Countries and Lists of Supranational Entities and Central Banks Page 9 8 Annex B: Online Resources Page 16
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Central Bank of Sudan 58Th ANNUAL REPORT 2018
بسم الله الرحمن الرحيم Central Bank of Sudan 58th ANNUAL REPORT 2018 Website: http://www.cbos.gov.sd In the Name of Allah The Most Gracious, the Most Merciful We are pleased to present the 58th annual report of Central Bank of Sudan, which explains the latest developments in the Sudanese economy during the year 2018. The report contains ten chapters, the first is a summary of global and regional economic developments, while the remaining chapters indicate the performance of the domestic economy including: monetary and banking sector, the financial sector, the real sector, government and the external sector (foreign trade and balance of payments). On behalf of the Central Bank of Sudan I would like to express my thanks and gratitude to the Ministries, Institutions and Government Units for their cooperation in providing the necessary data and information for preparing this report. Also I would like to thank the Board of Directors of the Central Bank of Sudan and the committee entitled to review this report, and those who contributed or exert an effort in preparing it. We hope that this report will meet the needs and requirements of all the concerned parties, researchers and academies, beside the specialist on economic, financial and banking affairs from the local, regional and international institutions. Hussein Yahia Jangou Chairman of the Board of Directors And Governor of the Central Bank of Sudan BOARD of DIRECTORS Of the CENTRAL BANK of SUDAN by end of year 2018 Dr. Mohamed Khair Elziber Governor and Chairman of the Board of directors Mr. Musaad Mohamed Ahmed First Deputy Governor and Member of the Board Mr. -
Annex a Italian “White List” Countries and Lists of Supranational Entities and Central Banks (Identified by Acupay System LLC As of July 1, 2014)
Important Notice The Depository Trust Company B #: 1361-14 Date: July 17, 2014 To: All Participants Category: Dividends From: International Services Attention: Operations, Reorg & Dividend Managers, Partners & Cashiers Tax Relief – Country: Italy Intesa Sanpaolo S.p.A. CUSIP: 46115HAP2 Subject: Record Date: 12/28/2014 Payable Date: 01/12/2015 EDS Cut-Off: 01/09/2015 8:00 P.M Participants can use DTC’s Elective Dividend System (EDS) function over the Participant Terminal System (PTS) or Tax Relief option on the Participant Browser System (PBS) web site to certify all or a portion of their position entitled to the applicable withholding tax rate. Participants are urged to consult the PTS or PBS function TAXI or TaxInfo respectively before certifying their elections over PTS or PBS. Important: Prior to certifying tax withholding elections, participants are urged to read, understand and comply with the information in the Legal Conditions category found on TAXI or TaxInfo in PTS or PBS respectively. ***Please read this Important Notice fully to ensure that the self-certification document is sent to the agent by the indicated deadline*** Questions regarding this Important Notice may be directed to Acupay 212-422-1222. Important Legal Information: The Depository Trust Company (“DTC”) does not represent or warrant the accuracy, adequacy, timeliness, completeness or fitness for any particular purpose of the information contained in this communication, which is based in part on information obtained from third parties and not independently verified by DTC and which is provided as is. The information contained in this communication is not intended to be a substitute for obtaining tax advice from an appropriate professional advisor. -
Central Bank Eligibility (CBE) Data
A Bloomberg Professional Services Offering Content & Data Solutions Central Bank Eligibility (CBE) Data A consolidated resource for collateral guidelines Regulation Tracking collateral details is repetitive & time-consuming Among major central banks, there are no consistent standards CBE data from Bloomberg gives buy-side and sell-side for securities accepted as eligible collateral. Some central firms an easier, more efficient way to monitor the eligibility banks provide detailed lists of eligible securities while others of securities among fourteen major central banks, including: offer basic guidelines. In addition, central banks have different • United States Federal Reserve (FRB) haircut requirements. All