Tag archives: Governance

10 things to know about OTC derivative provider licences in South Africa

Photo of Shawn Barnett (ZA)By Shawn Barnett (ZA) on Posted in Banking
South Africa has supported the G20’s efforts to reduce the risk posed by over-the-counter (OTC) derivatives, and has put in place a regulatory framework for the licensing of OTC providers that originate, issue, sell or make a market in OTC derivatives. The Financial Markets Act 2002 prescribes criteria for the authorisation of OTC derivative providers. … Continue reading

Islamic finance update – new draft governance standards

Photo of Riza MoosaBy Riza Moosa on Posted in Banking
The Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) is an independent Islamic international non-profit body that prepares accounting, auditing, governance, ethics and Shariah standards for Islamic financial institutions and the industry. AAOIFI is respected in the industry and their governance standards are used by many firms globally. The AAOIFI central Shariah board has … Continue reading
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