Search results

1 – 10 of over 3000
Per page
102050
Citations:
Loading...
Access Restricted. View access options
Article
Publication date: 1 February 1999

Eric Banks

In a world of rapid and continuing change it is imperative that organisations maximise their return on all assets. One of the least‐exploited assets is the knowledge that resides…

2049

Abstract

In a world of rapid and continuing change it is imperative that organisations maximise their return on all assets. One of the least‐exploited assets is the knowledge that resides within the individuals and groups of the organisation. It is possible to create an organisation that has an appropriate culture and the internal systems and structure to realise the potential locked into these assets. This is what knowledge management attempts to do. Explains the basic concepts of knowledge management, and the underlying issues. Suggests a broad approach to creating a knowledge organisation.

Details

Work Study, vol. 48 no. 1
Type: Research Article
ISSN: 0043-8022

Keywords

Access Restricted. View access options
Article
Publication date: 27 June 2020

Ehi Eric Esoimeme

This paper aims to help build awareness with financial institutions about the money laundering risks posed by individuals who have been unknowingly recruited as Money Mules and…

1161

Abstract

Purpose

This paper aims to help build awareness with financial institutions about the money laundering risks posed by individuals who have been unknowingly recruited as Money Mules and the measures that financial institutions can adopt to detect illicit funds which are being received into the bank accounts of low risk or medium risk customers who are unknowingly recruited as “Money Mules”.

Design/methodology/approach

The research took the form of a desk study, which analysed various documents and reports such as a 2019 report on Money Mules by the European Union Agency for Law Enforcement Cooperation (EUROPOL); a 2019 and 2020 report on Money Mules by the Federal Bureau of Investigation (FBI) and the Better Business Bureau (BBB); the Financial Action Task Force Guidance on the Risk Based Approach to Combating Money Laundering and Terrorist Financing (High Level Principles and Procedures) 2007; the Financial Action Task Force Recommendations 2012; the United Kingdom’s Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017; the United States Federal Financial Institutions Examination Council Bank Secrecy Act/Anti-Money Laundering Examination Manual 2014; Transparency International Corruption Perceptions Index 2018; The UK Proceeds of Crime Act 2002 (as amended); the Joint Money Laundering Steering Group JMLSG, Prevention of money laundering/combating terrorist financing: Guidance for the UK financial sector Part I June 2017 (Amended December 2017); the United States Codified Bank Secrecy Act Regulations (31 CFR); the Nigerian Money Laundering Prohibition Act 2011 (as amended); and the Joint Money Laundering Steering Group JMLSG, Prevention of money laundering/combating terrorist financing: Guidance for the UK financial sector Part II: Sectoral Guidance June 2017 (Amended December 2017).

Findings

This paper determined that financial institutions may be able to prevent proceeds of crime from being laundered by individuals who have been unknowingly recruited as Money Mules if they focus monitoring resources on the emotionally vulnerable customers like newcomers to the country, unemployed people who may have lost their jobs because of a pandemic like COVID-19, students and those in economic hardship; pay very close attention to the country of origin where the funds emanate from; pay very close attention to the country where the funds are being transferred to; and pay close attention to frequent large cash deposits followed by wire transfers.

Originality/value

While most articles focus on the money laundering risk(s) associated with Money Mules and the measures that individuals can use to ensure that their bank accounts are not used by criminals to launder illicit funds, this paper focuses on the different mechanisms that banks can use to detect illicit funds which are being received into the bank accounts of low risk or medium risk customers who are unknowingly recruited as “Money Mules”. This paper recommends a proportional approach that balances anti-money laundering measures, financial inclusion and human rights. The mechanisms/measures which have been extensively discussed in this paper will help banks to identify, assess and understand their money laundering and terrorist financing risks as it relates to Money Mules and take commensurate measures to mitigate them.

Details

Journal of Money Laundering Control, vol. 24 no. 1
Type: Research Article
ISSN: 1368-5201

Keywords

Access Restricted. View access options
Article
Publication date: 1 February 1976

Eric Glover

The Institute of Bankers recently held its Education Conference, attended by representatives from its local centres all over the world. It was revealed there that, as a result of…

286

Abstract

The Institute of Bankers recently held its Education Conference, attended by representatives from its local centres all over the world. It was revealed there that, as a result of changes in the Institute's educational structure, there were now 7,500 banking students enrolled on day release courses in the U.K.

