Latest articles from Leaders

Hong Kong’s unique but working system

Hong Kong's current political system – a halfway house between Western-style democracy and Chinese single-party socialism – strikes the perfect balance, at least as far as business is concerned.

New thinking needed for SME finance

Technology may deliver better returns than regulatory incentives in the drive to stimulate lending to small and medium-sized enterprises.

Is this the tipping point for tap-and-go payments?

With Apple now using near-field-communication technology in its devices, will tap-and-go payments take off among consumers?

How to spot the next financial crisis

As post-crisis financial reforms near a conclusion, regulators are turning their minds to identifying potential risks in the future.

Welcome to the great macroprudential experiment

Until a countercyclical buffer has been deployed through an entire cycle, we have no idea how effective it will be. 

The UK is already ‘out’ of Europe

As the divide between eurozone and non-eurozone countries grows, the question of whether the UK should stay in the EU becomes less and less relevant.

IFRS adds new complications to accounting mix

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.

Does financial regulation have to be global?

Cross-border regulation of banks is proving increasingly difficult, despite the call for global regulation of the financial system. 

Fiscal mismanagement is hurting Africa

Countries in Africa, including Ghana, Kenya and Zambia, are battling with wide fiscal deficits brought about by grand spending plans. 

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.

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