Financial Reform;

The Global Financial Crisis Remembered: How It Affected Workers In The Finance Sector

Gregor Gall | Posted 08.09.2017 | UK Politics
Gregor Gall

Ten years ago this week, the emerging global financial crisis rudely hit the shores of Britain. Northern Rock, previously a low risk and secure buildi...

In A Changing Economic Environment, A Simple, Fair And Transparent Approach To Lending Is Key - But We Must Move Together

Ashok Vaswani | Posted 15.08.2017 | UK
Ashok Vaswani

As responsible lenders, the major banks must champion and progress the principals of transparency, fairness and control in lending. In a changing economic environment, consumers must be prepared for any eventuality and that means the time for the industry to do more to help their customers prepare for and navigate the future, is now.

Paying The Price: Ten Years Of Human Toll Following The Financial Crisis

Gregor Gall | Posted 21.07.2017 | UK
Gregor Gall

Only full and proper state regulation of our financial and economic systems can prevent such a calamity from happening again. But it will also need state intervention in employment matters to protect workers' interests and to support the creation of stronger unions to help in doing so. For a book that unfortunately will be beyond the financial reach of many, consider getting your union branch or public library to order a copy.

Capital Markets Union - A New Frontier of Europe's Single Market?

Molly Scott Cato | Posted 28.06.2015 | UK Politics
Molly Scott Cato

It could have come straight out of an episode of Star Trek. "Captain, we are approaching the Capital Markets Union, a new frontier." But the plan to c...

Is it Time to Bury Capitalism?

Adam Hamdy | Posted 09.12.2014 | UK Politics
Adam Hamdy

If we are ever to have a hope of rebalancing the books, meeting the future costs of the NHS, and satisfying our pension liabilities we need to look beyond capitalism. It's served a fortunate few well, but it has failed the majority. It's time to bury it alongside socialism and look for a better successor to both.

We Bagged a Great Portfolio - Now Let's Get on With the Job in Europe

Peter Wilding | Posted 10.11.2014 | UK Politics
Peter Wilding

This is an important moment for the UK but it is even more important for the wider EU. The restructuring of the Commission to place an emphasis on action to develop economic growth is a real move forward. The UK must seize this opportunity to make a reality of its own reform agenda and work for the vast majority of British people who see reform and change in the EU, not defeat and exit, as the real prize.

Brace Yourself for the Next Financial Crisis - And The One After That

Dr Joseph Zammit-Lucia | Posted 04.11.2014 | UK
Dr Joseph Zammit-Lucia

In a recent speech Angela Merkel stated that "the danger of another financial crisis is already pre-scripted." She is right.

Independent Scotland Would Be 'Devastated' If Banks Went Under

The Huffington Post/PA | Posted 30.06.2014 | UK Politics

Scotland would have been "devastated" and forced to turn to the IMF for help if it had been independent during the financial crisis, it has been claim...

Is Integrity the Key Ingredient for Financial Services?

Dr Joseph Zammit-Lucia | Posted 26.05.2014 | UK
Dr Joseph Zammit-Lucia

In the UK and elsewhere, the financial services industry is in the eye of the storm. The industry probably accounts for around 9.5% of UK GDP. Yet in the wake of the financial collapse, seemingly never-ending penalties for mis-selling and market manipulation and the continuing public outrage over bankers' compensation, many have come to believe that the industry is both rotten to its core and has become totally dissociated from the society which it is supposed to be serving.

The City - Five Years on the Naughty Step

Dan Gregory | Posted 18.11.2013 | UK Politics
Dan Gregory

Perhaps the two most significant statements in the five years since the collapse of Lehman Bros, are by the former Chair of the Federal Reserve and the erstwhile Governor of the Bank of England.

Mercenaries, Loan Sharks and Exploitation: The Blueprint of Success for the 21st Century Entrepreneur

Marko Kasic | Posted 04.10.2013 | UK
Marko Kasic

As it turns out, most real entrepreneurs never tried to be entrepreneurs. They just set-out with a passion which often became an obsession to achieve their goal of adding-value through a new idea.