Details

Education + Training, vol. 18 no. 2
Type: Research Article
ISSN: 0040-0912

Access Restricted. View access options
Book part
Publication date: 1 January 2013

Marc Schneiberg

Recent institutional scholarship has discovered new possibilities for change in both the accumulation of incremental transformations and in the skillful action, institutional…

Abstract

Recent institutional scholarship has discovered new possibilities for change in both the accumulation of incremental transformations and in the skillful action, institutional work, and creative activities of political and institutional entrepreneurs. Lurking behind stability and change lie actors who can act reflexively within and with existing institutions, and who do so on a routine, rather than exceptional basis, redeploying, recombining, and transposing extant systems to solve problems of identity and control. This paper probes the potentials and limits of those possibilities – and the prospects for reform in American banking – via a case study of the Bank of North Dakota and efforts to transpose its hybrid model of state and community logics into other states. The analysis first finds a full range of institutional labors and skillful activities emphasized by recent work as the foundation for transposition. It finds crisis; the presence of multiple logics; the mobilization of boundary spanning networks; the use of conferences and theorization to sustain independent discourse and collective identities; skillful framing; and substantial editing and recombination to fit the model with receiving states’ institutions. It then juxtaposes these conditions with outcomes in the states, developing some implications for actor-centered institutionalisms, current preoccupations with mechanisms, and state-level strategies for financial reform.

Details

Institutional Logics in Action, Part A
Type: Book
ISBN:

Access Restricted. View access options
Article
Publication date: 14 May 2019

John Holland

Corporate financial communications concern public and private disclosure (Holland, 2005). This paper aims to explain how banks developed financial communications and how problems…

786

Abstract

Purpose

Corporate financial communications concern public and private disclosure (Holland, 2005). This paper aims to explain how banks developed financial communications and how problems emerged in the global financial crisis. It explores policy responses.

Design/methodology/approach

Bank cases reveal construction and destruction of the social, knowledge and economic world of financial communications over two periods.

Findings

In the 1990s, learning about financial communications by a “dominant coalition” (Cyert, March, 1963) in bank top management was stimulated by gradual change. The management learnt how to accumulate social and cultural capital and developed “habitus” for disclosure (Bourdieu, 1986). From 2000, rapid change and secrecy factors accelerated bank internalisation of shareholder wealth maximising values, turning “habitus” in “market for information” (MFI) (Barker, 1998) into a “psychic prison” (Morgan,1986), creating riskier bank cultures (Schein, 2004) and constraining learning.

Research limitations/implications

The paper introduces sociological concepts to banking research and financial disclosures to increase the understanding about financial information and bank culture and about how regulation can avoid crises. Limitations reflect the small number of banks and range of qualitative data.

Practical implications

Regulators will have to make visible the change processes, new contexts and knowledge and connections to bank risk and performance through improved regulator action and bank public disclosure.

Social Implications

“Masking” and rituals (Andon and Free, 2012) restricted bank disclosure and weakened governance and market pressures on banks. These factors mediated bank failure and survival in 2008, as “psychic prisons” “fell apart”. Bank and MFI agents experienced a “cosmology episode” (Weick, 1988). Financial communications structures failed but were reconstructed by regulators.

Originality/value

The paper shows how citizens require transparency and contested accountability to democratise finance capitalism. Otherwise, problems will recur.

Details

Qualitative Research in Financial Markets, vol. 11 no. 1
Type: Research Article
ISSN: 1755-4179

Keywords

Access Restricted. View access options
Article
Publication date: 29 September 2023

Sana Belgacem, Manel Hadriche and Fethi Belhaj

The purpose of this paper is to examine the impact of supervision on banking risk to determine whether prudential measures taken especially after financial crises are effective in…

45

Abstract

Purpose

The purpose of this paper is to examine the impact of supervision on banking risk to determine whether prudential measures taken especially after financial crises are effective in limiting banking risks.

Design/methodology/approach

The empirical study focused on 210 annual reports of almost all Tunisian banks during the 2010–2019 period. Banking supervision effectiveness is measured by enforcement outputs (i.e. on-site audits and sanctions). The generalized least squares method of multivariate analysis was used to analyze this study.

Findings

The results show that supervision set up and on-site audits reduce bank risk, while the relationship between sanctions and risk appears to be non-significant. The results still hold after robustness tests by changing the bank's risk-taking indicators.

Practical implications

This study has important implications for managers and investors in the Tunisian context. In particular, the findings provide microevidence for the impact of supervision in Tunisian banks to reduce their risk-taking. The empirical results have important implications for the decision-making of bank managers and regulators in Tunisia as well as for relevant actors in similar emerging economies.

