Far from tackling the problems that led to the global financial meltdown, new regulation is steering the banking sector towards yet another crisis.
Latest articles from Editor’s blog
IFRS adds new complications to accounting mix
July 28, 2014The 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.
BRICS new alliance speaks volumes
July 16, 2014By establishing the New Development Bank, the BRICS economies of Brazil, Russia, China, India and South Africa have made their biggest push yet towards redressing the economic world order.
Brazil needs to get back on the offensive
July 9, 2014Brazil has made huge economic gains in the past few decades, but this growth is now threatening to grind to a halt. Further progress rests on the country's ability to reform and tackle key issues, such as its infrastructure deficit and poor public services.
Scotland's future rests on uncertain ground
July 3, 2014The subject of Scottish independence has received global attention, with leaders from the US and Europe weighing in on the discussion. But, with very few clear facts, opinion seems to be the main driver of the debate.
A moral dilemma for the banking industry
June 26, 2014Establishing an ethical banking code is not as easy as it may sound, and could end up doing consumers more harm than good.
The US's dollar domination is coming to an end
June 12, 2014US fines on non-US banks for breaking the country's various sanctions is rankling the international community, and speeding up the rise of the renminbi and rouble as alternate trade currencies.
Who will bank the unbanked?
June 5, 2014Capturing the world's large unbanked market will require an innovative approach. Are banks up to the challenge or will technology companies beat them to it?
Best ignore the IMF's conflicting advice
June 4, 2014The International Monetary Fund seems to have one set of rules for developing countries and another entirely for developed economies. And neither is particularly effective.
Europe should agree to disagree
May 27, 2014The political and economic discord resonating across Europe makes regional integration, in the form of the EU or the eurozone, completely unworkable. Nevertheless these ill-thought out unions are carrying on regardless, threatening to do more harm than good.