GRC Newsletter

GRC Newsletter 'The Risk Informer', in this month covering Stress and Liquidity CPs

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G20

G20 announce $1trillion package to respond to crisis.

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ECB Lowers rate

ECB Lowers rate to 1.25%.

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Risk Management Survey Results

Online poll results highlight concerns amongst risk professionals that they do not have the right risk organisation in place to effectively manage risk

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ECB lowers policy rate

The ECB has lowered rates to 1.5%.

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Bank of England MPC

The MPC cut base rates to 0.5% yesterday and announced measures to inject cash into economy.

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BOE cuts rate to 1%

The Bank of England have cut rates to 1%

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Portugal Downgraded

Potugal ratings now A+ from AA- from S&P

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UK soaring debt levels increases downgrade risk

the recent actions taken by the UK Government increases the risk of a ratings downgrade

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Standard and Poors downgrades Spain

S&P downgrades Spain to AA+

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Fitch downgrades 5 Irish Banks

Fitch downgrades Irish Banks

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ECB Rate Cut

ECB cuts rate by 0.5%

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S&P Takes rating action on Greece

Greece downgraded by S&P

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S&P Announces Ratings Reviews

S&P affirms ratings on the USA and UK but places several Euozone countries on negative watch

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Bank of England Rate Cut

base rate cut by 0.5%

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Fed running out of room to manoeuvre

The US Federal reserve effectively cuts its rate to zero

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Madoff's $50bln fund loss

Bernard Madoff Investment Securities Collapse sparks further losses for financial institutions

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Interest Rate Cuts

Interest rate cuts across Europe

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Frailty of the UK Consumer

The recent measures announced by the UK Government to kick start the economy highlights the frailty of the UK consumer

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TARP

Complexity in reaching a strategy on the acquitsition of distressed assets from financial institutions has led to the abandoment of this part of the TARP plan in favor of other forms of intervention.

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Bank of England and ECB rate cuts

Bank of England cuts rate by 1.5%
ECB cuts rate by 0.5%

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GRS announces launch of GRC

GRC is launched by GRS. GRC provides consultancy services covering the areas of governance, risk management and compliance.

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Obama wins US election

Democrats decisive victory in US elections

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Continued weakness in UK housing

Nationwide - 1.7% price fall in July, year on year 8.1%.

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UK Banking Results

UK Banks profits siginifcantly down through reduced revenues and additional write offs.

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Moody's - Spanish RMBS

Moody's revises methodology on Spanish RMBS

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HBOS Rights Issue

HBOS rights issue failure

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FSA says closely monitoring bank B&B

AIX-EN-PROVENCE, France (Reuters) - The chairman of Financial Services Authority (FSA) said the regulator was closely monitoring Bradford & Bingley (BB.L: Quote, Profile, Research), the bank whose shares have slumped on concern about its business plan.

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