U.S. policymakers risk derailing global economy, says Lagarde, if debt limit not raised and Fed withdraws financial support
Swap arrangements extended for another year
Amar Bidhé, Thomas Schmidheiny Professor at the Fletcher School/Tufts University, says that regulatory changes enacted following the 2008 financial crisis haven’t addressed defects in the financial system. He says banking regulators should replace abstruse rules with a system of “case by case” regulation. He spoke at the IIAC Conference at the MaRS Discovery District in Toronto.
Canada has room to act, finance minister says
CCPA estimates the true extent of Ottawa’s support for banks during the financial crisis at $114 billion
Policymakers should seize the moment to build a stronger long-term foundation for growth and stability
Rating agency lowers its outlook on France, Britain and Austria
Almost half of the respondents believe that the crisis will more or less stay the same during the coming year
Banks have experienced the greatest rise in negative outlooks
The economic crisis should be seen as an opportunity to address inequality and growth issues simultaneously