Friday, June 8, 2012

The challenges of recovery management

In the context of economic crisis, late payments of companies have never been more important in Europe for four years in the UK for 10 years and Italy for 13 years. In Europe, these late payments weigh 90 billion Euros per year and account for 10.8 billion Euros of lost interest. Also records a steady increase in litigation causes the loss of nearly 24 billion Euros
this resurgence of unpaid is accompanied by increased provisions penalizing the financial results. For major European banks, have seen a sharp increase in 2009 the cost of risk compared to 2008.

To limit the increase in the cost of risk, banks must increase their efforts on managing risk cases and those in default. To do this, banks must act on the entire loan process:

Friday, May 18, 2012

US Money Reserve


Do anyone of you are interested in collecting precious coins? If your answer is yes, then I am having great news for you! I recently got an opportunity to view an excellent online site that is specially meant for the Numismatics called as US Money Reserve. It was established by the gold market experts who renowned the requirement to coalesce first rate client service, specialist market acquaintance as well as the form of reliable management that is entirely essential while buying valuable metals.

Friday, May 4, 2012

Dodd-Frank: many consequences extraterritorial

This is easily understood is stated clearly and concisely. This is not the case of Dodd-Frank Wall Street Reform and Consumer Protection Act, enacted by President Obama July 21, 2010.

Along more than 2300 pages, the text aims to be a major reform of U.S. financial markets right - just like those that followed the 1929 crisis - by addressing all the issues identified in the United States during the financial crisis:

Saturday, April 28, 2012

The NSFR, real questioning of the role of the bank?

In February 2011, Patrick Artus, chief economist at Natixis, took issue with the current definition of NSFR ("Net Stable Funding Ratio") by calling it "absurd ratio."

It is also far from being alone in the challenge. Indeed, while this ratio is designed to ensure stable liquidity of financial institutions, number of players in the banking question its "calibration" current, likely in the traditional role of processing devoted to banks.

Panorama of the Luxembourg banking


Since World War II, the Grand Duchy of Luxembourg has become one of the richest countries of the world in terms of per capita GDP, supported by a financial services sector booming, political stability and European integration .

The Luxembourg banking sector in figures

Luxembourg's financial sector, the largest contributor to the Luxembourg economy (one quarter of its GDP), plays a major role as an international financial center. Taking advantage of a favorable tax legislation, many banks and investment funds have moved into the capital.