of these details may change over time. • Riksbank (RIKS) Gathering this information can be a labor-intensive and • Hong Kong Monetary Authority (HKMA) time-consuming process for both buy-side and sell-side firms. • Reserve Bank of Australia (RBA) Treasury portfolio managers, collateral management departments and repo traders all tend to struggle with the process of collecting • European Central Bank (ECB) data from multiple central banks, mapping it to a master list • Bank of England (BOE) of securities and updating it regularly. In many cases, firms • Swiss National Bank (SNB) must also interpret and apply collateral guidelines. • Bank of Canada (BOC) • Bank of Japan (BOJ) Bloomberg provides up-to-date results • Bank of Korea (BOK) Central Bank Eligibility (CBE) data from Bloomberg eliminates • People’s Bank of China (PBOC) the need for this repetitive, manual process. It provides essential • Central Bank of the Republic details about all securities accepted as collateral by 14 major of China-Taiwan (CBC) central banks. Bloomberg updates the list of eligible assets • Monetary Authority of Singapore (MAS) daily with haircuts and delivers a consolidated enterprise data • Reserve Bank of New Zealand (RBNZ) feed for each asset category. -
List of Certain Foreign Institutions Classified As Official for Purposes of Reporting on the Treasury International Capital (TIC) Forms
NOT FOR PUBLICATION DEPARTMENT OF THE TREASURY JANUARY 2001 Revised Aug. 2002, May 2004, May 2005, May/July 2006, June 2007 List of Certain Foreign Institutions classified as Official for Purposes of Reporting on the Treasury International Capital (TIC) Forms The attached list of foreign institutions, which conform to the definition of foreign official institutions on the Treasury International Capital (TIC) Forms, supersedes all previous lists. The definition of foreign official institutions is: "FOREIGN OFFICIAL INSTITUTIONS (FOI) include the following: 1. Treasuries, including ministries of finance, or corresponding departments of national governments; central banks, including all departments thereof; stabilization funds, including official exchange control offices or other government exchange authorities; and diplomatic and consular establishments and other departments and agencies of national governments. 2. International and regional organizations. 3. Banks, corporations, or other agencies (including development banks and other institutions that are majority-owned by central governments) that are fiscal agents of national governments and perform activities similar to those of a treasury, central bank, stabilization fund, or exchange control authority." Although the attached list includes the major foreign official institutions which have come to the attention of the Federal Reserve Banks and the Department of the Treasury, it does not purport to be exhaustive. Whenever a question arises whether or not an institution should, in accordance with the instructions on the TIC forms, be classified as official, the Federal Reserve Bank with which you file reports should be consulted. It should be noted that the list does not in every case include all alternative names applying to the same institution. -
Central Bank Independence in North Africa
POLICY BRIEF NO. 36 MARCH 2014 CENTRAL BANK INDEPENDENCE IN NORTH AFRICA BESSMA MOMANI AND SAMANTHA ST. AMAND KEY POINTS • Over the past 30 years, North African states have made positive strides toward central bank independence (CBI) that are correlated with overall structural transformations toward economic liberalization. • The Arab uprisings appeared to provide a positive political nudge for advancing statutory amendments toward CBI. • Compared to other emerging market economies and developing regions, there is further room for improvement on achieving the goals of CBI in North Africa. • CBI in North Africa can be strengthened by promoting a learning culture and technocratic BESSMA MOMANI values within the central banks. Bessma Momani is associate professor in the Department of Political Science at the University INTRODUCTION of Waterloo and the BSIA. She is also a senior fellow with the Centre for International Governance Securing CBI has become best practice in global governance. Both the political Innovation (CIGI). and economic literatures suggest that CBI facilitates price stability, promotes transparency to citizens and provides accountability toward the public good. CBI is also credited with protecting the economic and financial system from the trappings of regulatory capture. In addition, a number of scholars have argued that CBI is correlated with positive policy outcomes, including balanced long- term economic growth, stable financial markets and a reduced likelihood of publicly funded financial institution bailouts. Moreover, some have suggested that CBI is important for fostering a healthy liberal democracy. As global markets SAMANTHA ST. AMAND have become increasingly integrated and interdependent, securing CBI is also Samantha St. Amand is a research associate in the Global Economy considered a domestic, regional and global public good. -
