Blog

Blog

Search

Keyword

Nick Silver

8 April 2013

5 comments

Last week two new financial regulatory bodies were launched, the Prudential Regulation Authority and the Financial Conduct Authority, to replace the last (failed) one – the Financial Services...

We need a revolution in financial regulation

Philip Booth

9 November 2012

comments

Earlier this week, a group of leading academics called for a revolution in financial regulation. This call came after the publication of a group of papers examining regulation across every field of...

Trust has lost all of its value in our state-regulated financial markets

Philip Booth

5 July 2012

2 comments

The spotlight in the Libor rate-fixing scandal has moved. Questions are being asked about the culpability of the FSA, which may well have ignored repeated warnings about Libor calculations from...

The FSA should let investors make their own mistakes

Amul Pandya

13 February 2012

2 comments

The IEA’s 2010 monograph Does Britain Need a Financial Regulator? argued, amongst other things, that the Financial Services Authority (FSA) has been guilty of overreach and empire building....

State regulation: a scourge on the financial landscape

Terry Arthur

30 January 2012

1 comment

In August 2010, the IEA published Does Britain Need a Financial Regulator? Written by Professor Philip Booth and myself, with a particular focus on stock exchanges around the world, our conclusion...

Lessons from history show self-regulation to be the best kind of control

Philip Booth

9 August 2010

comments

In their election document, the country’s Catholic bishops – who are not known for their support of free market economics – pointed out: “A society that is held together just...

Does Britain need a financial regulator?

Terry Arthur

4 August 2010

comments

In 1997 Gordon Brown removed the so-called “self-regulatory” system for financial services under the Securities and Investment Board and created the Financial Services Authority (FSA)....

Taxpayers will pay the price for EU hedge fund vendetta

Laurence Copeland

24 May 2010

2 comments

You might have thought that, with the Eurozone in turmoil, the EU would have no time to pursue its vendetta against hedge funds. Far from it, the latest proposals are even more wide-ranging than...

FSA’s reforms misconceived

Andrew Lilico

3 July 2009

2 comments

There has long been an important problem in the selling of and advising on retail financial products. Large numbers of individuals and firms call themselves “financial advisors” or even “...

Government failure caused the financial crisis

authors of Verdict on the Crash

12 May 2009

10 comments

In a statement published today in the Daily Telegraph and reproduced below, fourteen leading economists – authors of the comprehensive new IEA study, Verdict on the Crash - explain...

Mandelson has head in the sand

Philip Booth

30 April 2009

2 comments

In the Financial Times earlier this week, Peter Mandelson wrote: Sir, I was surprised by the unreconstructed tone of your editorial (”The umpire should not choose sides“, April 21...

Regulators are rewarded for failure

Philip Booth

16 March 2009

6 comments

I now have to admit that I was unduly optimistic about the UK response to the crash regarding the future of financial regulation. Initially, there seemed to be some humility on behalf of the...

What does Osborne mean?

Philip Booth

4 February 2009

4 comments

On Monday, George Osborne made an interesting speech. It would have been a good opening statement at a dinner party of economists. There was a lot to chew on but the ideas were ill defined. But they...

Why regulation fails: Baby P and Northern Rock

Philip Booth

18 November 2008

4 comments

Without wishing to trivialise the former, there are eerie similarities between the tragic case of Baby P and the failure of Northern Rock. In the banking sector, the FSA, which has virtually...

Search

eNEWSLETTER

Blogroll