Tag: 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.

As the financial sector has become global, deregulated and regulated over the last 30 years, transactions and trading have increasingly replaced trust relationships.

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...

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.

Casinos attract greedy people with deficient ethics: the fear this engenders frames regulation, the obligations we impose on executives and the culture we expect from operating companies. Perhaps banks should operate to standards as high as those of casinos.

On the 29th June, John appeared on Radio 4's Today programme to discuss the culture of banking with Peter MacNamara, former head of personal banking at Lloyds, and...

Plurality and diversity are generally sources of stability – in banking as in nature.

The common sense that says “I know the difference between a Cornish pasty and a ham sandwich when I see it” is appealing, but we would rightly find it unacceptable that the decisions of a tax inspector should be based on the principle that he knows what to tax when he sees it.

The interim report of the Kay review into the effect of UK equity markets on the competitiveness of UK business, was released yesterday. It...

On the 7th February, John took part in an Intelligence Squared event entitled, 'What hope for the economy?', in which Evan Davis grilled a panel of eminent...