Will Nick Clegg Follow Through on His Promise for Reform?

Sean Axtell | Posted 27.08.2013 | UK Politics
Sean Axtell

Yet following the close-fisted way that Westminster handled the Bill, we must be prepared for it to stall yet again unless Nick Clegg acts swiftly on his pledge for transparency.

Industry Survey Reveals a Worrying Crisis of Confidence

John Bowman | Posted 24.08.2013 | UK
John Bowman

On 1 June 146,605 candidates from 168 countries sat down to take CFA Program Level I, II and III examinations to demonstrate their knowledge and exper...

Restoring Trust in the Investment Industry

John Bowman | Posted 02.07.2013 | UK
John Bowman

Since 2008 the financial services industry has struggled with the issue of trust. From banker bashing to deposed knights, the public mood is increasingly sceptical of the abilities of the investment industry to operate ethically and act in the best long-term interests of investors and the public.

Le Grand Retournement, A Modern Morality Play

Rob Wolfe | Posted 06.05.2013 | UK Universities & Education
Rob Wolfe

The creators would likely respond that the intent of the film, being a dramatization, is merely to present an artistic representation of the French view of the 2009 crisis. But how sequestered is the niche the production hides itself in?

The Lasting Legacy of the Financial Crisis

Tom Charters | Posted 20.02.2013 | UK Universities & Education
Tom Charters

It is fair to hope that this new batch of future leaders of our financial world, with their diverse schooling and multi-disciplined training, will be better equipped than their predecessors to ensure that mistakes are not repeated.

Arsenal 'on the Road' ... to Nothing

Joshua Funnell | Posted 31.01.2013 | UK Sport
Joshua Funnell

I have no doubt that all of Arsenal's squad can probably balance a football on the ends of their penises and juggle it whilst playing a game of Fifa; they're without question technically gifted players. But they all seem presently to lack it.

Iain Duncan Smith: Saving the Welfare State From Misguided 'Kindness'

Max Wind-Cowie | Posted 15.12.2012 | UK Politics
Max Wind-Cowie

Anyone who genuinely, seriously wants to protect our welfare state should be full-square behind Iain Duncan Smith's latest ideas for reform.

It's a Complete Myth That Banking is Free

Peter Vicary-Smith | Posted 15.10.2012 | UK
Peter Vicary-Smith

The time for action is now. There must be significant changes to the structure and culture of the banking industry. Only then can we start the long road to restoring public confidence and properly protect consumers from a repeat of the financial crisis.

Banks: If They Can't Be Responsible, They Should at Least Fund Businesses That Are

Charlie Mowat | Posted 09.09.2012 | UK
Charlie Mowat

Once again British banks are in the bad books, with the recent antics at Barclays prompting the Prime Minister to announce a review of the entire industry.

Time for New Finance

Nasir Zubairi | Posted 04.09.2012 | UK
Nasir Zubairi

No more excuses; this is a broken record. Credit crisis, moral hazard, payment protection insurance, taxpayer bailouts, mis-selling, bumper bonuses, rogue trading, "Muppets", collusion, lending.....the scandals hitting the banking industry roll on and on.

Tobin or Not to Be

European Parliament Web Team | Posted 29.04.2012 | UK Politics
European Parliament Web Team

Although taxes are inevitably taxing, a proposal for a minimum rate of 0.1% set for shares and bonds and of 0.01% for derivatives in Europe has led to a fierce debate about what should be done to discourage reckless speculation.

David Cameron Barked Up the Wrong Euro Tree

Adnan Al-Daini | Posted 10.02.2012 | UK Politics
Adnan Al-Daini

Could one do the right thing for the wrong reasons? Yes. Does it matter that it is for the wrong reasons? It does, if it shows a mindset from which ...