A standard numbering system developed to identify bank accounts from around the world. It was originally developed by banks in Europe to simplify transactions involving bank accounts from other countries. |||The IBAN number consists of a two-letter country code followed by two check digits and up to thirty alphanumeric characters known as the basic bank account number (BBAN). It is up to the banking association of each country to determine what BBAN will be set as the standard for that country's bank accounts. Currently, the IBAN is primarily used only by banks in Europe, but the practice is becoming popular in other countries.
An organization comprised of scholars and specialists from various areas of financial concern. |||The IAFE allows professionals within various areas of finance to converge and share their knowledge with one another. It serves to improve one's skills within finance and provides rewards for individuals with innovative ideas.
A self-regulatory organization and trade association originally located in Zürich, Switzerland, that encourages systematic and compliant trading in the international securities market. It also promotes the development of the Euromarkets and is acknowledged as a designated investment exchange by the Financial Services Authority, which regulates the financial services industry in the U.K. |||ISMA helped to establish standardized trading procedures in the international bond market. It had 430 members in 49 different countries, representing all of the major securities firms active in the secondary international debt market. In July 2005, the ISMA and International Primary Market Association merged to become the International Capital Market Association.
A code that uniquely identifies a specific securities issue. The organization that allocates ISINs in any particular country is the country's respective National Numbering Agency (NNA). |||All internationally traded securities issuers are urged to use this numbering scheme, which is now the accepted standard by virtually all countries. The United States and Canada primarily use a similar scheme known as a CUSIP number.
A global cooperative of securities regulatory agencies that aims to establish and maintain worldwide standards for efficient, orderly and fair markets. The stated goals of the IOSCO are to:-Promote high standards of regulation for the sake of orderly and efficient markets-Share information with exchanges and assist assist them with technical and operational issues-Establish standards toward monitoring global investment transactions across borders and markets |||The IOSCO currently operates in more than 100 jurisdictions, covering more than 90% of the world's markets, and is considered to be the source for global standards of market operation. In 1998, it approved the IOSCO Principles, which set the benchmark for securities markets worldwide. The IOSCO has since released a methodology for how to achieve those benchmarks. The IOSCO's work has been praised at the highest levels of government, especially in the aftermath of 9/11, as transactions between different countries became something that required increased scrutiny and regulatory control.
A United Nations agency that strives to serve as a uniting force between governments, businesses and workers to “promote decent work throughout the world.” The organization was founded on the belief that peace in the workplace is essential to prosperity; it emphasizes the need for workers to enjoy “conditions of freedom, equity, security and human dignity” through their employment. For nearly 100 years, the ILO has promoted international labor standards through its field offices in Africa, Latin America and the Caribbean, the Arab States, Asia and the Pacific, and Europe and Central Asia. The organization provides training on fair employment standards, provides technical cooperation for projects in partner countries, analyzes labor statistics and publishes related research, and regularly holds events and conferences to examine critical social and labor issues. The ILO was awarded the Nobel Peace Prize in 1969. |||The ILO has 18 themes that drive its work:• Child labor• Decent work• Economic and social development• Employment promotion• Employment security• Equality and discrimination• Forced labor• Freedom of association and the right of collective bargaining• HIV/AIDS• Individual sectors and industries• Labor law• Labor migration• Safety and health at work• Skills, knowledge and employability• Social security• Workers and employers organizations, tripartism and social dialog• Working conditions• Youth employment
A set of international accounting standards stating how particular types of transactions and other events should be reported in financial statements. IFRS are issued by the International Accounting Standards Board. IFRS are sometimes confused with International Accounting Standards (IAS), which are the older standards that IFRS replaced. (IAS were issued from 1973 to 2000.) |||The goal with IFRS is to make international comparisons as easy as possible. This is difficult because, to a large extent, each country has its own set of rules. For example, U.S. GAAP are different from Canadian GAAP. Synchronizing accounting standards across the globe is an ongoing process in the international accounting community.
A piece of legislation designed to provide for the review of significant investments made in Canada by non-Canadians in order to ensure they benefit Canada. The Investment Canada Act provides regulations pertaining to non-Canadians who acquire control of existing Canadian businesses, or who establish new Canadian businesses. Such individuals or entities must submit a notification or an application for review under the Investment Canada Act. |||A Canadian federal law, the Investment Canada Act governs foreign direct investment within Canada. The act authorizes the Canadian government to prohibit any foreign investments over $299 million (or others of "significant" size, as established by the government) if it is determined that they do not or will not provide a net benefit to Canada. The act went into effect on June 20, 1985, as one of Brian Mulroney's first acts as part of the Progressive Conservative government.