Build trust in your workplace: if you don't trust yourself, don't expect others to trust you. All firm business and workplace relationships are based on trust. Mutual trust takes a long time to develop, it is not love at first sight.
IN THE MODERN business environment, how much trust is necessary for companies to be successful? When you end the prolonged negotiations with a potential business partner, invariably you feel more comfortable when a contract is signed--just in case one party breaks the promise. In the olden days,...

Investing in Middle East equities.
Over the last ten issues, we have investigated the region's stock markets. With so many exchanges and a plethora of companies, how does the private investor get involved? In the first of a two-part series, ANDREW ALBUM investigates. A joke currently being told in the investment banking world defines...

Banks get up to date.
THROUGHOUT THE MIDDLE EAST there is a desire to modernise banking systems in order to create an infrastructure to support a financial industry. From fledgeling stock exchanges to overhauling 10-year old computing systems, modernisation is moving at a rapid pace. Iran is no exception, and is currently being courted...

[Code of Federal Regulations] [Title 5, Volume 3, Parts 1200 to end] [Revised as of January 1, 1998] From the U.S. Government Printing Office via GPO Access [CITE: 5CFR2640].
[Pages 615-632] TITLE 5--ADMINISTRATIVE PERSONNEL CHAPTER XVI--OFFICE OF GOVERNMENT ETHICS PART 2640--INTERPRETATION, EXEMPTIONS AND WAIVER GUIDANCE CONCERNING 18 U.S.C. 208 (ACTS AFFECTING A PERSONAL FINANCIAL INTEREST) Subpart A--General Provisions Sec. 2640.101 Purpose. 2640.102 Definitions. ...

BSP defers action on thrift banks' capital cut.
Byline: LEE C. CHIPONGIAN The Bangko Sentral ng Pilipinas (BSP) has deferred its decision to reduce the required capital for thrift banks applying for trust functions from P625 million to P325 million. BSP sources said the Monetary Board wants more review before lowering the capital...

BSP wants SEC to take over regulation of UITFs.
Byline: LEE C. CHIPONGIAN After the panic and losses suffered by investors, it has been suggested that the Bangko Sentral ng Pilipinas and the Securities and Exchange Commission review the blueprint of the reserved-free unit investment trust funds and settle the old question: who are the regulators...

The beauty of bonds.
It is estimated that 1995 will prove to be the largest year for municipal bond redemptions in history. Approximately $230,000,000,000 of municipal bonds will mature or be called. If you are among the many investors facing municipal bond redemptions, now is an ideal time to consider reinvesting your proceeds into...

PSE offers scheme for brokers' capital hike.
The Philippine Stock Exchange (PSE) has proposed to the Securities and Exchange Commission (SEC) that the computation for the paid-in capitalization of stockbrokerage houses be based on several options aside from a graduated build up of capital to allow them to ride out the crisis currently gripping the country....

Classifying mutual funds in India: some results from clustering.
Abstract This paper attempts to classify hundred mutual funds employing cluster analysis and using a host of criteria like the I year total return, 2 year annualized return, 3 year annualized return, 5 year annualized return, alpha, beta, R-squared, sharpe's ratio, mean and standard deviation etc. The...

BSP mulls own rating system for UITFs.
Byline: LEE C. CHIPONGIAN Bangko Sentral ng Pilipinas (BSP) Deputy Governor Nestor A. Espenilla Jr. said they will soon adopt their own CAMLES like rating for banks' trust departments. The BSP's supervision and examination sector is currently preparing this rating system that will apply risk-based...