In the 1960s US draft dodgers headed north to Canada to avoid the war in Vietnam. Today, some 40 years later, Wall Street may be preparing a similar move to avoid dealing with US president Barack Obama's stricter new banking regulations.

Few economies have proven as resilient over the past 18 months as that of South Korea. In the wake of Lehman Brothers' collapse, foreign investors fled, exports plunged, the Korean won sank, and the economy contracted sharply.

The US Securities and Exchange Commission opened a can of worms with its decision to require companies to consider the effects of climate change when disclosing business risks to investors.

As banks enter the convalescence phase after what some describe as the financial equivalent of a major medical trauma, there may be a need for further medicine to ensure a full and stable financial and economic recovery.