Latest articles from Comment

Brian Caplen

BRICS new alliance speaks volumes

By establishing the New Development Bank, the BRICS economies of Brazil, Russia, China, India and South Africa have made their biggest push yet towards redressing the economic world order.

Brian Caplen

Brazil needs to get back on the offensive

Brazil has made huge economic gains in the past few decades, but this growth is now threatening to grind to a halt. Further progress rests on the country's ability to reform and tackle key issues, such as its infrastructure deficit and poor public services.

Scotland's future rests on uncertain ground

The subject of Scottish independence has received global attention, with leaders from the US and Europe weighing in on the discussion. But, with very few clear facts, opinion seems to be the main driver of the debate.

Back and forth and pari passu

The New York courts' interpretation of the pari passu clause could have serious implications, not just for Argentina, but for sovereign restructurings the world over.

US sanctions are the start of a slippery slope

The US sanctions regime will drive business into the shadows and accelerate the growth of alternative trading currencies.

Reform, not banking regulation, will increase lending to SMEs

Basel-endorsed centralised credit models and too-big-to-fail banks will not provide European economies with what they need, such as an increase in working capital for SMEs. Only deconglomerated banks unbound from Basel III risk management models can do this.

A moral dilemma for the banking industry

Establishing an ethical banking code is not as easy as it may sound, and could end up doing consumers more harm than good.

The US's dollar domination is coming to an end

US fines on non-US banks for breaking the country's various sanctions is rankling the international community, and speeding up the rise of the renminbi and rouble as alternate trade currencies.

Who will bank the unbanked?

Capturing the world's large unbanked market will require an innovative approach. Are banks up to the challenge or will technology companies beat them to it?

Best ignore the IMF's conflicting advice

The International Monetary Fund seems to have one set of rules for developing countries and another entirely for developed economies. And neither is particularly effective.

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