IOSR-JBM   Volume-5 ~ Issue-4 ~ Nov-Dec-2012

Paper Type	:	Research Paper
Title	:	The Hallmark Corruption: Supervisory Lapses of the Banking System in Bangladesh
Country	:	Australia
Authors	:	Munshi Samaduzzaman, Fazluz Zaman
	:	10.9790/487X-0540104

Abstract:The implications of the efficient bank supervisory and strong regulatory implementation strategies in Bangladesh Bank will be needed in order to overcome the continued crisis in the banking system. This should be a wakeup call to everyone in the banking industry in the country to further develop and strengthen the strict monitoring of the banking mechanism strategies. At the same time, in order to investigate the numerous misalignments in the supervision of both banking institutions and Central Bank of Bangladesh as well as to integrate the appropriate linkages between proper implementation of the bank regulatory and supervisory structures. The result of this study suggests that there is a strong need for focusing on the dual banking system, as well as a need to increase the efficiency in the technical areas, as well as a tooth for a tooth law in order for the Central Bank of Bangladesh to beat numerous fraud activities in the banking sector. Proper growth and profitability and transparency in the entire banking sector will be achieved through a strict implementation of banking policies and regulations with a strong emphasis on the firm litigation to reduce the unlawful acts of those individuals.

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system.' Asian Journal of Finance & Accounting. Vol. 4, No, pp. 1- 29. 1. doi:10.5296/ajfa.v4i1.150, [Online] Available at:
http://www.macrothink.org/journal/index.php/ajfa/article/download/1507/1437 [Retrieved 29 October 2012]
[2] Ahad, A. (2012). 'How to Rob a Government Controlled Bank– A Hall Mark Group Story.' Bangla News. [Online] Available at:
http://www.banglanews.com/2012/10/13/how-to-rob-a-a-government-controlled-bank-a-hallmark-group-story/. [Retrieved 31
October 2012]
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at:http://www.bangladesh-bank.org/fnansys/regulator.php[Retrieved 30 October 2012]
[4] Manik, J. A. (2012) Adviser's shadow in Hallmark scam. The Daily Star. Online] Available at:
http://www.thedailystar.net/newDesign/news-details.php? nid=247643[Retrieved 29 October 2012]
[5] Ghosh, S. & Bagheri, M. (2006).'The Ketan Parekh fraud and supervisory lapses of the Reserve Bank of India (RBI): a case stu dy',
Journal of Financial Crime, Vol. 13 Iss: 1, pp.107 – 124. DOI: 10.1108/13590790610641279. Emerald Group Publishing Limited.
[Online] Available at: http://www.emeraldinsight.com/journals.htm?articleid=1534008[Retrieved 29 October 2012]
[6] Ghosh, S. (2006). 'The Ketan Parekh fraud and supervisory lapses of the Reserve Bank of India (RBI): a case study.' Vol. 13, No.1.
Journal of Financial Crime. [Online] Available at: http://international.vlex.com/vid/ketan-parekh-supervisory-lapses-reserve-rbi-
354513422. [Retrieved 30 October 2012]
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Bangladesh.' Book Review African Journal of Business Management Vol. 4, No. Centre for Social Studies, University of Science
and Technology. Online] Available at: http://www.academicjournals.org/ajbm/pdf/pdf2010/Apr/Book%20review%202.pdf
[Retrieved 30 October 2012]

Paper Type	:	Research Paper
Title	:	Capital Market and the Development of the Small and Medium – Scale Enterprises in Nigeria.
Country	:	Nigeria
Authors	:	Modinat O. Olusoji, Edwin E. Enofe
	:	10.9790/487X-0540512

Abstract:This paper looked at the need to incorporate the Small and Medium Scale enterprises (SMEs) into the capital market in Nigeria as a means of raising capital for their operations. The findings of the paper found that the growth in the transactions of the quoted companies has been fluctuating over the years. The paper concludes that relaxation of conditions for listing of the SMEs in the stock exchange market and provision of enabling environment for SMEs to thrive in Nigeria will enhance the growth in the transactions of the capital market.
Key Words:Capital Market, Development, SMEs, Nigeria

[1] T. Lemo,"The Role of Financial Institutions in the Growth and Development of the Real Sector"; Being A Paper Presented at the 9th
Senior Treasurers‟ Retreat, Organised by Money Market Association of Nigeria. October 11-13,2002
[2] A.Toktarova, "No 2 Capital Market Opportunities for Financing Small and Medium Size Business"; Project Management Agency
(PROMA) Website (2004)
[3] J.C. Anyanwu, O. Oyefusi, A. Oaikhenam and F.A. Dimowo, "The Nigerian Capital Market"; in the Structure of the Nigerian
Economy 1960-1997 (Joanee Educational Publishers Ltd, Onitsha, Nigeria, 1997), Chapter 13, pp 212-228.
[4] Ayodele, S.A.; and G.O. Falokun,"Nigeria‟s Financial and Monetary Systems: The Capital Market" in the Nigerian Economy-
Structure and Pattern of Development(Jodad Publishers, Ibadan, 2003), 26-153
[5] UNITAR, Lecture Materials on "Capital Market Development and Regulation"; An Online Course of UNITAR, February - May
United States. Institute for Development Strategies, Bloomington.2004
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Sector in the Context of Capital Markets in Africa in Promoting Growth in African Capital Market, UNITAR Document, No. 18.
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Paper Type	:	Research Paper
Title	:	A Study of Human Resources Management Practices and Labour Turnover in the Manufacturing Organisations in Lagos, Nigeria
Country	:	Nigeria
Authors	:	Oginni Babalola Oluwayemi, Afolabi Gbadegeshin Victor
	:	10.9790/487X-0541319

Abstract:The research focus was on the human resources management practices and its impact on labour turnover with reference to manufacturing organisations in Lagos State, Nigeria. The paper identified HRM practices in the two dimensions of economic cycles which were boom and recession periods. It investigated and assessed which of the HRM practices affect labour turnover under different economic cycles. The population of study consists of 156 organisations obtained through a preliminary survey of manufacturing organisations in the three senatorial districts of Lagos state namely Lagos West, Lagos Central and Lagos East which was based on the number of years of existence and a sample of 99 organisations representing 63% (33 from each of the senatorial district) was randomly selected from purposively chosen manufacturing organisation in Lagos which covers Agro industry, Confectionery, Brewery and Beverage businesses. The questionnaire was developed by using a five point Likert scale which was administered to a total number of 36 respondents who were General Managers/Administrative Executive, Human Resources Directors/Human Resources Managers or Managing Directors from each senatorial district totalling to 108 respondents. Descriptive statistics and simple percentage were used to analyse and interpret the data collected. The study reveals that HRM practices such as wages and salary, training and development, recruitment and placement as well as employee relations, performance appraisal, career development and lay off procedures were found in the boom and recession economic periods. The focus of the practices was on satisfaction of employees in order to prevent high labour turn over in the boom period while the focus of the practices in the recession period was mainly on organisational survival by way of cutting cost most especially in the area of human resource. It was recommended that the management of the organisations in the manufacturing sectors should understand the prevailing economic cycle so as to know the focus of their HRM practice, the department of human resources should be headed by an expert in the art of human resources management so as to provide dynamism in the wake of stiff hostility and favourable conditions in the business environment.
Key Words: Human resources management practice, Labour turnover, Manufacturing, senatorial district, and economic cycles.

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