IMF Managing Director Christine Lagarde sat down for an interview with Thomson Reuters Editor of Consumer News Chrystia Freeland to discuss the European debt crisis and U.S. fiscal problems.
Lagarde also outlined the Fund’s agenda for 2013 at a news conference following the release of a $4.3 billion tranche of aid to Greece, which she said is moving in the right direction with reforms.
Ever wonder who looks after what in U.S. regulation of payment, clearing and settlement – the plumbing, so to speak, of the financial system? Check out this dizzying chart from the Federal Reserve Bank of Chicago.
The regional central bank bills the graphic as an attempt to clarify the “complex relationship among U.S. regulators and the systems that provide payment, clearing and settlement services.” Simple, right?
The chart is testimony to a level of complexity that is likely to get worse as the Fed takes a bigger role in overseeing “systemically important” financial institutions like the Chicago Mercantile Exchange. Please direct any further questions to the Chicago Fed.
Reuters correspondent Emily Kaiser analyzes the G-20 draft communique.
Reuters will be live-blogging the G20 summit in Pittsburgh on Thursday and Friday. Our army of correspondents, equipped with Twitterberries and Flip cams, will be bringing you the latest on the economy, climate change and bank regulation.
Click on “Make a comment” below to leave us your thoughts on what the world leaders in Pittsburgh should accomplish. And visit our G20 page for full coverage of the event.
