EU plans for trading rules widen global gap in bank regulations

LONDON: Banks were pleased this week by news that Europe would impose less-restrictive rules on trading than the United States, but the announcement proves that global regulations are likely to remain inconsistent despite pledges to unify them.

IMF chief Christine Lagarde will struggle to bag more funds for a 'firewall'

Global politics and economic theory don’t lend themselves easily to punchlines. But in January this year, Christine Lagarde managed to inject a little light relief into proceedings at the World Economic Forum.