Chris Van Es

Opětovné upevňování finanční regulace a demokracie

NEW YORK – Spojeným státům a Evropě trvalo téměř dva roky od krachu Lehman Brothers a víc než tři roky od chvíle, kdy v důsledku pochybení finančního sektoru započala globální recese, než konečně reformovaly finanční regulaci.

Možná že bychom regulatorní vítězství měli v Evropě i ve Spojených státech oslavovat. Vždyť panuje téměř všeobecná shoda, že krize, jíž dnes svět čelí – a pravděpodobně bude čelit ještě léta –, je důsledkem excesů deregulačního hnutí započatého před 30 roky za Margaret Thatcherové a Ronalda Reagana. Nespoutané trhy nejsou ani efektivní, ani stabilní.

Po proběhlé bitvě – a dokonce i po dosaženém vítězství – však zůstává trpká pachuť. Svá selhání nepřiznala většina z těch, kdo za chyby zodpovídají – ať už ve Federálním rezervním systému USA, na ministerstvu financí USA, v britské centrální bance a Úřadu pro finanční služby, v Evropské komisi a Evropské centrální bance nebo v jednotlivých bankách.

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