Tag: Regulation

On the horsemeat scandal

The horsemeat scandal has now been with us for over a month. It has morphed from a localised concern about adulteration of one processed meat product at one supermarket chain into a Europe-wide exposé of industrialised food production and lengthy supply chains that are ripe for abuse. Many […]

Is financial innovation a good idea?

Is financial innovation a good thing or a bad thing? Is it possible to tell in advance? Some might recall Warren Buffett’s comments in 2003, when he characterised derivatives as financial weapons of mass destruction, and suggest that perhaps it is. We know that novel, complex and non-transparent […]

Putting the brakes on housing booms

Property markets are frequently implicated in economic booms. It isn’t always residential property. But often it is. The last boom, which eventually triggered the Global Financial Crisis, had a strong housing market component. A while ago the Bank of England created the new Financial Policy Committee (FPC) with […]

On banking reform

The debate over the future organisation and operation of the banking industry seems to have spluttered back into life. Just before Christmas the first report of the Parliamentary Commission on Banking Standards made its appearance. The report focused on structures. Its most eye-catching and newsworthy recommendation was that […]

Revisiting Capitalism Unleashed

Over Christmas I went back to Capitalism Unleashed: Finance, Globalization and Welfare by Andrew Glyn. It is simultaneously a sparse and a sprawling book. The text has fewer than 190 pages, and yet it covers an immense amount of territory. I returned to the book to look for […]

Leveson, liberals and legislation

Was David Cameron’s reaction the Leveson report any great surprise? One of the starting points of the inquiry was the concern that politicians – including Cameron himself – had got “too close” to the press. Forecasting that he would side with the press interest rather than the public […]