Monday, September 7, 2009 - Friday, September 11, 2009
20th Warsaw Actuarial Summer School
Warsaw, Poland
From September 7-11, 2009 the 20th Warsaw Actuarial Summer School took place in Warsaw, Poland. The WASS is a joint venture of the Faculty of Economic Sciences, University of Warsaw and the Polish Society of Actuaries. This year’s WASS was the 20th edition of the Summer School, which since 2003 has focused on continuing education of actuaries who have already completed basic academic training in actuarial science. The program included two lectures: Dependence Modelling with Actuarial Applications and Understanding Accounting Standards and Regulatory Requirements for Insurance Companies - Actuaries on the Pole Position. The PFS Program financed the tuition of two actuaries from the Insurance Agency of Republika Srpska, Bosnia and Herzegovina.
Saturday, May 2, 2009 - Saturday, June 20, 2009
NAIC Spring 2009 International Internship Program
United States
An aspirant of the Insurance Agency of Republika Srpska, Bosnia and Herzegovina, participated in the Spring 2009 International Internship Program organized by the National Association of Insurance Commissioners (NAIC) from May 2 through June 20, 2009.
During a week-long orientation program at the NAIC headquarters in Kansas City, Missouri nine interns from five emerging markets were introduced to insurance regulation in the United States. Thereafter, the aspirant from the Insurance Agency of Republika Srpska, Bosnia and Herzegovina undertook a five-week internship with the Alabama Department of Insurance. During the on-site component of the internship program, the intern worked closely with a mentor and interacted with staff members of various departments of the host-state insurance regulator. Following the on-site component of the program, all of the interns attended the NAIC Summer National Meeting in Minneapolis, Minnesota from June 13-16, 2009. At the end of the program, the interns participated in industry-regulator dialogue meetings and closing ceremonies in Washington, DC organized by the NAIC’s internship coordinator.
Detailed information about the NAIC International Internship Program may be found on the International Relations page of the NAIC website.
The PFS Program emphasizes peer-assisted learning as an effective professional development mechanism. This internship program provided an excellent opportunity for the aspirant of the Insurance Agency of Republika Srpska, Bosnia and Herzegovina to expand her knowledge base and improve her professional qualifications. Each of the participating institutions contributed towards the cost of this program.
Thursday, October 16, 2008 - Saturday, October 18, 2008
11th International Symposium of the Association of Accountants and Auditors of the Federation of Bosnia and Herzegovina
Neum, Bosnia and Herzegovina
The 11th International Symposium of the Association of Accountants and Auditors of the Federation of Bosnia and Herzegovina took place in Neum, BiH on October 16-18, 2008. The Symposium was entitled, "Economic Reforms in Bosnia and Herzegovina and European Integration: Implication of the Stabilization and Association Agreement between EU and BiH."
On the first day of the Symposium, the Governor of the Central Bank of Bosnia and Herzegovina opened the plenary session with a presentation entitled, “Monetary Stability as a Function of Financial Stability.” Thereafter, accounting academics and practitioners from the Federation of Bosnia and Herzegovina, Republika Srpska, Croatia, Serbia, Slovenia and the United States reported on a wide range of recent developments in accounting and audit. Geoffrey Mazullo, Director, PFS Program, delivered a case study entitled “The Role of the Accounting and Audit Professions in Corporate Governance.”
On the second day of the Symposium, participants chose from presentations organized in four major topics: audit, business, finance and the public sector. Participants received continuing education credit for attending the Symposium.
To download the case study in English and in translation, please click on the links below:
Thursday, September 11, 2008 - Friday, September 19, 2008
19th Warsaw Actuarial Summer School
Warsaw, Poland
From September 11- 19, 2008 the 19th Warsaw Actuarial Summer School (WASS) took place in Warsaw, Poland. WASS is a joint venture of the Faculty of Economic Sciences, University of Warsaw and the Polish Society of Actuaries. This year’s WASS was the 19th edition of the Summer School, which since 2003 has focused on continuing education of actuaries who have already completed basic academic training in actuarial science. The program included three lectures: the role of enterprise risk management (ERM), stochastic claims reserving and variable annuities.
The PFS Program financed the tuition of two actuaries from the Albanian Financial Supervisory Authority and an actuary from the Insurance Agency of Republika Sprska, Bosnia and Herzegovina.
Thursday, June 5, 2008
Investor Relations Seminar
Sarajevo, Bosnia and Herzegovina
On Thursday, June 5, 2008 the Banja Luka Stock Exchange, the Sarajevo Stock Exchange (SASE), the Securities Commission of the Federation of Bosnia and Herzegovina and the PFS Program organized an Investor Relations Seminar.
