Banks welcomed the easing of prudential rules of Basel III

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The European banking stocks were moving up sharply Monday, January 7 in the morning on the market, boosted by easing announced Sunday liquidity criteria which they will be subject to From 2015, under the new anti-crisis Basel III standards.

Around 9 am, the STOXX Europe 600 Banks index, which includes major European banks, took 2.01%. The French banks? Ease were particularly sought. BNP Paribas took 3.30%, 4.45% Credit Agricole, Societe Generale and Natixis 3.46% 4.84%.

In Spain, Bankinter jumped 7.21%, 4.43% took Banco Popular, BBVA and Caixabank 3.17% 1.07%. Similarly, in Italy, Unicredit gained 4.94%, Intesa Sanpaolo and Mediobanca 4.41% 2.81%. Among German banks, Commerzbank took 5.34% and 4.37% Deutsche Bank. The Dutch ING rose 3.21% and the Belgian KBC 1.45%. Finally, at the London Stock Exchange, Barclays gained 3.87%, 1.97% Lloyds Banking Group and Royal Bank of Scotland 1.74%.

The Basel Committee, which sets the rules for banks within the sector reform called Basel III, has relaxed the definition of liquidity coverage ratio, expanding nature easy to sell assets that banks will have to the future hold in their balance sheets to cope with acute crisis? cash for a period of thirty days. This relaxation responds to criticism of the sector, which criticized the reform set the bar too high, the risk of paralyzing the global economy.

“BASIC”

In the original definition, the assets required were more limited and consisted mainly of cash or government bonds, while in the new version, they may include bonds rated A + to BBB-, some shares of companies that borrow securitized residential mortgages receiving AA or better rating. However, a discount will be applied to these less liquid assets. A limit of 15%, after discount, will be imposed in the calculation of high quality liquid assets.

Moreover, the timing of application of this ratio has been rescheduled. As expected, this ratio will come into force on 1 January 2015. But at that time the banks will meet only 60% of the amount originally required. The liquidity buffer can then be gradually increased up to 10% per year to reach 100% by 2019.

The European Commissioner for Financial Services, Michel Barnier, has “welcomed” in a statement Monday that easing. “The treatment of cash is essential, both for the stability of banks for their r? In the global economic recovery,” he said.

Interview with Stephanie Tesson – kitchen faucets review

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The actress and author took over the tiny Theatre Pocket-Montparnasse, bought in 2012 by his father, journalist Philippe Tesson. In these places and renovated with a new room, she staged “Evil short” of Jacques Audiberti tale about a rebellious princess in Germany of the eighteenth century.

Why reopen the theater with this text somewhat forgotten Audiberti?

Originally, this piece was premiered at the Theatre de Poche, 1947. Jacques Audiberti is a postwar bold writer who, as Giraudoux and Anouilh, has been taxed in purgatory because of obsolescence. Be sensitive to the charm of writing, his gaiety, enthusiasm and humor.

How can I have this fancy text?

I come from the fairground theater, puppetry, I felt like planks of wood. Focus, rather than t psychology, freedom found in the theater masks. We worked with actors like Jean-Paul Farr?? and Marcel Mar??chal, spiritual heir Audiberti, who knew him well and suggested, with my father, to mount this item.

With this renovated space, which direction do you give the program the theater?

The Pocket Theatre belonged to a family of legendary theater, Ren??e Bierry Delmas and Stephen, who discovered authors like Dubillard and Ionesco. We take texts created here, in tribute, because it is a place holder for a mission resistance modes. On one play a year, we spend several creations, we would like to gather around strong public texts, shapes and mix small theater directory, make companies work. Among the historical cultural sites of the left bank, the pocket is an arthouse theater.

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Reggae forgotten – air purifier reviews

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If the 1960s constituted the golden age home jama discs? Caine Studio One pioneer of ska, rock steady and reggae, established in Kingston in 1963 by Clement “Coxsone “Dodd, the founder continued to discover talents throughout the 1970s. Among the dozens of labels issued by the contractor not to give the impression to local radio stations to promote the brand Studio One, the Ironsides productions put forward bass and engaging lyrics of “roots reggae”.

