IABFM Articles

The Role of CFOs in Improving Business Acumen (April 2008) | Financial Management
by Dr. E. Ted Prince

This article shows how a new innovation in financial management  – assessment and development of business acumen in managers - promises to revolutionize selection and development of financial managers. In the light of the financial crises sweeping through most economies, the issue of business acumen is now taking becoming an issue of critical importance that CFOs simply cannot ignore. ...[ Read More ]

Globalization and Federal Monetary Policy (October 2007) | Banking
by Federal Reserve Chairman Dr. Ben S. Bernanke

My topic this evening is the implications of ongoing global economic integration "globalization" for short--for U.S. monetary policy. At the broadest level, globalization influences the conduct of monetary policy through its powerful effects on the economic and financial environment in which monetary policy must operate. ...[ Read More ]

Guidance on the Risk Based Approach to Combating Money Laundering and Terrorist Financing (September 2007) | Anti Corruption
by FATF/OECD

This Guidance was developed by the FATF in close consultation with
representatives of the international banking and securities sectors. This publicprivate
sector partnership was integrally involved in the development and finalisation
of the Guidance. A list of members of that group is attached at Annex 5. The
Guidance Paper was adopted by the FATF at its June 2007 Plenary. ...[ Read More ]

Bank compliance - Controlling risk and improving effectiveness (August 2007) | Banking
by Economist Intelligence Unit

The need for effective compliance at financial services and banking companies is stronger than ever. Burgeoning regulations are more stringent and further-reaching; products more complex and geographic reach wider. All of this requires more money and vigilance to avoid missteps that could lead to damaged reputations and large penalties. Yet, a nagging question remains about the true effectiveness of compliance processes across financial enterprises. ...[ Read More ]

Understanding the Beta Principle: A Brief introduction to Risk Management in International Markets. (August 2007) | Risk Management
by George L. Salis

The only permanent and most significant constant inherent in all investing, is risk.  We all enjoy our return on investment, as we all like to win and multiply our holdings, yet few investors, whether domestic or international, really understand the nature of risk.  Risk is an intrinsic element in all markets.  Regardless where one invests, or the type of investment made, the element of risk is always present.  Risk can be characterised as that "measurable" possibility of losing or not gaining value [or profit].  This is significant because risk has to be distinguished from uncertainty, which cannot be measured at all.   It is also more than just a mere "chance of return, as a chance is an un-measurable possibility, whether accidental or incidental, in the strictest sense of the term for our investment purpose.  ...[ Read More ]