And this year’s award for best finance minister goes to…
Wednesday 21 Sep 2011 | Regulation Mutters
Australian treasurer Wayne Swan has won Euromoney magazine’s finance minister of the year award for his steady handling of the country’s economy through the financial crisis.
Swan, who is also…
Papantoniou: Decision time for the eurozone
Wednesday 21 Sep 2011 | Yannos Papantoniou / Project Syndicate
Former Greek finance minister Yannos Papantoniou says Europe-wide bank recapitalisation is essential in the short term to contain the cost arising from possible sovereign defaults. However addressing the eurozone’s deeper defects cannot be postponed endlessly.
The consequences of Angela Merkel
Wednesday 21 Sep 2011 | Robert Skidelsky / Project Syndicate
In the 1920’s, Germany ended up having to pay only a small fraction of its reparation bill, but the long time it took to get to that point prevented the full recovery of Europe, with dire political consequences. Chancellor Angela Merkel would do well to ponder that history, writes political economist Robert Skidelsky.
List of Sifis released by end of 2011
Wednesday 21 Sep 2011 | Andrew Hickley
The names of those banks deemed systemically important are likely to be made public before the end of the year, the secretary general of a group of international regulators has revealed.
Speaking…
Euro has become a political football
Wednesday 21 Sep 2011 | David Marsh
Tim Geithner has mirrored the attitude of infamous former Treasury secretary John Connally in his lobbying for measures to cure the eurozone troubles, but may be unable to achieve similarly groundbreaking results, argues co-chairman of the Official Monetary and Financial Institutions Forum and ex-European editor for the FT.
‘Good progress’ made in Greece talks
Wednesday 21 Sep 2011 | Andrew Hickley
An international delegation is due back in Greece next week after headway was made in agreeing measures to further reduce the country’s budget deficit.
The mission, comprised of representatives…
Collapse of euro ‘catastrophic’ for Brics
Tuesday 20 Sep 2011 | Will Henley
Top economists at HSBC and Standard Chartered have warned of the heightened risks facing the global economy, amid fears that a eurozone collapse and added protectionism could prove “catastrophic” for emerging economies.
IMF urges tighter global regulations
Tuesday 20 Sep 2011 | Andrew Hickley
Worldwide regulators should push forward with planned regulatory reforms in an effort to safeguard against an increasingly volatile financial sector, the International Monetary Fund has urged.
In…
Barroso delight as ‘six pack’ is endorsed
Tuesday 20 Sep 2011 | Andrew Hickley
European Commission president José Manuel Barroso has declared his delight that the EU’s three main institutions have agreed a compromise deal to punish nations that run excessive budget…
EC: Banks may need recapitalisation
Tuesday 20 Sep 2011 | Andrew Hickley
Banks that successfully passed EU stress tests may need a fresh funds injection, the bloc’s competition commissioner has argued.
Joaquín Almunia told a press conference on Tuesday that “things…
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HKEx: ‘We don’t believe in arbitrage’ The financial services industry is high up on the target list for the Hong Kong Exchange’s key company poacher, head of issuer marketing Eric Landheer. But which firm – insurer or bank – is his next target? And how will he lure them?
G-Sifi insurer designation too ‘secretive’ As efforts gather pace in Basel to determine which insurers should be deemed globally systemic, the American Insurance Association tells Global Financial Strategy that the process is wrongheaded, lacks transparency and may seriously harm the US market. Will Henley reports.
STRAW POLL
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