This regional seminar, held in Sarajevo, marked the PFS Program’s first activity in Bosnia and Herzegovina and its 107th regional event since the PFS Program was launched in late 1999.
During the seminar, representatives of BRE Bank SA, GES Investment Services, Limestone Investment Management, and XBRL Polska addressed an audience in Bosnia and Herzegovina for the first time. Each presentation contained a wealth of practical information as well as useful guidance regarding best practice and international standards in financial reporting, extra-financial reporting and investor relations.
The insights of the foreign practitioners were complemented by presentations of representatives of the Banja Luka Stock Exchange, the Sarajevo Stock Exchange (SASE), and the Securities Commission of the Federation of Bosnia and Herzegovina about the current situation in Bosnia and Herzegovina. The PFS Program presented data from its two semi-annual surveys: Investor Relations Online and Reporting on Corporate Social Responsibility (CSR) by the largest listed companies in 11 Central and Eastern European (CEE) countries; Brazil, Russia, India and China (BRIC); and Ukraine. It also presented several case studies regarding best practice in investor relations, from CEE listed companies as well as global companies recognized for their investor relations programs.
A total of 45 persons (speakers, participants and organizers) participated in the seminar. The participant breakdown was as follows: Bosnia and Herzegovina – 38 participants representing listed companies on Banja Luka Stock Exchange, listed companies on the Sarajevo Stock Exchange, the Banja Luka Stock Exchange, the Sarajevo Stock Exchange, the Securities Commission of the Federation of Bosnia and Herzegovina and USAID Bosnia and Herzegovina; and Poland – one participant representing an investment research company.
The PFS Program greatly appreciates the contribution of speakers from Bosnia and Herzegovina, Estonia, Poland, Sweden and the US to this seminar, part of an ongoing PFS Program regional initiative in the area of investor relations. The current mandate of the PFS Program is to engage financial sector institutions in South East European (SEE) target countries in programs that help promote the identification of best practice and the adoption of international standards. Within this mandate, one important element of each PFS Program activity is the exchange of experience of the new member states of the European Union (EU) with EU accession countries in SEE.
This seminar is part of an ongoing and multi-faceted PFS Program regional initiative dedicated towards improving the quality of financial and extra-financial reporting across CEE as well as SEE.
This was the 14th investor relations seminar organized by the PFS Program since 2001, attracting a total of 721 participants. (Materials from each of the seminars may be found on the capital markets seminars page of the PFS Program website.)
To download the seminar agenda, presentations, speaker biographies and list of participants, please click on the links below. The PFS Program would like to thank the Banja Luka Stock Exchange for translating the presentations of the Estonian, Swedish and Polish experts into local language.
 | Agenda - Investor Relations Seminar - June 5, 2008.pdf - 116 KB |
| Opening Presentation - PFS Program - June 5, 2008.pdf - 675 KB |
| Presentation - PFS Program - IR - IR Seminar - June 5, 2008.pdf - 993 KB |
| Brief Bio - Geoffrey Mazullo - June 2008.pdf - 16 KB |
| Presentation - Limestone Investment Management - IR Seminar - June 5, 2008.pdf - 472 KB |
| Presentation - Limestone Investment Management - IR Seminar - June 5, 2008 - BiH.pdf - 598 KB |
| Brief Bio - Veronika Juchnewitsch - June 2008.pdf - 10 KB |
| Presentation - GES Investment Services - IR Seminar - June 5, 2008.pdf - 888 KB |
| Presentation - GES Investment Services - IR Seminar - June 5, 2008 - BiH.pdf - 1,102 KB |
| Brief Bio - Magnus Furugard - June 2008.pdf - 10 KB |
| Presentation - PFS Program - IR in CEE - IR Seminar - June 5, 2008.pdf - 2,993 KB |
| Presentation - BRE Bank - IR Seminar - June 5, 2008.pdf - 1,518 KB |
| Presentation - BRE Bank - IR Seminar - June 5, 2008 - BiH.pdf - 276 KB |
| Brief Bio - Agnieszka Solarz-Jedrych - June 2008.pdf - 114 KB |
| Presentation - XBRL Polska - IR Seminar - June 5, 2008.pdf - 951 KB |
| Presentation - XBRL Polska - IR Seminar - June 5, 2008 - BiH.pdf - 1,019 KB |
| Brief Bio - Mateusz Hojda - June 2008.pdf - 62 KB |
| List of Participants - Investor Relations Seminar - June 5 2008.pdf - 115 KB |
Thursday, May 18, 2006 - Friday, May 19, 2006
First International Conference of the Banja Luka Stock Exchange: Corporate Governance and Capital Market Development – Five Years of the Banja Luka Stock Exchange
Banja Vrucica, Bosnia and Herzegovina
On Thursday, May 18 and Friday, May 19, 2006 the Banja Luka Stock Exchange organized its First International Conference: Corporate Governance and Capital Market Development – Five Years of the Banja Luka Stock Exchange.
