The ladies who are running the show now. Whether Hillary’s chief of staff Abedin can stay with Weiner and continue to be Hillary’s number one is a big question. Chelsea appears to be in charge of controlling Bill and making sure all the I’s are dotted and the T’s crossed in his dealings. Bill is not going to mess up a Presidential bid and he will be used to do what he does best: elect Presidents. The UN and the Annual Meeting of the Clinton Foundation both do business in New York this week. Women Doing Business Tied to a Political Woman- Abedin, Mrs. Clinton and Her Daughter
Appointment of Sarah Khabirpour Problematic for Luxembourg’s Finance Minister
Khabirpour sits on the board of Banque International a Luxembourg, one of the country’s biggest banks, and is a director of the Luxembourg Stock Exchange – both institutions the CSSF regulates. Her appointment to the board of CSSF as a senior advisor to Luc Frieden, and her network of other positions give the appearance of impropriety.
Does this staffing decision violates the “principles of good corporate governance”. The head of ProtInvest, an investor-protection group, has sent a letter to Michel Barnier, an EU commissioner, in which he criticised Mr Frieden’s move as political.
Ms Khabirpour’s multiple jobs showcase the cosy relationships that tie Luxembourg’s business community, which centres largely on fund management, to its regulators and political leaders, suggests Fred Reinertz, ProtInvest’s president.
“It seems that the minister of finance does not care about the principles of good corporate governance,” Mr Reinertz wrote. “[Ms Khabirpour’s appointment] represents a conflict of interest and a flagrant violation of the basic principles of good governance.”
The CSSF refuted the “unfounded allegations” in a statement. Mr Frieden and Ms Khabirpour also deny the claims, arguing Mr Reinertz’s actions are politically motivated. The finance minister’s office is drafting a letter to Mr Barnier to defend itself against the allegations.
Meanwhile, Khabirpour spends her downtime in running guru Eric Orton’s Cool Impossible. PROFILE INFORMATION How many years have you been running? 12
What is your goal race for the year? In general better performance, right training and technique, run 10K under 50 minutes
What is your greatest running accomplishment?
Greatest…10K in 53 minutes and trails from 60 to 80km
What is your “ultimate dream” running goal?
To become the athlete runner Eric Orton describes in his book
She just may be too busy running to do much damage.
Curry, Controller of US Currency, Warns of Continuing Bank Problems in US
Thomas Curry spoke to the AICPA Banking Conference in Washington this week. He warned about continuing problems with banks in the US. Strategic risk, or the adverse financial consequences that can result from poor business decisions or poor implementation of business decisions, is rising in the decisions of some banks to venture into new lines of business with the potential to generate higher profits—but also bigger losses—than in their traditional activities. When banks expand into new products and services, they may reach beyond their technical competence, risk tolerance, and capital adequacy.
Operational risk arises from failure in the performance of bank systems and bank personnel. During the financial crisis, many banks cut back their investment in this area, making it harder for them to keep up with emerging challenges in such areas as cyber security and regulatory compliance. Speak to a lawyer hired by a bank in the compliance area: they are successful at work if they get to the office in the morning, doing nothing, and leave at the end of the day.
In periods of slow growth, banks reaching for yield, taking on more interest rate or credit risk to maximize returns. Do they make appropriate allowances for loan losses? Curry Addresses the AICPA Banking Conference
Indian Women: Why Women Should Take Financial Decisions
Participation of Indian women in making financial decisions is still low, there are small but steady steps they are taking.
Financial planners concur that women investors bring to the table a stable and long-term approach towards investing. If you are a single, working woman and understand the benefits of investing, start now. They tend to take a holistic approach and put things like children’s education ahead of their own goals.
So, if you are married, working or not, take some interest in family investments; you may be surprised at the stable dimension you can lend to your family’s financial plan.
Why women should take financial decisions
Predicting Where Value Will Reside in the future
Predicting where value will lie in the future is tricky, but this report on the consumer goods industry around the world is first-rate reading. Future Value Chain
Kenya: Celebrating Women’s Financial Muscle
Ladies trusted no one — not even a bank — to keep their life-savings secure. Producing cash for deposit from a coin purse tucked into a stocking, or another undergarment posed a delicate problem for ladies standing opposite a male teller at the bank counter. Celebrating womens financial muscle

BIS: Warns Global Economic Imbalances
now worse than 2008 with emerging markets most vulnerable.
The only major global financial body to correctly warn that the global financial crisis was coming in 2008, the Swiss-based Bank of International Settlements is again sounding alarm bells as the Federal Reserve prepares to wind down its QE3 money printing program this week.
More and original report:
BIS_Quarterly Report September 2013 Full Report
The Spaniard Jaime Caruana is the Chief of the secretive Bank for International Settlements (BIS).
China: A Country Where Entrepreneurs Flourish
“China’s females are having a bigger-than-ever say in business, investment and family wealth management,” said Wu, a research analyst in Shanghai. The average wealth of the female billionaires on the top 50 list is 9.6 billion yuan, a 9.1 percent year-on-year increase, according to the report. China is a Good Place for Entrepreneurs to do Business
Why Women May Have Trouble Leading
A new book suggests that we don’t perceive gender bias, but if we follow what we do perceive to be our purpose we can overcome this deficit.
Effective leaders develop a sense of purpose by pursuing goals that align with their personal values and advance the collective good. This allows them to look beyond the status quo to what is possible and gives them a compelling reason to take action despite personal fears and insecurities. Such leaders are seen as authentic and trustworthy because they are willing to take risks in the service of shared goals. By connecting others to a larger purpose, they inspire commitment, boost resolve, and help colleagues find deeper meaning in their work. Why Women May Have Trouble Leading
50 Top Women in Finance honorees
The 2013 Top Women in Finance honorees carry the titles of owner, CEO, CFO, president, partner, senior vice president and manager. While many honorees represent the banking and finance professions, others work in private business, real estate, law, accounting and nonprofit organizations. By Finance and Commerce Staff
50 Top Women in Finance honorees








