The Council of the Islamic Financial Services Board (IFSB) has recently adopted two new standards which are now available for download from the IFSB website – ifsb.org . The two Standards are:
1. Guiding Principles on Governance for Islamic Collective Investment Schemes (IFSB-6)
2. Capital Adequacy Requirements for Sukūk Securitisations and Real Estate Investment (IFSB-7)
The two [...]

Leading professional services firm Ernst & Young (EY) and the Associated Chambers of Commerce and Industry of India (ASSOCHAM) today released a report titled ”Financial services: state of the industry and way forward.” The report seeks to present distinct opportunities such as consolidation, development of the debt market, focus on risk management and alternate financing [...]

First Atlantic Commerce Ltd. (FAC), a leading international, online payment gateway and risk management solutions provider, unveils a comprehensive suite of ‘cardnotpresent’ consumer preauthentication and data risk management solutions aimed at reducing or mitigating RC23 and RC83 chargebacks associated with online payment ‘friendly fraud’.
The combined suite of solutions will help bank acquirers, online merchants and [...]

Accor Services and MasterCard Europe today announced a strategic alliance resulting in the creation of a new company, PrePay Solutions. The joint venture makes Accor Services the majority shareholder at 67 percent, while MasterCard Europe holds a 33 percent stake in the company.(1)
The new company is designed to combine the prepaid and electronic payments expertise [...]

The Islamic Financial Services Board (IFSB) is organising the 6th IFSB Summit on 5 – 8 May 2009 in Singapore. The Monetary Authority of Singapore is hosting this Summit, which is the first IFSB Summit to be held in Asia. The theme of the Summit is “The Future of Islamic Financial Services”.
Professor Rifaat Ahmed [...]

For nearly a year Americas Watchdog’s Wall Street Fraud Watchdog has been waging a battle in behalf of cheated and defrauded auction rate securities victims. While there have been some settlements announced, there are still numerous banks, stock brokerage firms, and others who sold auction rate securities to innocent investors that have yet to agree [...]