Purpose – Significant risk factors inherent in construction cost flow forecast were identified in this study. The aim of this paper is to develop regression models to assess the impacts of the identified risks on the baseline forecast at the in‐progress stage of construction....

Purpose The purpose of this paper is to examine construction bonds, which is a risk management tool for ensuring that projects are delivered successfully, with emphasis on the influence of stakeholders, project characteristics and bonding decision factors. Design/methodology/approach Using case...

Purpose – Audit committees (ACs) have been perceived as an important means of corporate governance, safeguarding the interests of shareholders by monitoring internal control and risk management. This study aims to examine specific structural and operational characteristics of ACs for firms in...

Purpose – The purpose of this paper is to investigate the impact of currency risks on the financial performance of multilateral banks (MBs). Financial performance is measured here by after-tax accounting profitability or losses. Design/methodology/approach – Quantitative hypothesis regarding...

Professional development will become a crucial investment rather than an irritating cost in the 21st century. Financial services professionals often see continued professional development (CPD) as a chore which requires the routine collection of points or hours through attendance at conferences...

This paper is the second of two parts that set out to examine some of the current challenges in corporate governance and control. The first part looked at formal requirements and how they have been interpreted and implemented, deriving some pointers for the way forward. This part examines some...

If financial services institutions (FSIs) do not comply with a variety of new regulations they can face criminal charges. Despite budget pressures they must therefore continue to invest in technologies in support of their compliance mandate. This paper describes the major regulations applying to...

Parts of this paper are based on a presentation on the same subject given by Stephen Manning to the Basel II & Banking Regulation conference organised by the Global Association of Risk Professionals in April 2005. The paper reflects the experiences of the authors in developing and implementing...

Basel II and the EU CRD introduce, for the first time, specific Operational Risk requirements for credit institutions and investment firms. With less than 2 years available to prepare for the introduction of the simpler Operational Risk approaches, some firms would find it useful for the FSA to...