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	<title>The Japan Times &#187; Howard Davies</title>
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		<title>Financial regulators&#8217; international variety show</title>
		<link>http://www.japantimes.co.jp/opinion/2013/02/27/commentary/financial-regulators-international-variety-show/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=financial-regulators-international-variety-show</link>
		<comments>http://www.japantimes.co.jp/opinion/2013/02/27/commentary/financial-regulators-international-variety-show/#comments</comments>
		<pubDate>Tue, 26 Feb 2013 15:00:30 +0000</pubDate>
		<dc:creator>Howard Davies</dc:creator>
				<category><![CDATA[financial regulation]]></category>
		<category><![CDATA[global economy]]></category>

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		<description><![CDATA[It is hard to identify a correlation between regulatory structure and state success in heading off or responding to the financial crisis triggered in 2008.]]></description>
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		<title>Economists in denial as conventional tools fail</title>
		<link>http://www.japantimes.co.jp/opinion/2012/09/07/commentary/economists-in-denial-as-conventional-tools-fail/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=economists-in-denial-as-conventional-tools-fail</link>
		<comments>http://www.japantimes.co.jp/opinion/2012/09/07/commentary/economists-in-denial-as-conventional-tools-fail/#comments</comments>
		<pubDate>Fri, 07 Sep 2012 00:02:50 +0000</pubDate>
		<dc:creator>Howard Davies</dc:creator>
		
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		<description><![CDATA[In an exasperated outburst, just before he left the presidency of the European Central Bank, Jean-Claude Trichet complained that, &#8220;as a policymaker during the crisis, I found the available [economic and financial] models of limited help. I would go further: In the face of the crisis, we felt abandoned by conventional tools.&#8221; Trichet went on [...]]]></description>
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		<title>Making the eurozone work</title>
		<link>http://www.japantimes.co.jp/opinion/2012/09/04/commentary/making-the-eurozone-work/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=making-the-eurozone-work</link>
		<comments>http://www.japantimes.co.jp/opinion/2012/09/04/commentary/making-the-eurozone-work/#comments</comments>
		<pubDate>Tue, 04 Sep 2012 00:00:11 +0000</pubDate>
		<dc:creator>Howard Davies</dc:creator>
		
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		<description><![CDATA[Some economists believe that this summer could mark the moment when some of the eurozone&#8217;s peripheral members may begin to be forced out; others think that such a scenario is inconceivable. All agree that, at least in the short term, a eurozone breakup would be disastrous for jobs and growth. But, because the outcome is [...]]]></description>
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		<title>Finessing one big banking union for Europe</title>
		<link>http://www.japantimes.co.jp/opinion/2012/07/16/commentary/finessing-one-big-banking-union-for-europe/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=finessing-one-big-banking-union-for-europe</link>
		<comments>http://www.japantimes.co.jp/opinion/2012/07/16/commentary/finessing-one-big-banking-union-for-europe/#comments</comments>
		<pubDate>Mon, 16 Jul 2012 00:03:08 +0000</pubDate>
		<dc:creator>Howard Davies</dc:creator>
		
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		<description><![CDATA[In the last few weeks, the idea of establishing a European banking union has become the latest remedy advanced as a solution to the long-running euro crisis. But whatever the merits of a banking union &#8212; and there are many &#8212; proposals to establish one raise more questions than can currently be answered. The motivations [...]]]></description>
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		<title>London versus the eurozone: The game is on</title>
		<link>http://www.japantimes.co.jp/opinion/2011/12/17/commentary/london-versus-the-eurozone-the-game-is-on/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=london-versus-the-eurozone-the-game-is-on</link>
		<comments>http://www.japantimes.co.jp/opinion/2011/12/17/commentary/london-versus-the-eurozone-the-game-is-on/#comments</comments>
		<pubDate>Sat, 17 Dec 2011 00:02:19 +0000</pubDate>
		<dc:creator>Howard Davies</dc:creator>
		
		<guid isPermaLink="false">http://awsadmin.japantimes.co.jp/?post_type=opinion&#038;p=11970</guid>
		<description><![CDATA[Ever since the United Kingdom joined the European Economic Community in 1973, after the French withdrew Charles de Gaulle&#8217;s veto of its membership, Britain&#8217;s relationship with the European integration process has been strained. The British are reluctant Europeans, for historical and cultural reasons. For centuries, British foreign policy strove to avoid permanent European entanglements; but, [...]]]></description>
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		<title>Negotiating Europe&#8217;s financial wasteland</title>
		<link>http://www.japantimes.co.jp/opinion/2011/08/25/commentary/negotiating-europes-financial-wasteland/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=negotiating-europes-financial-wasteland</link>
		<comments>http://www.japantimes.co.jp/opinion/2011/08/25/commentary/negotiating-europes-financial-wasteland/#comments</comments>
		<pubDate>Thu, 25 Aug 2011 00:02:41 +0000</pubDate>
		<dc:creator>Howard Davies</dc:creator>
		
