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.

The EU is set to cap bonuses at 200% of basic salary, but there is no evidence that this will improve risk-taking behaviour in investment banking.

The reauthorisation of the US regulator should be a formality, but the combination of Dodd-Frank implementation and the MF Global failure have made for a deeper discussion of the agency’s future.

Turkey has set itself some ambitious targets for the next 10 years, not least wanting to become one of the world's 10 largest economies. There are a number of obstacles that it must overcome first, however, with a significant savings gap, a deep current account deficit and a poor record in attracting foreign direct investment.

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.

Certain EU member countries want banks to foot the bill for plugging the budget deficit they helped to cause. But the resulting tax looks set to hit the real economy most of all.

The eurozone crisis has precipitated intense scrutiny of the sovereign credit rating process, but the sovereigns themselves are hardly impartial judges.