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Basel III- Some Opportunities?

by Véronique Queffélec on novembre 24, 2012


November 23rd, 2012

The reasons why there are Basel III, the Dodd-Frank Act, and debate over separation of commercial and investment banking in Europe is because previous regulations were not effective in dealing with the financial crisis. The rules of Basel III were adopted by global banking regulators in September 2010 and subsequently endorsed by the Group of 20 leading Economies.

Basel III is an international agreement, but implementation is left to the discretion of regulators in each nation. While Obama said in his campaign that he would urge for a “healthier banking system”, the US said it would not meet the January 2013 target date for introducing the rules. [click to continue...]

The French banking reform, Is the Glass-Steagall Act coming back?

by Véronique Queffélec on novembre 17, 2012


November 15th, 2012

The French Government wants to see high-frequency trading activities and speculation in agricultural commodities derivatives separated into strictly-regulated subsidiaries.

Unlike the Liikanen plan, it seems as though the French reform will not be targeting market-making activities.

French FM Moscovici commented the Banking Reform due on 19/12

French Finance Minister Pierre Moscovici, speaking at a conference organized by the AMF (French SEC) [click to continue...]

France: The austere 2013 budget and beyond

by Véronique Queffélec on septembre 27, 2012


France: the 2013 budget to be presented on Friday

Friday’s budget will show how the Government intends to hit its budget deficit target of 3% of GDP.The 0.8% 2013 GDP official baseline is likely to be too optimistic and the 3% budget deficit target will probably be missed

A challenging economic backdrop

Unemployment is still rising
Labour market issues will need to be addressed, through structural reforms

Confident politicians attempt to dispel concerns
Confidence is a key ingredient for recovery
European actions are necessary to address the euro area crisis and protect the GDP baseline
The ECB’s OMT programme should help

The Government’s 2013 GDP baseline is likely to be too optimistic

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France update August 31st , 2012

by Véronique Queffélec on septembre 2, 2012


Key summary

French President Hollande putting the ECB under the spotlight

French President Hollande says he remains supportive of possible intervention by the ECB, and was “simply” asking the ECB to carry out decisions taken by EU leaders at the June 29 Summit, while stressing that it remains up to the ECB to decide how to intervene.

France and Germany, an even closer cooperation.

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Italy and Eurozone leaders stances

by Véronique Queffélec on juin 17, 2012


June 14th , 2012

Key summary

Italy’s Unsustainable Path

A more prolonged and deep recession than expected.

An unsustainable fiscal path, ratings at risk.

Italy is likely to need external help at some point.

A set of measures aimed at reducing the stock of public debt likely to be welcome by the Eurozone.

Euro Area Leaders : a coalition against Germany ?

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Luxe et finance à la française - Savoir faire grimper les actions

by Véronique Queffélec on novembre 30, 2011


Interview de Philippe Latimier du Clésieux par Véronique Queffélec

Activité à très forte « valeur ajoutée » L’industrie du luxe pèse plusieurs centaines de milliards d’euros. Y sévissent au coude à coude les plus prestigieuses maisons de Paris, Milan, Londres et New York. Terreau vivant, très porteur de sens où les « créateurs » y anticipent les mutations incessantes de la société et les comportements de clients en quête de différenciation et souvent d’intégration sociale.
Le luxe industrie singulière aide ses clients à se construire une image en symbiose avec le système culturel et social qui les entoure et la façon dont ils souhaitent être perçus. Ainsi, à Paris, New-York, Rome, à Pékin ou ailleurs, le luxe permet d’affirmer ses choix et sa personnalité, et de faire de son image une alliée en toutes circonstances.

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