Brazilian Business Women on the Rise

The head of the Municipal Olympic Company, Maria Sílvia Bastos Marques. She has the perfect background to lead an organisation that straddles the public and private sectors:
a former boss of a steel company and director of Brazil’s two biggest companies,
Petrobras and Vale, she has also held numerous positions in local government
and served as the first female director on the board of Brazil’s huge development
bank, BNDES.  Many others are joining her at the top.  Schumpeter Discusses Brazilian Women’s Progress in the Economist  Maria de grasas Foster heads Petrobas, Brazil’s state owned oil company. Maria das gracas Foster

 

Can the Banks be Regulated?

Regulators are making clear that they know what they don’t know. So in addition to traditional measures, they are also going to emphasize the “leverage ratio.” That’s good news, because the leverage ratio doesn’t allow for such accounting sleights-of-hand as adjusting the value of assets for their perceived riskiness. In that game, some investments — say, picking purely randomly, top-rated mortgage securities or Greek government debt — could be judged less risky than other assets. Can the Banks be Regulated
Regulating the Banks

EU COMMISSIONER CALLS FOR TROIKA TO BE ABOLISHED

EU Justice Commissioner and vice-president of the European Commission, Viviane Reding calls for the “troika” of the European Commission, the European Central Bank and the International Monetary Fund (IMF) to be dissolved.

According to Reding “the time of the troika is over. Getting the IMF on board in recent years was an emergency solution. In future, we Europeans have to be able to resolve our problems on our own.”

The troika negotiates with countries in crisis, such as Greece, Portugal and Ireland, on austerity and reform measures they have to undertake in return for bailouts. It also supervises the implementation of such steps. Reding said European institutions could manage this without the IMF…
European Commission

EU COMMISSIONER CALLS FOR TROIKA TO BE ABOLISHED