scholarly journals A Review of the Recent Developments of Green Banking in Bangladesh

2021 ◽  
Vol 13 (4) ◽  
pp. 1904
Author(s):  
Fatema Khairunnessa ◽  
Diego A. Vazquez-Brust ◽  
Natalia Yakovleva
Keyword(s):  
Central Bank ◽  
Financial Institutions ◽  
Financial Regulation ◽  
Economic Transition ◽  
Secondary Data ◽  
Developed Countries ◽  
Annual Reports ◽  
Infrastructure Development ◽  
Recent Developments ◽  
The Developed Countries

This paper aims to explore the emergence of ‘Green Banking’ in Bangladesh, with a focus on the role of financial regulation and regulators in greening the financial sector. It also examines the contribution and involvement of banks and non-bank financial institutions in promoting green economic transition. The study is based on the review of secondary data collected from various sources, such as quarterly reports, annual reports, websites of the central bank of Bangladesh, and other commercial banks and non-bank financial institutions as well as various articles, and newspapers reports on green banking in Bangladesh. The collected data is reviewed using descriptive statistics. The research results reveal that the central bank of Bangladesh played a major role in greening the financial system of the country by implementing various green policies and regulatory measures. Although Bangladesh is still far behind the developed countries in terms of environmental performance, the country has made a remarkable progress in initiating and expanding green banking practices, infrastructure development, and accelerating green growth in recent years.

scholarly journals Green Banking in Bangladesh: A Commitment towards the Global Initiatives

2014 ◽  
Vol 8 (1-2) ◽  
pp. 17-40 ◽  
Author(s):  
Md Masukujjaman ◽  
Serena Aktar
Keyword(s):  
Secondary Data ◽  
Developed Countries ◽  
Infrastructure Development ◽  
General Picture ◽  
Road Map ◽  
The Status ◽  
Consistent Manner ◽  
Conservation Projects ◽  
Global Initiative ◽  
The Developed Countries

Banks usually provide dedicated public services for profits. It is believed that profit should not be earned at the expense of the world's most pressing environmental problems. Thus the concept of green banking is evolved in response to the global initiative to save environment. It is a kind of welfare banking for the society at large, it responses to be green in daily operations and financing of nature conservation projects. The present paper aims to highlight the green banking road map in Bangladesh and the status of its implementation. Further, an attempt has been made to explore activities of commercial banks in comparison with global green banking initiatives. The study utilized secondary data available from related websites, published reports and articles. The study concluded that Bangladesh is far behind their counterparts from the developed countries. But the general picture presents a transition to green banking in a consistent manner for most banks. By taking care of its infrastructure development and accelerating its existing green movements, banks can ensure sustainability for itself and greener world for communities. DOI: http://dx.doi.org/10.3329/jbt.v8i1-2.18284 Journal of Business and Technology (Dhaka) Vol.8(1-2) 2013; 17-40

scholarly journals ANALYSIS OF THE PREMIUM TREND IN THE INSURANCE INDUSTRY IN KOSOVO 2013 - 2017

2019 ◽  
Vol 31 (1) ◽  
pp. 113-122
Author(s):  
Sokol Berisha
Keyword(s):  
Central Bank ◽  
Decision Maker ◽  
Financial Stability ◽  
Insurance Industry ◽  
Secondary Data ◽  
Developed Countries ◽  
Annual Reports ◽  
Primary Data ◽  
Faster Development

Kosovo continues to be one of the countries with the most undeveloped economy in the region and with negative measuring indicators of the economic development, high unemployment, a deep negative commercial balance, and non-favorable macro economical politics to guarantee a faster development trend, although it has marked a positive economical increase in recent years but too insufficient to weaken poverty and decrease the unemployment rate. The insurance sector participates with only 3% in the Kosovo financial sector, except for its very symbolic participation, this industry is characterized by a very low degree of development and the main motive is to analyze the very slow trend of industry development, to identify the causes and factors that have influenced this segment to be so underdeveloped and of a very symbolic weight in the Kosovo economy.The purpose of this paper is to explain the trend of insurance premiums on insurance industry in Kosovo, effect of foreign investments in this sector, also the positive implications in the competition in this market. The purpose of a study can be classified into two major categories; descriptive and explanatory.For our case study, I have collected primary data by conducting closed interviews. I have interviewed 10 senior risk underwriter managers from all companies present in the insurance industry in Kosovo. Methodology and data collection for our research paper it is based on case study method, analyzing trend of premiums through case study, we have collected also secondary data or archival records from Central Bank Kosovo from specific documents: official yearly annual reports, annual financial stability reports. This is based on the reasoning that this data archive consists of official information collected, processed and published by the central bank of Kosovo as the oversight body of the financial system in Kosovo. Other source of secondary data used it is annual reports published on websites of the Insurance Companies.In this paper I focused specifically on inquiring about the level of development of the insurance industry in Kosovo. I have also specifically explored and presented strategic orientation and detailed activities through which the premium structure in Kosovo could be changed in favor of voluntary insurance. Also another very important goal is the susceptibility of the relevant decision maker factors and the whole readers that the results of this analysis relevant findings to influence in order to sensitize the decision maker and readers for the situation and for the need of focus that this segment should be developed because it is one of the most important segments in the economies of developed countries or for an undeveloped country and economy that aims a strategic objective for a faster development.

