BBC, Jan 23 2013:

The financial industry still has a long way to go to fix itself, the International Monetary Fund's (IMF's) deputy director general has said.

He urged bankers and regulators to cooperate more closely.

But JP Morgan chief executive Jamie Dimon hit back, arguing that better - not more - regulation was needed.

The International Monetary Fund's Min Zhu said: "In the past five years we tried to solve so many things, but there still are a lot of things on the table." Click here to read the full article.