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‘Trust me, I am a financial adviser’ is not good enough

Concepts of fiduciary obligation have been watered down in the modern financial services sector. It is time to reverse that.

How a proud corporate history can lead to poor governance

The failures of the Coop provide insights into common management problems in not for profit institutions – including Oxford University.

The welfare cap replaces political judgment with spin

Whatever initial misconceptions spin doctors may promote, reality will out.

Coastal dwellers should take their own chances

When the sea defies mankind’s efforts to keep it in place, the shore people want these costs, too, to fall on the public at large.

They may not find a Jobs – but Pisa tests lean in the right direction

To say comparisons of academic performance are always imperfect and open to revision is not to say they cannot be made at all.

Is it better to play it safe or to place bets that risk bankruptcy?

Although transactions with low probability of large loss and high probability of small gain carry the potential for disaster, they can appear attractive for a very long time – perhaps for ever.

Britain’s ‘great leap forward’ was start of nuclear power failure

British technological failures have been compounded by a political phenomenon I have come to think of as “great leap forward syndrome”. The idea is that the best way to compensate for stumbles and missteps is to move, at one bound, ahead of the field.

To secure stability, treat finance and fast food alike

If I had a million pounds for every time I have heard a possible reform opposed because “it wouldn’t have prevented Northern Rock or Lehman Brothers going bust”, I might now have enough money to bail out a bank.

The oft-forgotten basics of negotiation

Negotiations over Scottish independence are framed by the observation that neither the rest of the UK nor the EU has anything significant to gain from such negotiation – or any wish to conduct such negotiation at all.

Britain is leading the world on banking reform

Globally, the Bank of England has been the main source of fresh and sceptical thinking on the future of the financial sector. While this has won it few friends in the City of London, such unpopularity is a mark of success not failure.