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Newsletter du groupe Finances > Advent UK > Euro consolidation > Battle on capitol hill > New Representation in Ukraine and in A
" Euro consolidation ..."

" Battle on capitol hill ..."

" New ADVENT UK representation in UKRAINE ..."

" ADVENT UK In ALGERIA ..."

http://www.advent-uk.com

"Building Excellence in Business "

Patricia GOODENOUGH, ADVENT UK
London - 29.04.2010

Euro consolidation

EURO CONSOLIDATION - Our United Europe seems to be having some headaches; basic differences of opinion on bailing out Greece, Greek Government bonds are now "junk" (such a nasty word), the Germans have come up with a legal reason why they cannot be in the bailout party, the Euro is on a see-saw, there is rain in Spain, the looming UK elections look like father, son (go for it Cameron!) and holy ghost (where on earth did Clegg come from?), AND we've all lost money & time due to the Volcanic Eruption. The Euro is supposed to be a reputable and sustainable world currency, the Eurozone caretakers should unite their team fast and all face in the same direction and consolidate!

Battle on capitol hill

BATTLE ON CAPITOL HILL But the most riveting Battle of the Titians was undoubtedly the USA Senate Subcommittee (SSC) interrogation of Goldman Sachs (GS) on their business activities prior to the sub-prime mortgage crisis. No reality TV show could possibly have been more fascinating. The issue is the difference in objectives and responsibility for GS as a major market maker to the market, as a broker to their clients, and as an active principal to their shareholders (and themselves of course).

The SSC did not ask anyone at GS to explain in layman's language what a market maker is and how GS operates, so there were a lot of misunderstandings in the question and answer process. The SSC, led by their imposing President Carl Levin, was relentless on business morals and ethics, the public's ongoing anger at the financial entities role in the credit crisis, the perception of client trust and belief in products sold by GS, and the key point of conflict of interest in actively selling complex mortgage derivative products to clients when GS were hedging against these same products as principals on their own account. And those bonuses, so popular!

The GS team was clearly confused by some of the lines of interrogation and were badly prepared on detailed documents; these guys are not used to public interrogation, and had probably thought the questions would be on procedures, not on morals. The traders were uncomfortable and evasive, probably trained by legal beagles "when in doubt, deflect". The CFO David Viniar tried to explain the GS position on "going short" and the firm's reactive risk management decisions when the sub-prime market cascaded; not a happy bunny when questioned about internal emails saying deals/products were "shitty". The GS star in the shape of Lloyd Blankfein, CEO of GS, was also surprisingly uncomfortable under the SSC fire and the broadsides of the CSS on business morals and client trust left him floundering. GS broadly speaking didn't get it and needs to boot up quick on ethics!

BUT it should not be forgotten that the stability of the financial markets is absolutely essential. Regulatory reform to prevent a future financial crisis - yes. Assassination of GS and other financial institutions with all that this implies - no.

News ADVENT UK representation in UKRAINE

We have been working with Ukrainian projects for some time, and we now have a representation office in Kiev; the new Government is in place and Ukraine is entering a new period of stability and growth. We're looking forward to working closer with our Ukrainian clients and their projects and acting as their European platform.

74G Saksaganskogo
01032 KIEV,
Ukraine
Tel +380443830086

ADVENT UK in ALGERIA

We have 2 new colleagues to represent us in Algeria, and we believe there is great potential in this beautiful country. We are looking forward to our first visit next month to meet members of the business community, and are already studying several projects. Watch this space!

Le réseau Advent UK

- Advent-uk.com - Advent-uk.co.uk - Advent-uk.biz - Advent-uk.ru - Limited.fr - Shop.Advent-uk.com - Groupe finances Xing - Advent UK SlideShare - Advent UK FaceBook - Advent UK YouTube - Advent UK Blog - Advent UK Linked In

ADVENT UK

Memo : Advent UK is a company specialized in the management and piloting of international projects. We research partners for your projects, introduce you to financial institutions, organise Joint Ventures, Mergers and Acquisitions, and set up SPV companies in the United Kingdom and other favourable British jurisdictions for international projects.

