The Institute of Financial Services is holding its annual seminar at the Hilton Conference Centre on 4 June from 2pm onwards. This year’s theme is “Financial Turmoil in International Markets: What Lessons Can We Learn?”

The prevailing credit crisis, which began in early 2007 with rising defaults in the US sub-prime mortgage market, has continued to spread and is now affecting Europe. The IMF estimates that total losses and write-offs from this crisis could reach $945 billion with banks expected to suffer slightly more than half.

Why are we experiencing this financial turmoil? Is the euro area going to suffer the same fate? What lessons can we learn? What needs to be done to overcome the financial crisis?

To answer these questions and discuss this topic and issues involved, two international speakers, Stuart Green, Global Economist, HSBC Bank UK, and Dr Klaus Vondra, Economist, National Bank of Austria, are travelling to Malta to address this seminar. The seminar will be chaired by well-known local economist Dr Gordon Cordina.

Further information is available from IFS-Malta on 2124 0335 or e-mail [email protected].