Ross Levine advocates the creation of an independent agency (‘The Sentinel’) to monitor the conduct of financial regulation in this paper.
The assessment of portfolio risk is on everyone’s mind at the moment.
In timely fashion, UCD host a seminar tomorrow on this topic. The details are below:
The next seminar hosted by the Centre for Financial Markets (CFM) will take place tomorow, March 31 between 2-3.15pm at the Smurfit School of Business, Carysfort Avenue, UCD. The venue for the paper is Room C302.
The paper is to be given by Christophe Perignon (HEC) (www.hec.fr/perignon):
The Risk Map: A new Tool for Backtesting Value-at-Risk Models
Details of the seminar series and the paper are available here.
This morning’s WSJ notes that Portugal’s 2010 fiscal deficit will likely be revised upwards due to a shift in Eurostat’s rules concerning the accounting treatment of problematic assets. The March 16 Eurostat guidance note is here.
The CSO will release the initial estimate of 2010 Q4 GDP tomorrow at 11am. The last quarter of 2010 saw the arrival of the troika, plus bad weather in December. Any guesses for the numbers?