We work in Europe and Russia, both strong & dynamic economic zones.

http://www.advent-uk.com

ADVENT UK

Pour aide mémoire, Advent UK est une société spécialisée en management et pilotage de projets internationaux. Nous recherchons des partenaires pour vos projets, nous vous présentons des institutions financières, nous organisons Joint Ventures, Mergers et Acquisitions, et également la création et l'implantation de sociétés en Grande Bretagne pour des projets internationaux.

Nous travaillons en Europe et en Russie, qui sont des zones économiques fortes et dynamiques

http://www.advent-uk.com

ADVENT UK LIMITED
Suite 8, 28 Old Brompton Road, LONDON SW7 3SS
GREAT BRITAIN
Tel. (44) 207 801 3080
Fax (44) 207 691 7969

Information Office:
15 rue Clément Bayard
92 300 Levallois - FRANCE
Tel. + 33 (0)1 47 48 91 97
Fax. + 33 (0)1 47 48 02 22

Information Office:
State Research Institute Test
Office 308
56 B Ligovsky Prospect,
191040 ST PETERSBURG - RUSSIA
Tel: +7 812 712 0176

http://www.advent-uk.com

--
Cette newsletter a été rédigée par Dr. Michel Lubac, le modérateur du groupe "Finances".

Visitez le groupe à l'adresse suivante : http://www.xing.com/net/finances/

Cliquez ici pour vous désabonner :
http://www.xing.com/app/network?op=newsletterabo.unset&n...
- 29 Apr 2010, 2:21 pm
Dr. Michel Lubac wrote: > " Euro consolidation ..." > > " Battle on capitol hill ..." > > " New ADVENT UK representation in UKRAINE ..." > > " ADVENT UK In ALGERIA ..." > > http://www.advent-uk.com > > "Building Excellence in Business " > > Patricia GOODENOUGH, ADVENT UK > London - 29.04.2010 > > > > Euro consolidation > > > EURO CONSOLIDATION - Our United Europe seems to be having some > headaches; basic differences of opinion on bailing out Greece, Greek > Government bonds are now "junk" (such a nasty word), the Germans have > come up with a legal reason why they cannot be in the bailout party, > the Euro is on a see-saw, there is rain in Spain, the looming UK > elections look like father, son (go for it Cameron!) and holy ghost > (where on earth did Clegg come from?), AND we've all lost money & > time due to the Volcanic Eruption. The Euro is supposed to be a > reputable and sustainable world currency, the Eurozone caretakers > should unite their team fast and all face in the same direction and > consolidate! > > > > > Battle on capitol hill > > BATTLE ON CAPITOL HILL But the most riveting Battle of the Titians > was undoubtedly the USA Senate Subcommittee (SSC) interrogation of > Goldman Sachs (GS) on their business activities prior to the > sub-prime mortgage crisis. No reality TV show could possibly have > been more fascinating. The issue is the difference in objectives and > responsibility for GS as a major market maker to the market, as a > broker to their clients, and as an active principal to their > shareholders (and themselves of course). > > > The SSC did not ask anyone at GS to explain in layman's language what > a market maker is and how GS operates, so there were a lot of > misunderstandings in the question and answer process. The SSC, led by > their imposing President Carl Levin, was relentless on business > morals and ethics, the public's ongoing anger at the financial > entities role in the credit crisis, the perception of client trust > and belief in products sold by GS, and the key point of conflict of > interest in actively selling complex mortgage derivative products to > clients when GS were hedging against these same products as > principals on their own account. And those bonuses, so popular! > > > The GS team was clearly confused by some of the lines of > interrogation and were badly prepared on detailed documents; these > guys are not used to public interrogation, and had probably thought > the questions would be on procedures, not on morals. The traders were > uncomfortable