Originality/value

This study extends the previous literature on supervision by examining the relationship between supervision and banking risk in an emerging country, which has been little explored, Tunisia in particular. Furthermore, this study examines whether supervision reduces risk borne by Tunisian banks, and to the best of the researchers' knowledge, it is one of the pioneering studies of supervision in the Tunisian market. This latter market has different economic, political and social attributes compared to developed countries. So, this paper helps to clarify the impact of supervision enforcement and macroprudential policies. In addition, this paper strongly contributes to the various stakeholders “understanding of the importance and implication of supervision practices. However, since banks tend not to reduce their participation in risky activities to seek higher profits, supervisory policymakers and practitioners should also take a closer look at the composition of banks” investment portfolios to reduce moral hazard and regulatory arbitrage behavior. Empirically, the authors measure supervision by on-site audits and sanctions and examine how they affect bank risk level, which was never approached in Tunisia.

Details

EuroMed Journal of Business, vol. 20 no. 1
Type: Research Article
ISSN: 1450-2194

Keywords

Access Restricted. View access options
Article
Publication date: 10 August 2010

Jeremy O'Hare

200

Abstract

Details

Reference Reviews, vol. 24 no. 6
Type: Research Article
ISSN: 0950-4125

Keywords

Access Restricted. View access options
Article
Publication date: 1 January 2004

ANDREW ADAMS and SETH ARMITAGE

The mutualisation of two English third division football clubs in 2001 and the creation of a large number of supporters' trusts make it timely to consider whether there is a case…

423

Abstract

The mutualisation of two English third division football clubs in 2001 and the creation of a large number of supporters' trusts make it timely to consider whether there is a case for mutualisation of football clubs. This paper assesses whether mutuality would be of economic benefit for clubs, drawing heavily on the experience of mutuals in the financial sector. Our conclusions are mixed. The economic case rests on the distinctive feature of customer loyalty to a club, presuming this to be much stronger than loyalty to a financial institution. However, club members in a mutual must expect to be called upon to provide financial support.

Details

Studies in Economics and Finance, vol. 22 no. 1
Type: Research Article
ISSN: 1086-7376

Access Restricted. View access options
Article
Publication date: 1 December 1935

Statements appear from time to time in the Press and elsewhere that aluminium cooking utensils are dangerous to health and that the small amount of the metal which may be…

16

Abstract

Statements appear from time to time in the Press and elsewhere that aluminium cooking utensils are dangerous to health and that the small amount of the metal which may be dissolved or corroded by food may give rise to various ailments and may even be a contributory cause of cancer. These statements have been opposed as being contrary to experience and moreover have been declared by many scientific men to be devoid of any scientific foundation whatever. Nevertheless these allegations have been repeatedly made and have induced many of the public to banish aluminium vessels from their kitchens. The Ministry's Report entitled “ Aluminium in Food ” is an attempt to correlate all the known information on the subject, with the object of arriving at some definite conclusions as to whether or not aluminium is in any way injurious. Not only aluminium vessels but alum baking powders have been brought under review, although the latter have been superseded in this country for many years by phosphate baking powders. The report, after giving details of the occurrence of aluminium naturally in plants, vegetables, foods, etc., and the methods of determining it, proceeds to a critical examination of the published scientific work on the subject. The amount of aluminium which may gain access to food from aluminium vessels under different conditions is discussed, and shown to be very small. Many of the statements made as to large amounts being taken up by food must be ascribed to the use of faulty methods of analysis.

Details

British Food Journal, vol. 37 no. 12
Type: Research Article
ISSN: 0007-070X

Access Restricted. View access options
Article
Publication date: 1 June 1993

Mary Ann Boose

Agency theory leads to proposals that managers of asset portfolios would not necessarily maximize net return on invested assets for any level of risk. Because investment income…

246

Abstract

Agency theory leads to proposals that managers of asset portfolios would not necessarily maximize net return on invested assets for any level of risk. Because investment income accounts for approximately one third of the total income of life insurers, the rate of return on invested assets can substantially affect an insurer's products and profitability. Prior research has shown systematic differences in general insurance expenses between classes of insurers, but continued viability of all classes of insurers through time. This study tests the predictions of agency theory and its alternatives concerning the investment yields of life insurers and finds offsetting differences in the investment results of these insurers. The study also finds significant economies of scale in the investment function that help explain what might otherwise appear to be an unjustified emphasis on firm growth. This study has important implications for participants in the industry, regulators, consumers and investors.

Details

Managerial Finance, vol. 19 no. 6
Type: Research Article
ISSN: 0307-4358

1 – 10 of over 3000
Per page
102050