The law of unintended consequences strikes again

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Economists love to tell each other stories about perverse incentives. The “cobra effect” is a favourite. It describes an attempt by the British Raj to rid Delhi of its cobras by paying a bounty for … Read more

The Swiss solution looming into sight for UBS

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UBS may have been handed an early win in its battle to moderate stringent new capital requirements imposed by the Swiss government. Who to thank? The pragmatic and slow-moving Swiss political system. The fierce debate … Read more