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Can the Icelandic meltdown be avoided?

Fears over the strength of the Icelandic banking system have caused the wholesale system to shut on Icelandic banks, prompting the country’s central bank to hike interest rates to record levels. At first sight, the initiative appears to have worked, with…

New governor overhauls South Korea's financial watchdog

Kim Jong Chang, the new governor of South Korea’s Financial Supervisory Service (FSS), has initiated a major shake-up of the country’s chief financial regulator aimed at cutting bureaucracy, streamlining operations and attracting talent from the private…

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