The High Cost of High Finance
advises cities to think twice before seeking to attract financial firms fleeing post-Brexit London.
Howard Davies
Howard Davies, the first chairman of the United Kingdom’s Financial Services Authority (1997-2003), is Chairman of the Royal Bank of Scotland. He was Director of the London School of Economics (2003-11) and served as Deputy Governor of the Bank of England and Director-General of the Confederation of British Industry.
- Commentaries
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Was the Financial Crisis Wasted?
sees a lack of consensus on needed reforms reflected in the remarkable diversity of institutional responses.
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The Anatomy of Global Debt
reports on a new IMF database, and has little hope for macroprudential policy where it is needed the most.
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Can a European Capital Market Survive Brexit?
warns that companies are still more dependent on bank lending than they should be.
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Crypto Hawks and Doves
describes how digital currencies have divided the world's central bankers into two opposing camps.
