scholarly journals Technology Intensity and Employment in the Indian Economy

2020 ◽  
pp. 097674791989532
Author(s):  
Shampa Paul ◽  
Kaushalesh Lal
Keyword(s):  
Financial Services ◽  
Manufacturing Sector ◽  
Information And Communications Technology ◽  
Capital Goods ◽  
Factors Affecting ◽  
Services Sector ◽  
Indian Economy ◽  
Financial Services Sector ◽  
Impact Of Technology ◽  
The Impact

The article investigates the impact of technology on employment in key sectors of the Indian economy. The analysis encompasses services and manufacturing sectors. The services sectors include firms engaged in financial and non-financial segments, while manufacturing sector consists of firms engaged in production of consumer goods. The findings suggest that indicators that have affected employment in manufacturing sector are size of operations, import of capital goods and better human resource (HR) practices, while in financial services sector, the factors affecting employment are better HR policies, profitability and expenditure on Information and Communications Technology (ICT). Whereas in non-financial sector firms, import of capital goods and expenditure on training and welfare of workforce significantly influenced employment. The distinguishing finding is that association between employment creation and age of firms is negative in financial services sector, while age of firm is immaterial in manufacturing and non-financial sectors. The study uses Prowess database for the period between 2011–2012 and 2015–2016. JEL: O14, O15, O33

FIFA – highlighting the links between global banking and international money laundering

2018 ◽  
Vol 21 (4) ◽  
pp. 498-512 ◽  
Author(s):  
Mohammed Ahmad Naheem
Keyword(s):  
Money Laundering ◽  
Financial Services ◽  
Banking Sector ◽  
Due Diligence ◽  
Content Type ◽  
Services Sector ◽  
Financial Services Sector ◽  
Global Banking ◽  
Beneficial Ownership ◽  
The Impact

PurposeThis paper uses the recent (August 2015) FIFA arrests to provide an example of how illicit financial flows are occurring through the formal banking and financial services sector. The purpose of this paper is to explore which elements of anti-money laundering (AML) compliance need to be addressed to strengthen the banking response and reduce the impact of IFFs within the banking sector.Design/methodology/approachThe paper is based on the indictment document currently prepared for the FIFA arrests and the District Court case of Chuck Blazer the FIFA Whistleblower. It uses the banking examples identified in the indictment as typologies of money laundering and wire fraud. Corresponding industry reports on AML compliance are included to determine where the major weaknesses and gaps are across the financial service.FindingsThe main findings from the analysis are that banks still have weak areas within AML compliance. Even recognised red flag areas such as off shore havens, large wire transfers and front companies are still being used. The largest gaps still appear to be due diligence and beneficial ownership information.Research limitations/implicationsThe research topic is very new and emerging topic; therefore, analysis papers and other academic writing on this topic are limited.Practical implicationsThe research paper has identified a number of implications for the banking sector, addressing AML deficiencies, especially the need to consider the source of funds and the need for further enhanced due diligence systems for politically exposed and influential people and the importance of beneficial ownership information.Social implicationsThis paper has implications for the international development and the global banking sector. It will also influence approaches to AML regulation, risk assessment and audit within the broader financial services sector.Originality/valueThe originality of this paper is the link between the emerging issues associated with allegations of bribery and corruption within FIFA and the illicit financial flow implications across the banking sector.

Climate Change and Entrepreneurial Financing

2021 ◽  
pp. 399-410
Author(s):  
Ayansola Olatunji Ayandibu ◽  
Makhosazana Faith Vezi-Magigaba
Keyword(s):  
Climate Change ◽  
Financial Services ◽  
Developing Economies ◽  
Climatic Conditions ◽  
Services Sector ◽  
Financial Services Sector ◽  
Sustainable Economy ◽  
Entrepreneurial Financing ◽  
The Impact ◽  
Gain Access

Entrepreneurs in emerging and developing economies face many challenges curtailing their ability to finance and grow their business ventures. Climate change provides new opportunities for entrepreneurs to gain access to finance and contribute toward more climate-resilient economies. The objective of this chapter is to outline the dimensions of entrepreneurial financing that are sensitive to levels of climate change with emphasis on the financial services sector's role in reacting to these changes. An analysis of current extant literature will be explored, and evidence supporting effective entrepreneurial financing will be used to develop a theoretical framework for climate change and entrepreneurial financing to foster a more climatic conditions-sustainable economy. The literature in this chapter indicated the need for establishing the impact of climate change on entrepreneurial financing in the financial services sector in order to provide recommendations that can direct funding more effectively towards climate-resilient activities and a more climatic conditions-sustainable economy.