Tax Relief Country: Italy Security: Intesa Sanpaolo S.P.A
Important Notice The Depository Trust Company B #: 15497-21 Date: August 24, 2021 To: All Participants Category: Tax Relief, Distributions From: International Services Attention: Operations, Reorg & Dividend Managers, Partners & Cashiers Tax Relief Country: Italy Security: Intesa Sanpaolo S.p.A. CUSIPs: 46115HAU1 Subject: Record Date: 9/2/2021 Payable Date: 9/17/2021 CA Web Instruction Deadline: 9/16/2021 8:00 PM (E.T.) Participants can use DTC’s Corporate Actions Web (CA Web) service to certify all or a portion of their position entitled to the applicable withholding tax rate. Participants are urged to consult TaxInfo before certifying their instructions over CA Web. Important: Prior to certifying tax withholding instructions, participants are urged to read, understand and comply with the information in the Legal Conditions category found on TaxInfo over the CA Web. ***Please read this Important Notice fully to ensure that the self-certification document is sent to the agent by the indicated deadline*** Questions regarding this Important Notice may be directed to Acupay at +1 212-422-1222. Important Legal Information: The Depository Trust Company (“DTC”) does not represent or warrant the accuracy, adequacy, timeliness, completeness or fitness for any particular purpose of the information contained in this communication, which is based in part on information obtained from third parties and not independently verified by DTC and which is provided as is. The information contained in this communication is not intended to be a substitute for obtaining tax advice from an appropriate professional advisor. In providing this communication, DTC shall not be liable for (1) any loss resulting directly or indirectly from mistakes, errors, omissions, interruptions, delays or defects in such communication, unless caused directly by gross negligence or willful misconduct on the part of DTC, and (2) any special, consequential, exemplary, incidental or punitive damages. -
A Crude Awakening
Dedicated to the inspiration of Jeffrey Reynolds ISBN 0 9527593 9 X Published by Global Witness Ltd P O Box 6042, London N19 5WP,UK Telephone:+ 44 (0)20 7272 6731 Fax: + 44 (0)20 7272 9425 e-mail: [email protected] a crude awakening The Role of the Oil and Banking Industries in Angola’s Civil War and the Plunder of State Assets http://www.oneworld.org/globalwitness/ 1 a crude awakening The Role of the Oil and Banking Industries in Angola’s Civil War and the Plunder of State Assets “Most observers, in and out of Angola, would agree that “There should be full transparency.The oil companies who corruption, and the perception of corruption, has been a work in Angola, like BP—Amoco, Elf,Total and Exxon and the critical impediment to economic development in Angola.The diamond traders like de Beers, should be open with the full extent of corruption is unknown, but the combination of international community and the international financial high military expenditures, economic mismanagement, and institutions so that it is clear these revenues are not syphoned corruption have ensured that spending on social services and A CRUDE AWAKENING A CRUDE development is far less than is required to pull the people of off but are invested in the country. I want the oil companies Angola out of widespread poverty... and the governments of Britain, the USA and France to co- operate together, not seek a competitive advantage: full Our best hope to ensure the efficient and transparent use of oil revenues is for the government to embrace a comprehensive transparency is in our joint interests because it will help to program of economic reform.We have and will continue to create a more peaceful, stable Angola and a more peaceful, encourage the Angolan Government to move in this stable Africa too.” direction....” SPEECH BY FCO MINISTER OF STATE, PETER HAIN,TO THE ACTION FOR SECRETARY OF STATE, MADELEINE ALBRIGHT, SUBCOMMITTEE ON FOREIGN SOUTHERN AFRICA (ACTSA) ANNUAL CONFERENCE, SCHOOL OF ORIENTAL OPERATIONS, SENATE COMMITTEE ON APPROPRIATIONS, JUNE 16 1998. -
