Banking in the UK reportedly in decline? Not dissimilar challenges in recruitment in the US. This was one topic I found fascinating during this project:
Chris Clarke and I just published this journal article on banking reform in the UK. Feeling very grateful. This one started before Covid and "life happened" in the midst of writing it. Feels rather special finally seeing it in press
https://t.co/XNZSiMGs5I
This is wrong. Yes, economies change. But politics has EVERYTHING to do with the concentration of wealth in the hands of a select few:
"To be clear: these shifts are organic rather than by design." https://t.co/iGLOGNYsLo
what could possibly go wrong (again)?
"An increasing number of banks have begun using synthetic risk transfers (SRTs) to manage credit risk and lower capital requirements. Through this banks can effectively reduce regulatory capital charges"
https://t.co/fR3KLCwt85
When even the Bundesbank chief starts calling for a softer debt brake to boost investment, you know we're entering a different geological era!
Bundesbank chief calls for softer debt brake to ramp up investment https://t.co/m6PDfcJ1KC via @ft
"I hope to be proved wrong. But right now it looks as though the shadow of austerity policies adopted in error 14 years ago will continue to darken Britain’s prospects for many years to come" (Paul Krugman)
Oops! "A Citi trader in May 2022 intended to sell a basket of shares with a value of $58mn but entered details that created a basket valued at $444bn."
https://t.co/twezUTJr28
Can confirm that this is a brilliant and thought-provoking book. Delighted to have it in the ‘Building Progressive Alternatives’ series at @agendapub Out next week.
‘It is a mood,’ Johnna Montgomerie, a professor at the University of British Columbia who studies debt and inequality, has written. ‘A depression, a chronic case of financial melancholia.’” @j_montgomerie
https://t.co/cyLLbwtJct