For Howard Davies's latest contributions to The Japan Times, see below:
The travails of JPMorgan Chase have reopened the debate about what to do with American and European banks that are "too big to fail." The result so far is an uneven playing field.
Americans have been surprised at the sharply divided views in Britain over the governance of Margaret Thatcher, a product with more appeal in export markets.
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.
In an exasperated outburst, just before he left the presidency of the European Central Bank, Jean-Claude Trichet complained that, "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 ...
Some economists believe that this summer could mark the moment when some of the eurozone'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 ...
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 — and there are many — proposals to establish ...
Ever since the United Kingdom joined the European Economic Community in 1973, after the French withdrew Charles de Gaulle's veto of its membership, Britain's relationship with the European integration process has been strained. The British are reluctant Europeans, for historical and cultural reasons. For centuries, ...
"April is the cruelest month," wrote T.S. Eliot at the beginning of his great poem, "The Waste Land." 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 ...
The Chinese financial system'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's major banks were awash in nonperforming loans (NPLs), ...
LONDON — 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 ...
