EUROPEAN STRESS TESTS MAY STILL BE TOO SOFT ON BANKS

EUROPEAN STRESS TESTS MAY STILL BE TOO SOFT ON BANKS

Upcoming stress tests for Europe’s 124 largest banks will have more credibility than they had previously, but some analysts argue that banks may need far more capital than regulators demand to withstand a crisis. And any hoped-for international standardization in terms of stress testing is out the window as there is little comparability between the upcoming European and recently completed US bank tests.

Italy: Remodeling The Vatican Bank

MILESTONES By Luca Ventura The oldest multinational in the world is about to get a substantial makeover. The news came on February 24th, when its CEO, Jorge Mario Bergoglio, also known as pope Francis, issued a Motu Proprio, a papal ...

Beale Takes Helm At Lloyd’s

Beale Takes Helm At Lloyd’s

NEWSMAKERS By Gilly Wright One of the world’s oldest insurance markets, Lloyd’s of London, has appointed the first female CEO in its 325-year history. But as the London market confronts one of the most challenging periods in its development, new ...

Italy: Will Letta Get The Boot?

NEWSMAKERS By Valentina Pasquali Against all odds, a broad-based coalition of the center-left and the center-right remains at the helm of crisis-beleaguered Italy. The unlikely assortment of ministers from the Democratic Party (Partito Democratico-PD) and the People of Freedom (Popolo ...