Howard Davies, a professor at in Paris, was the first chairman of the United Kingdom’s Financial Services Authority (1997-2003). 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.
Banking supervision teams at the Bank of England “now receive the equivalent of twice the entire works of Shakespeare of reading each week.” So says Huw van Steenis, the author of a new r...
The received wisdom among financial regulators is that they are better off being able to say, “We told you so” if something goes wrong, and that there is little downside in occasionally i...
Desde que en la entrada del ala oeste de la Casa Blanca instalaron una puerta giratoria, se ha vuelto difícil seguir las idas y venidas en los pasillos del poder en Estados Unidos. Cualqu...
The United Kingdom was late to adopt central-bank independence, because then-Prime Minister Margaret Thatcher firmly opposed allowing unelected bankers to control interest rates. She famo...
El Reino Unido tardó en adoptar la independencia del banco central, porque la otrora primera ministra, Margaret Thatcher, se oponía firmemente a permitir que banqueros no electos controla...
Central banks have been on a roller-coaster ride in the last decade, from heroes to zeroes and back again. Is another downswing in their fortunes and reputations now starting?
When I became the head of banking supervision in the United Kingdom in the mid-1990s, my friends did not see it as a glamorous or exciting career move. Banking regulation was an obscure t...