scholarly journals A REVIEW OF PARTICIPATING GROUP OF TWENTY (G20) COUNTRIES IN AUSTRALIA 2014

2018 ◽  
pp. 4-6
Author(s):  
Gundu D K ◽  
Suthakaran K.
Keyword(s):  
Central Bank ◽  
Financial Institutions ◽  
Global Governance ◽  
Global Economy ◽  
Financial Regulation ◽  
Community Leaders ◽  
International Financial Institutions ◽  
Global Development ◽  
Governance Framework

The group of twenty (G20) cooperation between the twenty members is seen as significant and systemic. These twenty countries are participating in Australia in 2014 with non- members countries. Australian business and community leaders will have the possibility to contribute to G20 discussions. Central Bank Governors and Finance Ministers meet regularly to discuss ways to reform international financial institutions, improve financial regulation, strengthen the global economy hence these meetings is a year-long program. This study is then assesses the expansion of the G20’s scope to global development and context of the current global governance framework.

Measuring financial distress of non-bank financial institutions of Bangladesh using Altman’s Z-Score model

2020 ◽  
Vol 13 ◽  
pp. 15-28
Author(s):  
Mohammad Rifat Rahman ◽  
Md. Mufidur Rahman ◽  
Athkia Subat
Keyword(s):  
Financial Institutions ◽  
Financial Distress ◽  
Stock Exchange ◽  
Secondary Data ◽  
Vital Role ◽  
Annual Reports ◽  
Z Score ◽  
Factors Affecting ◽  
Financial Soundness ◽  
The Government

Non-bank financial institutions (NBFIs) are recognized as the fundamental of a financial market as they complement the banking institutions. Since 1981, NBFIs have been playing a vital role in the economic growth of Bangladesh. Unfortunately, in the recent years most of the NBFIs have been found financially distressed. However, few NBFIs that were included in our sample claimed themselves as potential companies with sound financial performance though it was highly criticized. Therefore, the motivation for conducting this study is to examine the financial soundness of selected NBFIs using Altman’s Z score (1995). This study involved 20 NBFIs out of 23 Dhaka Stock Exchange (DSE) listed institutions, which were selected based on information availability by considering A, B and Z categories from 2014 to 2018 period. The secondary data were collected from the annual reports of the selected companies over the period. The findings are as follows: 95% of the 20 NBFIs were in distress zone during the study period and only 5% NBFIs were in safe zone during 2017-2018 period. Therefore, the analysis predicted that within the upcoming years a few of the NBFIs will be approaching bankruptcy. Finally, it is suggested that the government, respective regulatory authority, and policy makers to pay an immediate attention on mitigating the factors affecting the financial distress.

scholarly journals The Agenda of Wearable Healthcare

2005 ◽  
Vol 14 (01) ◽  
pp. 125-138 ◽  
Author(s):  
G. Tröster
Keyword(s):  
Health System ◽  
Developed Countries ◽  
Effective Prevention ◽  
Embedded Computer ◽  
Individual Feedback ◽  
Recent Developments ◽  
Health Assistant ◽  
The Developed Countries ◽  
Balance Factor ◽  
Opening Up

Driven by cost and quality issues, the health system in the developed countries will undergo a fundamental change in this decade, from a physician-operated and hospital centred health system to consumer operated personal prevention, early risk detection and wellness system. This paper sketches the vision of a ‘Personal Health Assistant’ PHA, opening up new vistas in patient centred healthcare. The PHA comprises a wearable sensing and communicating system, seamlessly embedded in our daily outfit. Several onbody sensors identify the biometric and contextual status of the wearer continuously. The embedded computer generates the ‘Life Balance Factor’ LBF as an individual feedback to the user and to the surroundings affording an effective prevention, disease management and rehabilitation also in telemedicine. The state-of-the-art enabling technologies – mainly miniaturization of electronics and sensors combined with wireless communication and recent developments in wearable and pervasive computing are presented and assessed concerning multiparameter health monitoring.

scholarly journals Repercusiones monetarias de la crisis financiera de fines del siglo xx

UDA AKADEM ◽  
2018 ◽  
pp. 4-19
Author(s):  
Carlos Cordero-Díaz
Keyword(s):  
Financial Crisis ◽  
Central Bank ◽  
Financial Institutions ◽  
Social Impact ◽  
Financial Regulation ◽  
Financial System ◽  
Explanatory Factors ◽  
Monetary System ◽  
The Impact ◽  
Siglo Xx

