by Laurie Fitzjohn-Sykes, director of research, Tomorrow's Comapny Read the original article here. It is now 25 years since Tiny...
From David Pitt-Watson, Executive Fellow, London Business School
Sir, The Financial Conduct Authority is currently consulting on its mission. We recommend that this process should start with the essential purposes that the finance industry plays in serving the outside world: keeping money safe; facilitating payments; risk sharing; intermediation.
Typically, financial regulators are not asked to consider the broader purpose of the industry they are responsible for. This may be one reason why Britain lacks an effective system of private pension provision, where individuals can save for a predictable income in retirement. It may help explain the academic evidence that concludes that today’s finance industry is no more efficient at serving the outside world than it was 100 years ago.
The mission of the FCA should be explicit in asking that it uses its powers in a way that encourages the creation of institutions and market forces that deliver to purpose.
Executive Fellow, London Business School
Director, St Paul’s Institute
Executive Director, Finance Innovation Lab
Chief Executive, Share Action
Founder, The People’s Trust
Chair, Transparency Task Force
CEO, Tomorrow’s Company
Convenor, Transforming Finance Network
Commenting on the City AM article from 5th January: Calls for better governance at Sports Direct heighten, after Mike Ashley defies the...
This blog was written by Tim Johns of Orato Consulting. Regular reader(s) of this blog will know that I find...
https://www.youtube.com/embed/luUktnumWMk?rel=0 Radical change in the boardroom is needed to restore the public’s trust in business and to tackle attitudes of...
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