that investment. Only a few organisations evaluate training in depth due to the difficulty involved and the lack of valid instruments and viable models. The purpose of this paper is to present an evaluation model that has been successfully applied in the Spanish context that integrates all training dimensions and effects, to act as a global tool for organisations. The model analyses satisfaction, learning, pedagogical aspects, transfer, impact and profitability of training, and is therefore a global model. Design/methodology/approach – The paper’s approach is theoretical, and the methodology used involves a review of previous evaluation models and their improvement by comparing their application in practice. Findings – An analysis of pedagogical aspects enables training professionals to improve training quality, as they are able to identify any weaknesses in elements, such as training design, needs analysis and training implementation, and improve on...
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...Addressing the Reproductive Health Needs a n d R i g h t s o f Yo u n g P e o p l e s i n c e I C P D – T h e C o n t r i b u t i o n o f U N F PA a n d I P P F Bangladesh Country Evaluation Report DFID Department for International Development Addressing the Reproductive Health Needs and Rights of Young People since ICPD: The contribution of UNFPA and IPPF Bangladesh Country Evaluation Report September 2003 Written by: Alanagh Raikes Malabika Sarker Hashima-e-Nasreen For: UNIVERSITY OF HEIDELBERG UNFPA and IPPF Evaluation: Bangladesh Country Report CONTENTS Acronyms................................ ................................ ................................ ............................... ii Acknowledgements ................................ ................................ ................................ ............... iv Analytical Summary ................................ ................................ ................................ ............... 1 Key Findings and Recommendations................................ ................................ ..................... 8 Introduction ................................ ................................ ................................ .......................... 12 Section 1: The Country Specific Context ................................ ................................ .............. 14 Section 2: The Country Programmes’ Strategic Priorities ................................ .................
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...Reserve Bank of India: Functions and Working RESERVE BANK OF INDIA www.rbi.org.in ž¸¸£·¸ú¡¸ ¹£ö¸¨¸Ä ¤¸ÿˆ 2 Foreword The Reserve Bank of India, the nation’s central bank, began operations on April 01, 1935. It was established with the objective of ensuring monetary stability and operating the currency and credit system of the country to its advantage. Its functions comprise monetary management, foreign exchange and reserves management, government debt management, financial regulation and supervision, apart from currency management and acting as banker to the banks and to the Government. In addition, from the beginning, the Reserve Bank has played an active developmental role, particularly for the agriculture and rural sectors. Over the years, these functions have evolved in tandem with national and global developments This book aims to demystify the central bank by providing a simple account of the Reserve Bank’s operations and the multidisciplinary nature of its functions. The Bank today focuses, among other things, on maintaining price and financial stability; ensuring credit flow to productive sectors of the economy; managing supply of good currency notes within the country; and supervising and taking a lead in development of financial markets and institutions. The book serves to highlight how the Reserve Bank’s decisions touch the daily lives of all Indians and help chart the country’s economic and financial course. We hope that readers would find the book...
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................ 12 1.0 Introduction…………………………………………………………………………………………………………………….12 Chapter 2............................................................................................... 16 2.0 Situational Analysis………………………………………………………………………………………………………..16 Chapter 3............................................................................................... 26 3.0 Towards an Empowered Society and a Growing Economy:………………………………………26 Chapter 4............................................................................................... 45 4.0 Implementation Structure…………………………………………………………………………………………….45 Chapter 5............................................................................................... 47 5.0 Monitoring and Evaluation…………………………………………………………………………………………….47 Chapter 6............................................................................................... 48 6.0 Funding and Debt Management……………………………………………………………………………………48 Chapter 7............................................................................................... 50 7.0 7.1 7.2 7.3 7.4 7.5 7.6 The Results Matrices……………………………………………………………………………………………………..50 Food Security and Nutrition Cluster………………………………………………………………………..50 Social Services and Poverty Eradication...
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...WP/04/01 Bank of Uganda Working Paper Recognising the Role of Micro Finance Institutions in Uganda Justine Nannyonjo and James Nsubuga _________________________________ Bank of Uganda 2 WP/04/01 BOU Working PAPER Research Department Recognising the Role of Micro Finance Institutions in Uganda By Justine Nannyonjo and James Nsubuga February 2004 Abstract This paper shows that micro finance is an important part of the growth strategy in Uganda and has in the recent years gained increasing recognition. This is evidenced by initiatives and strong commitment by government, donors and practitioners towards supporting micro finance activities in Uganda, and the rapid expansion of the micro finance industry. Integration of Micro Finance Institutions (MFIs) into the formal financial system has been established, while measures have been taken to build capacity and enhance coordination in the micro finance industry, as well as expand the outreach of sustainable micro finance. The paper, however, identifies a number of challenges to the development of the micro finance industry: There is need to strengthen the capacity of MFIs to build their management information systems, and to rebuild infrastructure in underserved areas as well as strengthen capacity for identifying potential market structures, which could serve as the basis on which to build sustainable micro finance services. Other challenges include restoring peace in conflict areas and strengthening...
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...MOCK Case Study AD5 - Audit Participant Information IMPORTANT NOTICE: This exercise should be considered as an example of case study that could be used in the EPSO Assessment Centre. The problems have not been fully elaborated, but give a global overview of the type of problems you could be confronted with in a real assessment centre. Copyright EPSO, Office C-80, 1049 Brussel All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted by any means, electronic, mechanical, photocopying or otherwise, without the prior permission of EPSO. This exercise may only be administered and interpreted by persons trained and authorized by EPSO and only under the conditions stipulated by EPSO. EPSO - EN-INT - MockCS - AD5 Audit - EX - 060810 - V01.05 Mock Case Study Exercise AD5 Audit Assignment IMPORTANT NOTICE: This is a fictitious document only produced for the purpose of this exercise. All references to existing states, international organisations, private companies, departments, their representatives etc. should be considered as mere examples. They do not represent any position of these bodies or persons. Participants are therefore advised to rely solely on the information presented in the exercise and not on any prior expertise when responding to questions. For this exercise you will assume the role of desk officer at DG Enlargement within the Unit responsible for the Balkan Region. The documentation you need, is integrated...
