It has recently been brought to our attention that there are companies masquerading as Marcus Evans scam and individuals purporting to work for the company despite having no formal connection whatsoever with the company.

We cannot stress too strongly that we go to great lengths to protect the company’s reputation which has been built up over many years and will pursue this kind of scamming with the full force of the law.

We would also very much appreciate hearing from any organisation or individual who has been a victim of such scamming as this will assist us in tracking down the perpetrators and ensuring that they are brought to book.

We employ very experienced legal advisors who are able to deal with such scamming cases extremely effectively and anyone engaging in this kind of masquerading activity needs to be aware that we shall pursue such cases with the full force of the law and will seek substantial costs and damages from successful litigation.

If you wish to contact us regarding a suspected instance of scamming associated with the Marcus Evans name, please contact - danielleu@marcuscusevansuk.com

The EU has signed off on Ireland’s €85bn bailout, which is designed to underpin the country’s public finances and rescue its troubled banking sector.

The bailout came with a clear warning that Ireland will have to turn its economy and finances around in the next four years.

The massive cash injection will cost an average of 5.8pc in interest, according to Taoiseach Brian Cowen, and comes with a number of strict economic guidelines.

Key areas under scrutiny include:

-          Meeting €15bn in Budget spending cuts and tax increases

-          Massive restructuring of the main banks and a shrinking of the banking system

-          Banks must draw up a list of potential assets to dispose of

-          A clampdown on public-sector pay

-          An extra year, until 2015, to bring deficit to within the EU limit of 3pc of GDP.

Mr Cowen has said the bailout deal struck with the EU and IMF is essential for Ireland. He also explained the Government had considered “all available policy options” – including burning subordinated bank bondholders – when striking a deal with negotiators.

A total of €35bn of public money will be put towards the reform of the country’s embattled banks.

Under the measures, Allied Irish Banks (AIB) will become virtually nationalised by the end of February. Bank of Ireland (BoI) will be given €2.2bn of state cash at the end of February, unless it can raise the money on the private markets first.

The State’s stake in BoI could rise to more than 80pc. State-owned Anglo Irish Bank and Irish Nationwide are drawing up a joint restructuring plan that could see them pass over about €16bn of deposits to AIB and BoI. All banks, including Irish Life & Permanent (IL&P), which says it does not need state cash, will have to sell off assets and become smaller businesses.

marcus evans Finance presents banking, finance and insurance events, created by experienced professionals and with information presented by industry experts.

marcus evans Finance is designed to meet the requirements of senior market practitioners. Our banking, finance and insurance conferences are an exceptional opportunity to learn from and network in a very interactive and stimulating environment with the undisputed experts in the financial community.

In the business news this week it was reported that Capital Markets got a welcome boost after borrowing by Europe’s banks has soared. As an area of important focus, marcus evans organises a range of business events geared towards this pivotal financial sector.

The marcus evans Capital Markets sector runs annual business events that focus on the key topics of Stress testing, Collateral Management, Credit risk transfer, OTC derivatives, Liquidity Management and Basel III.

In strengthening the resilience of the banking sector, Basel III regulations include tighter definitions of Tier I capital, the introduction of a leverage ratio, a framework for counter-cyclical capital buffers, measures to limit counterparty credit risk, and short and medium-term quantitative liquidity ratios.

Solvency II is another key area and refers to the updated set of regulatory requirements for insurance firms that operate in the European Union. It is scheduled to come into effect in 2012.

Collateral is an issue that has been flagged a lot since the crisis and the marcus evans Collateral Management conference that recently took place presented prestigious speakers who are experts in the field of Collateral Management.

On September 23-24, the marcus evans 13^th Annual Clearing and Settlement conference takes place and will profile and investigate major changes in these European initiatives and understand what impact they have across the clearing and settlement industry.

This business event has broad appeal and should be attended by those in Clearing and Settlement, Dealing, Investment, Electronic Trading, Broking, Bonds and Fixed Income Trading, Equities Trading, Derivatives Trading, Product Development, Institutional Investors, Proprietary Trading, Back
Office, Retail, Risk Management, Payments, IT Systems, Stock Exchanges/ECNs/ATSs/MTFs.

At the end of October the marcus evans Sovereign Risk Management conference will take place. This business event looks at how banks can look to minimise their exposure to the recent Sovereign Debt issues.

The marcus evans Stress Testing conference occurs in November and with the results of the bank stress testing released in July last it is clearly an issue that will continue to dominate Capital Market news.

European banks are now borrowing at their fastest rate in almost six months and are set to continue exploiting a positive market mood in spite of longer-term funding concerns and worries about the economic health of weaker eurozone governments. How this impacts Capital Markets will be watched closely.