Posts tagged with: Finance and banking
Did big personalities worsen the financial crash? (2015)
“..in order to take a share in charisma, one must turn one's back on the world. This process couldn't have been more evident in the 2008 financial crisis. Elesa Zehndorfer,...
The ‘age of irresponsibility is over’ says Bank of England head as he promises crackdown on rogue traders. (2015)
"Left unattended, (markets) are prone to instability, excess and abuse. James Titcomb, The Telegraph, 10 June 2015 Bank of England Governor Mark Carney has declared that the “age of...
Wall Street’s finest head for the Silicon Valley. 2015
"As its allure and self-confidence swells, Silicon Valley might repeat some of the political and social mistakes that created the Wall Street boom and bust. Gillian Tett FT.com, 26 March...
Hubris: Why economists failed to predict the crisis and how to avoid the next one. (2015)
“…underscores the contribution of hubris to economists' calamitous lack of foresight, and makes a persuasive case for re-engagement with the history of economic thought. Professor Lord Desai, Honorary Fellow...
End of ‘Murder on the Orient Express’ defence for top UK bankers. (2015)
Rules providing for individual accountability “will put senior managers at UK banks under real pressure". James Titcomb, The Telegraph 16 March 2015 Top UK bankers will have to bear...
Understanding how finance has moved from “Hubris to Disgrace”. (2015)
"As banking scandals continue.. the question is whether regulations can protect citizens … (against bankers with) a deep-seated disregard for the rules? Mark Esposito, Harvard University Extension & Grenoble School...
The philosophy, politics and economics of finance in the 21st century: From Hubris to Disgrace. (2015)
“..places the world of finance under a microscope, analyses the assumptions that have led from hubris to disgrace and provides suggestions for an improved society. Edited by Patrick O'Sullivan,...
Conference 2014: Andy Haldane speech – Central Bank psychology
"Simply recognising the cognitive constraints on decision-making is thus a first step towards making policy robust to them. So too is institutional design Speech given by Andrew G Haldane,...
Business culture and dishonesty in the banking industry. (2014)
“…in a game designed to reveal dishonest behaviour, employees of a large international bank behaved as honestly as the rest of us. But in tests mimicking the competitive nature of...
The biology of risk. (2014). By eliminating uncertainty has the Federal Reserve actually helped inflate market bubbles?
"By eliminating uncertainty in policy, has the Federal Reserve spread complacency among the financial community and actually helped inflate market bubbles? The author argues that greater transparency at the Fed ...