Annual Report'16
Annual Report’1 6 BFA has pressed ahead on a steady growth path throughout 2016, reporting financial performance indicators, which once again strengthen our financial identity. – The BFA Fortress. 2016 in Review +23% Market leader in banking Number of BFA Employees services offering in December rose from 2016, with the following market shares: 1.365 First Digital Annual Report issued in Angola 2.610 in December 2015 Transactions registered on BODIVA 24,4% to Share of Debit Cards 26,3% 2.632 +64% eFormar Share of POS terminals In December 2016 increase over 2015 BFA secured 67% of the market share of registered 4.332 Hours of Training 56,0% +0,8% conducted via the eLearning Share of Visa Cards Growth rate over 2015 transactions in 2016. platform: eFormar +8,4% AKZ +6,8% Net profit increase of Number of Customers BFA is the bank of choice of Sirius award in the in December 2016 “Best Financial Sector Company” reached 24.046 60,0% category. Amount stated in AOA million The Banker magazine Award for of Private Customers, “Bank of the Year in Angola 2016”. 1.571.107 according to the national +63,5% Customer Satisfaction Growth over 2015 EMEA Finance Award for survey. “Most Innovative Bank 2016”. BFA Annual Report AKZ Public access to BFA’s Annual Report Increase of can be done through laptop or tablet. Asset Portfolio Growth to A Customer growth of with This Annual Report can be downloaded at 108.939 www.bfa.ao in AOA million in securities (TBonds and TBills) BFA Net Service The Bank keeps its buying 1.312.880 position with respect to securities, -
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-33- References Aguilar, Renato, 1994, "Informe de Consultoria. Inflacion en Angola", Mimeo. Barro, Robert, 1995, "Inflation and Economic Growth", NBER Working Paper No. 5326. Berg, Andrew, and Eduardo Borensztein, 2000, "The Choice of Exchange Rate Regime and Monetary Target in Highly Dollarized Economies", Journal of Applied Economics, Vol. 3, No. 2. Briault, Clive, 1995, "The Costs of Inflation", Bank of England Quarterly Bulletin, No, 35, Calvo, Guillermo, and Carlos Vegh, 1999, "Inflation Stabilization and BOP Crises in Developing Countries", NBER Working Paper No. 6925. Dickey, D.A. and W.A. Fuller, 1979, "Distribution of the Estimators for Autoregressive Time Series with a Unit Root", Journal of the American Statistical Association, 74. Driffill, John, Grayham Mizon, and Alistar Ulph, 1990, "Costs of Inflation" in Friedman and Kahn, eds. Handbook of Monetary Economics, Vol. 2. Fischer, Stanley, Ratna Sahay, and Carlos Vegh, 2002, "Modern Hyper and High Inflations", NBER Working Paper No. 8930. Ghosh, Atish, and Steven Phillips, 1998, "Warning: Inflation May Be Harmful to Your Growth", IMF Staff Paper, Vol. 45, No. 4. Ize, Alain, Magnus Alvesson, Hernan Mejia, Jorge Perez, and Gonzalo Sanhueza, 2001, "Angola. Monetary and Foreign Exchange Policy Framework in Support of an Effective Disinflation Strategy", International Monetary Fund, Unpublished Document. Ize, Alain, Pedro Albuquerque, Carlos Perez Verdia, and Martin Naranjo, 2002, "Angola. Further Progress Towards Stabilization", International Monetary Fund, Document. Johansen, S0ren, 1991, "Estimation and Hypothesis Testing of Cointegration Vectors in Gaussian Vector Autoregressive Models", Econometrica, 59. Perron, Phillips, 1997, "Further Evidence on Breaking Trend Functions in Macroeconomic Variables", Journal of Econometrics 80. Reinhart, Carmen, and Keneth Rogoff, 2002, "FDI to Africa: The Role of Price Stability and Currency Instability", International Monetary Fund, Mimeo. -
OECD International Network on Financial Education
