But they are far too small to fill the growing gap. Most companies are going to have to make a commitment to training their own talent. Virtually all business schools require students to take at least one business statistics class and many are adding more courses in analytics, but what better place to start training than within finance organizations? Numerically-literate employees are the best candidates for training. Barry Melancon , president of the American Institute of Certified Public Accountants, recently blogged that CPAs are perfectly suited to take a leadership role in deciphering and using Big Data to achieve strategic business goals. Given the large numeric datasets that financial professionals encounter every day, a mastery of analytics is a necessity, not an option.
Finance Committee vows action on stock market in emergency meeting
And, despite impressive annual growth rates of 15 per cent to 20 per cent, AlQemzi said there is no real tangible evidence that Islamic finance is a world force. Even in Muslim countries, conventional finance has a larger market share than Islamic finance. For example in Malaysia, Al Qemzi told delegates, Islamic lending accounts for just 26.6 per cent of overall lending. While in the UAE, Islamic finance accounts for only 12 per cent of the financial sector.
Noor Islamic Bank’s CEO calls for global body to regulate Islamic finance industry
Activity slumped in the 1990s and early 2000s, he remarked, but instead of changing the leaders, there were solutions and the stock market came out of the crisis. He minimized the importance of the stock market in Israels overall capital markets, There is plenty we can do even if we wont be an international financial center, which we should not strive to be. Focusing on the stock markets shortcomings instead of the robustness of the broader capital markets was like paying attention to a kettles whistle instead of the entire kettle. The bond market still managed to raise NIS 40b. in corporate bonds and NIS 80b. in government bonds, he said.