Another day, another huge fine for banks. But is it justified?
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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.
Investors are wary of Argentina, but if the country is to address its $95bn default, it needs to foster international relations.
Emerging markets – once the darlings of international bond investors amid low yields and paltry growth in the developed world – now seem a lot less enticing.
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