There are rising concerns over China’s banking system as the country’s lenders feel the effects of slowing growth combined with a deflating real estate market.

It was supposed to turbocharge the City of London’s fortunes, but in the end the government’s long-awaited financial services bill was a bit of a damp squib. It will, however, entrench tensions between the government and regulators with potentially dangerous consequences.

Certain entrenched interests in the US stock market face a bruising battle with the Securities and Exchange Commission — one that will be played out in the courts and the media.

The US Treasuries market remains vulnerable to more dysfunctional episodes as crises are happening more often, which is heaping pressure on policy-makers to find structural fixes.

The demise of the US dollar as the world’s top reserve currency has been endlessly debated, but some observers believe that the recent sanctions against Russia might be a real turning point.

Following some of the harshest sanctions ever imposed on a country, Russia could face a banking crisis within a year as its economy braces for the worst contraction in nearly three decades.