The best of BS Opinion: Avoid contagion, risks of Covid-19 and more

In the context of the Credit Suisse collapse, our lead editorial notes that there are lessons for regulators around the world from this episode. Credit Suisse had pre-existing problems that led to its downfall, simply hastened by difficult times. Perhaps the most important lesson was underscored recently by Chief Economic Adviser V Anantha Nageswaran, when he argued that “safety margins” in trading were crucial, both for investors and regulators.

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What is different this time is that global financial stress, which has its genesis in four policy decisions made in recent years, is juxtaposed with a more resilient real economy, writes Sajjid Z Chinoy. Read here

In other views:

The World Bank must shift its focus from lending to catalyzing resource flows, writes Ajay Chhibber. Read here

Appointment

“Our economic cooperation with India, which continues to grow rapidly, will not only support India’s further development, but also create significant economic opportunities for Japan.”

Prime Minister of Japan Fumio Kishida