Risk management is the identification, evaluation, and prioritization of risks (defined in ISO 31000 as the effect of uncertainty on objectives) followed by coordinated and economical application of resources to minimize, monitor, and control the probability or impact of unfortunate events or to maximize the realization of opportunities.
In Reuters market news, the Federal Reserve is in the spotlight. According to Reuters, the Federal Reserve may scrap international measures aimed at assessing bank health – in favor of imposing its own rules. As a consequence, the transition is frustrating bankers who have spent billions retooling their books to meet global standards. Moreover, Fed officials…
GM has been under heavy pressure for some time now. Their problems began small, with just 500 of their latest full-size pickups being recalled because of a minor problem with airbags. But GM’s woes escalated after admitting that it waited a decade to act on an ignition-switch problem linked to at least 13 deaths, in addition to…
Jens Weidmann steadfastly opposed any move by the European Central Bank to print money to buy assets and buoy the euro zone economy. This Bundesbank chief and head of the German central bank is well known for his hardline stances at the ECB, and in his latest endeavors, he is ready to support such quantitative easing…
Reuters reports that European Union banks have shrunk their loan books by over $5.5 trillion since the global crisis of 2007-08. This, in an attempt to cut risk on their balance sheets, choking off credit to companies and stalling the region’s recovery. As a consequence, businesses hunting credit are now forced to look beyond wary EU banks for…
Reuters reports that Portuguese export firms are buzzing with activity despite three years of economic crisis at home. In the words of one footwear designer, Luis Onofre, “It’s a one-way trip. If we stop growing exports, we dig our own grave.” During the depths of Portugal’s crisis in 2012, his firm raised its foreign sales by…
Brazil had been struggling for years to decide which company to choose for a $4 billion-plus fighter jet contract. Dilma Rousseff was thrilled after a 90-minute meeting in Brasilia on May 31 with U.S. Vice President Joe Biden. After Biden’s reassurances that the United States would not block crucial transfers of technological know-how to Brazil if it…
