The real issue for regulators around the globe is a serious definition of the financial world we want to live in. The current focus nearly exclusively on the banking sector could cause authorities to miss the broader picture.
The expansion from the G-8 to the G-20 is mostly a symbolic move. Since the rich countries control the institutions with actual power, the G-20 is still mainly the G-7 with the other 13 countries sitting in.
Naomi Klein's The Shock Doctrine is one of the most important political books of the past decade. But Michael Winterbottom's "adaptation" for film is garbled and mumbled to the point of meaninglessness.
What's up? It's the second annual SOCAP conference, the world's premiere social capital markets event (social capital investments incorporate three kinds of returns: financial, social, and environmental).
If IFC stays on its current path, its portfolio will become larger than the World Bank in about five years. This is a staggering result for IFC, whose portfolio was in the $2 to $4 billion range less than a decade ago.