Fears mount over Greece's ability to reduce fiscal deficit and service debt repayments, despite Eurozone-IMF bailout package.
The computational requirements of Solvency II are driving the need for more computing power and data storage accessible on a scalable basis. Early adopters are leveraging cloud computing for their Solvency II implementation. Others are taking a more cautious approach, waiting for the industry to address key concerns such as security before they to embrace computing.
More Greece articles
Issuance of sovereign inflation-linked bonds is expected to reach record highs this year as governments struggle with vast fiscal deficits. With investors shaken by the crisis in Greece, however, some issuers may have to draw on the lessons of the crisis...
If Greek debt is downgraded again, much will depend on whether the ECB decides to keep accepting it as collateral.
With markets anticipating a Greek debt restructuring, bank traders and risk managers are preparing for a wider crisis that could drag in northern European countries, tip the euro into a tailspin or even threaten the eurozone’s integrity.
Credit specialists anticipate Greece could be forced to restructure its debt within a few months, following a day in which its five year sovereign credit default swap spiked from 485.7 basis points to 638.9bp. One European macro credit strategist says:...
Italian academic Gustavo Piga, who first identified the deceptive use of derivatives by one European state in 2001, believes local governments should be banned from using derivatives products.
The continued adherence of US accounting practice to market-inconsistent techniques means the headline figures of the US life industry would be unaffected by interest rate movements, even in the event of a Greek-style crisis or downgrade of treasury bills....
In response to industry fears of a collateral crunch, regulators have revised the proposed rules on margining for uncleared over-the-counter (OTC) derivatives.You can find out more by downloading this white paper here.