Many students will be exploring aspects of financial market failure as part of their A level economics course. This article from Kamal Ahmed is a useful primer on the importance of credible regulation in banking and other financial services.
The Deputy-Governor of the Bank of England fires a warning shot that a return to light-touch (aka lax) regulation of the financial sector increases the risks of another systemic financial crisis. It reminds me of the most dangerous five words in economics ... "this time it is different".
© 2022 Tutor2u Limited. Company Reg no: 04489574. VAT reg no 816865400.