Thanks to the English Soul Jazz Records, specializing in reissues neat historical themes, this book relives a compilation mixing obscure beads forgotten singers (Fabian Cooke, The Soul Sister …) nuggets and unknown figures Caribbean (Freddie McGregor The Gladiators …).

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Micka?l Phelippeau dancer home

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The dancer and choreographer Micka? Phelippeau l, 35, loves to slip into the skin of others. And make shows, performances, exhibitions. He exchanged his clothes for the camera exposure “Bi-Portrait” (2003) borrows from traditional dancer shoes Yves Calvez for Breton-dance getaway called Bi-portrait Yves C. (2009), or swapped his score with writer Celia Houdart in Enjoy the Silence (2013), he likes to disturb his appearance, invent identities to suit games r? Always dr? Them.

“My work is a human foremost adventure,-t-he slips. It is a story of trust and love.” Trained in art, always dressed in yellow chick in memory of his father, a fan of the football team Nantes Canaris, Micka? Phelippeau is the empathetic man of great generosity. With Portrait ghost me, his new production, he settled for four days in three apartments, there Conna? Does not the people to design a dance or specific to each location sung show. Micka? Phelippeau the lots of fun.

Life Insurance: Afer announces rate of 3.45% for 2012 – best rowing machines 2013

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One after another, insurers reveal their yields life insurance contracts for 2012. One of the main market, the savings association Afer, which includes 735,000 members, announced Tuesday, Feb. 15, a rate of 3.45%.

One after another, insurers reveal their yields life insurance contracts in euros for 2012. One of the main market, the savings association Afer, which includes 735,000 members, announced Tuesday, Feb. 15, a rate of 3.45%.

In a difficult context, marked by a sharp drop in compensation obligations of the French state? Ais, the insurer is able to limit the damage. A year tt, Afer had posted a rate of 3.43%, very close to that of 2010 (3.52%), but down sharply compared to 2009 (4.12%).

IN GOOD AVERAGE

With this return of 3.45%, the contract in euros Afer compares favorably with yields already published by other companies. As foreshadowed professionals, the average rate paid by insurers should stand at around 2.8%, before payroll of 15.5% and possible imp? Ts.

In 2011, the average rate was stood at 3%. For now, the best contracts are Helios Selection (The Conservative) (3.75%) Diade Diade Evolution (ACMN Life / UFG) (3.8%) and contracts for the MIF (former mutual Ivry -The Fraternal) (3.90%).

Read also: Life Insurance: List of 2012 funds rate in euros

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“Cong Binh, Indochina night long” a page of history almost forgotten

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Shortly before the Second World War, France decided to recruit strength in its colonies in the Far East ‘s hand? PIECE needed its weapons factories to compensate for the departure of the French workers? ais forehead. Among them, 20,000 Vietnamese that we only call a number, and work for almost nothing.

Comes the defeat of 1940. France blocked the C? Ng Binh (“workers soldiers”) are mistaken for military and ostracized by society that does not give them proper status. Far from France on their land of birth, it’s for work? Very they are taken when they are strong supporters of independence.

With C? Ng Binh, Indochina long night is almost a forgotten page of history that Lam L?? strives to keep in memory. These men he retraces the journey became my child? Despised in their homeland as in their adopted land, victims of indifference to the point of being …

Isabella Rossellini: “My films contain real scientific information”

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After “Green Porno” and “Seduce Me,” the actress director sign “Mammas,” a new series of short films for Arte, in which it s ‘interested in the maternal instinct in animals.

What made you become interested in motherhood in animals?

