Archive for the ‘Europe’ Category

Slovaks risk EU safety net delay by failing to sign off

Slovakia rejected on Friday calls to sign Europe’s 750 billion euro stability programme, a necessary step for the financial safety net to go ahead, amid political wrangling.

June 21, 2010   Posted in: Europe, Finance  No Comments

Banks’ risk management failures blamed on weak layers of protection

Central Bank governor Patrick Honohan called for an inquiry into the causes of the banking crisis last December. At an Oireachtas committee yesterday he said there may not be a need for a full-blown, statutory commission of investigation, as a lot more is now known.

June 21, 2010   Posted in: Banking, Europe  No Comments

Tightening risk management

The ongoing debate in the US over new financial rules may not have direct impact on the local banking scene but it is still important to monitor the developments that may influence the thinking of policymakers and market behaviour.

May 2, 2010   Posted in: Americas, Banking, Europe, Finance, Market  No Comments

Operational Risk – Major Firms Commit to EU Central Counterparty for CDS

The International Swaps and Derivatives Association, Inc. yesterday announced that major industry participants have committed to the use of central counterparty clearing for CDS in the European Union.

February 20, 2009   Posted in: Europe, Finance  No Comments

Paris toughens regulation line with call for clearing system

The French government yesterday called on the European Central Bank to put in place a European clearing system for the vast credit derivatives market, in direct competition with a proposed US scheme.

January 31, 2009   Posted in: Europe  No Comments

Buyers to spread risk more widely in the future: AMRAE

The roles played by brokers and insurers will change over the next three to five years, partly as a result of the current global financial crisis, according to panelists in roundtable discussions at the Association pour le Management des Risques et des Assurances de l’Entreprise’s annual conference Friday.

January 31, 2009   Posted in: Europe, Insurance  No Comments