Turkey’s new regulatory body began operations last month with sweeping powers to oversee the troubled banking sector.

Italian banks reckon they are boosting efficiency and say politicians must now help by reducing the tax burden.

If Spain has waited 140 years to launch its first jumbo mortgage-backed bond it is not the fault of any mañana system. The cédula hipotecaria (CH) was introduced in the market in 1861 but, until this year, it remained an instrument exclusively for retail investors.