La crisis que comprometió al sistema financiero ecuatoriano a fines del siglo XX es de las más fuertes que ha enfrentado nuestro país, comparable, en cuanto a sus implicaciones macroeconómicas y reformas económicas, con la que se desarrolló en los años veinte del siglo pasado; pero más devastadora en términos de los efectos sociales que tuvo. Los testimonios de personas que perdieron sus recursos económicos, primero en el feriado bancario y luego con la liquidación de varios bancos e instituciones financieras, demuestran la magnitud de la crisis.La culminación de la crisis financiera coincide con el cambio del régimen monetario en nuestro país, cambio que también provocó pérdidas a ciudadanos y empresas, ya que el elevado tipo de cambio utilizado, provocó una significativa reducción en el valor de los ahorros. La participación del Estado ecuatoriano en el surgimiento, desarrollo y culminación de la crisis financiera fue sin duda determinante. La nueva normativa para la regulación bancaria y financiera dictada a inicios de los años noventa fue uno de los factores explicativos del origen; la entrega de recursos a las instituciones financieras, a través del Banco Central y a los depositantes a través de la AGD, permitieron que la crisis el sistema financiero se trasladara al ámbito monetario.El Ecuador inauguró el nuevo siglo con un nuevo régimen monetario y sintiendo también las repercusiones de la las crisis financiera.Palabras claves: crisis financiera, dolarización, banco central, macroeoconomíaAbstractThe crisis which compromised the Ecuadorian financial system in the late twentieth century is the strongest our country has faced, comparable in terms of its macroeconomic implications and economic reforms, with the one developed in the twenties of the last century; however, more devastating in terms of its social impact. The testimonies of people who lost their economic resources first during the bank holiday; and then, with the liquidation of several banks and financial institutions, demonstrate the magnitude of the crisis. The culmination of the financial crisis coincides with the change of the monetary regime in our country; change that also caused losses to citizens and businesses, since the high exchange rate caused a significant reduction in savings value.The participation of the Ecuadorian State in the emergence, development and culmination of the financial crisis was certainly crucial. The new rules for the banking and financial regulation enacted in the early nineties was one of the explanatory factors of the origin. The provision of resources to financial institutions by the Central Bank, and to depositors through the AGD (Deposit Guarantee Agency), enabled the crisis of the financial system to move to the monetary field.Ecuador inaugurated the new century with a new monetary system; but at the same time feeling the impact of the financial crisis. Keywords: Financial Crisis, Dollarization, Central Bank, Macro Economy.

Corporate Fiduciary Duties and Prudential Regulation of Financial Institutions

2015 ◽  
Vol 16 (1) ◽  
Author(s):  
Edward M. Iacobucci
Keyword(s):  
Supreme Court ◽  
Financial Institutions ◽  
Financial Regulation ◽  
Fiduciary Duty ◽  
Court Cases ◽  
Fiduciary Duties ◽  
The Supreme Court ◽  
Recent Developments ◽  
Clear Statement ◽  
Fiduciary Liability

AbstractWhile corporate fiduciary duties in many jurisdictions are generally understood to be owed to shareholders, recent Canadian Supreme Court cases have held that directors owe their duties to the corporation, period, not to shareholders or any other stakeholders. This development has introduced significant indeterminacy to the law since it is not clear what such a conception of the duty requires. The Supreme Court did, however, make one clear statement: it held that directors owe a fiduciary duty to ensure that their corporations obey statutory law. Such a duty encourages compliance with law, but may over-encourage compliance: individual directors do not necessarily gain personally from legal breaches, but may lose personally from them because of fiduciary liability, so they will have excessively strong incentives to avoid such breaches. The Article connects the fiduciary duty to obey law with recent developments in financial regulation that have increased the obligations on directors of financial institutions to oversee risk. By requiring directors to be engaged with risk at a governance level, regulators have enhanced the probability that directors will face liability under their fiduciary duties if their institutions do not comply with financial regulations. As the Article explains, the policy tradeoff between enhanced compliance benefits and over-compliance costs of fiduciary liability is different in the context of financial regulation from that in other settings. For example, significant corporate penalties, as opposed to penalties borne by individual directors, may be inconsistent with the prudential goals of regulation, perhaps because of toobig- to-fail concerns. The fiduciary duty to cause the corporation to obey financial regulation, and a stricter application of this duty than the highly deferential standard that exists in Delaware law, has advantages that do not exist in other legal and regulatory contexts.

scholarly journals Management of Financial Technology and Its Impact on the Banking Services: Palestine

