There is a meeting of minds around the world on how best to reform the financial system, but enforcing these principles in a consistent way will still be difficult.
Latest articles from Regulations
Rethinking bankers' pay
October 5, 2009The public clamour to cap bankers' bonuses is being acted upon with varying degrees of urgency and strictness by governments and regulators around the world. Writer Edward Russell-Walling
Measuring up
October 5, 2009Widely criticised after the subprime crisis as part of the problem, it seems that credit ratings agencies are still regarded as part of the solution by the market and regulators alike. Writer Philip Alexander
Reform key to future growth
October 5, 2009The recent collapse in the price of oil accentuated the critical need for Angola to diversify its oil-dependent economy. Despite the fall in growth, however, the country has weathered the storm and must now focus on public sector reform. Writer Charlie Corbett
Arab banks stay solid in tough conditions
October 5, 2009Although not unaffected by the global financial crisis, the Arab banking sector has continued to expand, with the UAE banks accounting for a growing proportion of asset growth. Writer Stephen Timewell
Chinese banks consolidate dominance
October 5, 2009Standing strong: China has continued to grow as a financial centre despite the global economic turbulence
The growth of the Asian banking sector continued in 2008, with China building on its dominance in the region, dwarfing India's more modest growth path, while South Korean banks' share declined. Writer Geraldine Lambe
Advancing with caution
October 5, 2009A recent survey by IFAC/The Banker revealed that although lending to small and medium-sized enterprises slowed down in the first half of 2009 as banks tightened security measures, a cautious increase in activity can be expected over the next few years. Silvia Pavoni reports.
The power of innovation
October 5, 2009Innovative small businesses often hold the key to job creation during financial turmoil and the accountancy profession can play a strategic role in helping such enterprises to obtain the financing they need to grow, writes IFAC president Robert Bunting.
Logical progression
October 5, 2009Recognising the key role that the accountancy profession plays in the development of SMEs, IFAC has extended its services to help facilitate this relationship, writes Sylvie Voghel, chair of IFAC's Small and Medium Practices Committee.
Reg Rage: UK financial system set for reform
September 2, 2009The UK government has just published proposals for wide-ranging changes to financial regulation. Although the measures will be intrusive, bankers are generally supportive. Writer Michael Imeson