Latest articles from Leaders

Never mind the banking union in Europe

A European banking union means little unless there is greater consultation on the regulation of cross-border banking groups between home and host nations, and not just in Europe.

Plugging the global infrastructure funding gap

Governments scramble to bridge the infrastructure gap.

Are African investors getting ahead of themselves?

Rwanda's move into the capital markets may not prove to be a wise decision.

Don't axe Libor, make it better

Gary Gensler's criticisms of Libor miss the point.

Size trumps regulation for beached whales

The Senate report into JPMorgan's 2012 losses on credit derivatives suggests new capital regulations are just making investment banking groups even more complicated to oversee. But perhaps regulatory confusion will eventually shrink 'too big to fail' banks.

Germany must share Cyprus' pain

Germany cannot duck its responsibility for the mismanagement of a eurozone system from which its own exporters have benefited greatly.

Africa needn’t be scared of bond investors

Africa's upturn in fortunes in the past few years shows the advantages of having an open economy.

Don't take revenge on the raters for sovereign downgrades

Sovereigns taking action against rating agencies are aiming at the wrong target.

Central banks' many shades of independence

Debate is raging over the ideal degree of separation between governments and central banks.

State bail outs are still with us

While regulation says that bondholders should be the ones to lose out when banks fail, the reality is that such write-downs are rarely forced.