Financial Regulator Told Names Of Maple Ten, Court Hears

Former Anglo Irish Bank executives Pat Whelan, Willie McAteer and Sean FitzPatrick deny unlawfully providing finance to 16 individuals to invest in Anglo in July 2008. The jury has been hearing what Pat Whelan told Gardai about his role in the Maple transaction - the scheme to dilute Cavan businessman Sean Quinn's 29 % secret stake in Anglo over concerns it was destabilising the share price. According to Anglo's former head of lending in Ireland, it was their Chief Executive David Drumm who more or less orchestrated the plan which involved lending millions to ten of the bank's customers to buy Anglo shares. He said Anglo was comfortable the deal was in the ordinary course of lending. Pat Whelan told investigators the Financial Regulator's office was on every day looking for updates and that he overheard Mr Drumm informing the then regulator Pat Neary by phone of some of the names of the Maple Ten investors. He said it was like the two men had a hotline to each other.







Islamic finance talent gap to reach 8,000 plus





Many companies are currently looking to fill positions across all levels, from relationship management, project management to risk management and marketing. Tahseen Consulting, a specialised advisor on strategic and organisational issues in the Arab world, recently projected that some $87 to $124 billion could potentially enter the Islamic banking system in the UAE next year, creating approximately 7,800 new positions. Its quite a positive industry right now. The growth is showing a lot of positive movements, so hence there is a good potential or possibility of the number even going higher, Geetu Ahuja, head of GCC at the Chartered Institute of Management Accountants (Cima), a provider of Islamic finance education, told Gulf News in an interview. The close to 8,000 projected manpower is only needed around Islamic finance banks, but if were looking at other institutions, there are a few more hundreds there itself which will be in demand by next year. The Gulf Cooperation Council (GCC) region is set to lead the expansion of the global Islamic finance industry, which is projected to post a double-digit growth by 2016. Estimates show that across the world, Islamic finance will need about 50,000 additional personnel by next year.





ABC News President Ben Sherwood Replacing Anne Sweeney As Head Of Disney-ABC TV





Iger, Chairman and CEO of The Walt Disney Company, said, Ben is one of those unique executives who combine rich creative experience with great business acumen. Hes also focused, strategic, and competitive, as evidenced by the success of GMA, the Yahoo deal that delivered ABC News online dominance, and his vision behind our new cable and digital joint venture, Fusion. These reasons, and many others, make Ben the ideal candidate to oversee the future of the Disney/ABC Television Group. Ms. Sweeney added, It was Bens intense passion and incredible insight that made us confident hed do great things as President of ABC News. Over the years, he has moved from success-to-success, and helped create a more vibrant, collaborative and powerful News division that embraces innovation and risk-taking.