Simplifying the Volcker Rule could mean more global bank risk taking
(Global Edition) Nearly 10 years after the financial crisis, regulators in the U.S. are simplifying a trading rule that many foreign banking institutions have seen as unfair. But will this move expose the global financial system to the same kinds of risks that sparked the 2008 meltdown? Then, Brazil is starting to emerge from a two-week-long truck driver strike, but the economic costs are growing. We’ll take you to São Paulo and explain why. Afterwards, from payment systems to taxi services, Africa’s first billion-dollar startup is changing the way consumers on the continent shop. The company’s been dubbed the Alibaba of Africa … but in a place where fast shipping and convenience isn’t always the norm, is a shopping revolution still a long way off? (05/31/2018)
(Global Edition) Nearly 10 years after the financial crisis, regulators in the U.S. are simplifying a trading rule that many foreign banking institutions have seen as unfair. But will this move expose the global financial system to the same kinds of risks that sparked the 2008 meltdown? Then, Brazil is starting to emerge from a two-week-long truck driver strike, but the economic costs are growing. We’ll take you to São Paulo and explain why. Afterwards, from payment systems to taxi services, Africa’s first billion-dollar startup is changing the way consumers on the continent shop. The company’s been dubbed the Alibaba of Africa … but in a place where fast shipping and convenience isn’t always the norm, is a shopping revolution still a long way off? (05/31/2018)
