News
We share this document from NYU Stern Business School.
The essay discusses the banking stress that occurred in 2023, its underlying causes, provides insights into the consequences of the banking stress and offers suggestions for preventing similar situations in the future.
Some banks faced trouble due to a combination of large capital shortages and a significant share of uninsured deposits, leading to potential losses for uninsured depositors and a system-wide run risk. The macroeconomic causes, including fiscal and monetary policies after the pandemic, contributed to increased risk-taking by banks. The failure of certain banks highlights the need for regulatory reforms, including strengthening supervision, revising deposit insurance, and enhancing banks’ capacity to absorb losses.
We held the event “Keys to Access International Capital Markets”.
During the gathering, we had the honor of hosting prominent professionals, Cecilia Carriquiry and Ignacio Temerlin, who shared their extensive experience in the field of securities issuance and provided valuable insights into the structuring of public offerings of bonds and stocks.
In line with its mission to promote the development of financial practices guided by the highest ethical and quality standards, CFA Society Uruguay organized together with Vanguard the event “Staying the course in times of uncertainty”, presented by Ignacio Saralegui, Senior Investment Strategist from Vanguard Latin America, who emphasized the importance of maintaining a long-term investment strategy and avoiding making impulsive decisions during times of uncertainty in the financial market.
On March 29th we held the event “Are we facing a new international financial crisis?” organized together with the National Academy of Economics where we had the valuable presentations of Fernando Barrán, Julio de Brun and Arturo Porzecanski.
Global designation evolves to shape today’s investment profession and the professionals who operate within it
On the 14th March we held the event “Unlocking value in bonds and currencies” where Joanna David, Investment Officer of Colchester Global Investors discussed current valuations in sovereign bonds and currencies in developed and emerging markets, emphasizing long-term deviations and highlighting attractive opportunities.
Yesterday we co organized with Academia Nacional de Economía our first event of the year with the participation of Ec. Adolfo Sarmiento, Manager of Economic Policy and Markets of the Central Bank of Uruguay.
We are very pleased to share with you a new sponsorship agreement with the firm Vanguard.
As a sponsor of the CFA Society Uruguay, Vanguard will support the organization’s events, initiatives and programs aimed at promoting professional development and best practices in the investment management industry.
We are pleased to announce the return of the CFA Institute Investment Foundations® Certificate which will be open for enrollment starting today.
The recently updated Certificate covers the essentials of finance, ethics and investment functions, and provides a clear understanding of the global investment industry. It is designed for those aspiring to (or currently working in) support roles in the financial industry, such as marketing, human resources, IT, operations, and legal, so that all industry colleagues speak the same language.
Yesterday, the “CIO Summit – Latam Edition” event was held, organized by the CFA Institute and Moody’s, where the rating agency ratified the Baa2 long-term rating with a stable outlook for Uruguay.