Can Financial Markets Be Controlled? (Global Futures) – Howard Davies

Can Financial Markets Be Controlled? (Global Futures)

Author: Howard Davies

Publisher: Polity Press

Year of Publication: 2015

Print Length: 136 pages

Genre: Non-Fiction / Political Science, Economic, Finance, Popular Science

Topic: Finance, Economy, Politics & Power

The Global Financial Crisis overturned decades of received wisdom on how financial markets work, and how best to keep them in check. Since then a wave of reform and re-regulation has crashed over banks and markets. Financial firms are regulated as never before.

But have these measures been successful, and do they go far enough? In this smart new polemic, former central banker and financial regulator, Howard Davies, responds with a resounding ‘no’. The problems at the heart of the financial crisis remain. There is still no effective co-ordination of international monetary policy.  The financial sector is still too big and, far from protecting the economy and the tax payer, recent government legislation is exposing both to even greater risk.

To address these key challenges, Davies offers a radical alternative manifesto of reforms to restore market discipline and create a safer economic future for us all.

Prologue

Acknowledgements

1. Heading for a Fall

2. The Global Financial Crisis

3. Regulation and Reform

4. What More Should Be Done?

Further Reading

Notes

Howard Davies is a financial regulator, scholar, and former central banker. He was the Director of the London School of Economics (LSE) from 2003 until May 2011. He now teaches at the Paris School of International Affairs and at the Paris Institute of Political Science, is a member of the Regulatory and Compliance Advisory Board of Millennium LLC, the International Advisory Council of the China Banking Regulatory Commission and Chair of the Airports Commission. As Deputy Governor of the Bank of England (1995-1997), the incoming Labour Government asked him to create a new regulator for the financial sector. As the first Chairman of the Financial Services Authority he was responsible for merging nine independent agencies to create the single regulatory body (1997-2003).

Source: https://www.specialistspeakers.com/?p=2738

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