The centre is sponsored by the World Bank, the Canadian government, three big Canadian banks and York University's Schulich business school.

ECONOMIST: Bank regulation

Moshe Milevsky, an associate professor of finance at the Schulich School of Business at York University in Toronto, recommends investing mainly in stocks to maximize the odds that your account value and payouts will rise.

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But after graduating from the Schulich School of Business at York University in Canada, Mr Fekete moved to London and set up MaxBips, a website where small- and medium-size enterprises (SMEs) auction their surplus cash to banks.

ECONOMIST: Business-school entrepreneurs: In the beginning | The