Diversity

Re-Define Managing Director Sony Kapoor is interviewed by Euractiv.com

Ex-Lehman banker says EU should crack down on big banks

Tue, 2010-02-09 11:49

Instead of addressing fundamental issues like the role of finance, politicians seem stuck in assuaging public anger, argues Sony Kapoor, manager of the international think-tank Re-Define, in an interview with EurActiv.

Kapoor, who has testified on financial regulation at the European Parliament, says world leaders have so far shown a lack of vision in reshaping the post-crisis financial system, arguing that it will be up to the EU's competition authorities to clean up.Outside Brussels, national leaders are missing the bigger picture, says Kapoor, though some have come up with "politically palatable" proposals.

Dear G-20, do the photo-ops but don't forget these principles!

At this Friday’s summit in Pittsburgh, the G-20 leaders will engage in the usual mix of photo ops, gourmet luncheons, backslapping and some real work. They and the world would be better off if this ‘real work’ of reforming the world financial system was informed by some sound principles.

In a debate that has bordered on being shallow and shrill, approaching regulation with a view to increasing the competitiveness, diversity and fairness of the financial system at the same time as reducing its complexity would be the only sensible route to take.

Re-Define

Themes

Diversity

Re-Define Managing Director Sony Kapoor is interviewed by Euractiv.com

Ex-Lehman banker says EU should crack down on big banks

Dear G-20, do the photo-ops but don't forget these principles!