Issue:
Special Issue 2004

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Introduction:
SIMON
DENTON, CHAIRMAN OF THE OFFSHORE INSTITUTE
The EU Savings Tax Directive
will clearly have an impact
on business generation
FOREWORD
News:
A round up of what's been
happening in the market
place
Meeting Point:
THE MIDDLE EAST
Many of the big banks around Jersey,
such as HSBC, Standard Chartered Grindlays, and ABN Amro
have been doing business in the Middle East for quite some
time, and have developed strong relationships

VOLAW TRUST
COMPANY
Most of work they have done has
been to do with structuring
funds so as to make them sharia
compliant for the Islamic world
Country Profile:
IRISH CUSTODY
The CREST settlements system has
gone from T+5 to T+3, Irish Government bonds have moved
from physical settlement to settlement in Euroclear, and,
of course, the local currency has given way to the Euro
GUERNSEY
With its considerable knowledge,
fund expertise and innovative regulations, Guernsey is capitalising
on the increasing demand for delivery of specialist administration
services
to the growing boutique and
alternative investment sector

EMERGING IFCs
A look at how a number of developing
financial centres are positioning themselves on the world
stage
MIDDLE EAST REVIEW
A look at recent developments
in the rapidly developing
Middle East financial
services market

Industry Insight:
ESTABLISHING
MINIMUM REQUIRED PRACTICES FOR OFFSHORE OUTSOURCING
A new project from the FSTC aims
to fomalise expertise and
professional development for
offshore operations
CLASS ACTIONS
Last year institutional investors,
including hedge funds, actually
left approximately US$1 billion
on the table
CREDIT DERIVATIVES
Some critics believe that credit
derivatives provide a mechanism for sophisticated global
banks to unload their unwanted credit risk on unsuspecting
investors
WARRANTY
RATES
A new development in American
accounting rules has provided a wealth of data on product
warranty accrual rates and claims settlements, with at
least 750 manufacturers now providing data to the US Securities
and Exchange Commission
SUCCESS
IN OUTSOURCING
In recent times Outsourcing has become
a popular solution to many of the challenges facing financial
institutions
PENSION CRISIS
Whatever has been said about the
state of the pensions industry, one thing is certain, steps
need to be taken to
eradicate recent problems

WSTA:
COMPETITIVE LANDSCAPE SHIFTS
Omgeos long-awaited Central
Trade Manager is expected to be
endorsed by the Securities
Industry Association
THE IT INFRASTRUCTURE OPPORTUNITY
Just about every CIO in the financial
services industry today is feeling the pressure to do more
with less
TRENDS IN
ELECTRONIC TRADING
Why do people trade
electronically?
GLOBAL ASSURANCE
Regardless where your organisation
is located, it faces numerous threats to its continued operations
NETWORK
SECURITY
Driving returns from calculated risk
has long been the motivator behind the finance industry

CeBIT 2004
CeBIT 2004 will yet again prove itself
to be the largest ICT trade fair in the world
Reference:
DIARY OF
EVENTS
Important dates for your diary

ISMA - IFID
PROGRAMME
Gaining an International Fixed Income
and Derivatives certificate has been made a whole lot easier

DIRECTORY
Associations, IFC's, Central Banks
and Technology
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