		<guid isPermaLink="false">http://awsadmin.japantimes.co.jp/?post_type=opinion&#038;p=11777</guid>
		<description><![CDATA[&#8220;April is the cruelest month,&#8221; wrote T.S. Eliot at the beginning of his great poem, &#8220;The Waste Land.&#8221; But if Eliot had been a professional investor who had observed European financial markets over the last few years, I am quite certain that his choice would have been August. In August 2007, the decision by BNP [...]]]></description>
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		<title>Chinese finance comes of age</title>
		<link>http://www.japantimes.co.jp/opinion/2011/06/29/commentary/chinese-finance-comes-of-age/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=chinese-finance-comes-of-age</link>
		<comments>http://www.japantimes.co.jp/opinion/2011/06/29/commentary/chinese-finance-comes-of-age/#comments</comments>
		<pubDate>Wed, 29 Jun 2011 00:02:46 +0000</pubDate>
		<dc:creator>Howard Davies</dc:creator>
		
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		<description><![CDATA[The Chinese financial system&#8217;s evolution in recent years has been extraordinary. I have observed its transformation as a member of the International Advisory Council of the China Banking Regulatory Commission (CBRC). Back in 2002, all of China&#8217;s major banks were awash in nonperforming loans (NPLs), which in some cases amounted to more than 10 percent [...]]]></description>
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		<title>A moveable financial feast</title>
		<link>http://www.japantimes.co.jp/opinion/2010/11/03/commentary/a-moveable-financial-feast/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=a-moveable-financial-feast</link>
		<comments>http://www.japantimes.co.jp/opinion/2010/11/03/commentary/a-moveable-financial-feast/#comments</comments>
		<pubDate>Wed, 03 Nov 2010 00:02:23 +0000</pubDate>
		<dc:creator>Howard Davies</dc:creator>
		
		<guid isPermaLink="false">http://awsadmin.japantimes.co.jp/?post_type=opinion&#038;p=15355</guid>
		<description><![CDATA[LONDON &#8212; There was a time when league tables were to be found only on the sports pages of newspapers. Now they are a global obsession. There are school and university league tables, rankings of companies on profitability or corporate social responsibility, tables of happiness indicators by country, and tables that attempt to rank consumer [...]]]></description>
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		<title>The European Central Bank has no clothes</title>
		<link>http://www.japantimes.co.jp/opinion/2010/06/24/commentary/the-european-central-bank-has-no-clothes/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=the-european-central-bank-has-no-clothes</link>
		<comments>http://www.japantimes.co.jp/opinion/2010/06/24/commentary/the-european-central-bank-has-no-clothes/#comments</comments>
		<pubDate>Thu, 24 Jun 2010 00:02:59 +0000</pubDate>
		<dc:creator>Howard Davies</dc:creator>
		
		<guid isPermaLink="false">http://awsadmin.japantimes.co.jp/?post_type=opinion&#038;p=14840</guid>
		<description><![CDATA[LONDON &#8212; The crisis in the euro zone remains far from resolution. Investor worries are now concentrated on the health of European banks, many of which have large exposures to Greece and the other southern European countries with severe fiscal problems. Europe&#8217;s leaders have so far applied only plaster to the wounds. A stabilization fund [...]]]></description>
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		<title>A pig&#8217;s breakfast in Europe</title>
		<link>http://www.japantimes.co.jp/opinion/2010/04/22/commentary/a-pigs-breakfast-in-europe/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=a-pigs-breakfast-in-europe</link>
		<comments>http://www.japantimes.co.jp/opinion/2010/04/22/commentary/a-pigs-breakfast-in-europe/#comments</comments>
		<pubDate>Thu, 22 Apr 2010 00:03:28 +0000</pubDate>
		<dc:creator>Howard Davies</dc:creator>
		
		<guid isPermaLink="false">http://awsadmin.japantimes.co.jp/?post_type=opinion&#038;p=14465</guid>
		<description><![CDATA[LONDON &#8212; The Greek debt problem has been poorly handled by Europe&#8217;s decision-makers. European Union heads of government, and the European Central Bank, initially rejected the idea of involving the International Monetary Fund, but without a fall-back plan. It is hard to avoid the conclusion that part of the motivation for this was French President [...]]]></description>
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