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GPUs, Monte Carlo Simulation and Kooderive with Professor Mark Joshi - February 25-27th, London, UK - Further Information

July 2011

Polish EU Presidency - Warsaw decided not to take part in Eurogroup meetings

July 26, 2011 Comments (0)

Poland decided against participating in meetings of the eurozone’s finance ministers – even though it is not a member of the area – during its EU Presidency after the presence of a non-member had stirred controversy, according to a statement published in Warsaw, on 10 July. read more

11 July 2011 Statement by the Eurogroup

July 26, 2011 Comments (0)

"Ministers reaffirmed their absolute commitment to safeguard financial stability in the euro area. To this end, Ministers stand ready to adopt further measures that will improve the euro area's systemic capacity to resist contagion risk, including enhancing the flexibility and the scope of the EFSF, lengthening the maturities of the loans and lowering the interest rates, including through a collateral arrangement where appropriate. read more

German Firm Wants to Set Up New Rating Agency

July 26, 2011 Comments (0)

European politicians are blaming the escalation of the euro crisis on the major rating agencies, and are determined to break the monopoly of the "Big Three." Supporters of an intiative by a German consulting firm to set up a European rival agency believe that their time has come. read more

PAPANDREOU OPEN LETTER TO THE PRESIDENT OF THE EUROGROUP JEAN CLAUDE JUNCKER

July 26, 2011 Comments (0)

 PRIME MINISTER’S PRESS OFFICE Athens, 11th July 2011 LETTER BY PRIME MINISTER GEORGE A. PAPANDREOU TO THE PRESIDENT OF THE EUROGROUP AND PRIME MINISTER OF LUXEMBOURG JEAN CLAUDE JUNCKER Dear Jean Claude, read more

Viviane Reding (EU Commission) criticizes role of US credit rating agencies in debt crisis

July 26, 2011 Comments (0)

Political leaders in Europe have expressed growing criticism of the power exercised by the three major credit rating agencies. EU Justice Commissioner Viviane Reding said breaking up the big three was one option. European Union Justice Commissioner Viviane Reding has joined growing opposition to the power wielded by the three dominant, US-based credit rating agencies in the on-going eurozone debt crisis that has brought Greece, Ireland and Portugal to the brink of economic collapse. read more

Clock countdown to the government shutdown

July 26, 2011 Comments (0)

Sunday night's budget talks lasted 75 minutes. The US budget deficit negotiators have until 2nd August to agree on an increased debt ceiling. Otherwise a government shutdown will take effect. read more

Friday this week is EBA day - publication of highly detailed information about bank holdings

July 26, 2011 Comments (0)

German banks have launched a stinging attack on the imminent publication of highly detailed information about their holdings, claiming these could worsen the sovereign debt crisis and encourage “targeted speculation” against individual financial institutions. The European Banking Association plans on Friday to release detailed debt holdings data for 91 of the European Union’s largest banks including 13 from Germany as part of its much anticipated stress tests. read more

Chart Anorak Corner on asymptotix

July 26, 2011 Comments (0)

Chart Anorak Corner on asymptotix

Eurozone finance ministers meet amid contagion fears

July 26, 2011 Comments (0)

European finance ministers meet today to discuss solutions to Greece’s debt crisis as markets ratchet up the pressure on the eurozone’s other indebted nations, Italy and Spain. The group of 17 eurozone finance ministers will continue negotiating how public and private sector investors could ease Greece’s debt woes without prompting rating agencies to label the changes a default. read more

Bank of America Corp Chief Risk Officer Bruce Thompson received $11.4 million in compensation in 2010

July 26, 2011 Comments (0)

Bank of America Corp. (BAC) Chief Risk Officer Bruce Thompson received $11.4 million in compensation in 2010, the most awarded to an executive at the bank and this year he was promoted to chief financial officer. His stature isn’t an anomaly read more