Abstract

This paper explores the Compliance in E-Banking and Legislation.

Abstract

Financial reporting processes in modern business environments are increasingly driven by IT systems. IT Governance (ITG) aims to enforce control on such systems as they relate to overall financial reporting compliance requirements and guidelines. Traditionally, there has been a clear ‘chain of command’ with regards to ITG auditing: IT Governance guidelines and procedures drive Boards of Directors to establish compliance structures, who in turn put pressure on auditors to assess risks and reports on them. Successful operation of this chain is based on monolithic corporate structures which help auditors execute their tasks in a centralized, concentrated manner.
However, corporations are exploring ways of moving away from vertical integration, especially now that technological innovations remove operational barriers. This paper discusses about the link between emerging technology-driven corporate structures and auditing. After explaining basic terms and definitions of Corporate and IT Governance, the current landscape of ITG auditing is briefly described, in terms of designing and evaluating internal control procedures. This paper also focuses on business webs (b-webs), a distributed corporate structure based on Internet technologies, and its details and presented through B-web Transformation Model. Finally, the effects on IT Governance and the auditors’ role and tasks caused by the adoption of b-webs by corporations is analyzed and discussed. This discussion is driven by a new auditing framework that aims to track changes to auditing parameters and requirements as an organization evolves within the B-web Transformation Model.

Abstract

The paper discusses the problem of appreciation of rupee and its impact on India’s exports. It assesses the reasons behind rise of Indian rupee and strategic options available to exporters and government to handle the situation such as making cheaper export finance etc. The paper draws attention to government response to the problem and elaborates the strategic options before exporters to handle the situation.

Abstract

A strategic opportunity is a prospect for competitive advantage through cost efficiencies and value creation. Firms with a strategic view on compliance to regulatory change can create significant strategic opportunities. The regulatory environment of investment services firms and markets throughout the European Union offers such opportunities by using MiFID compliance as a source of competitive advantage. MiFID provides an integrated framework for both efficiency and value creation.

This article responds to the need to understand the impact of MiFID on financial entities from both a compliance and a business perspectives. In particular, it addresses the elements of a business model in terms of potential revenue and cost savings opportunities from new markets, client management, and internalization. It discusses how each of the above variables help a firm create value by fundamentally re-thinking its business model from the characteristics of an autonomic business model. This uses the optimization factor as the logic within an autonomic system. It addresses questions such as: How will the investment firm convert a compliance requirement into a value-added activity? How will investor clients benefit from the compliance requirements of MiFID? An optimization matrix is used to determine efficiencies and value-creation areas.

Abstract

This research aims to explain (1) the behaviour of Tunisian customers in phase of e-Banking post-adoption and (2) the future of the competition between physical branches and e-Banking services inside a given bank. We try to identify the potential users of the e-Banking, to identify their needs compared to other services. In addition, we try to analyse the vision of Tunisian bankers of the development of branches and the benefits of their complementarities with e-Banking.

This paper is focused on the case of a Tunisian bank, the behaviour of its subscribed customers to e-banking services and some interviews carried out with sales managers of the branch.
The results related to the behaviour of Tunisian customers were tested on the data-processing trace of subscribed person and the frequentation of their uses are extracted and the results related to the future of the competition between physical branches and e-Banking services were tested on a sample of 14 Tunisian agencies inside a given bank. The present the methodologies adopted in details, then for the study in detail will analyze the behaviour of subscribed customers. The impact of the adoption of the e-Banking in the future is also analyzed in this paper, and the prospects for the future bank and its evolutions are also reported based on the study conducted.

Abstract

This paper discusses about the information content of dividend increases announcements through the French Market. Cross-sectional regressions provide support for the signaling and free cash flow hypothesis, but only weak support for dividend clientele explanation. Cumulative abnormal returns are found to be positively related to the standardized dividend change and negatively related to firm size. These findings confirm the signaling hypothesis. Consistent with the free cash flow theory, growth opportunities and available funds influences announcement period excess returns. However, market reaction to dividend increases announcement is found to be unrelated to the dividend yield, a finding that is inconsistent with the dividend clientele explanation.

Abstract

The paper focuses on the reform of Japan’s postal savings system. Three major changes in the structure of the postal savings system after the reform include (i) the abolishment of postal savings’ compulsory deposits to the Trust Fund Bureau, (ii) the shift of Fiscal Investment and Loan Program’s fund allocation method from fiscal loan to bond issuance, and (iii) the reorganization and rationalization plan for special public corporation for more efficient utilization of public funds. Even though the reform is proceeding apace, the extent that postal savings invests in government, FILP, and FILP agency bonds, the deficiency of capability of self procurement of FILP agencies, and the increase in future financing needs of government as Japan approaches aging society are challenges to the success of the reform of postal savings system in Japan. In the era of globalization, privatization of government policy banks may occur in any developing countries. The experience of the reform of Japan's postal savings system provides a good case study that developing countries can learn from.