2020 ◽  
Vol 9 (2) ◽  
pp. 9
Author(s):  
Iyad Yousef Dalbah
Keyword(s):  
Financial Institutions ◽  
Service Industry ◽  
Developed Countries ◽  
Financial Service ◽  
Banking Services ◽  
Customer Information ◽  
The Developed Countries ◽  
Technology Control ◽  
The Impact ◽  
Financial Technology

This paper seeks to investigate the impact Financial Technology would have on the financial service banking industry in Palestine, The results show that the financial institutions need to adapt to the digital trends as early as possible, understanding the unmet needs of a digital customer in a better way. The growing expectation from financial institutions is to shift from product-based models to customer-based models, equipping themselves to offer real-time, easy to use, personalized products and services to the digital customers through customer’s preferred channel, Financial Technology is greatly innovating and enhancing the efficiency of the financial service industry thereby contributing to economic development. In Palestine, The researcher recommend the use of specialists in the field of electronic sites design in particular, because the site attractiveness needs experience sufficient experience in this area to support its attractiveness for customers, and to benefit from the experiences of the developed countries in the field of software technology control and protection of customer information, in order to strengthen current Software applied to those banks.

Balancing anti-money laundering measures and financial inclusion

2020 ◽  
Vol 23 (1) ◽  
pp. 64-76
Author(s):  
Ehi Eric Esoimeme
Keyword(s):  
Central Bank ◽  
Money Laundering ◽  
Financial Institutions ◽  
Financial System ◽  
Secondary Data ◽  
Financial Inclusion ◽  
Content Type ◽  
Financing Of Terrorism ◽  
The Uk ◽  
Fair Balance

Purpose The purpose of this paper is to critically examine the anti-money laundering measures of the UK and Nigeria, to determine what the best approach is. The best approach is likely the one that strikes a fair balance between protecting the financial system against money laundering and promoting financial inclusion. Design/methodology/approach This paper relies mainly on primary and secondary data drawn from the public domain. It also relies on documentary research. Findings This paper critically analysed the anti-money laundering measures of the UK and Nigeria to determine that the anti-money laundering measures of Nigeria does not strike a fair balance between protecting the financial system against money laundering and promoting financial inclusion because it does not expressly provide for verification of a customer’s identity at the account opening stage for low risk accounts. The paper, however, determined that the anti-money laundering measures of the UK does strike a fair balance between protecting the financial system against money laundering and promoting financial inclusion because it requires customer identification and verification before the establishment of a business relationship for customers who want to open a basic bank account. Research limitations/implications This paper focuses on the anti-money laundering and financial inclusion measures in the UK’s Payment Accounts Regulations 2015 and the Central Bank of Nigeria’s (Anti-Money Laundering and Combating the Financing of Terrorism in Banks and Other Financial Institutions in Nigeria) Regulations, 2013. Originality/value This paper offers a critical analysis of the anti-money laundering and financial inclusion measures of the UK and Nigeria as provided in the UK’s Payment Accounts Regulations 2015 and the Central Bank of Nigeria’s (Anti-Money Laundering and Combating the Financing of Terrorism in Banks and Other Financial Institutions in Nigeria) Regulations, 2013. The paper will provide recommendations on how the measures could be strengthened. This is the only article to adopt this kind of approach.

Drivers of sustainability reporting quality: financial institution perspective

2019 ◽  
Vol 35 (4) ◽  
pp. 632-650
Author(s):  
Weng Foong Chang ◽  
Azlan Amran ◽  
Mohammad Iranmanesh ◽  
Behzad Foroughi
Keyword(s):  
Financial Institutions ◽  
Financial Institution ◽  
Reporting Quality ◽  
Sustainability Reporting ◽  
Developed Countries ◽  
Moderating Effect ◽  
Annual Reports ◽  
Content Type ◽  
Equator Principles

Purpose This study aims to explain how institutional, cultural and corporate factors affect the sustainability reporting quality (SRQ) of financial institutions and to test the moderating effect of equator principles (EP). Design/methodology/approach The annual reports of 100 financial institutions were examined for the year 2016 using content analysis. The multiple regression technique was used to test the proposed relationships. Findings The results show that the quality of sustainability reports is higher among financial institutions in developed countries. Furthermore, institutions that practice Islamic values and those that integrate corporate social responsibility values into their mission and vision have higher levels of SRQ. Privately owned institutions also have higher quality of sustainability reporting in comparison to government-owned ones. Adopting the EP has a greater effect on the SRQ of non-Islamic financial institutions in comparison to Islamic ones. Practical implications The results of the study will be useful in enabling managers of financial institutions to become knowledgeable about the factors that lead to higher SRQ. The findings also have implications for policymakers’ development of sustainability reporting regulations and for the development of effective enforcement of regulations. Originality/value These outcomes contribute to the literature on SRQ exploring the importance of institutional, cultural and corporate factors on the extent of SRQ and testing the moderating effect of EP.

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