scholarly journals ‘Won't get fooled again’: How personal values shape leadership purpose, behavior and legacy

2019 ◽  
Vol 25 (03) ◽  
pp. 414-429
Author(s):  
Emma Watton ◽  
Scott Lichtenstein ◽  
Paul Aitken
Keyword(s):  
Recent Work ◽  
Financial Services ◽  
Personal Values ◽  
Interview Data ◽  
Senior Managers ◽  
Services Sector ◽  
Financial Services Sector ◽  
Personal Value ◽  
The Impact

AbstractWhile much has been documented about the construction of an individual's personal values, very little attention has been paid to how personal values connect with core aspects of leadership such as purpose, behavior and legacy. Through an expansion of Ken's recent work on this topic, the authors explore the impact of personal values-led leadership. A model of how personal values shape leadership purpose, behavior and legacy is introduced. These dimensions are then illuminated through interview data from senior managers from the financial services sector. The personal value impacts are examined in the context of the literature and implications for organizations and managers are drawn together.

A sample survey analysis of the effectiveness of training and development initiatives in Bahrain’s financial sector on employability of Bahraini nationals in 2015

2016 ◽  
Vol 12 (4) ◽  
pp. 359-383 ◽  
Author(s):  
Subhadra Ganguli ◽  
Reem Hameed Matar
Keyword(s):  
Financial Services ◽  
Financial Sector ◽  
Training And Development ◽  
Policy Implications ◽  
Sample Survey ◽  
Content Type ◽  
Services Sector ◽  
Financial Services Sector ◽  
Development Initiatives ◽  
The Impact

Purpose Bahrain has been the center for financial services industry in the Middle East since 1970s as a result of the national strategy of diversification of its economy from oil-based resources to financial services. Since then Bahrain has also become the center for training and development for the Bahraini nationals with the aim of recruiting Bahrainis as employees of choice by the sector. The purpose of this paper is to analyze the effect of training and development initiatives on the employability of Bahrainis in the financial services sector in 2015. To this end, pioneering initiatives were undertaken by the government in creating institutions for training and continuous education in Bahrain. The Economic Vision 2030 of Bahrain lays emphasis on a vibrant private sector with Bahrainis being the employees of choice. Design/methodology/approach The study is a mixed approach using quantitative and qualitative methods through the use of a survey questionnaire and secondary data to analyze the impact of training and development on the employability of Bahraini nationals in the financial sector as of 2015. Findings The findings show that training and development lead to career progression which impact employability rates of Bahrainis in the financial services sector for the selected sample of financial sector employees. Research limitations/implications The study is limited by only a cross-section of data collected via questionnaire and does not consider the historical development and analysis of employability rates in Bahrain over the years. The questionnaire has some limitations and there are expected possible biases in the responses. Originality/value Given the sensitivity of the topic of research, the analysis has policy implications for the labor market of Bahrain due to the Bahrain 2030 Vision of privatization and diversification and is the first study of its kind for the financial sector of Bahrain.

Illicit financial flows: HSBC case study

2018 ◽  
Vol 21 (2) ◽  
pp. 231-246 ◽  
Author(s):  
Mohammed Ahmad Naheem
Keyword(s):  
Money Laundering ◽  
Financial Services ◽  
Banking Sector ◽  
Financial Flows ◽  
Content Type ◽  
Services Sector ◽  
Financial Services Sector ◽  
Beneficial Ownership ◽  
Illicit Financial Flows ◽  
The Impact

