Robust and Resilient Finance
Modern banks - and most other financial institutions - trade in securities, and the growth of such trade is the main explanation of the...
The Future of the City of London
I may not need much introduction but I don’t go anywhere at the moment without advertising my newly published book The Long and the Sho...
Toxic waste in financial services
Why would anyone want to buy a bond whose return is proportional to the square of the current interest rate? Why would someone in...