Tag: Financial markets

Two cheers for Barclays?

The audacity of Barclays’ actions in seeking to manipulate LIBOR is not in doubt. The scandal, quite apart from exposing how odious and unethical some of Barclays’ business practices were under Bob Diamond, has exposed profound weaknesses in the microstructures of financial markets. These weaknesses should not come […]

On flash crashes and their prevention

How often do you encounter something important and find yourself thinking “how is it that I didn’t know about this already?”. It happened to me last week when reading an FT piece (£) by Gillian Tett on the flash crash experienced by the US equities market in May […]

On the wisdom of free capital markets

With the discussions over the future of the Eurozone at a critical phase, David Cameron yesterday started to make helpful noises about exercising a veto if British interests were not protected. And when he says British interests, it seems he primarily means protecting the status of the City […]

The riots and the return to the big picture

Last week’s riots were shocking. The effect upon the many communities, families and individuals affected was undoubtedly profound. They have prompted plenty of soul searching and a wide range of diagnoses. If we are optimistic we should hope that they act as a catalyst for addressing problems of […]