Factores determinantes do n��vel de divulga����o sobre instrumentos derivados de acordo com as recomenda����es do Basel Committee on Banking Supervision e da Organisation of Securities Commissions - evid��ncia emp��rica no sector banc��rio portugu��s

Este estudo analisa o n��vel de divulga����o sobre instrumentos derivados e seus factores determinantes nas entidades banc��rias portuguesas. Para o efeito, foi utilizado um ��ndice de divulga����o, baseado nas recomenda����es emitidas pelo Basel Committee on Banking Supervision e pela Organisation of Securities Commissions, e analisados os Relat��rios & Contas anuais, individuais, relativos a 2009. Conclui-se que o n��mero de empresas que apresenta informa����o sobre a utiliza����o de instrumentos derivados �� bastante elevado, mas o valor m��dio de divulga����o apresentado �� bastante reduzido. Identificam-se, como factores determinantes do n��vel de divulga����o, o tamanho da empresa, a qualidade do auditor externo e o facto de a empresa ter procedido a um aumento de capital durante o exerc��cio econ��mico em an��lise.

Grau de cumprimento com as recomenda����es do Basel Committee on Banking Supervision e da Organisation of Securities Commissions, sobre divulga����o de informa����o relacionada com instrumentos derivados - evid��ncia emp��rica no sector banc��rio portugu��s

This study analyzes the level of disclosure on derivatives, in accordance with the recommendations issued by the Basel Committee on Banking Supervision and the Organization of Securities Commission, by Portuguese banks. We have analyzed individual annual reports related to 2009, using a disclosure index based on those recommendations. We concluded that the number of companies that provides information about derivative instruments is quite high, but the average value of disclosure is very low. The information disclosed more frequently is that related to general aspects, followed by information related to accounting and valuation methods.

Estudo do grau de cumprimento com as recomenda����es do Basel Committee on Banking Supervision e da Organisation of Securities Commissions, sobre divulga����o de informa����o relacionada com instrumentos derivados, pelas entidades portuguesas pertencentes ao sector banc��rio

Este estudo analisa o n��vel de divulga����o sobre instrumentos derivados, de acordo com as recomenda����es emitidas pelo Basel Committee on Banking Supervision e pela Organisation of Securities Commissions, pelas entidades banc��rias portuguesas. Para o efeito, foi utilizado um ��ndice de divulga����o e analisados os Relat��rios & Contas anuais, individuais, relativos a 2009. Conclui-se que o n��mero de empresas que apresenta informa����o sobre a utiliza����o de instrumentos derivados �� bastante elevado, mas o valor m��dio de divulga����o apresentado �� bastante reduzido. A informa����o mais divulgada �� a relativa a informa����es gerais, seguida da informa����o relacionada com contabilidade e m��todos de avalia����o.

FATORES DETERMINANTES DA DIVULGA����O DE INFORMA����O SOBRE RISCO DE LIQUIDEZ: EVID��NCIA EMP��RICA NO SISTEMA FINANCEIRO PORTUGU��S

The objectives of this empirical study are, on the one hand, to evaluate the level of disclosure, about liquidity risk, practiced by fourteen banking institutions that operate in Portuguese financial system, and, on the other hand, to assess the determinants of that disclosure. To this end, we have used content analysis, as data collection technique, and have examined the information disclosed in the annual reports of the fourteen banks, for the period between 2007 and 2011. For this purpose we have constructed a disclosure index, based on the recommendations of the Basel Committee on Banking Supervision, and have defined a set of potentially explanatory variables related to the level of disclosure. The results demonstrated that size and financial year were the variables that showed up as statistically significant in explaining the level of disclosure.

Automation & control remote laboratory: evaluating a cooperative methodology

This paper presents a study carried out in order to evaluate the students' perception in the development and use of remote Control and Automation education kits developed by two Universities. Three projects, based on real world environments, were implemented, being local and remotely operated. Students implemented the kits using the theoretical and practical knowledge, being the teachers a catalyst in the learning process. When kits were operational, end-user students got acquainted to the kits in the course curricula units. It is the author's believe that successful results were achieved not only in the learning progress on the Automation and Control fields (hard skills) but also on the development of the students soft skills, leading to encouraging and rewarding goals, motivating their future decisions and promoting synergies in their work. The design of learning experimental kits by students, under teacher supervision, for future use in course curricula by enduser students is an advantageous and rewarding experience.

Money laundering and virtual money: the bitcoin example

Money laundering operations faced multiple changes and become more complex, in line with financial innovation. Often, regulation does not follow that innovation, giving opportunity to take advantage of thes e gaps in less lawful activities. The bitcoin is a virtual currency that has grown significantly, both in value and in volume of transactions, in recent years. The dimension of the phenomenon led to an increasing surveillance from the financial supervisors . We search for evidence of the relationship between money laundering and transactions carried out in bitcoins, the most popular virtual currency at the moment. We analyse the official publications relating the two themes, academic research and the notori ety within the international media. The attitudes toward the bitcoin are diverse, but all share concerns about its future impact. Some sparse evidence indicates that bitcoin may be an opportunity for money laundering, however more data is required.

FISCALIZA����O E DISCIPLINA SINDICAL

Em termos legais, compete �� Comiss��o de Fiscaliza����o e Disciplina do Sindicato Nacional do Ensino Superior �� Art. 15�� dos Estatutos internos: "e) pronunciar-se sobre a regularidade das delibera����es de quaisquer ��rg��os sindicais, designadamente as delibera����es das assembleias e quaisquer actos eleitorais, podendo determinar a anula����o de quaisquer delibera����es ou elei����es e, quando seja caso disso, a convoca����o de novas assembleias". �� In legal terms, for the Commission for Supervision and Discipline of the National Higher Education �� Art Union 15 of the Internal Statutes:. "E) to rule on the legality of the decisions of any trade union bodies, including the deliberations of the meetings and any elections and can determine invalidate any voting or elections and, where appropriate, to convene new meetings."