The benchmark needs to be reformed, not scrapped.
Latest articles from The Banker Editorial
Spain shows the cost of postponing pain
July 2, 2012Allowing crippled banks to fudge their loan losses is not the way to deliver a healthy banking market.
Eurozone crisis: a case of failure by design
May 28, 2012A critical design flaw in the euro project meant that problems were inevitable.
Ethanol shakes up the energy mix
May 28, 2012With oil prices rising ever higher, interest in ethanol as a green fuel is growing, with the world's largest economies – Brazil, China and the US – already involved in production.
Argentina takes another backwards step
April 23, 2012Latin America seems to have finally freed itself from its failing patterns of populism with impressive economic results, but Venezuela and, more evidently, Argentina remain reluctant to play ball.
Missed opportunity at the World Bank
April 23, 2012The appointment of a US academic to head the world Bank instead of Nigeria's Ngozi Okonjo-Iweala shows how out of touch the institution is.
Shedding light on shadow banking
March 26, 2012The rise of non-bank intermediaries in Europe is an opportunity, not a threat
Will North Korea change course?
March 21, 2012Already North Korea's new leader Kim Jong-un has taken a step forward and a step back in cooperating with the international community. Will his reign mark the beginning of a more diplomatic North Korea or just more of the same?
Global banks go back to basics
March 1, 2012Investors appear to have lost confidence in diversified cross-border banking models, forcing banks to decide what they do best.
Libyans play economic waiting game
March 1, 2012Amid the celebrations to mark the first anniversary of Libya's revolution, strong economic leadership of the country is yet to emerge.