Tag Archives for regulation

Macroeconomic governance since the financial crash

Andrew Baker

Acknowledging the redundancy of silo governance will be a vital first step in creating the new macroeconomic institutional arrangements we need The most distinguishing feature of the macroeconomic governance frameworks that emerged throughout the world in the 1990s was the creation of a number of narrowly focused institutional silos (fiscal, monetary and financial regulation). In the aftermath of the financial … Continue reading

17 November 2016 by
Categories: SPERI Comment | Tags: , , , , , , , | Leave a comment

George Osborne, banks and the turning tide of regulation in the UK

The mood music being played to the City by the majority Conservative government has been quietly but deliberately changed since May 2015 In the immediate wake of the financial crisis in 2008-9 it appeared as if there was an endless line of politicians in the UK from across all political spectrums queuing up to lambast and publicly deride the banks … Continue reading

3 March 2016 by
Categories: Finance, SPERI Comment | Tags: , , , , , , , , , | Leave a comment

Ducking uncertainty: the EU’s regulation of the repo market

Andrew Johnston

Policymakers are still operating in a liberal market paradigm that sees market failure as exceptional, regulatory intervention as costly and uncertainty as quantifiable risk On 16 November, the European Union agreed a Regulation on Securities Financing Transactions (SFT Regulation). It will increase transparency in the obscure ‘repo’ market, which allows institutional investors, large corporations and broker dealers with spare cash … Continue reading

12 January 2016 by
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The finance curse as a new grand narrative?

Andrew Baker

As both populist discourse and conceptual apparatus, it is capable of constructing a novel, inclusive coalition in support of the technical reforms we need In a previous SPERI blog post, I lamented the complete absence of a co-ordinating discourse or grand political narrative about the financial crash of 2008.  Instead, we have seen isolated and disjointed technical changes in policy … Continue reading

13 November 2014 by
Categories: British growth crisis, Economics, Finance, Inequality, Political theory, SPERI Comment, Tax | Tags: , , , , , | Leave a comment