OECD International Network on Financial Education Membership lists as at May 2020 Full members ........................................................................................................................ 1 Regular members ................................................................................................................. 3 Associate (full) member ....................................................................................................... 6 Associate (regular) members ............................................................................................... 6 Affiliate members ................................................................................................................. 6 More information about the OECD/INFE is available online at: www.oecd.org/finance/financial-education.htm │ 1 Full members Angola Capital Market Commission Armenia Office of the Financial System Mediator Central Bank Australia Australian Securities and Investments Commission Austria Central Bank of Austria (OeNB) Bangladesh Microcredit Regulatory Authority, Ministry of Finance Belgium Financial Services and Markets Authority Brazil Central Bank of Brazil Securities and Exchange Commission (CVM) Brunei Darussalam Autoriti Monetari Brunei Darussalam Bulgaria Ministry of Finance Canada Financial Consumer Agency of Canada Chile Comisión para el Mercado Financiero China (People’s Republic of) China Banking and Insurance Regulatory Commission Czech Republic Ministry of Finance Estonia Ministry of Finance Finland Bank -
Djibouti's Financial Sector
DJIBOUTI Djibouti’s financial sector BY AHMED OSMAN ALI GOVERNOR, CENTRAL BANK OF DJIBOUTI he financial sector of the Republic of number of institutions to eleven, compared with only Djibouti has grown dramatically in recent two in 2006. The sector remains highly profitable with years, a process that began in the early low level of non-performing loans (approximately 6 2000s, and that was in large part prompted percent). The banking sector accounts for 97 per cent of byT an explosion the number of exchange agencies and financial assets and 10 per cent of GDP, and is a showcase remittances throughout the country. for Djibouti, and enjoys a solid reputation in the region. Growth in the banking sector began in the middle In addition to the intrinsic characteristics of expertise, of the decade, paralleled by an expansion of the professionalism, and experience inherent in each bank microfinance sector. Microfinance is a growing field that has contributed to this reputation, the whole in Djibouti, but access to finance remains limited for profession and hence the financial sector has benefited AHMED OSMAN ALI micro and small enterprises, reducing the potential from the solid foundations provided by the country’s is a graduate (DESS) for self-employment. Currently, only 4 percent of monetary system. from l’Institut d’ the population benefits from microcredit. In the The Republic of Djibouti today can thus boast of Etude Bancaire de coming years, microfinance institutions are expected having a healthy and reliable banking centre fully Tours and holds a to develop a range of new services including micro- connected to the international banking sphere, Masters in Economics insurance and micro-transfers. -
Completion Instructions Return of International Banking Statistics
Completion Instructions Return of International Banking Statistics Form MA(BS)21 Introduction 1. This return consists of two parts: Part I Locational Banking Statistics (LBS) and Part II Consolidated Banking Statistics (CBS). Authorized institutions (AIs) are required to report both Part I and Part II according to the completion instructions below. The completion instructions were prepared based on the Bank for International Settlements’ (BIS) Guidelines for reporting the BIS international banking statistics issued in March 2013 (the BIS Guidelines) available on the BIS website (www.bis.org). 2. Part I LBS collects information on AIs’ liabilities and claims according to the residence of counterparty. Data in aggregate form will be reported to the BIS as part of an international cooperative effort to compile and publish worldwide data on country exposures for the purpose of monitoring cross-border capital flows. The aggregate data are also used for compiling and evaluating the coverage of the balance of payments and external debt statistics. 3. Part II CBS collects information on AIs’ exposures and liabilities to both local and foreign counterparties which also takes into account the ultimate risk lies for assessing country credit risk exposures. Data in aggregate form will be reported to the BIS for compiling and publishing worldwide data. Part II CBS is subdivided into two subsets: Parts IIA and IIB. - Part IIA on Immediate Risk basis is to be reported by all AIs. - Part IIA on Supplementary data on funding sources and Part IIB on Ultimate Risk basis are to be completed by all licensed banks incorporated in Hong Kong.