More than 320 participants representing numerous institutions from across Bosnia and Herzegovina, South East Europe (SEE) as well as Central and Eastern Europe participated in the conference. The two-day conference covered a wide range of practical issues related primarily to the Banja Luka Stock Exchange Bosnia and Herzegovina; however, many speakers reported on developments in neighboring SEE countries as well. Presentations included the following: the current status of corporate governance in Bosnia and Herzegovina as well as across SEE – from a variety of perspectives; the legal framework for the capital markets and steps towards harmonization with European Union (EU) legislation; future developments in institutional investment; the current status, trends and future prospects on SEE stock exchanges; and a number of presentations of companies listed on the Banja Luka Stock Exchange. Geoffrey Mazullo, Director, PFS Program, presented data from the PFS Program regional surveys: Investor Relations Online and Survey of Reporting on Corporate Social Responsibility (CSR) by the Largest Listed Companies in Central and Eastern Europe.
Please click on the following hyperlink to visit the conference website, where you will find (in English and in Serbian): the conference agenda; presentations; biographies of the speakers; a list of participants, commentaries from participants and speakers; and a description of the conclusions drawn from the respective sessions: http://www.blse.ba/
Tuesday, May 28, 2002
Forum on Corporate Governance
Sarajevo, Bosnia and Herzegovina
On Tuesday, May 28, 2002 the first working session of the Forum on Corporate Governance was held in Sarajevo, Bosnia and Herzegovina. The working session was dedicated to the topic: “The Law on Business Companies of the Federation of Bosnia and Herzegovina - Three Years Later: What, Why and How to Change?” Participants represented academic institutions; business associations; State Ministries; entity-level Ministries and other government agencies; private sector firms; the Securities Commission of the Federation of Bosnia and Herzegovina; and the Securities Commission of Republika Srpska.
The Comparative Analysis of Corporate Governance and Shareholders’ Rights in Central and Eastern Europe (CEE) drafted by the PFS Program - translated into Bosnian - was one of the materials presented for discussion. Geoffrey Mazullo, Director, PFS Program, gave a presentation about the analysis and other corporate governance issues in CEE countries, the European Union and the US.
To download the presentation in English and in Bosnian, please click on the respective link below:
The entire set of documents from the working session may be found on the website of the Forum on Corporate Governance.
Friday, July 13, 2001
Technical Assistance: Implementing Legislation for a Registered Pledge - Secured Transaction System
Sarajevo, Bosnia and Herzegovina
On Friday, July 13, 2001 in response to a request for technical assistance from the Ministry of Justice of the Federation of Bosnia and Herzegovina, the PFS Program organized a visit of three Polish judges to Sarajevo. Given that the Law on Registered Pledges and the Pledge Registry was under parliamentary consideration in the Federation of Bosnia and Herzegovina, the Ministry of Justice requested that the PFS Program provide expertise from Central and Eastern European countries regarding the implementing legislation necessary once the Law was passed. The Polish judges met officials of the Ministry of Justice and offered recommendations regarding implementing legislation. In their assessment report, the Polish judges noted that three pieces of Polish implementing legislation would provide an initial intellectual framework for the Ministry of Justice to begin drafting implementing legislation for Bosnia and Herzegovina. The PFS Program financed the translation of this legislation into Bosnian.
To download the assessment report (in English) and translations of Polish implementing legislation into Bosnian, please click on the respective link below:
Two of the judges, Judge Jacek Czaja and Judge Jacek Widlo, had visited Sarajevo in February 1999 (under the auspices of the then USAID Legal and Regulatory Reform Project) to assist the Ministry of Justice of the Federation of Bosnia and Herzegovina in drafting the Law on Registered Pledges and the Pledge Registry. As part of the technical assistance provided, Judge Czaja’s Commentary on the Polish Law on Registered Pledges and the Pledge Registry was translated into Bosnian.
To download the translation of Judge Jacek Czaja’s Commentary into Bosnian, please click on the link below:
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