Introduction Hong Kong is often recognized as an international city and one of the most significant financial centres globally. Yet this does not imply the city itself is culturally diverse. A close look at the demographics of Hong Kong reflect that its population is rather mono-cultural. According to the government’s 2016 Census, ethnic minorities constitute a mere 8% of the whole population, whilst 92% is Chinese. When this 8% is broken down, the majority are foreign domestic helpers of…
Overview Fraud has become common occurrence in business world. And organizations lose considerable chunk of their hard-earned revenue to fraud. Prevention and Detection are two methodologies to handle a white-collar crime like business fraud. Wisest approach towards any illegal and inappropriate activity is to prevent it from occurring in first place. Prevention is the most economical way of tackling fraud. Barriers to Fraud Prevention Fraud prevention is challenged by several barriers which…
KPMG is one among the Big Four. The latter designates the four largest financial audit groups worldwide that are Deloitte, Ernst & Young, PricewaterhouseCoopers and KPMG. In fact, the company's name stands for Klynveld Peat Marwick Goerdeler which is a merger between two auditor companies Klynveld Main Goerdeler and Peat Marwick. Actually KPMG is operating in 152 countries. Each national firm is an independent entity that is part of the universal KPMG network and so member of the KPMG…
Six Reasons Why You Should Invest in the BitBlissCoin ICO ICOs, or Initial Coin Offerings have become an integral part of the cryptocurrency industry. They are an innovative platform through which start ups raise capital. Since Ethereum’s successful crowd sale in 2013, ICOs are all the rage nowadays, eclipsing venture capital funding to become the most popular method of raising capital. According to a recently released Coindesk report, $327 million was raised through ICOs in 2017, compared to…
not a diversified work output. The aggressive hiring of minorities to match the bank’s customers perfectly reflects the Access-and-Legitimacy paradigm. This strategy was undoubtedly an important one for the bank as more African-American middle class families moved into the neighborhood. The bank needed to offer the “similar-to-me” environment in order to attract and retain customers. The disadvantage with this paradigm is that an employee’s true potential could easily be overlooked. Their…
An evaluation of pan European pricing strategy For Royal Talens By Sougata Bose 2015 MBA Management Project Report Management Project submitted in accordance with rules of TIAS School for Business & Society In partial fulfillment of the requirements for the degree of Master in Business Administration awarded by TIAS School for Business & Society STATEMENT OF AUTHENTICITY I have read the University Regulations relating to…
which leads to the exertion of upward pressure on the interest rates. Similarly, the shortage of liquidity can cause a depreciation of the domestic currency, ultimately leading to macroeconomic instability. TABLE 2 : CAPITAL FLIGHT ESTIMATES World Bank: A+B+F+H Erbe: A+B+F+H Morgan: A+B+E+F+H Duwendag: A+B+F+G+H +I+M Cline: (A+B+E+H)-(J+K+L) Notions A: Current Account Balance H: Changes in Debt B: Net Foreign Direct Investment I: IMF Credit C: Private Short Term Capital Outflows J: Travel…
Project Part 1 Task 1: Outline Security Policy First World Bank Savings and Loan; a financial institution that offers banking services (loans and deposits). The bank would like to provide online banking services to the customers, which includes online credit card use for loan applications. Recommendations are based on such factors as: ownership total cost, scalability, and reliability. Decisions and recommendations made need to be appropriate from the CIA triad perspective. My team’s…
When you accept professional advice on how to invest, save, and grow your hard-earned money, you have certain expectations from your financial advisor: expertise, professionalism, ethics, and independent, sound financial advice. If you're not working with a Fee-Only Financial Advisor, you may not be getting what you bargained for. Why? According to the Bureau of Labor Statistics, in 2008 there were over 208,000 financial advisors in the United States, with that number expected to rise to…
future? You already know that being a credit union member is different than being the customer of a bank. You also know that it’s not just about semantics, members of credit unions OWN those credit unions. And that’s a whole different story from banks, where customers not only don’t own it (just a few shareholders pocketing all the profits, but more on that in a moment), sometimes it even feels like the bank kind of owns YOU! Yet there’s more to it than ownership. Here’s why: Credit unions, by…