Tag: Accountability
Leveson failed to learn from credit crisis
There are many similarities between this response to the press crisis of 2011 and the reactions to the financial crisis of 2008. In both cases the demand for better processes and new rules largely missed the point.
Corporate tax should be fair and shared
Ireland accounts for a share of global profit disproportionate to the size of the Irish economy. Not because business in Ireland is particularly successful but because reporting profits in Ireland is particularly attractive.
Scotland’s debate lacks seriousness
What would an independent Scotland actually be like? The only sensible answer is that no one really knows.
The wrong sort of competition in energy
Some complexity is unavoidable, but much of the complexity consumers experience is not.
The brashness and bravado in big deals
Commercial decisions often reflect policy-based evidence, not evidence-based policy. Doing the deal is what matters; justification comes afterwards.
The law that explains the folly of bank regulation
Goodhart suggested that any measure adopted as a target loses the information content that appeared to make it relevant. People change their behaviour to meet the target.
Why do we need to pay billions of pounds for big...
The argument that we need the best and latest is powerful in political decision making, even among people who would never behave that way in their everyday lives.
The Kay Review
On the 23rd July, the Department for Business Innovation and Skills published John's Final Report on UK Equity Markets and Long-Term Decision Making. Vince...
Finance needs stewards, not toll collectors
Trust usually rests on a long-term relationship: the merchant in a foreign bazaar does not expect to deal with you again, and that expectation governs his behaviour.
Corporate values are not just a calculation
We are not interested in whether companies make good or bad cost-benefit calculations. We are interested in what these calculations tell us about their values.
