Editor’s Note Editor’s Note Welcome to the December Edition of Finance Monthly Magazine, our final issue of 2012.
It has certainly been an eventful year for the financial world, from the on-going Eurozone debt crisis, to a slew of major banking scandals, and most recently, a series of high-profile corporate tax avoidance revelations.
This month, European finance ministers reached a deal on rules for supervising Eurozone banks, with the aim of fortifying the euro and preventing future banking failures. Around 200 of Europe’s biggest banks are expected to fall under the scrutinizing gaze of the ECB, which will act as chief supervisor of Eurozone banks. This looks to be an important step for the EU, and time will tell whether it’s in the right direction.
For the US, the impending fiscal cliff has entered the final stages of its dramatic countdown to midnight on December 31st, when the terms of the Budget Control Act of 2011 are scheduled to go into effect. Whilst total clarity on the looming cuts remains fairly elusive, the now infamous fiscal cliff is having a pre-emptive impact on markets, globally.
As eventful as 2012 has been, it seems safe to presume that 2013 will have little trouble following a similarly momentous path.
In our end of year edition Ernst & Young’s Alison Kay explores the rapidly evolving landscape of risk management in the wake of the recessions and economic uncertainties of recent years, giving valuable insight into the way forward.
Gary Bauer, a Partner in the Forensic practice of Deloitte’s Moscow offices, whose work includes investigating concerns of foreign investors around business practices in relation to their subsidiaries, investments or potential acquisitions, details some of the key fraud and corruption risks that investors should be aware of in the coming year.
And, following a year of major corporate restructurings in an attempt to regain a strategic edge in the un-relenting competition of recovering markets, Stephen Campbell of Panoramic Growth Equity, has devised a comprehensive list of ten questions that management teams must consider before undertaking a management buyout in the New Year.
These are but a few of the insightful features we have for you this month, along with our regular news, funds, and M&A pieces.
I hope you enjoy our December issue of Finance Monthly and are looking forward to 2013 as much as we are.
All the best,
Rebecca Harris Editor
PuBLISHER Parity Media Limited
EDITOR Rebecca Harris
rebecca.harris@finance-monthly.com
PRODuCTION MANAGER Emma Tansey
production@finance-monthly.com
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