Tag: Regulation
Prosecutors must uphold the law, not cut deals with the accused
The financial crisis left a few individuals responsible for it very rich while its consequences made millions not responsible for it much poorer. If this involves no crime, then we have failed to define or prosecute crime appropriately.
Bungled bailout heralds shift in attitudes
The belief that the right response to the failures of Basel I and II is a more elaborate version of the same global regime is a triumph of hope over experience.
On the brink of a shadow drink industry
Restriction of business on moral grounds is not always unsuccessful but measures have to be applied with great care.
A ballboy, a union and bankers’ duty
If trust and confidence in financial intermediation are to be re-established, principles of loyalty and prudence are a prerequisite.
The limits of what money can buy
Should there be markets for sperm, surrogate motherhood or transplant organs?
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.
London’s new airport held to ransom by folly
Prevarication and political posturing, the persistent incrementalism when bold actions are required and the readiness to oppose policies simply because they have been espoused by somebody else, are as characteristic of policy today as they have been for the past 50 years.
Parliamentary Commission on Banking Standards
On the 29th October John gave evidence to the parliamentary commission on banking standards. The discussion covered banking culture, regulation, competition and corporate governance. Watch in...
The wrong sort of competition in energy
Some complexity is unavoidable, but much of the complexity consumers experience is not.
Take on Wall St titans if you want reform
Effective banking reform should aim at structures, not at intensified supervision. Resilient systems are simple ones.