Robert Pringle's Viewpoint: The global finance system is in bad need of repair


Some commentators foresee a progressive Balkanisation of international banking. The highly experienced financial regulator Andrew Sheng, writing in the November issue of Central Banking, is forthright: The world is breaking up into national currency blocks with different allegiances and shifting interests."

Global banks create credit beyond the control of national central banks, yet when they fail, resolving their losses is a national issue. Not surprisingly, governments expect banks to ring

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: