With regard to banking, he noted that ISAR apos s discussions had been enriched by a special banking forum of high level bank managers, bank directors, bank regulators and bank auditors.

(a) Bank accounts administered

As the Central Bank of the country, the Bank of Zambia administered the Bank of Zambia and Foreign Exchange Acts and assisted the Government in regulating and supervising the operations of the Commercial Banks under the Banking Act.

There is no central bank in Bermuda instead, the Bermuda Monetary Authority (BMA) is the regulatory authority for banks and trust companies.

IADB also encouraged co management or self management of projects.

The essential functions of the Banking and Payments Authority have been taken over by Timorese staff.

The Board previously reported on deficiencies in bank and cash management.

In the area of bank and cash management, which is the other matter of emphasis by the Board (para.

Senior officials responsible for banking supervision or financial stability issues in central banks and authorities with formal responsibility for the prudential supervision of banking business where this is not the central bank.

Forty five central banks, several of which are independent institutions, are members of BIS, which is the locus of decision making in the international coordination of financial regulation.

The list of the designated commercial banks shall be determined and publicly announced by the securities regulatory agency under the State Council jointly with the banking supervision and management organs of the State Council.

The Central Bank, The Bermuda Monetary Authority, was established by the Bermuda Monetary Act 1969.

Opening and administering bank accounts for natural and legal persons.

Rural Development (Laos) total village development managing and monitoring weaving materials bank and cattle bank.

The securities regulatory agency under the State Council can suggest the banking regulatory agencies of the State Council to give penalties to the person in charge and any other person directly responsible according to laws.

The legislative infrastructure has been strengthened by provisions for the regulation of the industry through the supervision of company and trust managers and the control of banking activities.

The senior management of the Asian Development Bank has approved a UNDCP proposal to set up a focal point on drug control within the Bank.

It was emphasized that the contracts with the custodians made both the custodian and sub custodian banks liable for this type of loss.

These auditors have the necessary powers, and their nomination, which is submitted by the bank in question, is approved by the Currency and Credit Council (the Currency and Credit Council is the body that regulates the activities of monetary and credit institutions, defines and implements monetary policy, monitors the banking system, regulates deposit and compensation operations, oversees the banking profession and advises the Government on financial matters).

The Board recommends that the Administration ensure proper bank and cash management practices in line with applicable directives.

Such as the October 2004 standard of the Basel Committee on Banking Supervision on consolidated know your customer risk management (www.bis.org pub bcbs110.pdf).

All internal auditors must immediately inform the members of the board of directors and the senior management of the bank of any irregularity that they might observe.

As previously reported (S 2005 99, para.

After reviewing the claim filed by the Gulf Bank with the Commission, the Panel concluded that the Gulf Bank in Kuwait had been unable to conduct banking activities under its lawful management after 2 August 1990 and that the claimant's deposits were made at a time when the Gulf Bank was no longer operating under Kuwaiti authority but under Iraqi authority.

In what regards technical assistance provided by the Bank of Portugal on the prevention of money laundering and financing of terrorism, the Bank of Portugal provided in 2004 assistance through the organization of workshops and seminars in Lisbon, for technical staff of the Central Banks of Angola, Cape Verde, Mozambique, Sao Tome and Principe, for the members of the Banking and Payments Authority of East Timor and also for the national management of the BCEAO in Guinea Bissau.

Such food banks would be administered jointly by the public and private sectors.

The Act also included regulatory measures over banks and non bank financial institutions in compliance with relevant international instruments.

In Bolivia, it is reported that Banco Solidario, a private commercial microenterprise bank, is regulated by the Superintendency of Banks, with the same financial and reporting requirements as traditional banks, but with simpler loan documentation and risk classification rules.

Administrators and managers

Senior bank managers would be paid not in cash or equity, but in the bank s long term bonds, thereby giving them a larger financial stake in the bank s long term stability, instead of its long term stock price. If the bank failed, it would be unable to repay the bonds, and the managers owning bonds would be that much poorer.

Those meetings were attended by bank superintendents, central bank officials, representatives of the commercial banking system and academics from Latin America and other regions.

(Jordan) prevention of desertification soil improvement and crop cultivation at the pilot farm managing farming materials bank and cattle bank.

In paragraph 71 of the report of the Board of Auditors, it recommended that the Administration should ensure that proper bank and cash management processes are in place.

The African Development Bank is financing DMFAS.

He just took over the bank.

5 World Bank, Global Development Finance Mobilizing Finance and Managing Vulnerability.

7 World Bank, Global Development Finance Mobilizing Finance and Managing Vulnerability.

(cc) Bank account means, subject to law other than secured transactions law, an account maintained by a bank into which funds may be deposited.

With Bank support, both Kazakhstan and the Russian Federation are improving tax administration and budget management.

Where any designated commercial bank has any of the above acts and is under any serious circumstances, its businesses of trading, clearing and capital management shall be ordered to be suspended or terminated by banking regulatory agencies of the State Council.

Nonetheless, the Board is concerned that funds and transactions under the Programme s stewardship had gone unrecorded, and that bank accounts had been opened without the knowledge of the Administration.

He's already got charge of the bank.

Nevertheless, it was the cajas that concentrated the risk associated with the housing bubble, and whose governance presented the worst face of public ownership. The cajas had neither the corporate governance structures nor the management skills to withstand the crisis.

Article 2 of the Decree provides for the formation of a Council of Trustees for the Unit, chaired by an Assistant Minister of Justice chosen by the Minister, with membership composed of the Senior Deputy Governor of the Central Bank, the Chairman of the Capital Market Authority, a representative of the Egyptian Banking Federation nominated by the Federation and an expert in financial and banking affairs chosen by the Prime Minister.

Minority communities' employment is 4 per cent in the Banking and Payments Authority and 4.5 per cent in the Tax Administration (4 per cent Kosovo Serbs).