The controversy that has dogged pan-African lender Ecobank in the last nine months has shaken it to its core. Last month Thierry Tanoh, its chief executive, was forced to stand down in what was the latest and, Ecobank shareholders will hope, possibly the last in a series of events that has dented the institution’s credibility.
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With investors claiming that Basel explanations of risk weighting models are indecipherable, confidence in these measures has been lost. If it is not restored, capital may have to be regulated using much harsher methods.
Another day, another huge fine for banks. But is it justified?
Regulators struggling to define what activities are covered by hugely detailed new rules governing financial markets might do better by returning to first principles.
The bipartisan agreement struck by the US government to avert threats of a shutdown undermines the International Monetary Fund’s status as a truly multilateral institution.
Revisions to the leverage ratio will help trade finance, but could introduce the same kind of regulatory arbitrage as the risk-weighted Basel ratio.
As new trade flows emerge, the global economy could start to balance out.
Recommendations of the Liikanen Report appear to have been generally accepted as best practice, but banks still need to re-evaluate their governance practices.
Regulators' national focus risks hurting global financial markets.
Greece is finally starting to deliver on its IMF reform programme, but it will need help to ease the official debt burden.
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