Source: Financial Times Combination of stronger US economy in 2023 and stickier inflation trigger downgrades for next year. Persistently higher interest rates in major economies mean global growth is likely to slow next year after outperforming expectations so far in 2023, economists say. Output will expand 2.1 per cent in 2024, according to an aggregation...Read More

Two of the leading US investment houses, Goldman Sachs and Morgan Stanley, have slightly different views on Europe regarding the recession, interest rates and inflation. More specifically, for the European region, Goldman Sachs expects a moderate recession as early as the second half of this year, due to the ongoing significant disruptions in gas supply...Read More

ECB’s Christine Lagarde, announced on September 8th, 2022 the largest historical increase in interest rates in the euro area by 75 basis points, and the intention of the supervisory authority to proceed with a new increase in interest rates, during the immediately following meetings of its Board of Directors. One of the coming ECB meetings...Read More

International News Headlines on significant operational risk incidents that took place in large financial institutions (source: The Risk Universe monthly e-magazine, administered by RiskBusiness Solutions Limited, a UK associate firm of MNK RISK CONSULTING LTD) Read moreRead More