In financial markets, efficiency can fuel instability – and serve the interests of intermediaries rather than clients.
David Cameron’s veto may mean that the UK might have to shuffle towards the EU exit.
Banks need more capital in case of future financial crises, but financiers say this would slow economic growth.
Without a strong commitment to the integrity of the eurozone, more European banks will likely fail.
The Chinese financial system’s evolution in recent years has been extraordinary.
Reforms suggested by the UK Independent Commission on Banking calls for limits on “too big to fail” banks.