I’m studying the behavior of animals for several years. It is by reading books Marlene Zuk, a professor at the University of Michigan, I had the idea for this new series. The image we have of the maternal instinct is very stereotypical, built by our culture. We always imagine a very sweet mom, willing to sacrifice for her babies. But that does not correspond to what can be observed in nature, scientifically. I found it interesting to do a series of short comedy films on this issue.

How do you work to combine the scientific approach and the comic dimension?

The value of my films is that they contain a lot of real scientific information. I am very attached there. Then I choose animals that inspire me on an artistic level, that make me laugh, allow me to imagine the costumes … Is not an intellectual nor a scientist, I also try to make movies dr? Them! I want the public to react in two ways: first, the laughter and the discovery that he had not thought of.

The philosophical dimension is even stronger in this new series. What do you think about this famous maternal instinct?

I find it amusing to question the idea that women have a natural tendency to believe that others are more important that … This idea suits well our societies. Once installed our natural gift for sacrifice, we can ask ourselves a lot of things!

You imagined a very particular artistic device …

I worked with a French team. Marc Chouarain gave a true value to the series up a musical piano score. The work of Jean-Hugues de Chatillon on the costumes and the Frederick Martial-Wetter the photo have equally impressed me. The device of my films is far from the latest techniques in 3D, or other, which I do not understand much. Manufacturing remains quite traditional, because I want to keep my? Trise. Georges M??li??s cinema inspires me a lot, the costumes, the way he films also without moving the camera. This fixity of silent film creates a kind of small theater that interests me very much.

Do you have other projects series of short films on animals?

If Arte me order another … I’m starting lineup! For the moment, I also like playing on stage project has written a monologue for me Jean-Claude Carri??re on the natural sciences, which I talk about in my films.

“Mammas” Arte, from 6 to 17 February to 20 h 45.

The news item, a godsend for film – best table saws 2013

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The case was striking enough to be remembered clearly: February 29, 2005, Edouard Stern, banker predator and thirty-eighth French comfortable fortune, is found dead with four bullets in his body, dressed in a latex catsuit in his Geneva apartment. His mistress, Cecile Brossard, is convicted of the murder, after a trial that has flattered neither one nor the other members of this couple looking for perverse games.

Between then and now, three novels, two survey books and two films inspired by the case. The latest, adapted from Stern, Regis Jauffret novel published in 2010, was released on Wednesday, January 9 screens. It’s called a love story, is directed by H??l??ne Filli??res, played by Beno? T Poelvoorde and Laetitia Casta.

Obscuring the biography of the characters and the nature of their connection to depict an erotic relationship glossy film, yet ambitious passes heart tee of the subject. It shows at least the craze for various fact which is entered from a decade as the literature of cinema. To keep the best songs of the past decade, which remembers Murderous Maids (2000), Jean-Pierre Denis, Elephant (2003), Gus Van Sant, and Zodiac (2007), of David Fincher?

For two years, the genre exploded, giving the feeling that the most twisted criminal cases are a godsend for the movie ….

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The Com??die-French found its gold and pumps

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La Comedie Fran? Comfortable hummed with excitement small artistic and social events, the evening of Monday, January 28. Richelieu room reopened after a year of renovations, during which the band played in the ephemeral Theatre installed in the gardens of the Palais Royal. 30 to 20 h, Muriel Mayette, the administrator of the Comedie-Fran? Comfortable, is mounted on the stage to say his “pride and joy” to reinstate the historic hall of the house, before an audience of politicians, writers, actors and journalists, led to the basket by the Minister of Culture, Aur??lie Filippetti.

?? Three hours later, after the presentation of the opening show – Tro read and Cressida, Shakespeare, directed by Jean-Yves Ruf – the general feeling was clear: the renovation of the room was a real success. But the show was wasted laborious winded, heavy like a big old-fashioned pudding.