and evasive, probably trained by legal beagles "when in > doubt, deflect". The CFO David Viniar tried to explain the GS > position on "going short" and the firm's reactive risk management > decisions when the sub-prime market cascaded; not a happy bunny when > questioned about internal emails saying deals/products were "shitty". > The GS star in the shape of Lloyd Blankfein, CEO of GS, was also > surprisingly uncomfortable under the SSC fire and the broadsides of > the CSS on business morals and client trust left him floundering. GS > broadly speaking didn't get it and needs to boot up quick on ethics! > > > BUT it should not be forgotten that the stability of the financial > markets is absolutely essential. Regulatory reform to prevent a > future financial crisis - yes. Assassination of GS and other > financial institutions with all that this implies - no. > > > > > > News ADVENT UK representation in UKRAINE > > We have been working with Ukrainian projects for some time, and we > now have a representation office in Kiev; the new Government is in > place and Ukraine is entering a new period of stability and growth. > We're looking forward to working closer with our Ukrainian clients > and their projects and acting as their European platform. > > > 74G Saksaganskogo > 01032 KIEV, > Ukraine > Tel +380443830086 > > > > > ADVENT UK in ALGERIA > > We have 2 new colleagues to represent us in Algeria, and we believe > there is great potential in this beautiful country. We are looking > forward to our first visit next month to meet members of the business > community, and are already studying several projects. Watch this > space! > > > > > Le réseau Advent UK > > - Advent-uk.com - Advent-uk.co.uk - Advent-uk.biz - Advent-uk.ru - > Limited.fr - Shop.Advent-uk.com - Groupe finances Xing - Advent UK > SlideShare - Advent UK FaceBook - Advent UK YouTube - Advent UK Blog > - Advent UK Linked In > > > > > ADVENT UK > > > > Memo : Advent UK is a company specialized in the management and > piloting of international projects. We research partners for your > projects, introduce you to financial institutions, organise Joint > Ventures, Mergers and Acquisitions, and set up SPV companies in the > United Kingdom and other favourable British jurisdictions for > international projects. > > We work in Europe and Russia, both strong & dynamic economic zones. > > > http://www.advent-uk.com > > > ADVENT UK > > > Pour aide mémoire, Advent UK est une société spécialisée en > management et pilotage de projets internationaux. Nous recherchons > des partenaires pour vos projets, nous vous présentons des > institutions financières, nous organisons Joint Ventures, Mergers et > Acquisitions, et également la création et l'implantation de sociétés > en Grande Bretagne pour des projets internationaux. > > Nous travaillons en Europe et en Russie, qui sont des zones > économiques fortes et dynamiques > > http://www.advent-uk.com > > > > ADVENT UK LIMITED > Suite 8, 28 Old Brompton Road, LONDON SW7 3SS > GREAT BRITAIN > Tel. (44) 207 801 3080 > Fax (44) 207 691 7969 > > > Information Office: > 15 rue Clément Bayard > 92 300 Levallois - FRANCE > Tel. + 33 (0)1 47 48 91 97 > Fax. + 33 (0)1 47 48 02 22 > > > Information Office: > State Research Institute Test > Office 308 > 56 B Ligovsky Prospect, > 191040 ST PETERSBURG - RUSSIA > Tel: +7 812 712 0176 > > http://www.advent-uk.com > > > > -- > Cette newsletter a été rédigée par Dr. Michel Lubac, le modérateur > du groupe "Finances". > > Visitez le groupe à l'adresse suivante : > http://www.xing.com/net/pri6f5738x/finances/ > > Cliquez ici pour vous désabonner : > http://www.xing.com/app/network?op=newsletterabo.unset&name=finances

Finances

Newsletter du groupe Finances > Advent UK > Euro consolidation > Battle on capitol hill > New Representation in Ukraine and in A