IMF’s Lagarde: Estimating Cyber Risk for the Financial Sector

This story is brought to you in association with the International Monetary Fund Written by Christine Lagarde, IMF’s Managing Director Average annual losses to financial institutions from cyber-attacks could reach a few hundred billion dollars a year (photo: Eti Ammos/iStock by Getty Images) Cyber risk has emerged as a significant threat to the financial system. […]

Conflicting statistics and bad banks haunt the Eurozone

Last week, Eurostat, the EU statistical service, released its flash estimate of the GDP of the first quarter of 2016, finding it, in both the Eurozone and the EU28, to be 0.5% bigger in comparison to the previous period. In the fourth quarter of 2015, GDP had also grown by 0.3% and 0.4% respectively. Does […]