‘Incredible consensus’ for regulatory reforms among G20, but political will weakening
In the face of the impending global financial meltdown a year ago, world leaders found clarity: financial regulatory frameworks needed to be overhauled.
A tale of two banks: hallmarks of the changing financial landscape
It would be difficult to find two financial institutions more indicative of the plus and minus sides of the financial tsunami that hit the world of banking this year: on the one hand, ING, the venerable international Dutch bank, forced to go to the government for a 10 billion euro bailout and now facing public evisceration at the hands of EU regulators. On the other hand, Standard Chartered Bank, a bastion of banking in Asia since the era of British imperial rule.
Climate change and business: the momentum stalls
While climate change has been in the headlines in recent months due to the Copenhagen talks and concerns about alleged data manipulation, businesses don’t appear to be making much headway in terms of carbon reduction. That’s according to a new EIU study due out later this month, which will reveal that net gains by businesses have been close to zero since last year.
Book review: The Indian Renaissance
Economics examiners must love China and India. What a perfect pair of rising economic Asian giants to use for a compare-and-contrast question for their students. A thousand years ago, both countries were civilised and technologically advanced while Europeans huddled in draughty castles and a gnawed meat off bones. Both countries missed out on the Industrial Revolution, and seemed bewildered by the rise of the barbarian West. But they succumbed to its domination, shook it off in the 1940s, then e
In defence of hedge funds
Hedge funds have come in for scrutiny of late, particularly for their role in the financial crisis. According to Christopher Fawcett, CEO of Fauchier Partners, which manages hedge fund and alternative investment portfolios, hedge funds have become a scapegoat as they are an easy target.
Planning for the unthinkable
We’ve been so focused on the financial crisis that we’ve neglected to pay attention to other issues, which, if left on the backburner, could upset the status quo. That’s the view of futurist and business strategist Peter Schwartz.
Lessons learned: The Nordic banking crisis of the 1990s
Once burned, twice shy. That’s a lesson that has helped a lot of Swedish and Finnish businesses dodge major disaster during the world’s most recent economic crisis.
The show must go on: Cirque du Soleil’s recession-proof formula
As we brace ourselves for what threatens to be the worst economic slump since the Great Depression, one company seems to be relatively unscathed by the global financial meltdown. According to Daniel Lamarre, president and chief executive officer of performance troupe Cirque du Soleil, whose shows still play to sell-out audiences, he is confident that his company will ride out the recession.
Asian private equity: coming of age
Looking at the numbers, it’s apparent that Asia’s private equity star is shining bright. Assets under management increased ninefold during the last 15 years to about $283 billion in 2009 – 60 per cent of that growth came in the last five years alone.
But for all its healthy growth, only one third of global limited partnerships (LP) have allocations to Asia, including developed markets like Japan, South Korea and Australia and developing economies like China and India, according to
In the world of banking, does size matter?
It was bound to happen. After pouring tens of billions of dollars, pounds and euros: as much as 5.5 per cent of the GDP of advanced economies, according to the International Monetary Fund, governments began to revolt. “If a bank is too big to fail, then it is too big,” the governor of the central bank of Belgium told a newspaper at the end of June. If this is true, then what about the corollary: “Small is beautiful?” If bankers’ bonuses are being capped, should the size of their banks
Rethinking what shareholder value means
By not ending too early, the current financial and economic crisis can actually be beneficial for shareholder value, says Urs Peyer, INSEAD associate professor of finance.
Credit ratings: buyer beware
“Investors tend to take credit ratings at face value and rely on them too heavily.” So says ESSEC Economics Professor Patricia Langohr, who with her father, INSEAD Finance and Banking Professor Herwig Langohr, has written a book called 'The rating agencies and their credit ratings'.
IPOs: Evaluating failure risk
INSEAD Assistant Professor of Accounting and Control Liz Demers says the risk of failure may not be fully priced into new listings as of the offering date.
Alstom: Clean power needed to reduce CO2 emissions
Mankind will keep using fossil fuels to generate electricity for many decades to come, and will need all the help it can get to curb emissions of carbon dioxide, or CO2, that go with burning fossil fuels. That's according to Alstom, a leading manufacturer of power turbines and a company which sells equipment to make coal power stations cleaner and more efficient. It is also developing techniques to capture and store CO2.
Microsoft's Courtois: Using technology to tackle climate change
Tackling climate change for Europe is 'an incredible opportunity to innovate and compete with the rest of the world.' That's the view of Microsoft International President Jean-Philippe Courtois. Technology can help by linking entrepreneurs to academics, venture capitalists and big business, Courtois says.
Latino Roots in Lane County: Contemporary Stories of Settlement in Lane County, Oregon
“Latino Roots in Lane County: Contemporary Stories of Settlement in Lane County, Oregon” is a 33-minute bilingual documentary that uses in-depth interviewing in the tradition of Latin American testimonio and oral history and was made in conjunction with the museum exhibit. It includes video interviews with six of the families featured in the Latino Roots [...]
The Esperion Story: Biotech Success and Rebirth
The Lundquist Center for Entrepreneurship kicks off its new Distinguished Lecture Series with Dr. Roger Newton, President and CEO of Esperion Therapeutics and co-discoverer of Lipitor, the most prescribed cholesterol-lowering medication in the world. Dr. Newton discusses his ongoing efforts to commercialize cardiovascular treatments and his approach to securing capital and talent under difficult environmental conditions. [...]
Leadership today: less charisma, more consensus
When you think of words to describe good leadership, ‘charisma’ usually comes somewhere near the top of the list. After all, all the good ideas in the world won’t get anywhere if you aren’t compelling enough to get people to listen to you. But not all successful CEOs are charismatic and today’s complex and profound economic crisis has created a real challenge both for executives and for the professionals who train them.
A lesson in leadership: turning vision into reality
Abu Dhabi’s remarkable transformation in just a matter of decades can be attributed to the emirate’s astute leaders who have been able to translate their vision into action.
The leadership diversity puzzle
They say it’s never a bad time to invest in leadership. But is that still true, even during the worst economic downturn since the Great Depression? Unilever, the food and personal care products giant, thinks so and is putting its money where its mouth is.