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.
Mục lục
Prologue viii
Acknowledgements xv
1 Heading for a Fall 1
2 The Global Financial Crisis 22
3 Regulation and Reform 51
4 What More Should be Done? 75
Further Reading 110
Notes 116
Giới thiệu về tác giả
Sir Howard Davies currently teaches courses on the regulation of
financial markets at Sciences Po. He is the former director of the
London School of Economics, and the ex-chairman of the UK’s
Financial Services Authority. He is the author of a numebr of books
and writes regularly for the Financial Times.