The tenth lecture in the course, devoted to risk and insurance: financial risk, systemic risk, the insurance business’ first steps, the methodology: Value at Risk, regulation: Solvency II.
Wednesday, 27 February, 2013 – 19:30 to 21:30
Monica Mächler served since January 2009 until the end of September 2012 as Vice Chair of the Board of Directors of the Swiss Financial Market Supervisory Authority FINMA, after having served as CEO of the Swiss Federal Office of Private Insurance from 2007 to 2008. In the International Association of Insurance Supervisors she was a member of the Executive Committee and Chair of the Technical Committee.
Hugues Pirotte is professor at the Solvay Brussels School of Economics and Management, ULB. He … Read the rest
Guest post. Translated from the French by Tim Gupwell.
In the United States, bad news often arrives via the Congressional Budget office (CBO). Reputed for its analyses, this non-partisan Congressional body has just produced a forward-looking report on American debt. According to the CBO, if the tax cuts are renewed and public spending is maintained at the current rate, the debt will be around 200% of GDP by 2037. Measured in accordance with this same ratio (which is rightly contested) it currently stands at 70% of GDP. This kind of projection puts the European debt crisis – on which all … Read the rest