EU finance puts British banks at risk
The Bank of England has warned that the upcoming financial problems in Europe put British banks at high risk, according to the Financial Stability Report. …Read the Rest
IMF Sets Up External Review Panel to Assess Risk Management Framework
The managing director of the International Monetary Fund (IMF), Dominique Strauss-Kahn, has appointed a high-level external panel to undertake a review of the risk management …Read the Rest
Bank ties across EU carry risk concerns
Jean-Claude Trichet was not formally a signatory to the weekend bail-out of Ireland. But what the International Monetary Fund, the European Commission and Irish authorities …Read the Rest
Bank boards told set tone on risk “at the top”
Bank directors must set the “tone at the top” to promote a strong risk management culture, a global banking regulatory body said.
Finance Firms Need Better Risk-Management Data, Regulators Say
Financial institutions need to improve their information-technology systems to better manage risk, according to a group of financial regulators.
Why funding liquidity risk deserves a place at the risk table
Funding liquidity risk needs to be considered just as much as credit, market and operational risk. Firms have been managing liquidity risk for years, but …Read the Rest
Kenneth Clarke: economies still in grave danger of collapse
Mr Clarke’s stark warning that the country faces a “dramatic” 12 months raises the stakes ahead of the review. It also appears at odds with …Read the Rest
Double dip warning after growth slides: ‘Real risk’ that economy will weaken further
Fears of a double dip recession grew yesterday after respected economists said that growth had more than halved over the summer.
Shaky U.S. economy is top risk to Canada
The top risk to Canada’s economic recovery comes from weakness in its top trading partner and ally, the United States, Finance Minister Jim Flaherty said.
Fast-rising yuan a “risk to global economy”
The yuan on Friday climbed to the highest level since 1993 amid growing foreign demand for a faster currency appreciation.