طير سليمان - أحد سلسلة طيور حديقة الحيوانات الأمازونية الجميلة
A male white-naped bird, mist-netted islands east of here, is one of a wonderful variety of monarch flycatchers endemic in single islands in the Solomons, and the group of Solomon birds that shaped Ernst Mayr’s ideas and, in our work, revealed the give and take of island evolution.
Today all countries around the world submissively concede to the “rule of law ”, and consciously avoid the application of the so called “rules of practice“. This is because every economy has its own distinctive commercial features which entail specific, thorough and vigorous practices to guarantee the sound processing of legitimate transactions only whilst preserving the rights of the various parties to these transactions. As such, legal systems continue to enact meticulous commercial codes to regulate every single aspect of all types of commercial contracts, including import and export deals. (See SubArticle 16f UCP600 and BankAzaro Case ).
Depicted by the term itself, “Standard Banking Practice” is an illustration of a set of “standard” or “general” indicative rules which would hardly be acceptable to modern day banks who normally adopt intricate strategic plans specifically set to differentiate their individually distinctive cultures, products and processes by value-added elements privately tailored to customize all corporate, personal and trade solutions. Thus, the terms “Standard Practice” and “Rules of Practice” are inherently ruinous and completely delusional. Read the rest of this entry »
David Benoit, Jeannette Neumann.
From the Wall Street Journal
New York, N.Y.:
Nov 30, 2011.
Abstract (Summary)
Wall Street securities firm Morgan Stanley doesn’t fund its day-to-day activities in the overnight debt markets, and its secured funding activity is conducted through broker-dealer units whose A-1 short-term debt rating wasn’t affected by a Standard & Poor’s Ratings Services downgrade of Morgan Stanley on Tuesday. Read the rest of this entry »
The order follows similar moves aimed at banks such as HSBC Holdings PLC and Barclays PLC. At RBS, the order isn’t a response to a specific incident, but rather is intended to beef up defenses against customers attempting to launder money or send funds to countries under sanction by the U.S. It requires RBS to improve oversight of its U.S. operations and, more specifically, requires its businesses in the U.S. and the U.S.-based operations of an RBS Netherlands unit to improve risk-management practices and compliance with laws relating to money laundering, bank secrecy and U.S. economic sanctions. Read the rest of this entry »
Mustapha Nabli, governor of the Tunisian Central Bank and head of the national committee overseeing the asset-recovery effort, said those assets include money in bank accounts, shares in companies, real estate, planes and “who knows what else.” Read the rest of this entry »
Money Laundering - British Banks
By Deborah Ball – Wall Street Journal (Online) Nov 11, 2011.
In a report released as Switzerland struggles to shed a reputation as a haven for kleptocrats looking to stash funds abroad, Finma said Thursday it found serious shortcomings in how four banks dealt with accounts held by foreign officials tied to former governments in Tunisia, Egypt and Libya, including one bank that accepted seven-figure deposits from a public official who claimed to be semiretired. Read the rest of this entry »
Because crimes of drugs and human slavery are totally rejected by the vast majority of individuals and societies, recent history has proven that even larger and stronger banks can’t endure one money laundering scandal, regardless whether the bank’s involvement was intentional or it was merely negligent. Read the rest of this entry »
UCP600
QC heads the 2 Temple Gardens banking & finance group. He qualified as an associate of the Chartered Institute of Bankers in 1986 and graduated with a first class degree in law from Oxford in 1990. He has lectured on banking law in the UK, the US and the Far East for the past 20 years, and has acted as an assistant examiner for the Chartered Institute of Bankers in Banking law and accountancy. Paul has appeared in many letters of credit and performance bond cases and has acted as an expert witness overseas in this field. Email: pdownes@2tg.co.uk Read the rest of this entry »
Corporate Banking Credit
Format: Paper book and pdf
ISBN: 978-9957-74-202-7
Publisher: Darkonoz
Number of Pages: 197
Publication Date: 5Oct2011
eBay Link Corporate Banking Credit
The new Book “Corporate Credit in Banking”, a practical guide to corporate banking credit, has been released and is now in circulation world wide
Credit is the core service a commercial bank offers. It is therefore essential for bankers of all grades to understand the role of credit in the bank regardless of whether or not they are directly involved with credit operations.
This is not a financial analysis book; this in fact is the only available CREDIT ANALYSIS and RELATIONSHIP MANAGEMENT reference guide. It comprehensively tackles all issues confronted by the credit executive, manager and officer during thier day-to-day work. It covers banking credit strictly from a practical banking perspective. Read the rest of this entry »
J. Sifri
