The debt problem: not only a financial question

Article Abstract:

This article discusses the global debt problem from the debtor's perspective - in this case, from the perspective of Mexico's former Finance Minister. It explores its origins from the onset of the debt crisis in Mexico in 1982 and discusses the steps that have been taken to respond to the problem. The solution, however, demands shared responsibility and requires active joint participation by creditor countries as well as debtor countries. International economic cooperation - which entails a substantial change in the attitude of industrial countries - is crucial to avoiding a potentially explosive situation. (Reprinted by permission of the publisher.)

Finance, International aspects, Mexico, Debt, External debts

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Just waiting for the next big bang: business continuity planning in the UK finance sector

Article Abstract:

Business continuity planning (BCP) processes have enjoyed increased use in both the public and private sectors of the UK due to their potential in enhancing organizational efficiency. The approach, which focuses on prevention and recovery, has been proven to be effective in improving the resiliency of systems, thereby allowing users to obtain competitive edge in the market. BCP may also be used as a promotional instrument for attracting and retaining more customers.

United Kingdom, Methods, Management, Financial services industry, Financial services, Business planning, Crisis management

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