With respect to the oil market, OPEC members appear to have largely complied with their late-2016 deal to limit output, although that agreement has not been the „game changer‟ that some observers had feared, in part because of the US shale industry‟s ability to quickly ramp up production once oil prices exceed the break-even point.
In the aftermath of the global crisis which has been of unprecedented magnitude, banks have been called to become leaner and fitter. Alongside, the job of regulators has become even more complex given their mandate to maintain soundness and stability of the financial system.