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Howard Davies

Howard Davies

Writing for PS since 2009
88 commentaries

Howard Davies, the first chairman of the United Kingdom’s Financial Services Authority (1997-2003), is Chairman of NatWest Group. He was Director of the London School of Economics (2003-11) and served as Deputy Governor of the Bank of England and Director-General of the Confederation of British Industry.

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  1. Are Global Capital Rules Possible?
    davies89_Liu JieXinhua via Getty Images_michaelbarr Liu Jie/Xinhua via Getty Images

    Are Global Capital Rules Possible?

    Mar 29, 2024 Howard Davies thinks major Western jurisdictions' institutional differences could sink standardization efforts.

  2. Where It Pays to Be a Banker
    davies88_Michael M. SantiagoGetty Images_jpmorgan Michael M. Santiago/Getty Images

    Where It Pays to Be a Banker

    Jan 5, 2024 Howard Davies maps the growing divergence of tax and regulatory policies in America, Europe, and the United Kingdom.

  3. We Need to Talk About Bank Supervision
    davies87_Justin SullivanGetty Images_svb Justin Sullivan/Getty Images

    We Need to Talk About Bank Supervision

    Sep 22, 2023 Howard Davies thinks the renewed debate over commercial bank capital requirements largely misses the point.

  4. Buffer Madness
    davies86_SérgioGarciaYourImage forECB_gopinath Sérgio Garcia/Your Image for ECB

    Buffer Madness

    Jul 14, 2023 Howard Davies questions the merits of increasing banks' capital as a way to ensure financial stability.

  5. America’s Financial Regulatory System Is Still Broken
    davies85_ Justin SullivanGetty Images_sanfranciscofed Justin Sullivan/Getty Images

    America’s Financial Regulatory System Is Still Broken

    Mar 22, 2023 Howard Davies laments that the post-2008 Dodd-Frank reforms left in place a framework riddled with structural shortcomings.

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  1. adda1_ Nicholas KajobaXinhua via Getty Images_hbv Nicholas Kajoba/Xinhua via Getty Images

    A Big Step Forward for Liver Health

    Danjuma Adda explains how new hepatitis guidelines from the World Health Organization could reduce cancer deaths in Africa.
  2. khrushcheva181_ SERGEI BOBYLYOVPOOLAFP via Getty Images)_xi putin SERGEI BOBYLYOV/POOL/AFP via Getty Images

    The Fragile Fraternity of China and Russia

    Nina L. Khrushcheva

    Vladimir Putin’s recent state visit to Beijing – his first trip abroad since being inaugurated for a fifth term – was practically a mirror image of Mao Zedong’s visit to Moscow 75 years ago, when Stalin looked down on his guest. There is little reason to think that the bilateral relationship will prove more resilient this time.

    doubts that two countries with such diverging interests will be able to build a lasting partnership.
  3. subacchi41_ViaframeGetty Images_worldcrackingglobebreaking Viaframe/Getty Images

    The Global Economy Is More Vulnerable Than It Seems

    Bertrand Badré & Yves Tiberghien identify five factors driving a potentially catastrophic trend toward fragmentation.
  4. skidelsky201_Leon NealGetty Images_BOE Leon Neal/Getty Images

    The Myth of Central-Bank Independence

    Robert Skidelsky thinks the time has come to transfer power from technocrats back to elected officials.
  5. vaheesan2_Michael M. SantiagoGetty Images_gigworkersprotest Michael M. Santiago/Getty Images

    The Gig Economy vs. America’s Workers

    Sandeep Vaheesan warns that proposed ballot initiatives in Massachusetts would legalize exploitative employment practices.
  6. sherwin13_CURTIS MEANSPOOLAFP via Getty Images_repubicans trump trial CURTIS MEANS/POOL/AFP via Getty Images

    King Trump on Trial

    Richard K. Sherwin

    High-ranking Republican politicians have lately been turning up at Donald Trump’s New York City trial to demonstrate solidarity with the former president. But their attendance also serves a more alarming purpose: to validate Trump as a competing source of sovereign power, independent of the US Constitution and the rule of law.

    explains why a parade of Republican leaders have made appearances at the former president’s trial in New York.
  7. spence173_ Joe RaedleGetty Images_power Joe Raedle/Getty Images

    Crunch Time for the Power Sector

    Michael Spence argues that developing flexible, stable, and resilient smart grids requires an expanded industrial policy.
  8. op_janeway16_SAUL LOEBAFP via Getty Images_bidenchips Saul Loeb/AFP via Getty Images

    The Rise of Mesoeconomics

    William H. Janeway details how a long-neglected field of economic study can be applied to today's most pressing policy challenges.
  9. strain27_Philipp von Ditfurthpicture alliance via Getty Images_AIeducation Philipp von Ditfurth/picture alliance via Getty Images

    What the AI Pessimists Are Missing

    Michael R. Strain points out that the technology will help to address many of the risks it creates.

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