Worse financial crisis needed to achieve effective financial regulation: professor
Another even worse financial crisis is likely to be necessary before policy makers arrive at effective regulation of financial services, says Professor John Kay. With special audio feature.
Jenny Ruth Wed, 10 Feb 2016
It will probably take another, much more catastrophic financial crisis than the global financial crisis (GFC) before there’s a will to impose effective regulation on the financial services sector.
That’s the view of John Kay, a visiting professor of economics at the London School of Economics and
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