Articles & Blogs, Category = Banking / finance sector

Category: Banking / finance sector

Who Is Watching the Shadow Banks?

“Shadow banking refers to bank-like financial activities that do not fall under traditional regulations; they have been one of the root causes of the recent financial crisis. M. Thiemann identifies the structural causes for their rapid growth, and shows which institutional reforms could prevent the circumvention of regulations.”

Coding Private Money

“The state has long used law to back private money—with dire consequences, then and now […] If there ever was a magic ingredient for seemingly making something from nothing, it is law. Law can transform a simple commitment into an enforceable claim. And with a few additional legal steroids that grant asset holders priority, durability, convertibility and universality, law can turn a simple asset into a capital asset, as I explain in my new book The Code of Capital.”

‘Do No Harm’ Isn’t Enough. Why the [Australian] Banking Royal Commission Will Ultimately Achieve Little

“Why will the recommendations not be a lasting solution? An important reason is that the royal commission interpreted ‘behaviour consistent with community standards’ in a limited way to refer to situations in which customers were actually harmed. But much of community angst over financial sector conduct relates to the broader use of market power and superior knowledge to extract an ‘unfair’ share of the benefits from transactions with customers.”

The Problem in Finance Is Not Social Mobility, It’s Economic Geography

” the figures are remarkable: some 40 per cent of those in finance have parents in that industry, compared to just 12 per cent of the time in other ways of making a living. The worry is that we’re perhaps approaching some Hindu-like caste system, where who Poppa was condemns us to a life of economic stratification. The report has some other interesting info too – it details how some 65 per cent of us all would not consider working in finance at all. And among those who do over a third said they were mostly in it for the money.”

Market Rules: A Discussion on the US Banking System with Professor Mark H. Rose

“The US banking system includes a few giant “financial supermarket” institutions and thousands of small community banks. This unique structure has been shaped by more than a century of political dealmaking. In his new book, Market Rules: Bankers, Presidents, and the Origins of the Great Recession (University of Pennsylvania Press, 2018), Mark Rose discusses the politics that have shaped the banking system. From political battles fought to overturn federal Glass-Steagall Depression-era restrictions and state prohibitions against branching to more recent postcrisis fights to repeal Dodd-Frank regulations, Dr. Rose recounts the arguments, politicians, and bankers that shaped the industry over the past half century.”

What Are We Teaching in Business Schools? The Royal Commission’s Challenge to Amoral Theory

“The banking royal commission has seen spectacular resignations, calls for changes in the law, and calls for cultural change within banks. But what about changes in education, which is where much of what’s wrong begins? Business schools teach the people who will one day be the managers and leaders who run banks and other financial institutions. They have had a hand in driving much of what came before the commission – the prioritisation of profit (ends) over how people are treated (means).”

Loading

Post categories

Series of Posts

Post archive

Recent video posts

Loading...

Stay posted

Receive updates about new articles, blog posts, books, events and other news on the Moral Markets website

You have Successfully Subscribed!

Subscribe to the Moral Markets newsletter

Join our mailing list to receive updates on new articles, blog posts, books and more

You have Successfully Subscribed!

Geef Je op voor de Morele Markten nieuwsbrief

Schrijf je in voor onze mailinglijst om updates te ontvangen over nieuwe artikelen & blogs, boeken die zijn toegevoegd aan onze digitale plank, en meer

You have Successfully Subscribed!

Subscribe to the Moral Markets newsletter

Join our mailing list to receive updates on new articles, blog posts, books and more

You have Successfully Subscribed!

Subscribe to the Moral Markets newsletter

Join our mailing list to receive updates on new articles, blog posts, books and more

You have Successfully Subscribed!

Pin It on Pinterest