WTO differences: No breakthrough in Marrakesh

More than 23 years ago, Marrakesh, a tourist-loving city of Morocco, witnessed a historical deal and also became a part of the deal by name. On April 15 of 1994, the Marrakesh Declaration was adopted by 124 nations to conclude the Uruguay Round of Multilateral Trade Negotiations and subsequently establish...

Don't bank on bankruptcy for banks

In the next month, the US Treasury Department is expected to decide whether to seek to replace the 2010 Dodd-Frank Act's regulator-led process for resolving failed mega-banks with a solely court-based mechanism. Such a change would be a mistake of potentially crisis-size proportions.Yes, creating a more streamlined bankruptcy process can...