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...ssSublists of the Academic Word List Each word in italics is the most frequently occurring member of the word family in the Academic Corpus. For example, analysis is the most common form of the word family analyse. British and American spelling is included in the word families, so contextualise and contextualize are both included in the family context. Sublist 1 of the Academic Wo rd List analyse analysed analyser analysers analyses analysing analysis analyst analysts analytic analytical analytically analyze analyzed analyzes analyzing approach approachable approached approaches approaching unapproachable area areas assess assessable assessed assesses assessing assessment assessments reassess reassessed reassessing reassessment unassessed assume assumed assumes assuming assumption assumptions authority authoritative authorities available availability unavailable benefit beneficial beneficiary beneficiaries benefited benefiting benefits concept conception concepts conceptual conceptualisation conceptualise conceptualised conceptualises conceptualising conceptually consist consisted consistency consistent consistently consisting consists inconsistencies inconsistency inconsistent constitute constituencies constituency constituent constituents constituted constitutes constituting constitution constitutions constitutional constitutionally constitutive unconstitutional context ...
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...Investigating the impact and challenges of implementing the National Counselling and Testing Campaign in the Ga-Motupa Community in Limpopo Mushwana Sipho Simeon An assignment submitted in partial fulfilment of the requirements for the degree of Masters of Philosophy (HIV & AIDS Management) at the University of Stellenbosch Africa Centre for HIV &AIDS Management Faculty of Economic and Management Sciences Supervisor: Gary Eva March 2011 Declaration I hereby declare that the entire work contained in this document is my original work and I have not previously submitted the same work to the same or another institution for another qualification. All sources used are herein acknowledged and referenced. Date: 22 January 2011 Copyright©2011 Stellenbosch University All rights reserved Abstract The National Department of Health and The South African National AIDS Council (SANAC) jointly agreed to launch a massive campaign for HIV Counselling and Testing. The campaign was launched as an effort to step up and supplement and modify the programmes that are already running in the country, to fight HIV and AIDS. The campaign is known as the National HIV Counselling and Testing Campaign and it is based on the National HIV Counselling and Testing Campaign Strategy of SANAC (2010). The study aimed to investigate the impact of the campaign in terms...
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...MOCK Case Study AD5 - Audit Participant Information IMPORTANT NOTICE: This exercise should be considered as an example of case study that could be used in the EPSO Assessment Centre. The problems have not been fully elaborated, but give a global overview of the type of problems you could be confronted with in a real assessment centre. Copyright EPSO, Office C-80, 1049 Brussel All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted by any means, electronic, mechanical, photocopying or otherwise, without the prior permission of EPSO. This exercise may only be administered and interpreted by persons trained and authorized by EPSO and only under the conditions stipulated by EPSO. EPSO - EN-INT - MockCS - AD5 Audit - EX - 060810 - V01.05 Mock Case Study Exercise AD5 Audit ASSIgNMENT IMPORTANT NOTICE: This is a fictitious document only produced for the purpose of this exercise. All references to existing states, international organisations, private companies, departments, their representatives etc. should be considered as mere examples. They do not represent any position of these bodies or persons. Participants are therefore advised to rely solely on the information presented in the exercise and not on any prior expertise when responding to questions. For this exercise you will assume the role of desk officer at DG Enlargement within the Unit responsible for the Balkan Region. The documentation you need,...
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...REPUBLIC OF GHANA THE BUDGET STATEMENT AND ECONOMIC POLICY of the GOVERNMENT OF GHANA for the 2015 FINANCIAL YEAR presented to PARLIAMENT on WEDNESDAY, 19TH NOVEMBER 2014 by SETH E. TERKPER Minister for Finance on the Authority of HIS EXCELLENCY PRESIDENT JOHN DRAMANI MAHAMA Theme: “Transformational Agenda: Securing the Bright Medium Term Prospects of the Economy ’’ THE 2015 BUDGET STATEMENT AND ECONOMIC POLICY ~ ii ~ Theme: “Transformational Agenda: Securing the Bright Medium Term Prospects of the Economy ’’ For copies of the Statement, please contact the Public Relations Office of the Ministry: Ministry of Finance Public Relations Office New Building, Ground Floor, Room 001/003 P. O. Box MB 40 Accra – Ghana The 2015 Budget Statement and Economic Policy of the Government of Ghana is also available on the internet at: www.mofep.gov.gh ~ iii ~ Theme: “Transformational Agenda: Securing the Bright Medium Term Prospects of the Economy ’’ ACRONYMS AND ABBREVIATIONS ABFA ACLP ADR AFCON AfDB AIDS AML AMSECs APR ATMA AVIC BACs BDS BIEPC BoG BOP bopd bps BR BRICS BSPs BVDs Annual Budget Funding Amount Ascertainment and Codification of Customary Law Project Alternative Dispute Resolution African Cup of Nations African Development Bank Acquired Immune Deficiency Syndrome Anti-Money laundering Agricultural Mechanization Services Enterprise Centres Annual Progress Report Accra-Tema Metropolitan Area Accra Visitor Information Centre Business Advisory Centres...
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