Islamic laws on trading
This post covers the Islamic rules on trading, with a focus on what deals are permissible (“Halal“) or forbidden (“Haram“). These rules apply to any market or other types of trading and, I feel, are...
View ArticleAML Bill – Senate Enquiry
Just a quick note on the almost equally quick Senate enquiry on the anti-money laudering / counter-terrorism financing bill currently before the Senate. If you want to make a submission, you only have...
View ArticleBasel II – FSA Prudential Rules
Thanks to Bruce for the information on the release of the new FSA Prudential sourcebooks on 25 October. Access to them can be gained here. The actual instruments go under the rather glamourous names of...
View ArticleAPRA’s revised outsourcing approach
APRA today announced that the start date for their revised outsouring approach (discussed here) would be pushed back from 1 January 2007 to 1 April 2007. For details, see here (banks), here (general...
View ArticleASIC EFT Code of Conduct Review
ASIC (the Australian companies regulator) is commencing a review of the EFT Code of Conduct – the code that governs the way banks and other deposit takers interact with their customers when they are...
View ArticleOpportunities Down Under: Islamic Finance In Australia
This is a reprint of an article published in Business Islamica Magazine Since the first large-scale Muslim migration to Australia occurred in the early 1970s, the Islamic community has grown from just...
View ArticleSolvency II – 2012 in EU
As the Basel II process beds down it looks like it is the insurance world that is next. The replacement of Solvency I (as it is now known) by Solvency II has been set down for 2012 in the EU, with the...
View ArticleEconomic Capital – a common currency of risk
This is a guest post by Jennifer Lang. It provides the background behind a presentation on economic capital which is being made to the Institute of Actuaries of Australia’s Biennial Convention How and...
View ArticleCavalcade of Risk #87 – Risk Perceptions
Putting together a blog cavalcade was an interesting task – and one that took a fair bit longer than I expected. Not, I might add, because it was a painful one, but because there was so much to read...
View ArticleIFRS 9 – Update on Amortised Cost and Impairment
There is a heck of a lot in this, so I have split this into two posts – one on the exposure draft (ED) on amortised cost (AC) and impairment and one on the (now released) “final” standard on...
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