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Review of the Investigation Following the Death of Mr Paul Mills on November 10, 1996
Presents findings and conclusions of an external review team commissioned by the Queen Elizabeth II Health Science Centre in Halifax, Nova Scotia, in response to events surrounding and following the death of Paul Mills on November 10, 1996. Mr. Mills had been transferred to the Centre from New Brunswick, where he had undergone unsuccessful operations to treat cancer of the esophagus, and it was eventually decided to discontinue active life support. In addition to the pain killing and sedative drugs, it was alleged that he was also given a medication considered to be outside ethical and acceptable medical practice. This was reported and in response, certain internal procedures were followed w...
Islamic Bond Issuance
Recent years have witnessed a surge in the issuance of Islamic capital market securities (sukuk) by corporates and public sector entities amid growing demand for alternative investments. As the sukuk market continues to develop, new challenges and opportunities for sovereign debt managers and capital market development arise. This paper reviews the key developments in the sukuk market and informs the debate about challenges and opportunities going forward.
The Limits of Market-Based Risk Transfer and Implications for Managing Systemic Risks
The paper discusses the limits to market-based risk transfer in the financial system and the implications for the management of systemic long-term financial risks. Financial instruments or markets to transfer and better manage these risks across institutions and sectors are, as yet, either nascent or nonexistent. As such, the paper investigates why these markets remain "incomplete." It also explores a range of options by which policymakers may encourage the development of these markets as part of governments' role as a risk manager.
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