The house of Moli??re, who was to work upgrading of technical facilities and accessibility, and to carry out asbestos removal, took advantage of the closure to renovate the theater acoustics and aesthetics. Regarding the sound, the result is spectacular in this room where the vocal reverb was bad, and that existed …

Uranium mines: “France has no interest in the Malian conflict extends to Niger”

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Does France have it behind his intervention in Mali, economic interests to protect in the region ? So says St??phane Lhomme, director of the Observatory of nuclear power, according to the entry in war of Paris aimed directly at “securing the supply of French uranium plants ease: it is extracted in mining northern Niger, a desert area of ??Mali … only separated by a line on the maps. ”

This is what is stated in some press titles, as the Algerian daily El Watan, which explains that “the proximity of Mali from the Niger (the fourth largest producer of uranium), membership in the Sahel region considered by experts as, and more generally to the African continent, opera struggles between global economic powers ‘hinge for the transportation of oil and gas space’, are all factors that can explain the French Intervention? comfortable in Mali “. On the website Atlantico finally journalist Florent Detroy, commodities specialist, agrees, saying that “the cessation of mining in Niger would be disastrous for the group [Areva] and the Frenchman,” and that ” the risk of ‘shock uranium’ due to the internationalization of the current conflict in Mali is not impossible. ”

In an interview with Monde.fr Emmanuel Gregory, director of research at the Institute of Research for Development (IRD), argues that, if there is no direct link between the intervention of France in Mali and uranium mines in Niger, it is clear that France has no interest in the conflict from spreading to this country, which provides a third of the uranium supply its nuclear fleet.

France does she have any interest in terms of natural resources, protect the Mali?

Fran? Ois Hollande assured that France had no real interest now in Mali. This is true. She is not involved in gold mining, the main export of the country resource. But in the future, it could be: Basin Taoudeni the name of an oasis straddling northern Mali and Mauritania, exploration licenses have been granted to Algerian companies, Canada, Angola and French? comfortable (Total) for oil.

Total has a first hole (heart tee Mauritania) in 2010, which was considered disappointing. She had planned to make a second, which has been frozen because of the conflict. This Malian region is certainly very isolated, but it could be profitable with rising oil prices, especially if the deposits are abundant and quality.

What are the interests of France in the neighboring country of Niger?

In Niger, France does not use oil: it is China that is on the market in the Agadem region, and in the long term, export. However, it is in the uranium that France has major interests. The Niger weighs in effect for 30% of supply to ease French nuclear power plants?.

Areva will have two mines, one of Arlit and the Akokan. And a third is under construction at Imouraren. By 2020, it is expected to produce 5,000 tons of ore, and become the first uranium mine in Africa. Niger, propelled the second largest uranium producer, then weigh to half of its supplies from France.

After taking deadly hostage Amenas in Algeria, France has decided to secure its mines in Niger. There have been taken hostage by the past, or with the new Imouraren mine, the number of employees in the French sites? Ais expected to reach more than 300 expatriates. The President of Niger, Mahamadou Issoufou, has accepted the presence of French forces? Ease its territory, while his predecessor was opposed. The coming to power of Fran? Ois Hollande and Mr. Issoufou, a member of the Socialist International, has changed the relationship between the two countries. It also pr? Born military intervention in Mali and sent troops there, including Gao.

See also the blog note: Gao, a first victory

Is there a link between the intervention of France in Mali and the defense of these resources in Niger?

Although France has very clear economic interests in Niger, there is no direct link between military intervention in Mali and the protection of uranium mines. But its goal is to stabilize the region and to fight against the Salafist movements who might be tempted to cross the border between northern Mali and Niger.

It is clear that Paris has no interest in the Malian conflict extends into the neighboring country, and disrupt the production of uranium. The Niger, for that matter: it takes $ 140 million per year from these mines, which account for 30% of exports from the state.

In case of disaster scenario, if France loses its uranium mines in Niger, she can always turn to other producers such as Canada or Kazakhstan countries. But the price of uranium may flare. But the price of uranium mined in Niger has tripled between 2005 and 2012.

Read also: Areva accused of neglecting the impact of its uranium mines in Africa