Governor Ernest Addison lived up to his speech at the Annual Dinner of the Chartered Institute of Bankers, Ghana on 2ndDecember 2017. The sector reform laced speech projected 2018 as a busy year in the banking history of Ghana. Undoubtedly, the second year of the current administration has indeed gone down as the busiest and... Continue Reading →
Financial institutions remain key agents in promoting and maintaining national, regional and global economic stability. As such the failure of banks and other players in financial intermediation should be averted as much as possible to limit contagion i.e. systemic risk in the financial space. When do financial institutions fail?This happens when such institutions are unable to... Continue Reading →
Businesses take risks in their value creation processes. Taking these risks result in upward potentials (rewards) and downward dangers (losses) that have to be monitored and mitigated. Risks essential for the firm to remain in business are inherent and inseparable in their operations. Oversight responsibility to ensure that firms to do not engage in excessive risk... Continue Reading →
Given the very high debt to GDP burden of Greece and its very weak economy, the recession-crippled country is on the brink of collapse. The sovereign country cannot honour its maturing debt obligations and face huge liquidity challenges. The situation reminisces of the African and Latin American debt crisis of the 1980s and 1990s followed... Continue Reading →
Introduction The Medici Bank (Banco Medici) formed and run by the Medici family of Italy in the 15thcentury until its liquidation in 1494 was highly reputed in Europe. The collapse of this financial institution made it a foremost corporate insolvency case in history. Its failure was largely ascribed to the family’s excessive spending and extravagant... Continue Reading →
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