The IFRS's latest attempt to simplify international accounting rules scores some small victories, but it also introduces a number of significant new problems into the accounting equation.
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Greater regulatory scrutiny in Europe is compelling banks to better understand their data and consider tough strategic decisions.
Cross-border regulation of banks is proving increasingly difficult, despite the call for global regulation of the financial system.
Countries in Africa, including Ghana, Kenya and Zambia, are battling with wide fiscal deficits brought about by grand spending plans.
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.
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.
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.
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.
The US sanctions regime will drive business into the shadows and accelerate the growth of alternative trading currencies.