This article was first published on the Institute of Economic Affairs Substack. Wherever Central Bank Digital Currencies (CBDCs) have been attempted, … Continue reading “Quick Read: How popular are central bank digital currencies?”

Andrew Palmer, Business Affairs Editor at The Economist speaks at the firat IEA THINK conference on financial innovation. He argued … Continue reading “THINK – The benefits of financial innovation”

Earlier this month American Banker’s Mayra Rodríguez Valladares reported on what she regarded as “a bleak winter for financial reformers … Continue reading “Crony capitalism cannot be ‘tamed’ with more regulation”

Today Ed Miliband made a speech on policy in UK banking. There is much wrong with that market and important reforms should … Continue reading “Memo to Ed Miliband – you cannot regulate your way to competition”

New Zealand introduced deposit insurance in 2008, during the recent financial crisis. In the middle of an election campaign, and … Continue reading “Open Bank Resolution: a credible alternative to deposit insurance?”

There is a myth gaining traction that Margaret Thatcher’s deregulation of the City through the Big Bang in 1986 ultimately … Continue reading “Thatcher changed the City forever but Big Bang isn’t the whole story”

Given recent events and the continuing travails of the world economy, widely seen as having their origins in the financial … Continue reading “What will drive the future of banking?”

In March 2009 an EU directive increased the value of the protection afforded by a deposit guarantee scheme (DGS) to … Continue reading “Bank deposits cannot be guaranteed across the eurozone”

Since fox-hunting became illegal, banker bashing has become a new blood sport. Not only is the typical banker portrayed as … Continue reading “The social role of banks is banking”