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Howard Davies

Howard Davies

Writing for PS since 2009
87 commentaries

Howard Davies, the first chairman of the United Kingdom’s Financial Services Authority (1997-2003), is Chairman of NatWest Group. 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.

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  1. Where It Pays to Be a Banker
    davies88_Michael M. SantiagoGetty Images_jpmorgan Michael M. Santiago/Getty Images

    Where It Pays to Be a Banker

    Jan 5, 2024 Howard Davies maps the growing divergence of tax and regulatory policies in America, Europe, and the United Kingdom.

  2. We Need to Talk About Bank Supervision
    davies87_Justin SullivanGetty Images_svb Justin Sullivan/Getty Images

    We Need to Talk About Bank Supervision

    Sep 22, 2023 Howard Davies thinks the renewed debate over commercial bank capital requirements largely misses the point.

  3. Buffer Madness
    davies86_SérgioGarciaYourImage forECB_gopinath Sérgio Garcia/Your Image for ECB

    Buffer Madness

    Jul 14, 2023 Howard Davies questions the merits of increasing banks' capital as a way to ensure financial stability.

  4. America’s Financial Regulatory System Is Still Broken
    davies85_ Justin SullivanGetty Images_sanfranciscofed Justin Sullivan/Getty Images

    America’s Financial Regulatory System Is Still Broken

    Mar 22, 2023 Howard Davies laments that the post-2008 Dodd-Frank reforms left in place a framework riddled with structural shortcomings.

  5. Central Bankers’ Green Lines
    davies84_CLAUDIO BRESCIANITT News AgencyAFP via Getty Images_jerome powell CLAUDIO BRESCIANI/TT News Agency/AFP via Getty Images

    Central Bankers’ Green Lines

    Jan 19, 2023 Howard Davies holds out little hope for a global consensus on how monetary policy should address climate change.

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  1. klee18_Daniel BerehulakGetty Images_shenzhen Daniel Berehulak/Getty Images

    Making the Most of FDI

    Keun Lee considers what it takes to convert foreign investment into growth, development, and technological upgrading.
  2. frankel157_Michael M. SantiagoGetty Images_economy Michael M. Santiago/Getty Images

    Explaining Americans’ Pessimism About a Strong Economy

    Jeffrey Frankel considers possible reasons for the disconnect between economic performance and public perceptions.
  3. coyle35_getty_sharing tech iStock / Getty Images Plus

    Sharing the Tech Wealth

    Diane Coyle

    Big Tech firms flagrantly disregard the implicit social contract that enables capitalist economies to thrive. The time has come to curb their market power and establish the institutional mechanisms necessary to prevent the benefits of technological innovation from being monopolized by a privileged few.

    urges investment in digital public infrastructure to curb the adverse effects of market power.
  4. sauvant9_FABRICE COFFRINIAFP via Getty Images_wto FABRICE COFFRINI/AFP via Getty Images

    The WTO’s FDI Challenge

    Karl P. Sauvant urges the World Trade Organization’s members to adopt the new Investment Facilitation for Development Agreement.
  5. kuleba1_DIMITAR DILKOFFAFP via Getty Images_ukrainewar Dimitar Dilkoff/AFP via Getty Images

    Europe and the World Need Ukraine to Prevail

    Dmytro Kuleba & Josep Borrell

    Ukrainians, Europeans, and others around the world all have an interest in opposing the kind of war of aggression that Russia launched two years ago. Failing to support Ukraine now would invite a return to the dark past of military aggression, imperialism, and colonialism – and not just in Europe.

    remind everyone of the stakes in Russia's war of aggression, as it enters its third year.
  6. burek1_LARS HAGBERGAFP via Getty Images_bitcoin blockchain LARS HAGBERG/AFP via Getty Images

    Is Blockchain Ready for Primetime?

    Josh Burek considers whether the technology has checked all the boxes needed to achieve wider adoption.
  7. bildt120_VASILY MAXIMOVAFP via Getty Images_navalny VASILY MAXIMOV/AFP via Getty Images

    Russia Will Honor Navalny Someday

    Carl Bildt reflects on the murdered opposition leader’s success in challenging Vladimir Putin’s regime.
  8. fischer213_Michael JacobsArt in All of UsCorbis via Getty Images_euflag Michael Jacobs/Art in All of Us/Corbis via Getty Images

    Europe Is Home Alone

    Joschka Fischer thinks the threats to European security have become too great for the status quo to bear.
  9. basu99_Spencer PlattGetty Images_tax wealth Spencer Platt/Getty Images

    Economic Possibilities for Our Overworked Grandchildren

    Kaushik Basu shows how it is possible to redistribute income from the rich to the poor without undermining individual incentives.

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