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Dear GlobalRisk Community
member,


 The alarming news came earlier this week when an auction of German government Bunds flopped. The Europe's banks now have a very little access to wholesale funding and banks refuse to lend to each other. Companies are withdrawing deposits from peripheral countries’ banks thus forcing these banks to sell more assets or reduce lending. This snow-ball effect creates a Credit Crunch 2.0 like situation.

Leaders of France and Germany discussed the idea of EU fiscal union but this was not enough to calm the markets.

  Some prominent economist, for example Jeffry Sacks are arguing that the emerging countries must save the eurozone by using the G20 and the IMF.

This week at our Community we launched two major projects. The first one is a new design of our site and the second is launching the Inner Circle Group where new members enjoy premium material and ever-green resources on Risk, Finance and related disciplines.

 Members of the Inner Circle Group stay always up-to-date and "noise-free". Currently in the group you can find, among other material, a 2 day course on Liquidity Risk and Basel III delivered recently to a major Training organization, a Scenarios and stress test workshop and also getting a full access to our ever-green Resource Directory of white papers and other research material. The current introductory prices are valid only till January 1st, 2012.
By the way if you got a frog for a picture, hurry up and replace it!

unanswered Questions   

 Emmanuel Duru is asking what the causal factors in distress banks

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

 BEST OF the week's content                                        

Peter Deans participated on our behalf at 8th annual RMIA conference and he provided some great reports. and observations.

1. RMIA ANNUAL CONFERENCE (MELBOURNE, AUSTRALIA) NOV 20-22 – DAY 2 CONFERENCE WRAP

 2. DAY 1 CONFERENCE WRAP: RMIA ANNUAL CONFERENCE (MELBOURNE, AUSTRALIA) NOV 20-22

3. What do Tiger Woods and Risk Management Have in Common ?

Your comments are highly welcome:

 

 

The LATEST DISCUSSIONS AND The BLOG POSTS


Below are just some of the newest posts shared by our new membes:

Insider Trading is legal for some people and

Over Regulation is going to be our downfall by Martin Davies

Gaps in GAAP - how asset valuation is deceiving  by Michael Thomsett

Paint Draw Pick... to Implement Risk Management Across Your Organisation by Bryan Whitefield

Responding to Risks When Working with Third-Party Vendors by Michele Westergaard

Rogue Traders TV Program (incl. Nick Leeson interview) by Peter Deans

The risk of trusting in financial statements by Michael Thomsett

coming soon:

- In our regular site: Interviews with industry leaders from major events
- In the Inner Circle Group: New templates and training material in the Inner Circle group

 
Colleague, does your company have a solid resource to contribute to our members? Please apply for our partner's exchange here: http://www.globalriskconsult.com/businesspartner.php
Have a great weekend and give us your feedback on what would you like to see on GlobalRisk Community.
Thank you for being here.

Boris Agranovich,

Founder @ GlobalRisk Community