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Editor's choice of the week
Dear member, These are fascinating times for the current eurozone crisis - some experts say that zero risk weights would have to be removed for euro nations in the Basel Accord.

The reall question is: are we better off with one set of banking regulations for all countries? Or would economies be better off if each nation decides its own standard for risk weighting of asset classes and capital requirements? Yesterday it was announced the new bail-out plan for Greece. It will add another €109 billion ($157 billion) in official help to the first bail-out, worth €110 billion, which is still being disbursed. Moreover, interest rates on new lending from the European Financial Stability Facility (EFSF), the euro area’s rescue fund, will be more relaxed (interest rate roughly 3.5%) while the maturity of the loans will be doubled from the current 7.5 years to 15 years. On top of this, private-sector holders of Greek government bonds will contribute a net €37 billion.

By the way if you got a frog for a picture, hurry up and replace it!

unanswered Questions
Oscar is asking an interesting question about Credit Risk. Can anyone help?
Lee Werrell is asking a question on Inter Dealer Risk Library.
Thomas Housel uploaded a very interesting research paper on Intellectual Capital for you to review and comment,
 Sunnete La Grange asked you about good ERM online resources 

Say hello and get connected see all our members's introductions here.

Best of the week's content
Edward C D Ingram published Is Government Debt needlessly expensive?
Michael C. Thomsett delivered a great number of blog posts which include:

Investing - can market risk be managed and eliminated?
The two part requirement for risk management   and many more.

Steven Minsky published a blog post: Presenting Cyber Risks to the Board
Michail Wein participated on our behalf in the ERM conference in NY last week and answered questions of our members.

McKinley Tucker Jr. published a  Forum on Child Identity Theft   

A Message from our partner - marcus evans

Enterprise Risk Management in Canada Conference

August 30-31, 2011

Toronto, Canada

http://www.marcusevansch.com/GRC_ERMCanada

Industry executives from leading organizations including BMO Financial Group, Standard & Poor’s, Pfizer Inc., Air Canada, Manulife Financial and Hydro One will share best practices, strategies and tools on empowering ERM efforts in order to inform the enterprise-wide decision-making process.

Attending this premiere conference will allow you to attain full buy-in from senior management and to sharpen your skills in reporting to the Board of Directors and audit committees. You will also be enabled to:
-Define and address enterprise risk management
-Analyze and assess ERM
-Report on ERM and keep stakeholders involved
-Set and maintaining expectations and standards for ERM

With a one-track focus, the Enterprise Risk Management Canada Conference is a highly intensive, content-driven event that includes case studies, presentations and panel discussions over two full days. This conference targets industry leaders in ERM, Risk Management, Internal Audit and Corporate Compliance roles in order to provide an intimate atmosphere for both the delegates and speakers.


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Boris Agranovich,

Founder @ GlobalRisk Community