Since the Berlin Conference of the ILA in 2004, the Committee (generally known under its acronym MOCOMILA) has held three meetings: in London, UK (22-23 April 2005), Basel, Switzerland (14-15 October 2005) and Malta (3-4 February 2006). The subjects of the foregoing meetings and other topics discussed by the Committee are reflected in the following sections of this report.
I. International Financial Standards (by Dr K P Follak and Prof C Lichtenstein)
II. Legal and Regulatory Developments Relating to Clearing and Settlement (by Mr D Devos)
III. Terrorist Financing (by Mssrs T C Baxter, Jr and J H Freis, Jr)
IV. Regulatory Liability of Bank Failures (by Mr C Proctor)
V. European Economic and Monetary Union and Single Financial Area (by Messrs A Sáinz de Vicuña, R Smits, J-V Louis, and C Gortsos)
VI. Islamic Banking and Finance with example of Malaysia (by Mr Gopala Krishnan Sundaram)
Working Session, Wednesday 7 June 2006 (PDF, 611 kb)
This report reflects the views of the individual rapporteurs and not necessarily those of any institutions with which they are associated. The members wish to acknowledge the additional contributions of the Committee Secretary in editing and finalising the report.