Posts by Andrew Hindmoor

Andrew Hindmoor, Professor of Politics, University of Sheffield

Why did nobody see ‘it’ coming? And what is ‘it’?

Andy Hindmoor

Systemic risk was the real culprit in the 2008 financial crisis and, with banks continuing to borrow huge amounts, the dangers are still there Why did nobody see it coming? Queen Elizabeth famously asked this question when visiting the London School of Economics in 2008. Along with Allan McConnell at the University of Sydney, I’ve been thinking about the best … Continue reading

10 December 2013 by Andrew Hindmoor
Categories: British growth crisis, Finance, SPERI Comment Tags: , , , , , , , , , , , , , , , ,

Banking Standards and the false promise of competition

Andy Hindmoor

Is more competition really the panacea for the ills of British banking? The Parliamentary Commission on Banking Standards has now published its final report. The headline-catching recommendations include a criminal offence of acting in a ‘reckless manner’ and deferring bonus payments for up to ten years. Less noticed but important proposals would give directors a legal responsibility to prioritise financial … Continue reading

21 June 2013 by Andrew Hindmoor
Categories: SPERI Comment