Purpose This paper provides examples of how illicit financial flows (IFFs) are occurring through the formal banking and financial services sector. The purpose of this paper is to explore which elements of anti-money laundering (AML) compliance need to be addressed to strengthen the banking response and reduce the impact of IFFs within the banking sector. Design/methodology/approach The paper uses a number of sources of secondary data including the Swiss leaks data for HSBC and also the Permanent Sub Committee Report on HBUS in the USA, the OECD report on money laundering compliance and Financial Action Task Force (FATF) guidelines on beneficial ownership. It links this information to the relevant IFF reports produced through Global Financial Integrity to highlight the connection between banking AML compliance and IFF transfers through the banking sector. Findings The main findings from the analysis are that banks have a greater legal responsibility towards detecting and reporting suspicious transactions than they would have previously considered. This includes identifying the source and purpose of fund transfers and establishing the beneficial ownership of recipients. Research limitations/implications The research topic is new; therefore, analysis papers and other academic writing on this topic are limited. Practical implications The research paper has identified a number of implications to the banking sector on addressing AML deficiencies, especially the need to improve standards of beneficial ownership verification and customer due diligence (CDD) checks for politically exposed persons. Social implications This paper has implications for the international development and the global banking sector. It will also influence approaches to AML regulation, risk assessment and audit within the broader financial services sector. Originality/value The originality of this paper is the link between the HSBC cases and IFFs and the implications this will have for future AML compliance processes across the banking sector.

scholarly journals THE IMPACT OF CRISIS TRENDS IN BANKING ON EXPANDING FINANCIAL SAFETY NET

TEME ◽  
2018 ◽  
pp. 899
Author(s):  
Mirjana Jemović ◽  
Borko Krstić
Keyword(s):  
Financial Institutions ◽  
Financial Services ◽  
Financial Stability ◽  
Safety Net ◽  
Regulatory Framework ◽  
Services Sector ◽  
Financial Services Sector ◽  
Banking Institutions ◽  
The Impact ◽  
Financial Safety Net

Stable and efficient functioning of financial institutions, especially banking institutions, requires the existence of an adequate regulatory framework. The differences in the character and functioning of financial institutions caused differences in the regulatory approaches for maintaining stability and efficiency, whereby one should bear in mind that even within a concrete financial system, the regulatory framework evolves in order to be able to respond to new trends in the financial services sector. A growing homogenization of activities and a less noticeable difference among financial institutions caused the financial safety net to expand to non-bank financial institutions in order to maintain financial stability. The aim of this paper is to consider the justification and implications of such an expansion. Considering the fact that financial safety net „expansion“ stimulates riskier behaviour of protected institutions, this paper offers suggestions for dealing with this problem in order to reduce it as much as possible. 

scholarly journals Singapore

2019 ◽  
Vol 19 (229) ◽  
pp. 1
Author(s):  
Keyword(s):  
Technological Innovation ◽  
Financial Institutions ◽  
Financial Services ◽  
Business Models ◽  
Financial Sector ◽  
Efficient Manner ◽  
Services Sector ◽  
Financial Services Sector ◽  
The Impact ◽  
Innovation And Change

Fintech developments hold the promise of having a far-reaching impact on the Singaporean financial services sector, bringing both opportunities and new risks. Technological innovation is one of the most influential developments affecting the financial sector. While fintech promises opportunities for new entrants and incumbents, innovation and change introduce new risks for clients, financial institutions (FIs) and the system. Early indications suggest that while a significant amount of activity has taken place across the financial services landscape, the impact is largely characterized as helping incumbents deliver financial services in a more efficient manner as opposed to disrupting existing business models. Nonetheless, disruption could be around the corner.

scholarly journals Exploring Managers’ Perspective on Factors Affecting Generation Y Retention

2021 ◽  
Vol 7 (2) ◽  
pp. 159-174
Author(s):  
Dideana Thompson ◽  
Agatha Lamentan Muda
Keyword(s):  
Generation Y ◽  
Financial Services ◽  
Personal Development ◽  
Qualitative Method ◽  
Communication Strategy ◽  
Factors Affecting ◽  
Services Sector ◽  
Financial Services Sector ◽  
Reward And Recognition ◽  
Organisational Level

The study explores factors behind Generation Y employees' retention from the perspective of managers in a financial services sector. A qualitative method was employed, by interviewing eight managers as informants. The results show ten factors affecting Generation Y employees’ retention are compensation and pay, personal development, job security, job satisfaction, work-life balance, reward and recognition, training, leadership, relationship and communication, and work environment. Seven main challenges to retain Generation Y employees identified are loyalty, their love for a challenging job, communication, strategy, working style, satisfaction, and traits. The study discusses implications and suggestions for organisational level strategies to retain Generation Y employees.

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